New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-10
Oil Fuel in South America.

IN tne Balkans ana the Otner was thdI
long hit made by Speaker.
Oil Fuel in South America.
In the South American countries. oil is
rapidly taking the place Of coal as
popular fuel. II is estimated that by the
time the Panama Canal has been opened
for commerce there will be few boilers
along the Pacific Coast Of South America
using coal as fuel. The experience along
the western coast Of South America dur
ing the last two years has demonstrates
that the use Of oil is more economical
than other kinds of fuel. Coal is not
mined in any quantity on the whole South
American continent, and the introduction
Of oil was n great stimulus TO the nitrate
industry and other interests.
September Silk Imports.
The silk imports at the port OF New
York, subject 10 duty. for the four weeks
ended September q. totalled Se,4p,4ss, as
compared with s2.3O0s9 for the same
period in 1911. These figures embrace all
classes Of silk products woven in the
piece and manufactured IN various FORMS
Northwestern hallro2us,
The news bulletin of Thompson, Towle
g. Co. saws that the Northwestern rail-
roads this year give promise OF establish
ing new high records OF earnings. as never
before in the history OF the country have
crops throughout that section been more
favorable. This element insures heavy
tonnage for all roads and consequent big
earnings. Northern Pacific is also max
ing handsome gains In earnings, ana
highly satisfactory year is also expected
for this company.
Nicaragua Banana Promotions.
All the unreliable promotions do not
come from the United states, as is shown
in the following consular report from
Nicaragua:
Aside from the legitimate companies OPP
Grating on the Atlantic coast OF Mica
ragua, there are number OF fake com
panies which are unloading stock on the
American public This consulate has re-
cciyed a number OF inquiries In regard 10
these fake companies. some OF which are
not even known here BY name. The pro-
moter OF q company will come TO Blue
fields. secure an option on tract or land'
return TO the United States or Canada,
send out broadcast glowing circulars re-
garding the enormous profits in banana
planting, and then sell all the stock no
can dispose OF. Offices are furnished
clerks employed more false statements
sent out, but not even hut Is erected
on the site OF the so-called plantation or
a banana plant put In tho ground.
After q time these options expire. but
the companies still continue 10 sell all the
stock they Gun until they arc forced to
retire Then the stockholders realize that
they have parted with their good money.
The pity OF II is that the widows and or
phans are usually the greatest sufferers
by these fake companies"
September Anthracite Shipments.
Reports show that anthracite shipments
last month amounted 10 6.s76.i9S tons. ON
increase OF 1853 tons over September.
1911, and established a record for Septorn-
Der. The figures, II 10 said, would have
been sull larger except for the strike In
the Panther Creek Valley, where several
thousand mine workers walked out be-
cause. two or three refused to wear union
buttons.
The Philadelphia & Reading Railway
was the largest shipper d.is4.5A tons). the
Lehigh Valley was second O.i6s.e4s tons)
and, tho Lackawanna vac third 6SI2lj
tonG. The tonnage OF the other roads
were as follows: Central Railroad OF New
Jersey, ea1.263; Erie. sS9,oo6; Delaware &
Hudson. 57s,D2: PennsyIvania Railroad,
S2i. 7A: New York, Ontario & Western,
2l2.1G~
this year amounted TO A,s35,21e ss com
pared with 6l,S7e.S79 tons shipped In the
period OF last year, dc
crease of s,5l.1so tons. The falling of
was caused By tho suspension OF work at
the mines In April and Ma.