New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-18
BRIEF NOTES OF FINANCE
paragraphs Of Current Interest
for the Investor.

W. wv
,,s YOU notice the sunshine and the
-.,ts,7 During these days the weather
Good indicator OF the markets move
".r,s II past performances count
ST. Paul Dividend.
., paul stockholders are cheered with
.,srt report that while ct. Paul may not
more than 8 per cent on the present
-, wear. its income from other sources
IN, enable the road to pay Its 8 per cent
- f,,ends Of the road believe that with
,a.,,ess conditions improving in the
sn-,bwest payment OF dividend will be
justified
American Smelling and Refining.
-A,r. 1, talk now OF the common stock
,,..d.nd Of the American Smelling and
e.s,ing Company being PLACED on a per
-, basis. 1t is asserted by insiders"
,s,t the earnings OF the company are i'm
Icing and that II the Mexican trouble is
.,,,,.d and present metal prices continue
.Ss,uehout the year dividends In 1872 on
-. common will be above per cent.
go are several ifs In all this future
estimating or guessing.
Friends OF Erie.
p,,r old Erie, which has been kicked
.,o,,nd like Champ Clarks dog, is now
Ming petted by the Wall Street dope"
.,,,srs They all see now that Erie has
an advantageous geographical location
ard is certain 10 become a great artery OF
,-sa1c irrespective of crops and seasons.
sentiment is hard road 10 follow.
Stocks Oversubseribed.
Psports from Chicago are TO the effect
that the new issue OF the Goodrich Rubber
Company common and preferred stocks
IA, been oversutscribed. It is said that
,,r,caso investors subscribed for more
common than was offered and have taken
large blocks Of preferred.
Canadian Pacific Charter.
i, connection with the rumor that Cana
dian Pacific will increase the stock of the
company. a point that may have some bear
rr Is IN the contract with the Canadian
government. It is provided In the char
ter that after disbursed annual dividends
h,y. reached 10 per cent, all dividends In
sxcsss Of this rate shall be shared by the
government and the stockholders equally.
The Canadian Pacific now pays per cent
out Of road earnings and 8 per cent from
land sales.
New Car Orders.
csr orders reported include 500 furniture
ears for the Chicago. Burlington &c quincy
from Haskell & Barker and nifty locomo-
,Ives from the Baldwin company inc
lbs Angeles Railway Company has ordered
sry streetcars from the American Car
and Foundry Company, and the British co.
ru1tia Electric Railway Company has or
sered twenty-five cars from the st LOUIS
Ger Company.
Steel Men Joyful.
There IS a cheerful feeling amous the rep
,sentstives of large steel plants Of the
country who are attending the annual con-
,sntion Of the American Iron and steer IN
.,,ue The brightness OF temperament OF
Of the steel men this YEAR is decldedly IN
contrast with May 1911. when an open
market for steel prices was declared. Inc
.,,-ession of confidence is geneIaI ana /
ihav predict that more steel VIII be turner
out in 1872 than in any other year In 'he
couptry's history. Pig iron production Is
estimated to be greater than 100000 tons
with prices about 81 a ton higher
II You We're There.
~ YOU we-. fortunate enough t" 5s soma
rheye in a certain place at certain ti'Ie
IN the Wall Street district and you snouiu
49,, certain man or certain men, you
night learn that a new pool has ueen
formed to boost the interborougns ms 10
confidential and must not he released ior
siock market purposes.
Still Going Up.
The men who know say that Dan hei' 80
in ashting trim and that he has no in'eh'ion
NJ retiring from the ring. Prices arc soI"9
IN and the bears are only Good no" i0'
ornamental purposes. II ycu don't behe'e
mi, ask Charles q. Gates about Texas
.ill.ast he is hulish; so why worry
- A Strong Directory
TIE oficial directory OF the IpslIal'oI'
Gamer Company. which has jus5 peen
y.,ed on the Stock Exchange reads Ike
,Ae official list Of bank or trust com
psnr directory The names following are
the directors and, as one broker PUT w.
'thos. names would carry peanut stahu
through Wall Street
w 7.hompsop. ". u Thornton Johh
=. Alyord. Thomas r. Cole. Edmund
Converse. william 4. Corey charIeh ~
corliss, Philip L. Foster Henry b. NV
hns. Eugene Never, tr William u. t.och-
sf.i.r. John D. Ryan. Albert n. "isgih
srI Charles II. Sabin
3 International Paper Company
,.ess, trade agreement which the IN
transitional Pspsr Company made I'll" i'9
EMPLOYEES as result of a series OK CONFER
snoes at the Hotel Latham does not can
for an increase In wages further IMAM
was voluntarily granted by the company
becoming affective May J. The agreement
covers the period UP 10 May J. 1914 am
hss 70 do with = system Of arbitration TIC
syen future wage disputes and new COM
rsasstion rules IN case Of accidents 10 eni-
ployes. new system OF apprenticeship
also goes into effect with the new agree
ineat
fz-Un;ted States Motor Company.
Information from Boston is that the
tuited States Motor Company has ar
snged 10 provide for 100000 short time
PAPER, due this month. OF this paper Wv
." which matured this week. has oeeh
pad, and money has been arranged ior 10
rect the balance as It comes due.
The United States Motor Company has
had TO struggle with the difficulty of max
Tag TOO many types of cars and too great
variety Of models. This is being gradu-
no ate ~ a T6iZ1f10n
Bans worked out there seems 10 be no