New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-01

Mn, il all. Now that this leak is 10 be
stopped wall street ''''' '''P0 '0' 0''~'
market
New Road Incorporated.
new railway has been incorporated
:. harrisburg under the state laws Ct
n.,nsylyaria. The name Of the new road
'a-,orad Is the Pennsylvania & South
.r.s,ern Railway Company The route as
s,.oned. # is. said, will run through the
r,n,Ies OF Bradford, Tioga and Lycom-
IRE financing of the new road, it Is
.''r,o,ed. is being done by tho New York
,,.rtrsL I'm order TO gain easy access 70
-. coal and lumber regions 81 PennsNl-
yaHla proper.
Bethlehem Steel Earnings.
r1,blehem Steel earnings are saio IS he
do 10 record figures. II IS stated that IN
Sc erst six months Of tho current year
80 earnings available for dividends were
:, the rate Of per cent per 1nnum on
he common shares. after allowing for Z
-, cent dividends on the preferred stock
,oeordins 90 President Sohwab's state
-.rt dividends will not he inausurated
IN the management feels practically
,,,,sin that they can be maintained IN
,.h,i,elv. The company is reported 10
-. sufficient orders booked to keep the
Ills running al nearly full capacity foT
,nanths. and with earnings increasing 1t
m.v be that dividends viii be inaugurajed
his year or early in 1913.
Foreiaos Cotton Demand
I, "a quite certain now that the foreign
,r,s. viii require l0.50O000 bales OF cotton
"a. season. Judging from present indica-
IONS I'D 70 an ss.rIy date l0SSS,S9 bales
b.ys been exported, st!ll leaving approx
,s,sly isl .0o0 bales TO como up 70 the
,otal expectation. It is said that August
!, var likely 70 be 8 busy month In tho
.~norting Of the remaining oonsignments
~ the old crop ana early lots OF the new
.fsst v,a- tho records OF exports IN Au-
r,s, showed that 239.4s1 bales, compared
With s4sfS5 in 1910 ana 1850 IN 1909 had
heen sent ont
Bank of England and Crops.
The following from The stsust re-
sarding the Bank OF England Is interest
,rs IN view OF the various reports ana
dsSuctions which have been made 10y
financial writers recently
The Bank Of England is steadily grow
ing stronger. and is likely TO continue 10
do 40. for there is exceedingly little fo'-
.,en competition for the gold Offering IN
,.a ooen market. Trade is steadily I'M
vrov!ns. showing, firstly; that 'creot Is
sound, and, secondly tbsS the gIest 'ep'-
,,,lsts who geysrn the action Of '!aoe are
,onvisped that nothing IL NkelN-to nap
nsn IN the nesrLfurSte TO disarrailse tnen
..i,uIa.,ops. Lastly. the crop prospects
are ayerywhera. farors bie. OF 9osrse' II
{, TOO early IL spsak With any Confidence
,,.snao,,ns india q i is no doubt d great
ssin thst at The end OF the first month
the monsoon Is sstisfsctozS' ana All
indian accounts show that hopes' are
xrfong there thai, jbe monsoon WI Ne
favorable. Prom Australia the .inteil-
stuce rortinues 60 bs excellent, and al
,4yustfH isseltogethcr 800 early 30 speak
with respect to Argentina, st!n, so far ~
,Sa4 can foiesee, tire outlook fs e!so prom
sing there But II we have good crops
there Will BE- @ cheapening Of the COST OF
living which N5u tond TO prevent those
qarass,ng labor disputes which have
gwen 90 much trouble during the last 70"
yesrs''
- brasnt Call for Men.
The following dispatch has beer reesiveo
os IN, officials OF the Chicago g. North
western Railway from Watsrtown. g. u;
The Mayor, Board Of Commissions ara
Business sien's Association ask for 'Wo
thousand men to take care OF The snSsu'
ally large crop In this section. The crop
IA Now ready for harvesting end thrash
!nx, ara v1ii not last unless heip is Sc
cured
oydsrs Months Ahead.
II 1, said that not within decade mas
ths stsel rail- trade been so far Ia the
Is,6 of deliveries. Railroads are MAKING
inoreas sing inquire. for rails to DO de-
,tr.raa months ahead, some OF mem
naming the early period Of 1913 IN hpeol-
sesaonn. This is why there As reported
o be 30 much congestion at the mills
RE advancing prices evidence the "iiilng'
mass Of roads 10 pay premiums Oh orders
which can he specified this year
Coal Trade Conditions
SHE Coal Trade Journal" this week
sabl,shsd the following editorially under
N. heading Of "The State Of Trade'i
GA general tone of uplift and better
usht runs through the comment In re-
ss,d 10 tho soft coal trade, We are slad
70 tsy, but there is also spirit OF ap'
sFtAsnsion abroad In regard 70 the car
rppy being sufficient TO enable shippers
70 mag. the profits they look forward TO-
q oourse. profits and cars are what
night be termed antagonists. or perhaps
nsutrallEing. factors. II there were un-
limited cars available to the bituminous
shippers. there would be no profit on coal
sold. and. on the other hand, II there ~as
but q car q day allowed to each mine
that now gets two. with others In pro-
portion, there is scarcely any limit to
the price that might be had. Granting
these Circumstances. the governing ioea
Is, Of course. TO be able 10 send out Oh
many cars as possible Of hlgh-priced pre-
MUM coal. and as there will be very
little leeway in the matter Of extra trans
portstion available this fail. we may ex-
pect 10 see car distribution watched as
never before, with frequent appeals 70
The /. G. G. and the courts by those who
have faith IN the practical results OF such
Efforts