New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-23
United Fruit Earnings.

Lare when copper SOld up 10 % cents
United Fruit Earnings.
Earnings Of the United Fruit Company
49,, renorted To he exceptional for this time
- year. since May they are said 10 have
-, a the rate OF 100000 net a month
49,, fruit alone I'm 1897 United Fruit
..,nires from fruit alone were 100000
-, tho three midsummer months, which was
now earning record but for fruit oper-
e,,ons 10 reach figures Of $3.50 900 a week
:, this time Of the year is another new
record.
Total net earnings this year are somewhat
,.bind earnings Of last year but at the
,,.sent rate they might pass last years
earnings very quickly.
The Texas Company.
The activity IN Texas Company stock
,.ns attention TO the financial status Of the
company.
The company now has $4,000 600 CAPT
al stock outstanding, with a total author
,,Ad issue Of S5o,00O,Ooo In the last fiscal
,.sr a balance equivalent TO 1907 per cent
rss earned. but in order TO make this
showing il was necessary to omit charges
for depreciation. insurance reserve. etc,
which In the 1910 year amounted to Sl,2iS.-
600 Assuming that these charges were at
The same figure as In 1910, the dividend
balance would have been equivalent 10 50 10
G share If stock outstanding.
The reduction from IN per cent 10 per
rent annual dividend rate last year was
,,i6 ~ be due 10 lower prices for oil which
condition now is reported 10 be improving,
and the friends Of the stock which has
beer selling up, say that advancing prices
End demand for bvproducts will allow bette!
,rofis and increase net earnings.
Canadian Autobus.
According to specifications Of tho Cana
dan Autobus Company submitted to the
Montreal Board of Controls. it is planned
70 carry nifty million passengers a year, or
e Uer cent Of the number carried by the
Montreal TramWays Company in its street
car service The new company proposes
70 use 100000 of its 100000 capital stock
Tor the Montreal service and the balance
for services to be established in other
Canadian cities.
Bonds Oversu described.
II is announced that the proportion OF
The 81. 10000 Bethlehem Steel Company first
len and refunding IS reserved for public
issue in London and Amsterdam, and for
which books have closed has been largely
cyersubscribed. and the very large amount
o. advance orders which have been re
ceyed from all over the country indicates
that the New York allotment for which
books open tomorrow, will also be very
successful
Germans Want Money.
Germany is in this market for money
,nd the following which are considered
high for two months bids indicate that the
present Reichsbank rate OF per cent
will not he lowered at present The bids
Of the German bankers are: For one
month. ~ per cent; for two months, "a
81 per cent and for three months. 40 per
cent Foreign exchange bankers point out
that on the outlook for exchange these
rates only mean about TO 3i2 per cent
on their money, which is not much better
than can be secured on the local market
However. it Is known that Chicago has
lent son zoo marks Isl 10000, 10 Germany
within tho last few days on this basis.
Get Fishing CONFESSIONS.
From Chicago comes the report thati
Booth Fisheries Company has secured. sub
;.ct 10 their examination and approval
fshing concessions from the Newfoundland
government. embodying exclusive bait con
cessions for fifteen years, perpetual grant
Of twenty square miles for each plant built,
guarantee ~ 6i2 per cent on ali money in
vested in plants. fleets and equipment and
removal Of duty on all supplies used by the
company Fisheries companys plans in
volye formation Of new company, 10 be
known as Newfoundland Fisheries Com
pany with capital Of about 100000 all
Of which will be held by parent company.
Examination of grounds will be started i'm
msdately and construction work il eX-
rected TO start by August I. The new ter
rtory is practically a virgin one, and har-
vest is expected 10 be large and profitable.
Canadian Spring Wheat,
The spring wheat seeding throughout
Saskatchewan country has been completed
under favorable conditions. with an area Of
10000 acres. This year seeding was gen
sral b. the middle Of April, and practically
completed within the next month. Soil con
oitlons we're excellent, but termination has
beer slow owing to cool weather The Ag-
ucultEral Departments report on April 30
showed that Of the crop OF 1911 559CO,00O
bushels were shipped. 9,pDoOoO bushels were
IN store. 100000 bushels were required for
seed 100000 bushels were ground and in
cars in the province, 2.5QOo09 bushels were
unthrashed and 1926. 40 bushels thrashed
and In farmers hands TO be marketed The
final estimate for 1911 is 967sS,5s8 bushels.
No Common Dividend.
Vulcan DEFINING has 10 common divi-
bends in sight, as money has been used
according 10 the cyinpan" to rebuild the
sreator. Ill, plant out Of earnings and
the company has incurred no Indebtedness,
but has no money for common dividends.
The Streator plant was wrecked by cy
clone on July II, 1905
The Bankers Luxury.
number Of the leading banks OF New
York City have arranged to send their
delegates 10 the convention Of the New
York State Bankers Association in Buffalo,
next month. on a special, called the ''official
train" over the Lehigh Valley Railroad.
Not 6uIIish.
The copper stocks. particularly Amalga-
mated had a turn in the downward direc- |
ton yesterday Il is said that the Rookie
Teller interests sold coppers. and one OF
The group remarked that the market was
safe to stay out Of
Accommodating Union.
4 rumor VAS floating around that Union
Pacific Is being accumulated by one OF the
lower houses that has always been friendly
TO the Hartman issues. An old friend OF
tho family. as It were.
The Steel Debate.