New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-19
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the investor.

NO" ssorts IN improve the efficiency oil
thsi .,,o,,,nations will he appreciated by
oS" hanging public. even If its stringency
he objected TO by the bankers Like
.,s reference 10 a little learning, a
ivy, rrotsction is a dL lgerous thing, so
w.. time that some banking institutions,
~ a. least which are inclined to be
uO' ',oss with the public's money, should
~ oven some rigid inspection
Eric is Coming Back.
bear old Erie is coming back contrary
,ns general belief in this passing age.
'1,nToveuents have been going on for a
,aag lime, and It IS estimated that by
. .s" ,bo road will have gone through such
Conformation that the term 'old Erie"
-, 10 replaced by new Erie" After
VI yrade reductions and Examinations
-. taken place Erie will have ruling
81 for most Of the 999 miles Of per
o., The cost OF these improvements
an no 80 Oo0. 900. and when completed the
,.y..,npnt should prove TO be a most
n,os,able one, as. together with equip
msnt facilities, the tonnage capacity OF
~, road will be increased about 10 per
cent.
Canadian Paeifio's Strength.
Canadian Pacific has enjoyed remark
AL. prosperity during the last six years.
saving more than doubled Its gross earn
,rr, IN that period. Surplus earnings have
,,so doubled. and the roads increase OF
,rssht tons per mile In the last fiscal
var was 2Ss per cent more than the
n,syious year The total mileage OF the
canadian Pacific is over eleven thousand
Mis-, ana the company has over twelve
hun1red miles Of road under construction.
Ths present land holdings OF the Cana
s,,n Pacific aggregate nearly eleven and
ons.halt million acres
Westinghouse Air Brake Company
In view Of the fact that application has
ham made to list the stock of the west
,rrhouse Air Brake Company on the New
york Stock Exchange, the last annual re-
po-4 OF the company will be found inter-
,,,,ps, For the fiscal year ended July
ii nat earnings were not as good as 1s10,
bu, that was the best year In the COM
psnys history However, the statement
tor 1912 showed en- increase Of ss54,S00
oyer 1911 aud total net earnings were
t,ss9,oOQ. Deductng depreciation charges
and pstsnts purchased the balance was
as7s1OO. OF over 20 per cent on the
Gisss,0OO outstanding capital stock OF
the company The company has ample
working capital, and its business Is re-
ported to be showing continuous growth,
Southern Peach Shipments.
Reports from the Southern Railway
Company show that for this season the
road shipped 1894 cars Of peaches, COM
psrsd with s26 cars In 1911, and 4.sao In
1910. OF this number 4,eaS cars origiaat-
ID at points within the State Ok Georgia
in 1912. 4,4OO IN 1910 and 74j In 1911,
the remainder coming from points In sd-
jaosnt states and being sent 20 market
with the Georgia product The total
movement Of peaches over all lines for
isi1 is given as 1879 cars
OF the l,9s3 cars handled from Georgia
points Il Is interesting to note that 1850
cans went to Eastern markets. being ham
died In SOLID trainloads from Atlanta TO
Washington. 8ig cars 20 Western markets
. and cars 20 Southeastern points. or the
! 81 ears handled from points outside
Georgia sixty cars from the section about
Hsleyylle. Ala. went West and the re-
msinder. originating OF points In the
CarolinsS went East. These figures
show that the East Is the great market
for peaches from the Georgia territory
and the fast service afforded by the South
en Railway. by which the peaches are
hurried to the Eastern and Western mar
kets on passenger train schedules. has
been vital factor IN the development OF
thls great industry
The Coal Situation.
Reviewing the state Of trade, The Coal
Trade Journal this week says that
steady improvement IN business condi-
tons Is clearly the order OF tho day
Let Us attribute It TO the good crops or
10 lack OF apprehension concerning the
political outcome or simply 70 normal
recovery from the collapse OF 1907 and
me various difficulties that ensued, the
TACT romans that we are now on q new
ana batter tack ana the coal trade feels
'ns results thereof IN every market. Ri.
msnd nom factories and transportation
inssrsF1 has been growing particularly
ias' IN the last six or eight months and
now much larger than ever before. An
increased demand FOR coal FOR the do
mesuc trade In also natural. normal cir
eufnstanoe, surs 70 prevail each year
Nhen business conditions are good. An
hfaeite. Of course, occupies an unusual
pVsuon this year. II shares with soft
soai N The Improvement due to gains In
ne ned Of commerce in general IL world
vice condition. one might say). but the
ssin Is hardly welcome one because OF
shortage Of supply. Still 1t In welcome
=! hose who look ahead and now discern
conservative bonanza OF we may coin
.ns phrase in anthracite for the years
70 come.
yin steady tightening UP Of car supply
slo availability Of labor It IN becoming
aese evident Gil the time that the supply
SOFT coal cannot be much augmented
my one year, despite the vast under
s'euno reserves thereof. AS this fact
wrought home to one and another the
,AH'nne value Of the available tonnage
'as'esses and prices are gradually rising.
renewal Of the season Of mild weather
Tor the time being come to the res
ss Of the trade in the Western states,
Is very evident that any inclem-
Vy such az might develop at any time
~'VIn now ON would NUT a psrv diffavapt