New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-01
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

Paragraphs Of Current Interest
for the Investor.
-A. Maine Central has fled a formal no.
49,. az Augusta. Ne. OF an increase In the
..o,ized stock or the company to
,,kOoo.cH
To Be Reoreanized.
ps,tlbone, Mulliken & Co. of Chicago
:. "a announced, is TO bc reorganized. II
~ ,ronosed TO retire the present common
80 issue Of 100000, provide for the
..,,,enent Of the present outstanding pre-
.S~r.d and issue three classes OF stock
r.. nresert common is retirable at no.
rh. deal involves payment OF the per
49,. d,v,dend. which. in effect, will make
r.,,r,ng price u.s. Tho stock has been
ling 10 per cent and, it is said, is enti-
~, N much larger earnings. The stock
Mil be cumulative
Nav Canadian Cement Company.
WON, Toronto is a report that Joseph 5.
,ursn and Charles Irwin. of the lnterna-
10, Portland Cement Company, and Sir
esns,ord Fleming, of Ottawa, with United
S,otss and English CAPITALISTS. are organ
ling 100000 corporation to enter the
rora6ian field on q large scale as an active
.or,nstitor Of the Canada Cement Com
.anv organized by Sir Max Aitken. The
,ornsny will build number of modern
,f.rts East and West and will use new
nrocess. Sir Sanford Fleming last winter
..v.relv criticised the Canada Cement Com
many and asked the government to invest-
,o,a ,ts methods Of financing.
Financing Plan for Mines.
cspada's new mining corporation in proc
a., ~ development. TO be known as the Ca
,sd,an Mining and Exploration Company,
and 10 be incorporated under the laws OF
N. Province Of ontario. Will put into execu-
zion new feature of mining development
u. nominal capital of 100000. half paid In,
a, is nresunned is for the purpose OF Sc
,eetirg and developing mining properties
,rsesnted which have favorable showings.
although the plan OF the organization has
,ot been definitely announced. The com
nanv. II is stated, Will not do any prospect
Inc and the paid IN capital is not to he used
ether than as a fund which will be per-
retuity in the sense OF an earning power
%, the organization, its principal not to be
Touched TOT UlldHClIlS purposes. nv fN'N
a, csnitsl will be invested in high grade Sc
eurities and the interest used FOR general
aevelopment The men behind the move
m.nt as reported. are we'll known Cana
dian and New York bankers and mining
men. and two offices will be maintained.
one IN Toronto and the other in New YORK.
through which all company affairs Will be
conducted.
Furnaces Behind Orders.
Reports from Pittsburgh say that mills
and furnaces have fallen far behind on de-
Nyeries, and predict that unless there is
letting up in specifications delivery fall
ures will become general. Some OF the fur
nsces are said to be ELK weeks behind
Prices have not changed materially in
mig iron. but the market is firm and fur
naces have all they can handle for the next
few months.
The Hampton" Fiaseo.
The failure OF "Hamptons Magazine
was not unexpected. One instance OF the
failure of "Hamptons" as paying maya
zine property vas not sufficient: SO alter
the suspension Of the magazine last OCTOBER
more good money was put into the PROPOSE
lion and s2,SS7 900 contributed by over-cred-
ulous stockholders has now passed 10 the
great unknown.
Brazilian Financial Company.
4 company has recently been registered
in London under the auspices of a strong
financial group with the title of The Bra
lillian Trust and Loan Corporation, Ltd.
The capital is &. 10000, and Of this f2oO.eeo
which Is all that is intended to be issued
AZ present, has been privately subscribed
The company will undertake all classes OF
financial business. especially In connection
with Brazil The directory is reported 10
include men Of good financial standing and
business integrity.
Losses from, Coal Strike.
II Is only reasonable TO expect that the
PENNSYLVANIA, New York. ontario q VEST
ern and other coalers will show consider
able losses for April. The latest perlou lor
which statistics are available shows that
the PENNSYLVANIA carried 12,SoS.oW tons OIL
freight, and Of this amount S,J0S,VvO tohS
we're products of mines. With such large
production Of coal TO the total amount OF
traffic. earnings should show large losses
owing 10 the conditions which existed IN
April.
The beginning Of May saw resumption
Of coal mining, and coal traffic now Is
moving freely. Earnings OF all the coaiers
should exhibit improvement for this month
as compared with April.
TELEGRAPH Tolls in Canada.
Investigation of telegraph rates, accord
ins to Ottawa advices, by the Dominion
government is nearly completed The gov
ernments agents are prepared to combat
the contentious of the Canadian Pacinc'
Great Northwestern and Canadian North