New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-16

a|[F NOTES OF F|NANC|
Paragraphs Of Current! Current 'nteres
TT for the investor.
.., 10 waiting for something I
7" inst what 1t is nobody knows, bt
,lppea .,-nething does occur, so that som
'ssn - told you sos" can go around wit
q the w,rks then part Of the "ths
snoNin he satisfied. Which will help
sfls."
An Initial Dividend.
:. initial dividend Of Z per cent annual
Al .n declared by the High Grade O
- w company, payable June to stock
' ';, Of record on May 20, Payment WI
''la.'s N cumulative dividends on stock u
over ~ Hereafter quarterly dividend
m Re paid.
Tho Careful Chinese,
uv the Chinese do not have conf
S a. the integrity OF foreign auditor
'ae. BANKERS controlling them, as tn
'"o government rejected the terms o
"", .onnMo temporary loan Of the ST
H oh,ectlng TO foreign auditing.
Lumber Orders Increase.
,..ods are buying lumber in the Yves
.,hpjlding operations. The Burlington
= ..Dort.d TO have purchased 100000 feet
'' -. Te Is in the market for 5,o0o,C0
=. .na the st. Paul 100000 feet. and 10.
! 80 ,.s, more is distributed among 9th
r,s Hartman lines are expected t
,,,. an order for 10000" feet
Railroad ONCol SISC' o.
poston & Maine has awarded to til
.-,oon Bridge Company an order callin
n,o TONS Of steel shapes. and the Ne'
-. ,vstsm has distributed among tn
steel Company. the Bethle
' steel Company and the Lackswannj
=, Company orders for 27,oH' tons Of stee
Dis
offered c. T. Presidency.
-.ores p. Graham. former Minister Q
.i,.vs IN Sir WilfrId Laurier's Cahinr;
:. noe, rendered the presidency Of tn
.,,d Trunk Railway. to succeed the lat
Darles NJ. HAYS.
National Lead Prospects.
r,s National Lead Company for the foJ
Nth. Of this year shows gain Owe
/, and the officers feel encouraged owe
+. PROSPECTS for the year. II is yet 10
!, 10 forecast the years earnings. hu
Am present indications National Lea
oun show better than az PER cent on tn
nmon The last statement of the com
40 shows quick assets, not including in
.,nspts. Of s14.S6j.ooo. an excess owe
lex liabilities Of Sll,9Sl,hn
Good Steel Business.
,,.sl plate manufacturers are askln
.niums. according 20 reports. Of from !
e per ton for prompt shipments, OWN
heavy orders and steady demand. New
GERS for steel are 1000 tons Of rail
M the Atlantic Coast Line and 1900 ton
IN the Seaboard Air Line. orders iron
Steel Corporation are M to the highes
ri Of the month.
The Future Prospects.
III. Union Bag and Paper Company nov
~, earnings. according to guesses in III
...,. far in excess Of previous years
|. infcrma ton being given out is tina
tns the fiscal year 70 January 81, 1913
company will show the largest net i
history. The figures set down profit
,und t1.S0o.O00, as against Sl.006,5sO 1
l.I9. such a result would mean a bal
= for the preferred stock of about pc
[ compared with "a per cent durin
ste Years. 1t Is expected that In tim
management will pay off the accuse
feued dividends through an issue Q
L and then place the preferred on In
per cent basis.
japanese Bank Report.
hs Bank Of Japan shows an increase i
Is Of gold for the week ended April
statement then showed 225, 100000 yer
compared with 2f6,45s,000 yen at IN
V period in 1911. Convertible note
sanding were S28,s5s,Ooo yen. compare
b $4,000. coo yen year ago.
he bullion movement was mostly i
or from January / 70 April 10, and in
sed 100000 yen Of exports, leaving
plus OF exports Of 6.395.0o0 yen. TIL
ancing prices in silver metal haV
ied continuous outgo OF the whit
tai from Japan.
Cheering Reports Of NJ, x. & T.
according 10 Frank Trumbell, chairma'
n. Chess peake & Ohio and the Missouri
n,ss & Texas. the conditions In Texa
Oklahoma are excellent, and there
ny possibility that the crops VIII %
a. which will place the farmers an
rchants in a position 10 build up mos
'ness for next year. Mr.. Trumoeh ma
N making an inspection Of the Missouri
mas e. Texas lines. lie has the follow
to say Of the general prospects OF IN
ssouri, Kansas & Texas system NO
y much money will be spent on IN
ssouri. Kansas & Texas this year. IN
item 10 in good physical condition an
n the exception Of few trivial damage
branch lines has not suffered from hooo'
: only worry Is 10 take care OF larg
mage this fall After this Is over W
turn our attention TO preparing IN
u for next year. and from now on earn
b should be better" Mr.. Trumbell ais
INKS the Colorado Southern has seen IN
~ - fys