New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-26
BRIEF NOTES Of FINANCE
paragraphs Of Current Interest
for the Investor.


..o that the market saw the elimination
-, long 1872 decline. Steel common.
.-,,n se6,soo shares traded in. broke 81
.o,n,s to 50. More Steel was traded in
nan IN all the other stocks on the list
.otai OF all sales was l.S55,5S5 shares.
.1,ng sold as low as 1874, Union Pa
.sc sold at 1888 and Amalgamated at
~ II will be remembered that the sell
49, IN steel was precipitated by the gov
-s,ant's dissolution suit rumors regard
- which had been current in bearish
.,,srs for many months Shortly there
Ss,r the Morgan-Gary statement of re-
'.,u,snce was published. Steel rose quick
:, and by the end of the year had recov-
I'D about twenty points.
ssawsed for Hat Trimming
,.ricans have been asked TO subscribe
.,ock in almost every kind of a cor
p which could be thought Of, but
~ have never, so far as is generaiV
''or,r been presented with proposition
:. become identified with seaweed COM
Tho name sounds like a "Get-Rich-
-, waIlingford" story title, but, IN
-, q Is a real business. Along the
tNs,,sb coast in England the inhabitants
,,.ors have been collecting White
I va that IS washed UP along the
80. and that has been sold in London
ga other places TO milliners for Iiinnhhe
sats The industry has grown TO oonsio-
as,e nroportions, according to the Eng
lish press.
copper Imports and Exports
,-.,orts Of copper for the nine months
- sentember 30, 1912, were 1890 TONS
ss-,nsrsd with 127,OO0 tons for the same
S.Ins IN 1911. Exports Of copper covering
-. A-st nine months of this year were
A., On toms. as compared with ls'Al TONS
e. N. corresponding months OF 1911
Kansas City Southern
The general reports from the Kansas CIts
coutbsrn Railroad are quite different from
~. inflammation received in the spTihs
.,hr when foods, unfavorable weather
and labor troubles caused conslderapie
t.u,ng off IN revenues. The conoIuohS
now are said to be much improved ana 10
,aaact decided betterment in the cutIeh'
earnings.
Soft Coal Trade Growth.
Some figures showing the growth OF the
soft coal trade have been prepared py
'The Coal Trade Journal" They sno"
that in 1891 the production of soft coal in
This country amounted to n7sN,2SS TONS
IN 1901. 225,S2S,l49 tons, and in 1911, 4O0'IZ4'-
~ tons. while in 1912 it is estimated there
will be total production OF 4fo''VO'V''
tons
American Lumber in Martinique,
There are two kinds Of lumber imported
into Martinique from the United states
according to consular information, yellow
nine and white pine. Most Of the yellow
nine comes from the Southern ports In
the following dimensions: l-inch and ~
inch boards IL feet long and upward g.
10 and p inches wide; lumber for frames
upr,ghts, rafters, studding, ETC., 2Xo' S&o
3x4 Ak, 4x5, axe, AXIS, 5x5, 6X6, 6XS' txS SAS'
SxlO; foorings, 1AX6 inches, 10 feet !ons
and upward; planks, III, and ~ lncheS
bv s. 10 and y inches, l6 feet long ana
upward The prices paid are about SSV 10
sg3 l. 90 feet C. l. l.; the selling price
approxlnnates q cent!mes (4.43 cents Amer
.tean currency a foot. The quality in de-
msnG Is au-heart material. A small guam
tlty Of 50 per cent heart and still less OF
third quality square and round, called also
"merchantable." are used, but this lun-
Der contains considerable sap. Lumber
containing much sap rots very quickly
and is not desirable.
Has Changed Conditions.
Some interesting figures regarding the
automobile industry are given by Thomp-
son. ToEle e. Co., as follows
THE automobile is largely responsible
for the scarcity Of skilled labor in general
manufacturing industries. There are lo'-
900 skilled mechanics now employed in the
manufacture of automobiles, who up TO a
few years ago were employed In other
Manufacturing channels of industry
There are s27.2s4 automobiles In use IN
the United States. and It is estimated that
there are 10000 cheuffeurs employed 10
operate same who would otherwise be en-
ployed IN manufacturing establishments
and this total Of 10000 intelligent men
engaged in the manufacture and operation
Of automobiles is factor, not only as
affecting the high cost Of living, but in
the great scarcity Of skilled labor so much
needed in the manufacture Of necessities
Railroad managers are beginning TO refer
70 the inroads Of the automobile in gem
sral passenger and express business. Pres
ident Elliott of the Northern Pacific at
tributes a good portion of the N,s35, $50
loss IN Northern Pacific passenger traffic
the last fiscal year to the automobile, the
nEures showing that there is now an au-
iemobile owned to every ninety persons in
the Northwest"
FORECLOSURE SALE POSTPONED,