New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-18
BRIEF NOTES OF FINANCE
paragraphs of Current Interest
for the Investor.

'' 80 press agents are born not made
use, windy city. The latest is a story
u u'' sooo coo. 00O passenger and freight
o. ,',pal for that city, which is thought
e'n savs grown out of the cooperation Of
- of the railroads for increasing facili-
sour the Chicago Belt Line Company A
We million or so does not stagger
,Ss chicago publicity man.
Western Electric's Increase.
~,. new business Of the Western Elec-
Corpapv is reported TO be greater
u" ,he rate Of deliveries. The official
...,,o,t Of the company shows that on
,,,v untitled orders aggregated S.
aanoo on september 10 the total was
W. ooO 600 an increase for the nine
,bs Of a5 per cent. The company is
ar,,e 10 expend about $3.50 900 ofor
lection OF new buildings at Haw-
80 for the purpose of accommodate
i've manufacturing now done by the
Zen, in New York. The policy rs
s.irad Is toward concentration, and in
year or so the Western Electric eN-
80 "a hiring all OF its manufacturing
nsbas 10 Chicago and put them under
head. Export business of the COM
~ is showing remarkable improve
ment.
New Motion Picture Company,
!, is reported that a group of financial
raan have organized a corporation known
:. The Standard Motion Picture Theatre
co,nnanv of America, capitalized at
i. oo0 $4,000 preferred and 10000 com
-. $4,000 preferred 10 be issued i'm
n,sd,ately for corporate purposes. and to
80 convertible privileges after one
year into common stock of this company
hare for share. callable at 40 per cept
,t,er two years. at the option OF the
company. $3.50. ---.-. I
The men interested in this enterprise
NO Elliot r. Couden, cashier Of the
edrewood National Bank; John &.
Ysracle, No. IA Liberty street: Ed. e.
nayls. printer and publisher, New York
tJty; Maurice Davidson, capitalist: VIII
,sm p Eisenhardt, general manager Of
,ss American Motion Picture Machine
corpany: Albert &. Norwalk, president
of the Automobile supply Company. and
sidney Ascher. vice-presldent of the Ma
.onal Motion Picture Exhibitors Pro-
tective Association and secretary OF the
New York City League of Motion Picture
Exhibitors Protective Association.
The company now owns and operates
-four theatres and IL is said more viii be
added.
The news bulletin OF Thompsou-Towle
saws that the statement OF prominent in-
tsrests in copper that they have no de-
,.sre TO see prices advance beyond the
present. nc level still holds good, but
Developments during the next few weeks
may take the market out OF their hands,
al least temporarily
Most Of the companies have solo their
october copper, all they can possibly de-
liver. and vet there IS big consump-
tive demand which has not yet been,
net for that months delivery. and in
ne intense desire TO get this copper IL
Is feared IN well informed quarters that,
tonsumers may bid PRICES mp on them
selves, IN which case 2oc copper would
10. Be surprising, oven though unde-
sFsbe. The leading copper interests be-
leye that 11a,c copper is iustiaable, and
While they are not DESTROYS of seeing it
higher they may be unable TO prevent IT.
PrOhbitive Shipping Rates.
The consul report says that war with
Turkey created a larger demand for coal
during the latter part Of 1911, and since
then the imports have continually in
creased The imports at Naples during
Ell were as follows: From Great Britain,
!S.A tons. from Germany, S5e3 tons
from the United States 50.0Al tons. max
tng total ~ Ssl,2SI tons, an increase OF
&6 tons over the former year The
comparatively small imports OF American
coal may be attributed almost entirely
% the high freight rates prevailing during
ns latter part Of the year These rates
which We're as low as 10 shillings t<2 40
Der ton In 1910. rose to 70 and p shillinss
Nis2 aud $50 during last year making
ihpofts from the United States almost
Pohlbitiye. The importers find the price
and quality OF American coal satisfactory,
put 10 compete successfully with tho
British product freight rates must be
reasonable and deliveries prompt A re-
Urn cargo is also an important factor to
be considered I'm figuring on procuring
some Of this enormous business. While
ne actual imports Of American coal al
NapleS during 1911 amounted to O,DS tons,
yoaraets We're made for delivery during
,l22 for more than 10000 tons. So 1t rs
not improbable that the market for the
American product viii increase here dur
ing MS year, particularly should the war
eo0fmue and the freight rates remain