New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-18
BRIEF NOTES Of FINANCE
Paragraphs Of Current Interest
for the Investor.

have Presidents, campaign managers and
money. SO cut out the market.
Purchasing Outstanding Stock.
large portion OF the surplus profits
~ the Studebaker Corporation for the
sscal wear ended December g. 1911, II is
so,d has been set aside for the purpose
., purchasing $4,000 Of the outstanding
,-sferred stock This is being accom-
n,isned IN accordance with the provisions
~ the companys charter. These shares
have consequently been destroyed
Work Other Process
owing to the fact that there as been
az extremely heavy demand placed on the
various rail mills, especially open hearth
GRADES. the market for the SO allied re-
rolled rails has consequently Npanded
cd the progress IN this ola. .s said
70 be increasing. The Western manufact-
u,ers are developing more and more Nhe
making Of the renewed rail, and the
American McKenna Process Company, of
Joliet ILL.,, which has practically been
living almost idle for a decade, has now
resumed operations and will turn out re-
rewed steel rails. The company's capac-
,,v for turning out rails is said 10 be
10000 tons year
Copper Consumption Outlook.
7, Is estimated that the consumption Of
conner in Germany this year Will be y
mar cent IN excess of the year 1911, and
Tits Is interesting, as Germany Is no"
.sn 10 be consuming about 80 per cent
=, the total copper consumption OF Gu
roos The worlds demands will be con-
sdsrably greater this year than IN 1911
according TO the present outlook some
think fully lS0,o00ooo pounds more VIII oe
r>ruired. This will mean q large increase
IN production, which, OF course, can be
esely supplied.
American Money No Good.
A recent notice published by the CO.
,on,al Eovernmen OF British Honduras
ne, caused som, discussion and unfa-
yorable criticism in commercial circles.
The notice says that no United states
money Of any kind Will be accepted as
legal tender in any government. once
Hitherto United States currency mas al
ways been accepted everywhere, the same
az the British Honduras currency an"
American silver and nlcke!s have Zee"
az common as the local coins. NO" ever
thing is in a state Of chaos, for many
the smaller shoPkeegers arc TO-. WIN
the example Of the government and re
accepting only colonys tender, 'lAoH d
the larger firms are stiN Wllan I'D d
the American money I'll, 900. Oh ....
government gives 70, ais -...a mo-.
IS that a large numb. ..
American notes are tu ejaculation .. -
country. Such q ..., .. -....
IN the case OF slg.. .u. ....,- .-.
hut the edict has 4u.. -.... ... ..e
s,nnoen, must b, aa..,.
,,,-.- .s,...., l.....
-..
The price '.- ~.
the United Sta,e7 S.''' .'-
been IN cents q" "
vance Of u Gems eel. ..--.
Laushih .p.....
price lot iaoo'e'- .
that o! Cni'eI H-".'5
that there nav .'. ....
changes IN 'he vases "a
and tonnage men. All.
say that no sucn T"-s1 ORE
at present. and VIII ngl . ...
prices show advances Coh..-r.'..t
the current level own. .' -'.
remely great sho' 20 r,,. g.
Iaugblin has consequently suffered be
cause Of its low price lot 'a'o'
Il ~. WorId.
N'0N .,,
Southern Russia In sp!Ie o.
excess OF rain is reported 10 ha'e
lent growing weather coho'tio"S az.
good crop prospects. On the o'"e' 80
the Crimea has suffered from on az.
rain and reports barley 10 re $780, -,
affected; also the vast region u SUI
Volga. In Central ana Nortne'H
conditions are said TO pc proIiliSii's' ~"
mania has been Favored WI"
which have delayed the cuIulhs % -
but FASTENED the growth o. Corn
Hungarian officials estimate IuII ""'"V
yield from harvest no" III pIosie'S' az
yrench wheat harVests are nom So" "
moderate. Germany wheat MAJ
promises well Alaly - s"iu
vescng IN us ceh''ai -.,.,,
Exports S0 .''ol 49, weotber II is
generally expected that the crops OF
North Africa will be short. and the
United Kingdom reports rather disap-
pointing weather.
~,
Complete wire o0heS"'e'
GahDNt,la