New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-15
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

we'll Street is the place that put the
-.o-6 source" into resourceful No place
= The world is more resourceful than
".orers office, particularly when 1t comes
:, odvancing the why's and wherefores"
:, stock movements. II stock goes up
,hs,e's reason, and II 1t sells down
.hore's another reason. There are two
'aasons on each side. however that are
.Iuevs kept in stock. The reason usually
-,rar for an advance in the price of
o.,,,r,tv is that the stock is being put up
=, pool or is being accumulated by In
,s;sn,s II Il suddenly sells down the rea-
assigned is that the selling is due TO
.sn+,oental influence or is a natural reac-
49, There are ffty-seven other varieties
:, excuses and resourceful explanations,
~ of which are kept on file in brokers
ofices.
Attractive Prices at Present.
With the air full of. war news from Eu-
=. tariff tinkering talked OF here and
.on,;uental changes carrying stock prices
ord down with rapidity and uncertain
so,,e of the issues of the stocks hav-
-. GOOD records appeal to investors.
.t,,ogo & Northwestern at 40 yields
ant American Telephone and Tele-
ob az l43 Yields SIS per cent, General
S,,.o,r,c AT $50 yields AS per cent, United
states steel at 75la yields $685. Union Pa
s,sc at 1927. yields $50 per cent, and Ma
80, biscuit at lSl yields 5.S4 per cent.
Tbsrs are many additional stocks In the
a., that are offered at attractive prices
Ia considered. Some Of them have
y.,,arob,e prospects beyond their present
-, General Electric. for instance. on
no,nr,bsr 81 will distribute 80 shares OF
-, ,,ocN 10 stockholders for every II"
-, then held. This distribution. added
80 quarterly dividend Of 2 per cent on
Novsrober 30. will bring the price OF the
s,ock down to 1877 from It's present selling
80. Az 1s7 General Electric will yield
about $50 per cent
Law Digest for Bankers.
rs.-. has inst been issued by the
.raankIng Law Journal" volume which
riu doubtless find a welcome among
bankers throughout the United States.
The hook is Just what Its name suggests
RANKING Law Journal Digest, as 1t Is
r.,lsts with decisions compiled from the
wear 1900 until June, 1912. Each digest
.,v,s IN epitomzed form the facts in
yolved in the specified case and the hold-
o., NJ the court There is an alphabeti-
osIy arranged table Of cases citing court
reports and The Banking Law Journal
giving sections OF the Digest, and under
vo,,ons headings are cross references
Tn. Digest was compiled by John Edison
Brody
Colorado & Midland Railway Bonds
Yesterday there was considerable in
tsrest shown by the parties interested IN
the Colorado & Midland Railway Com
pany first mortgage 4 per cent 80 year gold
hohds. The opinion was expressed that
Raiders Of these bonds should agree on
some concerted action and notice was
sent out asking them to communicate
With Hallgarten & Co., No. Nassau
street This firm already represents
Considerable amount OF the bonds ana
announces that a bondholders agreement
is being prepared. The deposit OF the
bonds under such an agreement will be
American Mining Machinery.
AT least 70 per cent Of the mining ma
ehinery in the Boundary District, British
Columbia. is reported to be of American
manufacture. which is due to It's superior
quality and adaptation to the purposes
required. AS a rule, the methods Of ship
ping. marking and packing are excep-
tionally good. Where material Is as
tributed TO various places in the estao-
lshment Of a mine, this is an important
item as it enables original packages 10
be delivered at the points where they are
10 be used.
great many articles in the hardware
and grocery lines sold In this district
come principally from the United States.