New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-22
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

Western railroads are making prepare
,,ons for a big grain movement this fall.
some figures given estimate the number
=, cars that will be required to move the
rheat around the 500. 900 mark Kansas
lone. II is said, will bring into use more
han "a, 600 cars. Several roads have or
dsred new cars and motive power to pro-
,iAs for the expected demands
Acquires New Railroad,
The Canadian Pacific has acquired me
gaIso &, SLOGAN Railroad. of British Co
h,nbia. and will receive a grant of $780,
a6o. The acquired road serves large
number of mines in the SLOGAN and Kalso
mining districts.
Expect Courts Permission.
An order from the federal court AT De-
troit is expected to-day for permission
N pay the interest due on June 1 on the
chicago & West Michigan s5,75S,0OO first
e. Application was made by the receive
Or FOR this permission on Monday, May 20
Out in Indiana.
.. VI. Parry, of Indianapolis the well
known manufacturer. who has gained
muCn puplltllN III NHe past ny HIS position
IN labor matters. Is in New York attend
ing the National Association of Manu-
rscturers. Mr.. Parry in a general talk
on business. particularly in Indiana, had
the following to say:
Not in years have the mills and con-
,umers been so short of stocks in almost
every line, and at any time I look for
sharp Improvement in nearly every kind
OF business This viii happen. too.
think. within the next year. There is an
optimistic feeling everywhere but just at
the moment the political situation is Oc-
cupying too much OF the stage. After
election I think we shall have better bust
ness.
In the last ten or twelve years Indiana
has developed into fine manufacturing
state"
Sugar Situation.
Stocks of sugar in the United states
and Cuba total 625.32l tons, against 6O6,-
SOS tons last week and 57l. 75l tons last
year, an increase of j3,567 tons over last
year. European stocks total 1878. 900
tons. against 2276,O00 tons The total
yisible supply of sugar in Europe and
America is given as 2449.221 tons Last
for the corresponding period.
Limited Borrowing.
One feature Of Canadian banking methods
under the Dominion zone bank" policy Is
the narrow borrowing margin for custom
ers. The policy Of the banks is to limit a
person TO doing business with one bark,
and when a merchant needs money if he
applys to one bank for a loan and the
loan Is refused, his chances of securing
favOrs elsewhere are very small. Such
course would not be welcome in this coun-
Try.
Prospective Dividends.
There is rumor now OF the stock OF
the Guggenheim Exploration Company
being placed on L. per cent annual bass.
This rumor grows out of the meeting OF
directors. which is to take place early
next month. The earnings Of the corpora
ton last year were over IL per cent on
the companys stock and with the ad-
vanced price Of copper il is figured that
the earnings will make a better showing.
The Guggenhem Exploration Company
owns about four hundred thousand shares
Of Utah Copper, and from Utah, on a
basis Of l6ll cent copper. should receive
to which the Exploration Company has
an equity Of s26@5,OO0 in the remainder of
Utah's earnings. Reports are to the efrec
that Guggenheim Exploration will apply
'or listing stock on the New York Stock
Exchange as soon as the plans can be per-
fected.
New Office Announced.
Speculation In Great Northerns official
family is now aroused by the announced re-
tirement of Louis W. Hill, vice-presdent,
and that he will be made chairman of the
executive committee. At present there is
no such committee. but it is within the
range of possibilities that committee Of
this character will be formed and Louis
Hill be made its chairman. one thing
seems certain, and that II that the Hills
father and son-intend 10 remain actively
identified with the Great Northern.
Republic Iron and Steel.
Prosperity has reached the Republic Iron
and Steel Company as per reports The
company's plants are said to be operating
TO fun capacity. and there Is now business
enough In sight to keep the mills running
for months to come
Southern Railway Earnings.
The gross earnings OF the Southern Rail
way Company for April, it is said, will he
around s., 10000 an increase of about $780,,
30 over April, 1911, and a new high record
for the month. Some of the increase Is
from heId-over business from March. but
most of II is regular
Mr.. Run1or at Work.
There is talk about Manhattan Transit
as being about TO show some action due 10
the nffect OF new interests which may come
into control Associated with the rumors
arc reports that the recent financing done
for the Long Acre Light and Power Com
pany. d subsidiary, has close connection
with the present position which friends
ssy Is promising.
EouaIzing tho Costs.
One way OF making both ends meet is
told in dispatch from Washington,
which says that the Bureau Of Chemistry
has discovered an olive oil concern IN n
large Eastern city which, 1t is said. has
been giving full measure at home. but has
been taking out just enough from the
cans which were shipped away to pay the
cost Of shipment. AT the furthest points
II per cent OF the oil was taken out.
Suckers Get Gary.
Gary Ind, is responsible tor story
that thousands Of FISH temporarily
stopped the steel mills by clogging the
intake water pipes leading into Lake
Michigan 4 Wall Street wag who heard
the story remarked that this ~ the first
time the Steel Corporation was ever both
cred by the suckers
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