New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-04
Mortgage Recorded.
rhorounhlY Optimistic.

II is said that the gross business of
the Loose Wiles Biscuit Company for the
half year ended June 90 was approximate
,v % per cent in excess Of that for the
corresponding period Of last year. The
rapid development Of new business in the
Eastern market as a result of the recent
new financing arranged IS said 10 be very
4ncourag sing, and officials are optimistic
Z I'm regard TO the outlook. The Boston fac
tory, II is reported, Is running twenty
four hours day.
A Sanguine Report.
President Winchell OF the Frisco sys-
tenn. who has Just returned to Chicago
from a recent tour over Southwestern
lines says
i never saw crops Of the Southwest
looking better Corn is grown in South
srn Texas and nearly so in Northern
Texas and will produce a big crop in both
the above sections Of the state while
oklahoma had good crops of oats and
wheat and corn IS coming along nicely.
Cotton is Just about ready for market
IN both OF those states. The first bale Of
new cotton in the United States for this
year was shipped from Hurlinger, Tex,
TO Houston on Tuesday.
Earnings OF Frisco are Frightening
up, and the showing for June will be ex-
celent General business conditions show
material Improvement. This. It IS said, is
attributed principally 10 the crop outlook
IN all parts OF the country, and in q large
measure 10 many orders for railway
equipment having been placed during the
last two months. These orders have had
an immediate effect by increasing sctivi-
= Gties at steel mills. ore mines and saw
mills
TN CrucibIe Steel Outlook.
The present fiscal year Of the Cruciblo
steel Company, ended with August, IT is
said, will be the best since 1910 as the
year will show IS per cent at least earned
on the preferred stock, compared with 1923
per cent earned the previous year. 1t IS
estimated that net earnings should be at
least s3,25oO0o for the current year, and
This amount, # obtained, will be equal TO
iS per cent, or per cent more than the
'preferred dividend requirements. Crucble
has never paid common dividend, and in
the first two years Of its existence, 1901 and
1905. the regular per cent was paid The
regular dividend paid last year amounted 10
I7% per cent. an increase since 1902 Of
2 -ioss per cent This was paid by 10 per
cent scrip the regular 7 per cent and =
per cent IS an extra. Through 1911 the
company paid the regular 7 per cent. and
there IS absolutely no cause for not con
tnuing the same The first nine months
Of the Crucible's year should be very favor
able and there IS every indication that this
viii be held up for the rest Of the current
fiscal year 50 that the 3 per cent estimated
TO be earned will probably be better than
most steel concerns.
q. Old Dominion Trust Receipts.
tee u will probably take several months
possibly longer. TO liquidate the securities
held in the Old Dominion Trust The mar
bet yaluauon Of these securities IS about
s250000 and the list includes around nifty
different items Three-fourths Of the total
value is represented by the shares Of the
Amalgamated Copper Company, the Ameri-
can Telephone Company and New York
City bonds, which can be liquidated easily
T. is estimated that after paying all legal
trustee and other fees and expenses the re-
oeipts will hquidate between $ll and ST.
and it IS said that st may be decided to
make liquidating payments in instruments
& Another Melon Prospect.
While nothing decisive In regard 10
making bonus distribution 10 stockhold-
ers Of the General Electric has been agreed
upon, present indications and rumors show
that the capital stock will probably be in
creased 10 approximately 500 900. On
December 81 1911. there was outstanding
i-7.335.2Oo The permissible capital stock
r. listed at $4,000 90, Of which 1851 800 -
unissued The S2O,0OO,OOO additional stock
viii be straight out-and-out bonus, free
from payment. This seems to set at rest
. reports that the shareholders would be
obliged 10 pay par for the new stock u
T. Is said that based on the present market
: ,sluauon, the, 100000 shares 10 be dis
= tributed pro rata among shareholders would
have q valuation Of approximately $50
100000 The surplus Of the General Elec-
tric Company at the close Of last year ac-
cording 10 the records, stood at approx
mately $50, Oo0 00Q. The growth OF the
General Electric Company's business II Is
said. has been remarkable. It's sales in
Guiding subsidiary companies, u Is est
mated. have recently been running at the
rate Of about Ss,s9so0o q year.
May Increase Dividend.
II Is rlimored that the Underwood Type
vritsr Company will increase its common
dividend rate this fall. At the next al
rsctors meeting II will be voted, II present
reports are true, 10 put the stock on either
as or 6 per cent per annum basis, pre-
sumably the latter For the first six months
of the companys present fiscal year which
runs from January 10 December net earn
ngs, after depreciation charges were ao-
stracted. were at the rate Of 81 100000 per
annunn This is considerably more than VI
1911 and means a good showing on the
eommon stock after the payment Of per
cent dividends on the preferred. In 1911
1892 per cent was shown on the common
after preferred requirements were met
June Bank cIesrings.
Z Bank exchanges in the United States TOT
June as reported by Y. G. Dun & Co, az
gregated sl3.637, l2l 754. as compared with SD
1a52s,4i4 FOR June. 1911. decrease OF J." per
cent. and sl3,s1o 1853 for june. 1910 de
crease Of 10 per cent. Allowing for direi-
snes Of one day in the month, TINS year
compared with both preceding years 'heI
Is gain Of 20 per cent over 1911 ana ~
per cent over 1910. and this notwthstahdihs
The fact that New York city with re-
duced volume Of trading in the specuia'lEe
markets this year. shows loss.
Big Steel Holdings.