New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

IN nunch at one of the regulars ON the
her side. but when II comes to punches
,ho colonel knows how TO wallop and the
rews Of that little encounter in Chicago did
~. work. But in the mean time the colonel
struck the stock market a blow and prices
cent down for the count. He certainly is
some hitter
canada's 1911 immigration.
According to Canadian officials the $4,000
i,,,njg,ants that came into Canada last
vear cost the Dominion S1,OSO2OS or approx
roateIy Sc head. OF last years total lmmi
ration coming into Canada at ocean ports,
. s2S were registered and classed as farm
ors g1.759 as general laborers, a. 1873 as me-
chanics, l5,15S as clerks and trades, H,34S as
miners and 1880 domestics.
During last year S9,l5l homesteads were
entered OF these, 5,379 were English. 1.O4l
Scotch, 476 Irish and 1878 American, the
remainder being made up of European en-
tries. il Is calculated that - per cent of
The English, IS per cent of the Scotch, %
rer cent of the Irish, Sc per cent OF the
American and 81 per cent OF the European
immigrants took up homesteads.
A Conditional Melon.
n all continues WELL according to reports,
directors OF the United Cigar Stores will
probably decide to increase capital stock to
100000 and pay 200 per cent stock divi-
dend. The company could then retain In
IFS treasury the entire sl0oO0,OoO capital OF
the newly formed United stores Realty
and Land Company
Not counting this valuable asset. the
United Cigar Stores Company is said to
have 1000 shares of the American Cigar
Company, which is being carried on its
hooks on a 50 cents per share basis. The
American Tobacco Company has con-
railing interest In the American Cigar
Company
New Michigan Railroad.
The Boyne City. Gaylord & Alpena Rail-
roads franchise for terminal facilities has
been passed and approved by the Chamber
Of Commerce at Alpena, Mich. THIS line
will operate between Boyne and Gaylord
making a translate road between Lakes
Huron and Michigan, and connecting win
Michigan Central. Detroit & Mackinac'
Grand Rapids & Indiana and Pere Mar
ouette. Reports say that construction Is
scheduled TO begin this summer,
No Panama Bonds.
Adyices from Washington state that OWING
10 the fact that the Treasury Department
has collected $4,000, 600 from the corporation
tax there will be no need of another bona
issue for the Panama Canal. At this time
the canal owes the Treasury $lS64OO,OOo for
money loaned for its construction. the
amount derived from the sales OF oonds'
which was $l3S,6OO,OOO, has also been useo'
making a total of S275,V",Wn'
The present Treasury working balance Is
around $50, 900 900. within S2,OOO'OVo OF 'he
amount collected from the corporation taN'
80 that exempting the tax the treasury
working balance would be about 2OoO'oVV
Otherwise further Panama Canal BOND
issue would have been made
Decrease in Gold.
Tie average holdings Of gold in the I'M
periai Bank Of Japan, IL is stated nave
declined within the last fortnight. the
quantity reported for the week Of May oil
averaged 925,24s,OOO yen, compared win
2Ss131, 900 yen two weeks before ana WIN
216.7S0000 yen year ago.
Increasing Capacity.
Adyices from Sharon, Penn, say that the
Dilworth Paper Company, Of New Castle
will practically double the capacity OF lts
works. Additional and improved machinery
will be installed and approximately $zoo'-
goo spent in betterments.
New Equipment Bids.
For the account of the Georgia Southern
& Florida Railway Company bids are TO De
asked on the following equipment: Six con-
solidation freight engines. four switch en-
enes TWO steel underframe mail cars hVe
steel frame coaches, four steel UNDERMINE
EXPRESS cars and 24O freight train cars
Will Get Busy.
Now that Governor Foss, of Massachu-
sets, has signed the Southern New Ensiaho
railway bill the Grand Trunk Oflcias an
nounce that the proposed line into Boston
will be pushed with rapidly. the entrance
10 Boston will mean considerable 10 the
Grand Trunk, which the officials thlnK mas
been Disseminated against in the matter Oh
proftable traffic as against the New Haven
which is the Grand Trunks rival.
a Distinction or Difference?
From an official Of the Booth FISHERIES
Companv comes an explanation OF the APP
parent discrepancy between net earnings re-
ported for taxation 10 the government an"
those reported to stockholders. lie says
that returns for taxation were for the booth
Fisheries Of Delaware which showed ilght
net earnings. but subsidiaries had heavy
earnings 10 more than Offset the poorer
showing.
Burlinoton's improvements.
II is stated that the Burlington Will spend
$1,000. GOO in increasing its block sisha'
system to practically twice the present ca
pacity. totaIling 900 miles. the system
after completion will average three oper-
ators 10 a signal or nearly 1900 operators.
The MANAGEMENT reports that not one ia'd'-
ity during nineteen years mas peeh u"" ~
a failure OF the block operation ana SUI
frag1st@ may gain some courage from '"e
fact that one-third Of the operators are
women.
LARGE Grain Crops.
II il estimated that North Amer ''a,,
countries. on the present crop reports WIZ
produce approximately 5,750Go'WO pushe'S
Of cereals during the current season. the
gross fields OF the United States VIII con
tribute 5.OO.OOO.OOO OF this vast sum, ana
Csnada's share of her three most impor-
tsnt grain crops will be 6OO,0O0.0O0 bushels
Mexico is rather uncertain for TINS sea
son, but may possibly be counted 0" "
produce as much as 100000 bushels
New Vice President General Manager
Ala meeting held yesterday OF the boaru
OF directors OF the Lehigh valley CodI
Company Frederick VI. Chase was eIecte"
ylce-presjdent and general manager OF the
cornnapv ga euccaed Samuel j.. Warmer,