New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-12
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.


IL, loose IN the Metropolitan Building
.v,,te5 by the waving Of a bloody shirt.
~ r,ocees get mixed up with the bulls
hears in wall Street. some Of the ami
a,s will have to be Gagged.
American Beet Sugar.
-t.ra Is a rumor that uEless the present
= are changed the common stock Of
American Beet Sugar Company will be
,',,a n, a per cent basis at the next
ils.rd meeting o. the board. Dishurse-
ere now N the rate Of 3 per cent per
Sa,er are said 10 he touching new
a., eg,,re4. and earnings available for
...s,,szs.ts. are estimated NJ the rate OF ap-
..v.,,,t.lv sl5 q share per annum on the
.s,-,rion stock.
VIII &c Self Sustaining.
rors,farinc the past history the last an
y, rs,o~r Of the Lake Copper Company
~, interesting II showed O balance
.,,tcs assets over all indebtedness OF SS7-
-, ~ which $50 i62 was cash. Irrespective
,rts reduced amount Of working capital
v-,rI;,~, Paine. president Of the com
- &c reported 70 have placed and paid
- al If i-s important equipment and Is
now develontns i's capacity to shipments
"a, .,-e NJ rock day From these ship
,.e7ts. On the basis Of l7ia-cent copper mar
YET il IS dgursd that the company VIII be
self.sustainiuE
In Opposition.
-!o = p,vsa~ was elected president Of the
,r,sr,,,0 s,rawboard Company and He
o.. cross,rsn yloe-presldent, with L. d
Brown secretary This took place lmms-
d,s-a.v after the separating OF the amen,
can srravyboard Company from N" 'l''eu
Rovboar5 Company. Instant possession OF
&c r1art and works has been obtained ny
The stamford Company. when i' eA-
,ao,ed =, enter into active competition with /
a., poyhoard Company. The latter without
80, ,,r-ber delay. II IS said, will hasten the
'e.y-co-,zs-,or process which includes q
f,,rtrer assessment Of 80 a share.
Voted 10 Combine.
Direct advtces from Philadelphia state
.Hst the stockholders 81 the Postal Tele-
crs,h and Gable Companies Nos 1. and 3
ls,d the Postal Telegraph and Gable Com
-s,,. n Pennsylvania have unanimously
.ots5 70 combine all the individual com
,.n,ss into one unit. the Postal Telegraph
and Gable Company Of Pennsylvania. The
,rocsss OF consolidation. II Is thought viii .
bs practlcally completed within a few DAYS
stter the arrival Of the necessary papers
4,on, Harrisburg The new arrangement
rscessitatAs no reorganization Of the per
.o,nsl Of the different companies, the in
,s-4sts. Il IS said. being involved NUT
ually.
a Wonderful Transformation.
Far down in the lower depths Of the
,avsrtll Colorado River lies what was
sr,oyn less than ten years ago as the Colo
kzdo Desert. As seen from the car win
iows Of q train across these shifting plains
shere was hardly an object Of interest IN
.s4 stretch Of hundreds OF miles. This
season the Imperial Valley, which IS SIT |
ra.sd within this so-called desert region. |
vii derive from this one-time barren earth /
erops to the value OF 100000 This is
M. hnd OF intensive agricultural genius |
thst turns merely dry sand and alkah into |
alable products that makes the world |
rrov r,cber and happier. The two essen
tal things necessary IN order 10 turn
desert into paradise have been demon |
strated to be work and plenty Of natural
water.
New Rosc Fiahneu'
Resorts have arrived from Hermosillo' |
When Is the capital Of Sonora, Mexico |
mat engineers Of this city who have been
identified with many large industrial
proiects IN different quarters Of the uni
ysrse have applied for and obtained con- /
cesslon from the federal government Tor
TIA construction Of a railroad from Hermo- ,
tlo TO Aqua Prieta, q distance OF approx |
rnatslv 80 miles II is stated that the en-
gneers are acting as the representatives or
a SYNDICATE OF European capitalists. The |
road as proposed will give that part Of
Western Mexico new access 10 the United |
States proper. 1t win traverse region |
TIA, excelg in rich minerals and some !
sbaxtant AGRICULTURAL districts which ho !
tc0s he prospective route.
Phenomenal Gain in Crops.
Tie slz leading and substantial crops !
Wiki are corn, wheat, oats, barley, pota~ |
toss and hay, are expected to yield in value
his season an excess over the correspond |
Ing crops Of last year an estimated amount !
Of about $40 10000. The apparent largest |
gain In value It is said. will be made IN |
the hay crop. Following that come corn !
Potatoes, wheat, oats and barley. IN the |
CIDER named. in point Of increases over the !
values Of 81. In quantity Of yield the PAIN |
goes TO corn. which shows an indicated |
gsln over last years crop, according 10 |
ae governments Cstimates OF 2S"wocp /
h.sheis. The oat crop gives promises Of |
4 Increase Of 217,o0oO0 bushels; barley |
abst1 bushels, and wheat 100000 Ihes7
fopr crops show a decided gain OF o5y.VJ'yJJ |
ssshsls OF cereals. 1t IS very probable tnat
he barley Weld will be 100000 bushels |
Esa;sr. and prospective prices are u cents |
eushsl higher, 80 that we have the IN !
usual phenomenon OF a larger yield DTlns /
hg the higher price per unit There VIII !
b about 1000 30 tons Of has more THIS
I.az than les, on the estimated Weld above /
Ihs total value Of increased gain over the |
Asl season a. practically the same price /
VII be SO 5000.
Possible Car Shortage.
j Is the general expressed belief Of well
informed railroad trafrc men that big car
tastags in Texas, and perhaps IN the |
wat this fan IS unavoidable. The ialth-
IA assurance OF enormous crops and the
asspaocally bright business outlook make
. Absolutely certain that the taH gram
1SVsnsnt will be Of record breaking VOL |
we While many Of the different ran
ioaas have added considerably TO tnel |
equipment during the last two years. lhey
- SUI lacking a sufficient numoer o.
an % handle the tonnage that must coon
transported. The various roads are TO"
"a to be taking active measures To set
We required cars 10 handle the big IAN
usne. and numerous sidetracks and ter
HalaI facilities ere also neing enlarged NY |