New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-03
BRIEF NOTES Of 7''''E
paragraphs of Current Interest
for the investor.

4, last It's Ger, and the innNoepe,s a. pa
arc getting ready to purchase pal
and retire to private life. They VIII
"s .roeree whenever there is PTesiden-
~ oovention headed for the city that has
=. the Democrats famous.
In Favor of Canada.
Lit advices received here from Otta-
- that the general opinion prevail
20 &c in regard to the British West
i ~ trade question is that the agree
hl q one-sded and I'm favor of Canada
n'" Concessions thus granted to West In
Ihs o,ories and British Guiana by Can
IN most cases less than those given
S colonies by British preference I'm the
pot canadian tariff. Canada gets quite
p.antial concessions on the entry Of her
" material to the colonies.
National Bank Report.
government reports at Washington If
orearization Of national banks say that
~ June. 1912. twenty-one applications
ol' .rgsnize national banks were received.
-. arplications pending fifteen were ap-
VI.,..5 and the rest were rejected. In the
- month permission was given TO four
~ hanks. with total capital Of $4,000, to
operations. Of which number nine
~ combined capital Of $4,000, had in
'.sa,al capital Of less than $4,000, and five
"a. "a combined capital Of nearly $4,000 he'd
,-gr,aual capital Of $4,000 or over.
a. Trne 80. 1912. the total number Of nae
-, hanks organized was 1929. of which
.sx had suspended operations, thus leay-
AZ present in existence 1884 banks with
'~,borized capital of 81 loo $40. 4S5, and circu-
,..or outstanding being secured by bonds,
gMl2i,nO.
The Ralf-Year's Failures.
4, examination Of the statistics Of com
...-c,aI failures reported to r. G. Dun &
~ during the first six months Of the year
ding lime 50 reveals an increase in both
.hs number Of defaults and in amount Of
liabilities over the corresponding period IN
,r1 The record shows S5l7 defaults in 1872
Nth total liabilities Of N0S,ol2,2S against
,so defaults in the first six months OF
sal with liabilities of S08,66,o3i. II Is
,o,,.Asble however, that the increase In
,unber Of defaults is greater relatively
than the Increase IN amount OF liabilities
ira former gaining nearly IS per cent and
,ss latter only a trihe over per cent. Il
allows therefore. that the average liablll-
ne per failure were considerably less In the
,sn six months than in the corresponding
,srhDd OF 1911 so that the characteristic
feature of the period under review was
hat Of an increase in number Of small de-
faults Manufacturing failures numbered
i1s against 1913 a year ago; trading fall
Tres eU7O, against $685. and agents and
brokers' S19. compared with 23l. AS to total
liabilities. there was a small decrease in
The manufacturing class, Sg1l412. against
gM.l2: a small increase in the trading
class. the liabilities being $40 3o5.6ol, against
NlS60S while among agents and brokers
ths liabilities were H3.S62,5 sol. against $685.,
o.
While there was an increase in the total
Of liabilities in the last six months, II is
Asznifcant that the record for June shows
the smallest total Of liabilities Of any
month Of the year. and there has been a
progressive improvement in the failure eX-
hibit during the last FIVE months. Another
feature is the fact that the increase in the
number OF failures was mainly in the East.
the South and in the Pacific Coast States;
the Central and Western sections report a
decrease.
Flax Condition.
There is a general belief among the