New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-28
Steel Meeting Tuesday.

oteci VNNN'S
,srallv believed that the regular
N5s m United States Steel will bs
aus At the regular meeting of the
s'~ zion which takes place on Tues
Iulv 90. Estimates ranging from
~ 300 70 SS5,0O10C0 arc being made for
earnings Of the second quarter
-, ~ the better prices for steel
o,s End the increased production, the
as a rule. thinks the regular divi-
~ has been earned.
Som. Can Sentiment.
..er, is still some Can sentiment, and
I'., rront earnings are talked Of by the
Ian Can boosters. The argument
An' -. that with a big fruit crop earn
will be enormous.
Structural Steel Demands.
=. Cambria steel Company is reported
u ao,nS a heavy business and operat-
!" .,os. 20 is full capacity. The de-
"a tor structural steel, II is said, has
l ma the eompany's mills with orders,
Nv .bs capacity Of 100000 tons yearly
" Nc reached this year
Annual Railroad Report.
-. Interstate Commerce Commissions
-.rtv.fourtn annual report on railroad
..N.,ic, for the year ended June so,
80 ,sou, that railroads operating 246.-
=, niles have made their reports 70 the
s.,s.,on Capitalization is given as
~. ,os ssS.Osl NO dividends were paid
JisqS5 per cent OF the outstanding
S...E, The total operating revenues arc
w., :, r.7sa,7s1,6s9 and operating ex-
.,,s. total s1,9l5,o5GoO5.
Chicago & Northwestern
r,.s,n a short time, il is said. the Chi
A Northwestern Railway will sell TO
- ynrk bankers between $6.000.00O and
q asaeoo equipment trust notes as part
=, N. $40 900. 900 issued authorized early
:. n. present year. Proceeds Of the
,,r. viIl be used for payment OF equip
..nt ordered in the early part OF the
vl,r and which Is now being delivered.
4 Business Still Normal.
Marshall Field Sc Co, in the weekly re-
law OF the drygoods trade, say: me
,rsoods trade continues normal. SUB
anita increases were shown in sales or
s,..r- Isceg. embroideries and all READY
!. yea rnerchandlse Carpet sales for
tv are better than they have been Cor
,r.,,i wears with velvcts and AHmih-
esrs as the leading lines. The market
,Aows rising tendency, owing 20 inc
-ci,v NJ Garnet woods Dealers are IN
s.s,inS an anxiety TO I'll their require
-.,,. IN rug. before further advances in
r-,ees Manufacturers notified the trade
.bai, ten days ago that they arc SOLO 70
amcity Until November /.
The advance IN oll grades OF WOO.
i.n 70 Is per cent has effected a re-
ss,,tr,ent IN the prices OF number oi
ross Of yool!en goods, as announced ms
rsk The yarn market is correspond
vly strong, with spinnerS busy and yarn
.as for future heavy.
Plough company's Growth
The Financial Chronicle publishes
=. information that Deere & Co. are the
.,gsst plough manufacturers IN tne
ra-,5 R,,siuess WAS established in lSS''
"a thew have continued 10 grow until
- the e-st six months OF 1917 the net
r-pings we're Sc.6l9 los. Including t-
,pch houses, the company Uahsac's
Sross business OF over 100000 per
,,s,,,, The total floor space for manu-
i.c,urs Of ploughs and other agriculture a.
,-plsrnents. such as corn planters d'sN
ARROWS. farm wagons, manure spresu-
"a bav tools and corn shelters covers
t.i-ty.sye acres. During the last two
,sars large sums have been spent IN &C
curing additional plants 10 further round
u, Us line, and II IL understood that 'he
,snpspy viii shortly be In the market
q, additional funds 10 reimburse us
i'sasury.
Wssk's Failures
Commercial failures this week IA 'Hc
United States. az reported by r G. Dun
Co. are 265 against go last week 70
A..p,ecedins week and 81 the CORE
s;crdlng week last year. Failures II
Canada number 30, against 81 last week
. the preceding week and . last year.
u failures this week In the United states
70 were in the East z South, s. Weat
hid n In the Pacific States, ana 1911 re
pan liabilities Of $500 or more, against
"a last week. Liabilities OF commercial
!alarss thus fat reported for July are
sEsls1, against SsS34S22 for the same
,trod last year.
Shipbuildins.
The shipbuildiug boom IS continuing
end never in the worlds history were
here so many merchant ships under
eonst-ucuon az at present. In their
saarferIy report Lloyd's Register Com
hiltee gives the total tonnage building
"a June 80. 1912. in the United King
scrn as 5.i74,00G tons, or about Sf'oOo
lons more than al the end of the March
quarter and nearly 100000 tons more
han year ago II is case or piline
sscord upon record. and there is every
Feasibility that the figures will go high
Z etilL AS the rest or the nations
kpong them have another million tons Oh
NE stocks, It would appear. however. at
y the supply Of new ships has chance
Ultimately Of oyertaking the demand
great though IL be. There have been de-
lays IN delivery. due 70 strikes and other
causes which have made the process oil
shsorbing new tonnage more simple
Aueh OF the new shipping, too. is OF spe'
cal type, designed for special trades
ana therefore does not come into the Or
glhary reckoning. Nevertheless. the re-
1urns may well suggest a doubt as &c
low long the present pace can be main.
talned. The singular feature Is that
5ute considerable number OF ship
.ul1alhr Yards are being extended the
Nlptleation is that shipbuilders, who
5SlSht 70 10 good judges OF the OUTLOOK
SUI largely unspent