New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-04-27
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

Indications are that less than 700 shs,..
| OF the American Zinc, Lead and sme,,,.
stock will go to the underwriters IN cor.
| nection with the recent offering OF shars.
at S26 80 a. share The company continue.
to show good net earnings. and the far,
that the new Issue was largely taken bv
the stockholders is favorable.
The advance In Paris retnes, Il Is unds,.
| stood. is based on the fact that the sen,,,
Committee on Finance has decided 10 Az.
clude any imposition on rentes from M.
governments income tax bill. For several
years there has been a campaign in tavo,
Of such an action, and something had 70 h.
done TO relieve the situation created by m.
issue of 4 per cent street railway loan
guaranteed by the government which va.
so generously oversubscribed.
A report Is in the air that the RothschuA
foreign oil interests are planning war IN
America on Standard Oil. and that the ~,
army's headquarters will be Los ANGLE.
The name under which the fight will b.
waged for the Rothschilds will be N.
Indian Refining Company. Land is reported
to have been leased from the Southern Pa.
cifc Company. and San Pedro will be IN.
distributing point.
London is fondly wishing for the MIDI.
Of May, when 1t is hoped the Bank Of Eng
land will be strong enough TO lower its Z
per cent rate. London does not expec,
New York TO take any gold from England
but India may take considerable, and ~
French banks continue to refuse funds n
Germany large gold shipments from tha,
country may cause financial troubls IN
Berlin.
Some idea Of the cost to corporations "a
protect their patents may be gathered from
the statement Of Thomas A. Edison's AZ.
torney. He says more money is spent on
lawsuits instituted to protect patents than
il received from them directly
If all the foodstuffs were sold By auctio,
In New York alone the saving would b.
ssO,0OOoo0 annually, according 70 figure,
prepared by an economist
The production Of the Miami Copper Com.
pany for March was approximately $4,000
pounds, derived from mining and concen.
trating an average of $500 tons of ore
day. The only new construction work a,
present Is the erection Of tower. TO b.
equipped with bucket elevators. for the
elevation of mill tailings About eight hun
dred men are now employed By the com.
pany.
plan OF reorganization has been pre-.
pared by the protective committee Of the
Rhode Island Coal Company. and has oeen
submitted to stockholders and creditors
President Henry NJ. Whitney has also sub
mitted plan OF reorganization. which
provides for the promotion Of a new com.
pany with 10000 shares, par 81. OF which
a sufficient number OF shares would bs
issued to cancel ss37, 900 of floating debt ex.
listing prior to receivership.
Wheat tonnage for Europe since March I
has increased from 35,44O bushels TO g..
s4s 900 bushels, a gain Of %. 900 bushels
The result is that trans-Paciic consign.
ments are not easy to arrange.
The National Surety Company has mads
application for listing $4,000 additional
capital stock on the New York Stock "a.
change. making a total OF 100000 the
authorized issue of the company. This ad-
ditional stock was authorized al meeting
OF the stockholders held on February 2.
and is now ready for delivery.
The Peoples Gas Company, OF Chicago,
has won its appeal from an order restrain
ing II from charging more than 50 cents az
provided by the city ordinance, and can
now charge IS cents a thousand feet until
the case is reversed. which may rsquir,
two or three years. sl'
On May % the New York Savings Bank
Association will hold its convention. Ore
Of the chief topics 10 be discussed Will IA
changing the bylaws so the associa ton
can be divided into several groups. similar
to the system of the State Bankers As.
ISOLATION. The movement TO bring about a
reduction OF interest from per cent,
which some savings banks have paid, has
met with considerable success, as now
more than half the city banks pay 81, par
cent annually.
The advanced position OF women in bus'.
ness was shown recently at a stockholders
meeting OF q well-known corporation IN
Jersey City. A number OF women ATTENDED
the meeting and took a keen interest in the
companys affairs; some Of them fingered
10 the last moment, most unusual hap.
pening az meetings Of this kind.
1t is reported from Boise City that In.
Idaho authorities have authorized seizure
of Western Union property owing TO the
companys refusal to pay taxes, which wers
held to be excessive.
Steel orders for a few weeks have been
large owing to the fact that customers
were informed Of probable advance Of
81 a ton. and II was good business to buy
on basis Of 81 Is level for steel bars ard
81 90 level for structural steel instead Of
81 20 and 81 % The advanced rates went
into effect the first Of this week, and sncs
then on the new level OF prices orders have
been easy.
The exports of foodstuffs by the end o.
April, according to The Wall Street Jour.
nal" will run we'll above s25o,ooooo, max
ing one Of the best seasons in half
decade The feature OF this export trade
during the nine months ended was tne I'M,
exports. The figures for the nine months
are as follows:
NINE MONTHS ENDED MARCH.
B. sS%%ss a.s s as3s s asI 81?
c.nmeai cSbl'1 s S5s 2ss y S9SSss 500
Wheat (Su.h.j 2s76se7s oo.oOs,6sS Ss.ad2s
nhi.1 A sro2sa 7,4es,5ie INs%s