New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-16
BRIEF NOTES OF FINANCE
paragraphs of Current Interest
for the Investor.

announcement that Colonel Roose-
,s getting ready 10 start West ex-
,.,,s II. He has been storing up so
p-,,cb hot air at Sycamore Hill and the
.,o.,,look" office that there has been an
.,,.-aow and New York has been treat
80 some torrid currents Kansas and |
~. west have Wall Streets sympathy
'-ssn the colonel strikes the trail
More "Stepless" Cars.
- ,s reported that the New York Rail-
US Company is at present preparing I
'"aciAcations to place orders for about ,
~ Of the so-called "stepless" cars. 1t
IA, probably take several months or so
:. ordsr 10 complete the specified draw
,nys This is said to be only one Of sew
al improvements contemplated by the |
.ompany in the possible near future.
Has Not Been Sold.
rt,s said that none Of the S3OOO,OOO stock
II the New Orleans, Texas & Mexico d.
acton OF the st. Louis & San Francisco
psnroad. quite recently authorized by
,hs stockholders, has been issued as yet.
This authorization has increased the cap
,,.l stock from g, 100000 TO S5,Oo0,00O. The
9, Louis & San Francisco owns all the
% ao 900 outstanding capital stock. The
resent holding company will receive.
trorn time TO time. the balance duly su-
,horized IN return for cash advances
made 10 enable construction work, etc.
Report on Cotton Movement.
An increase in the port receipts of New
ysrk Of cotton has been recorded Since
last fall. Receipts are said to have
rsached the total Of 10000 bales since
ssptember l. Stocks mere are now three
times larger than at any other port on
the American continent. 1t is reported
that the three main ports Of Galveston
Nsr Orleans and Savannah have lN,oW
,sle. less than the licensed warehouse
stocks at New York.
M. G ST. L. Car Order.
Accordinc ,arlous reports, the Min
,ospoI,s q 3. Louis Railroad Company
has nIaced an order for twelve new loco
motives and has appropriated approx
mately $4,000 for various Improvements .
nrincipally for track betterment. PTesl-
dent Newman Erb, talking OF conditions
sxsting in the West, says; / came
West merely to find by personal invesu-
cation II the condition Of crops IN our
,r,nsdiate territory warrants the under
taxing Of expensive new work at TINS
time. Everywhere along our lines ma
crops good, and in some places was toid
by men of long experience that prospects
FOR good Yields have not been better for
twenty years. With such contrast to the
,oor crops OF this year in sight, we are
,renared TO 20 ahead, and are forming
he company to build the new line
Steel interests Need Help.
Steel manufacturers are making great
efforts to obtain labor. During the re-
cent strike at the smelter Of the Ameri-
IAN Smelling and Refining Company, at
Perth Amboy, y. j., agents OF various
steel manufacturing concerns are sald 10
have made tempting offers to the strlh-
srs TO accept employment In steel InIl4S'
The information is that strikers we're
steady work for year ahc'
In some instances. II is further sta,ed
that men who had been jailed or hneo
Tor causing disturbances at the snsiter
were promised payment Of their fines II
thew would accept employment IN stee!
mills.
Government Tobacco Report.
Governmental census statistics Of the
vsr,ous manufacturers OF tobacco in the .
rrpited States are contained in an advance .
bulletin issued by the Bureau Of the Gem
srs The tobacco industry was, in value
of products, the eleventh in rank IN the
census year. The total number OF estao-
,ishments was Is SD. Total number OF per-
sons engaged. 1g7, 6S7; wage earners' lSo'Slo.
The primary horsepower used was zS'2A'
canital involved. s2f5, GO. 4s4; total OK
nsnsss s3es. g72. 100; value Of products, sh6'-
go 1o4 The value added by manufacture
was 23s, 500, 43.
Ohio's Crop Condition.
The Ohio State Department OF Agrl-
culture at Columbus reports that the state
cannot hope TO produce an average OF
more than seven bushels Of wheat en-
acre. making 100000 bushels. or one-hlth
Of last years production. oats prospects
are IS, indicating a yield Of 55'ZllVV ouSh-
els, against 100000 bushels last year
Corn is irregular; general condition po1:'
at II ~ cent of average Alleged dam
are b orms has placed it at Il per
cent. ~ prospects are unfayoraoIe'
at 70 De OF normal yield.
Han1y Reference Book.
The July. 1912, issue of The Hand Book
OF Securities" has Just been issued by the
publishers Of THE Commercial and FL
uancial Chronicle" II contains a monthly
Range Of prices TO July l OF stocks and
,onds sold at the stock exchanges In
New York. Boston. Philadelphia, Chicago,
nc. There IS also a yearly range or
lrtces for bonds and stocks sold on the
New York Stock Exchange for the last
six and one-half years and a yearly range
FOR three and one-haIf years Of Boston
and Philadelphia prices. In addition 10
the tables Of prices the book contains
elaborate tables with details OF securities.
together with the earnings and fixed
charges of the respective companies ard
showing as nearly as practicable the sur
plus available 10 meet charges and dlVi-
dends. The data furnished will enable
the investor readily to determine the mer-
its Of each particular security. There IS
table Of dividend payments for nine and
One-half years. The book contains lS2
pages Price. 81, or TO Chronicle sub
scribers Is cents, including postage Cop
les NAV also he had at the Chronicle"