New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-21
included in Financing.


included in Financing.
The notice Of increase in capital indebted |
,sss from S995oo00O to N9,5oo,co) filed ly
Ave- bethlehem Steel Company, IN Pennsyl- |
''.,,a il said to be part of the formal ne
citations in connection with the recently |
ennoupced &O0C0.OoD bond issue.
Increased Stockholders.
4, is rather interesting to know that a |
ar ago there were two hundred stock |
.o,dors Of the corporation Of the United |
'gror stores To-day there are 1884 names !
,.rgelv owing to the forced distribution by |
49, American Tobacco Company of its |
~ ooo shares, and other holdings by twenty |
.,,o Individual defendants In the govern |
ment litigation.
George J. Whelan. president Of the COM |
,onv It is reported has added largely to |
Nc holdings. for nc now has in his name |
KS shares, against 7,44O shares last year
Total holdings of the Whelan family, how !
ever approximate 5000 shares.
Copper Production.
The Utah Copper Company produced /
pOA2s7 pounds of copper in April, and the !
Nevada Consolidated Copper Company pro- |
duced 6,ll5O95 pounds in tho same month. |
Shipping Gold
Argentina will receive 100000 in gold /
which has been withdrawn from the Sub !
Treasury for shipment to that country.
Western Company Operation.
Now the Western and Northwestern |
Grain Dealers associations are going to |
cooperate with the farmers, and an organ /.
hers is in the air one Of the propositions !
Of this new combination Of agricultural in
terests will be to influence legislation.
no Lease Required.
After all the publicity about Mr.. Morgan /
beautiful private Office on the thirtv-iirst !
floor of the Bankers Trust Bulding, +, is !
nov stated by people who should know
that. while no formal lease has been signed, /
Mr.. Morgan will occupy tho Office at his /
pleasure. and the managers OF the Bank !
ers Trust Building will not insist on a
lease All this. of course, IS very important |
and highly entertaining.
German Pig Iron.
The German pig iron production for the /
month OF March made the record for Ger /
many according the the "Frankfurtcr Zei- |
tung.'
The production amounted 10 1.i2Lo76 /
metric tons. making total Of A.llS.652 .
metric tons for the first quarter Of 1912, +
heing an increase Of 29i66l metric tons
over the corresponding period Of last year /
The extraordinary DEVELOPMENT that has |
taken place in the German pig iron industry /
Is illustrated by comparison OF the aver /
age daily output Of pig iron FOR tho first .
Three months OF the years 1912 and 1902 /
The output i'm the latter had a daily aver
sse Of 1898 tons for tho current year.
Savings Bank Bonds.
The Continental Trust and Savings Bank |
NJ Chicago is offering 100000 first and re-
funding mortgage sinking fund per cent !
gold bonds Of the Los Angeles Railway Cor
poratlon at par and interest, TO yield over |
s per cent These bonds arc legal for saw
ings banks and tax exempt in California.
Some Record Shipments.
Some record shipments of tin plate and |
sheets are being made, according to infor-
nation given, by the United States Steel !
Corporation. For some TIME past shipments F.
Of this class Of products have been at the /
rate of more than $4,000 tons year.
Paper Price Advances.
The Wisconsin paper manufacturers are |
sending out notices OF an immediate adj |
vance in the price Of paper and withdraw
ing all previous quotations The reason for |
this advance is said TO be the increasing |
cost of wood pulp.
The Subway Situation
90
ithf Court Of Appeals decision in the |
preferential case. the present week will see |
Tie subway situation cleaned up.
II Is thought to be not at all improbable |
that some time during the present week |
j F. Morgan & Co. will announce the syn |
dicate Of underwriters who will Join them
In floating the SID, OooCoO Interborough 3 |
per cent bonds.
In the event that the Board OF Estimate |
awards the contracts 10 The Interborough |
and Brooklyn Rapid Transit on Thursday, |
II is said. the city will continue to construct |
the subway line at its own expense until |
the decision is rendered by the Court OF
Appeals Neither the Intcrborough nor the |
Brooklyn Rapid Transit will join in any |
financing until that time. and such items |
las third tracking Of the elevated lines and
other construction that require INTERIOR |
cugh or Brooklyn Rapid Transit money will |
BE- held up temporarily
Gate City Bonds
The city Of San Francisco has called for |
proposals until July l for $4,000 per |
cent bonds Of the following issues; &2GlQO) |
city hall, dated July !, 1912. due $4,000 an |
nually from 1917 to 1860; 100000 cXposi- |
lion, dated May I. 1912, due $4,000 annually |
from 1915 to 1883. $500 fire protection. 500.
es sewer. 10000 school and $4,000 hospital |
bonds, dated July /. 1903. ami due scrially |
from 1919 10 1850
Treasury Bond Sold.
The ST. Louis Rocky Mountain and Pa
cihc Company has sold $4,000 Treasury |
bonds of outstanding issue OF $4,000 first !
mortgage per cent bonds. due July, 1850 |
Proceeds Of this sale will be used to REIN |
burse the company for payment Of short |
term notes which matured on April l. and |
for additional working capital.
Copper Companies Production.
Referring 10 the effect OF copper earnings !
Dow, Jones & 60. have the following:
Production figures OF the Anaconda titan |
and Nevada Consolidated Copper companies !
IN April give one a good idea Of what these |
concerns can earn on basis OF l6iz-Ccnt |
copper. A copper expert figures that earn !
ings OF Anaconda are at the rate OF nearly |
NzZcDc0J A year. or Approximately $0.lo d |
AFnalpafn1tal'g lOre- |