New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-04
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

A woman III AiSSiSblppl ITltO 10 get q
s,ate charter for a company called the
"Gsts Of Heaven" II was too specu-
,o,ive. however, for the Governor Of the
state. and he refused 10 sanction such q
charter With a good prospectus and
sone plausible publicity work a lot OF
p,ople might take a long chance and buy
few shares. Such a company In Wall
street would be popular. II they could
inst get q look at the gate some brokers
would bid up the stock
Growing Terminal Demands.
An instance OF the spreading terminal
improvements which railroads are now
being called on to provide is in New Or
leans, where $4,000 is TO be expend-
cd for property TO be used for terminal
purposes. a decade ago such sum for
this purpose expended In the Crescent
City would have been out of reason.
Nav Canadian Northern Issue.
According 20 sdvices from London the
Canadian Northern Railroad has In pro-
cess Of issue some fresh capital. The
amount IL Is said, will be 100000 per
cent convertible debenture bonds.
a Commendable Programme.
From reports OF inside happenings not
made public and the general earmarks Of
movements, the Consolidated Exchange
seems 10 be improving the tone of its
membership and endeavoring TO establish
better protection for its clientele Ex-
pv!sion of members for irregularity II
consistently carried out is comnendable.
The Steel Trade Development,
Al the rate orders for steel are being
booked By the United States Steel Cor
poration, II 10 said that by January fully
60 per cent of the 1918 capacity will be
contracted for Reports are current that
about 50 per cent OF the orders offered 10
The corporation are turned down owing
20 the lack Of capacity for handling them.
One million tons Of steel rails have al
ready been accepted for delivery next
rear which II about one-third the total
tal production for 1e1L
New Preferred Stock Offering.
According to a report from G. F. Childs
d Co. of Chicago, an Offering is 10
be made Of SL00o.Co0 per cent Gu
rnulative preferred stock Of the Avery
Company, of Peoria. III. The company is
said 10 be one of the Oldest and most
successfui manufacturers OF agricultural
implements in the world The stock is
preferred as TO dividends and is reported
a. tax free IN the State Of Illinois. The
rompany's reported total assets. above all
debts, are g, 40, 2s9; liquid assets, ABOVE
al debts. S,Si6,s5s. The average net an
nusl earnings FOR four years we're sl7l,S20,
and the net earnings from January / TO
tune 10, 1912, were s2SS,ss0.
Panama Canal Trade.
The Exporters Review" in q paragraph
cornmenting on the Panama Canal, says
e. part:
In anticipation of the opening OF the
Panama Canal, Chill. Peru, Ecuador and
Bolivia are extending their railroad lines
from the coast to the Interior, thus open
Ing I'd much rich mining and agricultural
territory The linking UP OF these lines
into a Pan-Americsn railway whereby
traveller. can 20 BY rail from the United
States to the foot OF the South American
Continent will be taken caro- OF when
the increased commerce OF those ccun-
tries demands IL. Freight, OF course, will
always be shipped by the cheaper water
Route The press Of Chill, Peru and b.
tvia consider that the Panama Canal Is
the most important factor that has come
Up IA the history Of the New World. Tho
saving Of time and the decreased freight
rates by the canal route should In short
time increase the foreign trade Of those
countries from its present $St1,ooo,GD to