New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-16
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

rho Farmers National Congress ap-
..,s 20 be headed toward a trust that
"a, 1--WE a further boost TO high prices.
4, the closing OF it's session in New
orleans the question Of devising a plan
20 the uniform warehousing of all farm
-o5rcts was discussed. The object of
,tis plap Is said TO be to enable farmers
=, hold their products until suitable or
s,dsfectory prices can be secured. Should
uis MAN material2e and warehousing of
,orn PRODUCTS become a national future,
,,a public would be in the hands Of the
ready former in addition TO the con-
s-ienceless middleman.
The Tin Plate Trade.
The outlook for the tin plate ex-
rort trade is improving, according to
p,t,sblrgh reports. Prices for export
rk,e reached a point where they are at
,rsctiye TO producers, and efforts are be-
,ng made to develop a better export trade.
Z, the plan now being discussed comes to
head. there will be a merger Of several
,odependent manufacturers, and this will
mace the tin plate market on q better
basis.
The Outlook Splendid.
bankers are in a position to note tho
changing moods of business and to see
ahead the coming trend Of finance and
,r6,etry. There seems to be q feeling
among bankers that the outlook appears
n be encouraging Louis kaufman,
,,r.s,dent OF the Chatham Phenix Ma
,ionsl Bank, yesterday expressed his
onlpion that as regards foreign infiu-
enees the United States was compare
ittvely independent. Mr.. Kaufman stated
that monument business men IN Chicago.
: @ Louis, ST. Paul, Minneapolis and the
Northwest generally report that business
an their respective localities was never
better. Mr. Kaufman said: THE crops
this years are exceptional, and in my
opdnion they cannot be moved to market
within q year. Proceeds from our agri-
cultural products, owing TO the enhanced
prtces Of the period, must result in a
considerable volume Of business for sew
eral months at least. I do not expect
any boom, simply a continuous healthy
action in all branches Of trade and in
dustry" In answer TO the question
whether he expected any tariff changes,
MI. Kaufman further answered: Per
sonauy | do not look for any really radi-
cal changes in the tariff The South is
lust entering on an era of industrial de-
Weopment never before experienced, and IT
does not seem TO me to be consistent with
Democratic success TO introduce meas
ures which affect this industrial activity
unfaVorably I am an optimist on the
business situation as a whole"
Equipment Orders Growing.
II is a favorable reflection on the pres
ent position Of equipment companies when
the daily reports show a continuous In
crease In the growth Of orders. Locomo-
tive interests are showing most encourag-
ing returns I'm their reports of orders
booked, and the needs of railroads, when
are becoming more apparent as the car
shortage becomes more pressing must De
srppIied if the increasing volume OF
traffic be provided for
s7 Prospect for Wabash.
II the situation may be accepted at its
face value Wabash is facing a heavy
assessment. and the prospect for the near
future is not encouraging. 1t Is said tha'
the Baruch interests hold most OF the
bonds and have in view levying an as
sessment, estimated up to $40 snare
The Gould interests. it is rumored, are OPP
posing any such move What will be the
result is not guaranteed by the interested
parties.
The Copper Movement
There is a demand for copper in Europe
ana the buying at present is reported to
be the first OF any importance within the
last two months. one Wall Street house
that specializes in coppers says that 1t IS
informed that foreign syndicate offered
above II cents for 100000 pounds, and
that the bid was refused, the demand
urica bning 17al cents. 1t is expected that