New-York tribune., 1912-08-11
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

our conquering heroes. the olympian
..bIstes. returned yesterday. That's why
.. stock market was cheerful and strong.
r"rIdn't keep prices down on such day.
a Standard Oil Increase.
poston report says that the Standard
An conpany of Kansas has about COM
S,.,ss plans for a capital stock increase
I'm 81 10000 TO S10,000O00 The new
-hares the report says, will be distrib-
- among stockholders as a stock divi-
Sard In 1906 1876 per cent dividends
u.sre paid 10 the parent company. but
.nce dissolution 10 returns to sharehold-
ars have been made.
Railroad capitalization.
In an article touching railroad cap
.aHzstion Thomas Gibson has the follow
ing paragraph
~As 6 country grows Older the capital
,z,ton per mile grows heavier without
decreasing the value of the properties.
The railroads Of the United Kingdom are
.,pltalzed for $274964 per mile; Ger
many. S111,737 per mile; Russia, s79.136
nor mile: France, s141,920 per mile;
Austria S1t5,130 per mile Italy, S125,-
,o5 per mile; Canada, S64,54O per mile,
and thc United States. $5S,S16 per mile.
Change in Chicago Rules.
An amendment has been made to the
commission rules on the Chicago Stock
Exchange. so that tho charge Of one
eighth will apply on all stocks selling az
rrices UP TO $500 a share. on shares
,slnr al and above $500 the charge will
NJ one-ouarter. The former limit Of the
one.elghth commission was 5000, and the
change was made because Of the advance
IN Sears, Roebuck & CO. common 10 above
that figure. as IL was found necessary 20
ADVANCE the limit in order 10 prevent u
larre volume OF business In that issue
being diverted TO New York.
s2oo,ooo,ooo Bond Issue.
4 meeting Of the stockholders II the
rh,earo & Western Indiana Railroad
Co-,panv a terminal company, has au-
,ho1z.d a bond issue Of S2oo,@o.cc The
bonds will be used for the refunding OF
existing issues Of the Chicago & Western
Indiana company, for payment for the
Chicago Union Transfer Railway. just ac-
ouIred for the erection Of the passenger
and freight terminal on the Chicago clear
ing Yards site and for Improvements.
The Market Outlook.
In their weekly letter. Henry Clews &
Co end with the following paragraph:
"The outlook for the general market is
.tiu for increased activity as soon as the
leaders are prepared 10 assume the inl-
tative. From now on politics VIII be less
disturbing; the harvest will soon be be-
yond doubt: business will have chance
N resume normal activity; Congress adj
.ourns soon; the international outlook Is
clear. industrial conditions at home are
tntrinsicalIy sound; increased activity IN
pig iron shows confidence in that quar-
ter. the financial situation is sound, and
the railroads will soon be taxed to thelr
utmost in moving the crops, so that there
,s every reason 20 assume a more cheer
ful attitude toward the future.
Anthracite Coal Shortage.
serious shortage Of domestic anthra-
eitA coal confronts consumers, according
N THE Black Diamond which IN its
Ia at issue comments upon the situation as
follows: III
"rhe anthracite situation is rendered all
the more grave this week by the an
nouncement Of the production Tor the
month of July and the securing OF actual
ay1res Of shipments up the Lakes tor the
same month. These figures OF lake snip
ments refute the charge that mas peeh
made by the Eastern retailers that pro
suring companies were shipping the puiK
az their coal West. Here is the lake SIT
uatiop in a nutshell: April ! found all
,bA lake docks and territory adjacent
hare OF anthracite coal. No coal was
,hlpped during April and May because
Of the suspension IN mining. In June lake
,h,pnents were only 1874 tons, de-
crease OF over g. per cent from June, lsl1-
shipnents from Buffalo for the month
o. July Just past amounted to only SeS,-
~ tons. as compared with 1ll,OOO tons 10Y
lhe same month In 1911, decrease OF L.
n tons. We have not obtained of1cial
srlres from Oswego and Erie, the only
ether two points at which anthracite
toal is shipped by lake, but from best
HI0TCQEklOA ODkdIldyAN H4l4BF4SAS' NS'
July from these two ports will show
decrease as radical II not more so, than
a. Buffalo.
FROM these figures It can readily be
seen that during the three months that
yet remain IN which coal can be shipped
up the Lakes that the companies that
ship in this direction Will not be able to
get enough coal forward 10 I'll their stock
piles, even IL they we're 10 send their en-
ure production in this direction.
Utah Copper Digest.
The production of the Utah Copper
Company and its earning prospects are
gwen as follows by Hayden, Stone &
Co.:
Utah Copper treated in June about
M.eoo tons, producing 9,234,4s5 pounds OF
copper Both figures show something OF
falling off from the previous month
due partly 10 June being shorter
month than May and partly TO readtust-
nents that were made in the coarse
crushing department Of the Arthur plant.