New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-03
Lost Wall Street Lamb.

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Lost Wall Street Lamb.
Tho Wall Street district, like other
r,aees has its extremes. Yesterday after
IN aside from what one might expect
"a far of Western town or out on the
,.,,s q strange scene was presented to
49, owes of many along Broad and Beaver
',.eets when a typical old-fashioned lum-
- wagon loaded with primitive house
s,i5 goods. drawn by team that had
80, hotter days, passed down and out
80 lower Broadway. The driver wore
go attire of Il Western frontiersman. and
,ollowing beside the wagon was a coun-
.r,rnar equally picturesque, who was
,ssding a shorn lamb as part of the mi
.rotins caravan As the outfit turned
-, Rroad street into Beaver street one
hroter. looking wistfully at the passing
ric,ure. remarked: That's the last lamb
= wall street. II has been fieeced and
is departing.
Pennsylvania's Relief Payments.
tn. regular monthly report of the relief
dsnarfuent Of the Pennsylvania Railroad
svstem. issued yesterday, shows sum Of
co., s72 as paid to members during Octo-
~ OF this amount Sli6,S0l represents
- cavments made on the lines east of
pi,tsburgh and Erie, and S79,Od on the
eastern lines. Since the beginning of this
,u,a the lines east and west have paid
ant S434j049.. Payments east of Pitts
purgh and Erie to the families and MEM
80 who died amounted to SA99S, and to
members incapacitated for work the sum
so,a was Slol.S90. The total payments
~ lines east Of Pittsburgh since the be-
Ginning OF the relief fund, in 1856, have
on,ounted 10 S24,S39. 500. West of Pitts
h,,rgb in October a total of $1,000 was
d,str{buted. S3O250 of which was for the
families Of members who died and S4s.sl4
Cor members unable TO work, while $780,
90 represeuts the total payments of this
relief fund on western lines since 1889.
Unconfrmed Rumors.
The appearance Of the st. Paul state
,nert for october yesterday renewed the
rumor of new financing which was cur
rent a short time ago. The early report
mas that the road would offer $l5,OO,OOO
AZ ner cent convertible debentures, but
no positive declaration has been forth
coming which could be construed as
basis for this rumor. So little is known
of il that if is a case of neither the time,
the amount nor the purpose for Issuing
new obligations being made public.
Time for Reflection.
Now that the end of 1912 is approach
ing. there Is a disposition among re-
aective minds TO look at the investment
situation and analyze some of its points.
Stocks that have been bulled By all
kinds Of promises and rumors, unofficial
h. are now looked at in the nght OF
scoming events. Industries that are liable
10 be affected by a change in the tariff
ar held up 10 the light OF probability
And considered from the standpoint OF
what they can earn, provided they suffer
from a scaling down In the measure of
iarm reform. Also the increase in the
cost of the raw products in the manu-
faccure, OF some goods is attracting at
iertion. Several industries which are
reported to be doing a large and increas-
ing business may not show profits, owing
10 the enhancing Of the cost of labor
end the Increasing cost of raw material.
Concerns that have not been showing
profits sufficient TO pay dividends are
LOW being inspected more closely and
are not being purchased so much on
promises as on actual worth. The spec
ulative element is being eliminated for
the time being.