New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-14
BRIEF NOTES OF FINANCE.

MlL| No'IV VI '"""'o1
Paragraphs Of Current Interest
for the Investor.
.r,. coinage Of three-ceht pieces may nave
iT 80 t,aucnce on the question Of lower
erect railways 1t may be. how
ares ~, instead Of fiNe-ceut fares, rs at
of' .,crca,ed cost Of operation may he
rese"' ., argument 10 increase fares to
uso The thrco-cent piece will work
'rsle or double
important Meeting To-day
,,, miners delegates will decide
l'''@. ,,,c,ing IN Wilkes Barre whether
q w. "a, or reject the compromise between
% avn and operators suggested by the
rin''S =, committees and rejected by tho
r.,bracte miners general committee
At Highest Point.
..., cost Of Iiyius IS now the highest N
lu' ,.,rs According TO Thomas Glib
~'"" iox Numbers. the average total cost
son az IN 1909. and SIS In 1895. In 1905 the
." lad Jumped to 1862, and in Janu-
- ~ If mis- year the liswcs We're Iih-,
p i.y this year the average had
On hSJ iisse tho highest point since 1922
rS', ,be outlook Is toward further advances;
'D' rery encouraeimI. except TO insure
~, ,,ion in govt, tenderness amons the
middle classes
Report Not Confirmed.
~ statement can he secured which will
',,,,oIr confirm report that the Ma
Inal Enamelling and stamping Company
y" soon begin payment Of common divi-
"" The best that can bc learned comes
o''. secretary Of the company, ~ NJ.
.,,inbardt, who says: Business is good
~ shipments axe prompt.
Vacuum Oil Dividend.
statement from tho Vacuum Oil Com
- f. its stockholders contains the in
''.n,o,ion that the plan of the directors is
:. Aerlsrc per cent dividends for 1872,
,,.hlo in two instruments. The dividend
a. b, Maid ON S'5,uoolD capital stock after
- ,ev s9,50c.e0 stock has been issued to
..gboldcrs at par. From this it will be
that those stockholders who sub
.h.d 70 the new stock dive shares of
-, Cor one of old Will receive nearly l.
=, cent teturn on their investment in the
=, stock for the seven months Of the year
,,,,o Junc / to December 81, 1912.
Effective Yesterday,
Tho advance of 3 ton in warehouse
,rcss on plates. bars and structurals by
'bs Steel Corporation went into effect yes
,,-lay for the New York district Jobbers'
,-ic.s we're also advanced yesterday.
Philippine Finance.
n. Bureau Of Insular Affairs has issued
, statement Of the Philippine coinage sys-
,,m which shows that the net profits de-
5r,d from seignorago on silver coinage.
ID Of drafts and interest on deposits OF
,od reserve for the eight years the sys-
,,n has been In operation have been more
nan 100000 and amount 70 more than
c per cent Of outstanding circulation. the
,sd standard fund Of, June 80 1911. was
Fa9SN7, an increase OF about $4,000 dur
NJ the fiscal year. Justice Senior Ardnata,
tcretary Of Finance OF the Philippine
sands reports the total circulation
4 the islands to have been 4S,lJJ,JSI
,sc.. about S24G77, 900. This sum is sub
sct TO a deduction for government ObliSa-
ION Of Lee, o)N notes of the Spanish Fill
mo bank. leaving q net circulation OF
mvsrnmeut currency OF around &2,S&,cc.
sainst this SUM the gold standard fund
t s030S s. .stituted ratio OF over 70
E cent O'.. ,.s 10 this excess the Philip
Ire legislature passed bill on December
4 III. reducing the standard fund to 50 per
On, Of the money in circulation, exclusive
certificates protected by gold reserve.