New-York tribune., 1912-07-14
Brief NOTES OF FINANCE
paragraphs of Current Interest
for the Investor.


,.., all, the bankers have the upper hold
A''' noor mortals who have to borrow
On Us Trst when money was being
none9' IN. stock market and rates were
throw" :. ras shame TO take the money,
20 10" n,ars discover they need some funds
the pSi' n come Stock Exchange loans. OF
ino the borrowers got theirs and the
soass got the money
Have Ratified an Increase.
,.ockholders of the New Orleans.
Im A Mexico Railroad Company, which
TsAS is controlled by the St. Louis &
pr-ancisco have confirmed an increase
san capital stock from the present So
moo TO $4,000.
Erie Has Given Car Order.
ding 10 several current reports
,n Wall Street, the Erie Railroad
hsV has lust ordered fifty Mikado
Co~F ,-.;,bt locomotives and thirty-siX sur
w passenger coaches, and the road Is
p@d 10 issue 81, 10000 equipment trust
s,nd, to pay for same.
a Gratifying Confidence.
,,...,au Field & Co. OF Chicago, say. as
% that the condition OF business in
p'v lines Of dry goods is quite encour-
.eThe volume OF business in bur-
,d other textiles used by manufact-
'asrs reflects gratifying confidence In
s..r-s conditions. Advance orders for cor
,.,rs ,- yelvets and velveteens have been
49,. and promise to run we'll throughout
'as" oson Market on domestic cotton
va, continues very strong, with upward
p~a.rcy The notable sales Of hosiery and
',.Sss especially silk, show steady in
crosse"
a Decline in Revenue.
According 10 the June estimate OF the
,r..,.rn Union Telegraph Company. the
y. ,.venue for the quarter which ended
.hst month. was S1,144.2o7, a decline of
,ys ,s from the last quarter, ended March
= The net earnings for the nine months
= .,s,d March 81 last were S76l6O6, or soSS'-
"a greater than the same period IN lsll
:. that the eleven months net increase OF
,s,T,, is a decrease Of s4Os,1o from the
'-ount shown at the end Of the third quar-
N'.
Baltimore & Ohio's Increase.
r,s forthcoming annual report Of the
,,,,,roore & Ohio, II is hinted. Will be about
~. hest ever put out by the company IN
mint Of gross earnings. the balance avail
.vs for dividends, and the wonderful prog
,,s. IN the showing development OF the
,,rnany's efficiency Preliminary figures
,,dcste gross earnings of sS259i,3oo, an in
.,..sa of s45oo,OoO over 1911. which was the
h.st and of which s2,4s6ooo was saved OF
me gross for net, and the balance available
d, dividends was equivalent to 81 5S a snare
a, common stock, after taking care Oh pre-
,.rred dividends. In the 1911 fiscal year
sg was earned a share Of common stock
Merger Thought Impossible.
r,s merger Of the Alabama Consolidated
Goal and Iron Company and the southern
IRON and Steel Company is quite Impossible
oztng 10 the appointment OF receiver lor
N. Alabama company and the default on
,ss bonds, according TO the reorganization
committee Of the Southern Iron ana steer
Company. The alleged plan of the commit
ps II is said. provides that the security
sold.rs should buy In the property ana op-
.,.,. II with the object Of securing the
.,.,.s.arv money In time for a thorough re-
wsanIzation. The stock. according to the
ran is 10 be held in trust for fve years
According 10 agreement the Southerns Sc
urlty holders are to receive the stock OF the
new company, the noteholders receiving par
for mar, the bondholders so per cent OF
th,ir bond holdings and the debenture hold
ss 20 per cent Of their holdings
Women's Clothing Figures.
Governmental census statistics giving the
estsils of the manufacture OF women
,o,hine are contained in condensed form
IN an advance bulletin issued by the Bureau
a, the Census. The industry was. In net
value Of products, fifteenth in rank IN tne
last census year. In 1909 there were 4ooo
,rablishnents in that industry. The totaI
number Of persons thus engaged was 49,
t,l. and average number of wage earners'
1919. The primary horsepower was ZZ'-
,,.. capItal involved, s12e. e.s01,o67; total
expenses, s341,4S9,256; value OF produc's'
t,s4.T51.s49. The value added by manu-
tscture was s175.9e3,423.
The Du Pont Split.
In breaking UP the z. I. du Pont de Ne
uours Powder Company into three organ-
psuons. in accordance with the recent de-
cree the two new corporations Will be gwen
a capitalization Of nearly s20,oOO'OoV' anu
VIII be divided as follows:
c.n,.Dv $3.50 sSS COO ,5.S5Sooo S9Se SIS @SSS @
conpeny B.. 3,500,OO0 100000 HVoo'oVo
According to already published reports the
common stockholders Of the old company
viii receive e dividend Of 500 per cent as
q result Of the dissolution, the disourse-
nents to consist Of all the s1o,ooo,ooO new
stock plus $4,000, 900 Of the bonds.
improvements at Sharon.
tits said that many necessary improve
nents under way by the steel companies
mean not only enlarged operations OF
better and more permanent character but
the immediate spending Of millions or DOL
lars Improvements at the Edgar Ihoihp-
son plant will cost sS,ooo,oOO' ACCORDING
10 reports, and the Midland plant OF the
Pittsburgh Crucible Steel Company 10 Do
ing considerably enlarged at an expendi-
ture Of approximately, s6,5oo.o0O. the
latter company. IT Is expected. VIII soon
erect FIVE hundred dwelling houses. The
Pittsburgh Steel Company is said to Dc
Spending several million dollars In the
erection Of new blast furnaces and mills
u Aonessen, which when completed VIII
asosd employment to about twenty-five
hundred extra men
Now Limo Chartered.
new Canadian transcontinental line
With Fort Churchill as terminus on the
east and Port Essington on the west has
already been chartered. The new road Is
Nlns financed by British capitalists. VINO
mold federal charter. which provides Tor
eighteen hundred miles Of new railway