New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-06
Brief NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

parauraphS Of Current Interest
for the Investor.
,,r.s may be made 10 prove almost any
--oaosition, and traders can either take the
,be bear side and prove a technical
..,-,on Tho argument advanced by the
S|.,essional bulls is that there Is no supply
stock in the commission houses; conse-
OF SIT. the buying demand has absorbed
,ock On the other hand, such con-
Wv ~. suggests that the pool interests have
w., ,,sen able 20 make any distribution and
nv ..s cost so much money to put the
.rket up that the pools will be discour-
IS and dis I've; then the market will go
~ There are two sides to every ques-
LARGE Deposits Made.
,acording to reports from St Paul the
si,s Of the postal savings banks of that
IS, ~ the present time and including
.S anntb Of May are estimated to be near
~ scec"
nw YORK Telephone Payments.
..,.,css from Boston say the gain OF
nnooo an balance by the National Shaw
w., Bank az the Clearing House was Ivy
III of payments for New York Tele-
phone bonds
Tss call for loans had increased consid-
-.n,v bv those banks that lost to the Ma
.,.,si shawmut. ON the other hand, note
,-.rsrs have teen paying Off loans for the
.sson that they have sold commercial
paper
go, High Price of Milk.
vero-ts from Chicago assert that milk
-5,ss NJ this city were iixed by the Borden
s.r,nany from New York was the testt-
- ~ President Richmond. of the Rich
-.ori.spith Company. independent milk
h-osers. who also told tho City Councils
r.slth Committee that farmers received
"a cents more q hundred on milk sold
.S,onrb brokers' than when sold direct TO
the milk trust.
Increase in Capital Stock.
The Stock Exchange has received word
,,.,, the United States Rubber Company
=, ,he proposed increase of its capital stock
,,or, 81. 10000 20 100000
Very Hardy Wheat.
From 81. Paul the report says that IN
North Dakota the wheat has roots twice as
,o,g as ordinarily. There was about four
,r.hes Of rain over North Dakota during
NAV. and the wheat, which was practically
al sovn before the rains. has had an eX-
c.uent opportunity to terminate. lndica-
tons thus far show that in the north half
~ North Dakota wheat has made better
rrogress than up 10 the same time during
The last ten years.
Good Work OF Steel Company.
From Philadelphia report says that the
bethlehem Steel Works registered their
highest record Of production during the
menth Of May. The Saucon, II is said
made and shipped 5000 tons of finished
steel. the open hearth department manu-
f.rtured 5000 tons OF ingots while there
were 1000 tons OF armor plate turned out
ard shipped to the Philippines. Argentina
and Italy within the last month.
=, To Expend $4,000, 900.
II is said that 100000 will be expended
by the railways In and around Montreal.
Canada. within the next three years. This
large outlay is being undertaken By the
Canadian Northern, the Grand Trunk and
the Canadian Pacific railways, with the
Canadian Northern assuming over half OF
the expenditure With the formal accept
snce OF the plans for the tunnelling Of he
mountain. the Canadian Northern Railway
expects 10 begin operations early In the
sprirg upon the gigantic task which IL has
undertaken.
Report Not Confirmed.
sFhoss in touch with the Colorado Fuel
and Iron Company in this city say they
have no knowledge Of q reported new SOD
O00Oo corpora ton said TO be forming TO
take over the Colorado Fuel and Iron Com
pauy and the Colorado Industrial Company.
Colorado Fuel and Irons charter expires III
October. and il is thought that the company
will then apply for a continuation of the
charter from the state. 1t is not unlikely
that the Fuel and Iron Company will con-
solidate with the Industrial Company. since
il owns all OF the stock OF the latter
Western Steel Tsnele.
+, The Western Steel Corporation promoter
is in legal difficulties and is being sued to
recover alleged losses due to fraudulent
REPRESENTATIONS according 10 news from
Seattle. The wonderful shrinkage in the
value Of supposed assets Is very remark
able, and what was claimed as Al@9'6j2
value is now said to be worthless Ivy the
cOmplainantS.
Pay or Don't Ride.
Pay-as-you-euter cars evidently are in
ducing the public some public, to get out
the nimblc nickel before taking ride
Additional orders in cities using these cars
and some new business are reported as haV-
ing recently been obtained. The cities
enumerated as giving orders are Detroit
baltimore, Washington. Oil City PENN
and Augusta.
An Apparent Discrepancy.
b the discrepancy between the Copper
Producers figures and the report based on
the smelter output there are several factors
70 b considered. and amorg them Is that
the smelter production as given by the
shelters is reported in blister copper aver
aging around SO per cent and some as 10"
as 80 per cent fine, while the output or the
rshneries is given in electrolyuc copper