New-York tribune., 1912-11-19
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

preceding the opening of the convention
- the Investment Bankers Association
:. Thursday and Friday of this week
-. members will be the guests of the
american Bank Note Company, on Thurs
5.v at $3.50 a. m They will make a tour
- the plant and will see the physical safe
.,srds and safeguarding methods which
surround the production of not only Amer
,..r securities but the currencies of many
gusrnments.
lreIand's Foreign Trade.
Tho eighth report on Irelands trade
an countries beyond the sea shows a
,.r,e increase since the publication began,
rs ..The London Statist" In 1904 the
...,ua Of the imports was E54, 46O,1S2. In
,s,t the value had risen to E66. 1872, ,6S4, being
ar increase for the eight years of fl2,272
,,9 or 2z5 per cent. The value of the ex-
',,s IN 1904 was f49.7S4,76O. Last year IT
.,,opnted 10 f55, 2OS,O41, showing an in
craase for the eight years of as much as
i-5gg2gS1. or 81 per cent. In 1908 there
,ras a decrease compared with the pre-
,.sing year both in the imports and in
,bs exports, but the increase began again,
and we are told that the decrease in 1908
was due TO a fall in prices. Indeed, the
-eader Is warned in the report that a
large mart of the increase all through is
dua 10 the steady rise in prices. The rise
began in 1897, and, with the exception of
,.S 3 has gone on ,teadily.
Call Money Tight in Canada.
Not for q great nrany years, says THE
rypancjer." has call money been so tight
in the principal centres in Canada as It
&c at the present time. Business on both
the Montreal and Toronto exchanges is at
stapdstin owing to the inability of local
stock exchange houses TO obtain money
with which 10 take on additional business.
The reason money is so tight as compared
With previous years is that in the last few
wears. when money was tied UP in Canada
owing 10 the crop movement, funds were
available from New York and Paris, but
this year It has been found impossible to
bring in outside funds to lessen the local
stringency.
The Steel Car Age.
In q short time the Pennsylvania Rail-
road will have ready for use on its sys-
TEN a total of 2,S72 solid steel passenger
cars. representing an expenditure of about
SpM0Cl0 These cars have been added TO
the company's equipment since June, 1906,
when It was announced that all future
additions 10 passenger equipment on the
Pennsylvania system would be of all-steel
construction.
The lines of the Pennsylvania system
on all Of which steel cars will be oper-
ated include the Pennsylvania Railroad
lines east and west of Pittsburgh and
Erie. the Long Island Railroad, the Cum
berland Valley Railroad, the New York.
Philadelphia & Norfolk Railroad, the Van
dalia Railroad and the Grand Rapids 81
Indiana Railway.
For several years the Pullman company
parlor cars with which to equip the
entire Pennsylvania system. Already
there are in service 362 sleeping cars, 12l
parlOr cars and 81 combination baggage
and parlor cars of solid steel con-
These $40 cars are painted the
standard Pennsylvania red. There are
steel Pullman cars operated on
the Pennsylvania in connection with the
Southern roads. These are not included
in the above number
Each Of these steel cars weighs over
llsO0O pounds, as compared with 5000
pounds in the standard vestibule wooden
coach. This increase in weight very
greatly reduces the vibration of the car,
thereby adding TO the comfort of passen-
gers. The car is on-collapsible, its prin-
cipal feature being central box girder
twenty-four inches wide by nineteen deep
throughout the entire length OF
the coach. This girder, in collisions, pre-
vents telescOping. The car is fireproof,
only about 125 pounds Of wood,
which is used for window frames and arm
rests in the seats.
In the steel equipment now in service
there are 1888 coaches and combination
passenger and baggage cars, 6S dining
cars, lH baggage cars, l59 postal cars, "a
baggage and mail cars, II Long Island
Railroad paTlOr cars, 4 miscellaneous cars
and go Pullman cars. In addition TO these
there are on order or under construction
az the present time 296 steel coaches, l8
steel dining cars, % passenger and bag
gage cars, baggage cars, 4 postal cars,