New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24

BREENOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.
-r weather was fine, but the market
IAN attack Of spring fever. Dan Reid
20 have 10 confer with the big medicine
and have the market given dose of
.o,ething besides Can.
National Lead Preferred.
hare is a rumor that National Lead
mature its preferred stock, which may
dome at the option Of the company on
.srty days notice; S24,667600 of Z per
W., nreferred is outstanding. IL this
ss,,,d be done it would greatly benefit
,'ders Of the common shares. The com
"s,y could replace the preferred with
cent first mortgage bonds. and the saw
=, would equal more than : per cent
car on the common.
Good Earnings Prospects.
rurine the month of April the Shannon
c,,ner Company, It is reported, produced
,s.looO pounds Of copper at net cost OF
,@1L cents and earned $S44O0 net. With
,,n furnaces now in operation, larger
.roduction, with higher price for copper,
,sou,d give larger earnings for May than
April
N. Y, N. H. & II. Sued.
There has been an amended complaint
slsd in the United States District court by
,ix railroad companies against the New
york New Haven & Hartford for deten-
don and use Of cars in 1907-'0s. The rate
demanded is so cents a car a day The
,.nplainant companies are the Pennsyl-
,ona. s207.S5s; Lehigh Valley. S11S,2s3;
central Of New Jersey, s65,404; Erie. S49.-
,2s: Delaware. Lackawanna & Western,
,225Is, and Baltimore & Ohio. s32,226.
these amounts aggregate s49O,25s, which
&c claimed with interest
Big Cotton Exports.
The big movement Of cotton abroad
hrought q new high-Water mark yesterday.
when cotton exports crossed the ten mill
,on bale figure. During any season prior
N This one the heaviest exports on record
we're s.7S3ooO bales in the season OF 1904
1905
Yesterdays exports brought the total so
far this season up to 10.00S. 900. and there
are three months yet to go. 1t is estimated
that exports for the entire season will
smount TO at least 10.500,0O0 bales.
German Pig Iron Production.
April figures for pig iron production in
Germany show a new high record. Total
PRODUCTION was 1.427.559 metric tons, an in
crease Of 5 4S3 tons over March, when 1.424.
Gs tons were produced. Production during
april vas at an annual rate Of approx
nately l7,13l, 600 metric tons, compared with
yearly rate during March OF approximate
~ leG0ro0 tons.
New Ice Bonds.
The American Ice Company is reported
10 have called stockholders meeting for
NAY 81, to act on an issue OF Ss,5oo,ooo bonds.
OF this amount $4,000 Will be used for
the immediate retirement of the $4,000
bonds Of the company which mature In
February. 1914. The remaining $3,50oO
will be used for other underlying liens This
new issue will be of thirty years duration,
and IS expected to he entirely sufficient TO
cover all needs.
Deny the Rumor.
There has been q rumor that the Jersey
Central would build a tunnel to New York.
The officials Of the road deny any contem-
plated move I'm this direction, and also say
there has been no extensive buying OF real
estate In the Lafayette district of Jersey
City. which report was also circulated.
Bonds All Sold.
tbs announced that the $751; ST. Louis.
Rocky Mountain e Pacific Company first
mortgage 5 per cent bonds have all been
sold by a local banking house. which Is
taken as a good sign among bond houses.
Taking Air Flights.
The United Cigar Stores Ike balloon
ascension. has been taking some air flights
on the curb The stock reached 925 yester-
day the highest price Of the year
New Georgia Merger.
Adyices from Atlanta state that 5000
30 merger OF Georgia cotton seed mills
has been announced as having been finished
Nv local capitalists Mills in Atlanta, Val
dosta. Dublin, cambridge. Madison ana
other towns have been taken over The ne"
corporation will lie known as the Empire
Cotton oil Company.
March Operating Revenues.
According 10 the Bureau Of Railway
Economies the aggregate of the operating
revenues for March showed an increase Of
81 ss1 q0|. as compared with March. 1911,
for On nor cent Of the steam railway mile
age Of the United States. Operating eX-
penses showed an increase OF $l2'l'-'oH an"
net operating revenue an increase OF >''''-
N7
Bookkeeping Facility.
Tho National Enameling and Stamping
COMPANY has declared the regular quar-
ferlv dividend Of Ia per cent on the pre-
fer,ed stock for each Of the last two quar-
,ers Of the calendar year 1912. payable
geptembcr - ard December q, respec-
lively.
This declaration is explained by a change
b. the company Of IT'S fiscal year, hereto
fore ended June 50 20 the calendar year
and has been done to facilitate the COM
pany'S bookkeeping, oeo l'uela' SOi P'i avn
end state tax returns are based on the
calendar year.
Great 5ritain's Commerce.
Returns Of the Board Of Trade for April
sive exports Of iron and steel from the
United Kingdom during that month as
-. SO tons. Total exports for the first four
months 81 1912 we're 1851 tons, against
exports Of f.5205O4 tons in the correspond
ing period Of last year. Imports OF all iron