New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
The General Situation.

'a would have a capital Of
N,eocG
The General Situation.
,..aor the heading above Wagner Dick
~ Co. have the following;
~, e considerable time since mon
=. considerations have called for seri-
discussion. and the exceptionally poor
49, statement last week, coupled with
n' saysnce in call and time funds, bring
=, ,be latter TO 505i4 per cent for three
to months accommodations naturally
- some tentative selling of stocks,
,',,,,s the rebound such issues as Sears
s0.b,ck. stimulated by rumors Of
e,,a, increase in capacity to meet re-
'u,rements Of the parcels post and Next
80 Petroleum, as a resilient specially,
80. achieved new high records. Amer!-
:, SNUFF has increased It's common stock
T,Iasnd 10 what is believed TO be a Il
:, cent basis. and the Texas Company
=. Increased its payments to stockhold-
:, % a rate Of 6 per cent. There is a
,r,l Of some fifteen other listed stocks
.,ofsbly 10 benefit soon from enlarged
brA disbursements, and II is this situa-
dan supported by continued brilliant re-
,,,,, from business circles. which fairly
assets such apprehension as may be felt
with reference 20 money.
steel and iron prices continue n al
|,snee with United states steel earnings
,,r the final quarter of the year eSti-
mated al above S55.oo0OJo. President Far
-.n states that prospects in iron and
rs.l are brighter than for two years
,ast. Mr.. Schwab says that We could not
tonA for better steel conditions. and That
here is every indication that the pros
rAritv now enjoyed Will be permanent
n is estimated that nearly double the
AMOUNT of car equipment ordered, by the
railroads in 1911 will have been purchased
By the end Of the current year together
with a IS per cent increase in locomo-
lives. The latest European statistics
show decrease I'm stocks OF copper
metal American Hide and Leather re-
ro-ig tor The year a surplus equal TO 20
ys- cent Tor tbe preferred stock, against
les than ! per cent last year and earn
ngs Of Central Leather are reported run
rng at record levels
The anthracite coal trade IS active.
Railroad oarniugs continue 90 increase,
vita strong July statements at hand from
such companio- q, Union and SoUthccn
Padsc ST Paul Pennsylvania, Erie and
No. Island. Will, the notable Improve
ment in physical condition Of Missouri
Pacific, coupled with record gross earn
hgs. has made this issue considerable Of
a feature. A very large cotton crop IS
Indicated by the government report and
weather conditions I'm the corn belt havs
seen particularly favorable"
The Growing Steel Industry.
The Superior CWisl. Telegram" in a
Essial number devoted 10 the steel trade
d the Superior district. says that: 'As
s well known AIouez Bay and Wiscon-
El Point have been acquired by the steel
Evaporation for IT'S immense coal and
sh!pp!ng docks The belt line railroad.
'rnning IN a semi-circle south Of us, has
teen completed for two years already. and
Sork will speedily start to finish the
separations equipments on this side Of
tie state line.
And the manufacture Of steel proper,
Us handling or shipment, is only an
Ten in the immense industrial activity
mat is destined 10 crowd to its utmost
opacity the territory south OF and di-
'eeuy tributary to the City Of Superior.
Aosi Of the best locations have been, or
are being, acquired by large auxiliary
manufacturing concerns that grow up
around great steel producing centre.
immense pressed steel car works and
numerous other works viii spring up. as
sOoh as the direct manufacture OF steel
larry started, to use the product OF the
vast furnaces and the rolling mills.
Inc growth Of the immense regions 10
ne west and northwest has but begun.
nat territory can and is destined 10 con-
an many times It's present population.
~ ,he development Of this future empire
neeotd steel, steel and excess OF
mere are no ore deposits, at present
aN'hn OF any importance between this
'ea' northwestern storehouse OF mineral
'es1th and the newly discovered ore fields
! Alaska The Twin Ports must be pre-
.a'm 70 furnish all needs in steel and
''sl products to accommodate 100000 900
.spN ana more in the next quarter OF
-ss'!' she will do it, too. and IL will
S4ie manufacturing establishments that
=, employ 10000 men and all to come
" inc next ten years"