New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-04-25

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for influencing the market sentimentally.
The Panama Canal will afford all sorts of
rumors. which. supposedly, will affect our
| commercial interests. This will give the
| bulls and bears another bone to quarrel
| over. and the public will be entertained &C
cordingly
| II the objects of the National Chamber
of Commerce OF the United states. just per
fected are achieved. We shall have dis
trlbuting bureau ut Washington which will
be in touch with the commercial interests In
/ every part Of the country. panoramic
/ view OF actual conditions will be more
beneficial than. the provincial one. usually
! found in every section If the nation. not
excepting Wall Street
/ The ruling Of the Supreme Court NJ Texas
| that cotton receipts IN their present form
| are non-negotishle is causing anxiety 10
cotton buyers compress men and bankers
/ Of the Lone Star state. The affected inter
ests are now devisins a plan which has not
| been disclosed for overcoming the legal OBJ
| stacle. A conference Of cotton buyers. com
press men and bankers. held In Galveston.
will develop som. move II remedy the stu
alton.
| The May disbursements ~ interest and
divderas will reach s3s. o96 992 an increase
! of S7.495117 more than last year. according
10 The Journal Of Commerce s. compila
! ton. This will he the returns from invest
| ments in railroads Industrial and traction
corporations
| The New York Custom House reports ~
exports for the week ended April 90. OK
| elusive Of specie, and comparisons with
1911. are as follows;
Exports for tn. -e.k. o.. sls,2e4 547 $50 o44 49,
Previously reported ...... -" o153a% 90. 90 ga
Totals ................ s2sS $40 TO s247 c7f las
Another mining organization is now IN
! the hands Of d receiver. The Manhattan
! Securities Company, with liabilities Of $40,
! ga, has finished it's course Of business. Its
| assets consist of stocks IN 11lks Realty and
/ Development Company, Tuscarora Nevada
! Company. Gardner Crusher Company. Civ
| en- as nominal assets Of 81 $500 The min
! ing promotion business seems TO be slightly
dishgured these days
| a 100000 public utility the Tennessee
! RAILWAY. Light and Power company. has
| J
4hc largest corporation in the history Of the
state. The names Of the promoters so far
are not given
The report from the woollen trade on
| carded woollens Is most encouraging. Soy
| eral mills are said 10 be sold so far ahead
/ that only comparatively moderate mum
! her Of duplicates can be accepted. Those
! in close touch with market conditions say
! there is not as much machinery in use on
mems wear woollens this season as for
merly. due 10 the number OF woolen looms
that are being employed in the production
OF women's coatings.
| Cotton planting will go on briskly as the
weather continues TO be good. but there IS
| great necessity Of improved methods OF
planting Tie old darkcy with his mule
must give way 10 up-to-datc methods 1T
preparing the ground and seeding With
improved facilities a little bsckwardness I'm
planting time would not be such a bull fac
! tor.
The earnings OF the Aurora, EiGin &
| Chicago Railroad Company for the nine
months ended March 81 are OF interest $
showing what is developing in suburban
! railway affairs The reports show a gain
| of So, 1876 in gross and Of S0.l2i I'm net. "a
compared with the corresponding period Of
the preceding year. owing TO an increase
! Of s216i5 I'm the charges for interest and
taxes, gain In surplus Is cut down to
s23479.
Reports from London mention Major n
| W. Leonard as the probable successor Of
G. NJ Hays az president OF the Grand
Trunk Major Leonard was formerly with
the Canadian Pacific and - now chairman
of the Transcontinental Railway Commits
sion. In Montreal the belief obtains That
the vice president Of the Grand Trunk. Il.
j Chamberlain, will he the new president
Indopendent steel companies are com
munIcating with the Iilll interests regard
ing the Great Northern ore beds when the
lease with the United States Steel Cor
poration expires. James j. Hill, according
10 public statements, has never been much
worried about finding a market for the
Great Northern ore, and the indications
seem TO he that the independents VIII be
using the Hill ores.
Pittsburgh, which contains one OF the
most active press bureaus on steel ever
known. IS now sending out bull reports on
iron and steel prospective orders Inc lat
est news is that inquiries are coming in FOR
approximately 100000 tons Of pig iron.
The report says that some OF the smaller
independent furnace operators have sold
their entire output and therefore are not
I'm the market. II is also suggested that
priccs are being cut to stimulate buying.
| The labor situation in Chicago has been
| crystallizcd, according TO reports The
, wages of building laborers have been ad-
vanced 2la cents 10 20 cents an hour, and
ca,sson diggers 10 so cents, effective juno /.
This action clears up the building trades
labor situation and leaves 100000 worth
~ construction work clear Of all labor
agitation. Sympathetic and jurisdctional
strikes are forbidden by the new contracts.
The break in Kansas City Southern
caused Wall Street to wonder what the
ec,ling means All sorts OF theories were
advanced. including passing Of preferred
dividond. and even reccivership. Probably
tho hest reason TO be assigned Is that the
road has been severely affected by the food
o, the Mississippi. along when IL runs Tor
1ulte a distance.
II s. TREASURY FINANCES.
hn N ~