New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-26
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

wv
II is not so bad after ALL OF course,
the Harvard Yale game is over and the
arbitration board has made it's award to
the engineers, but there is a prospect Of
war in Europe, the call money rate took
a fight yesterday and graft charges
have been made in the local Fire Depart
ment. Looks as though Wall Street may
be kept going for a while.
improving Farm Methods.
North Dakota this year las shown an
unprecedented corn production. There
was a total Of 500, 900 acres sown, or an
increase in two years of approximately
100 per cent The corn belt was shifted
10 the northern part of the state as a
result of increased dairying activities
and stock growing by the farmers. The
state had a pioneer movement in better
ing farming conditions through an assoc
citation which is completing its first sea-
sons work. Not only in North Dakota
has this association, which was organized
by business men and bankers Of Mime
sofa and North Dakota, been influential,
but. its success has been felt in other
states. If the work continues to be sue
cossful the idea will probably extend
throughout the Northwest.
Chino Copper Prospect.
There is a disposition on the part of
some publicity bureaus to emphasize the
progress Of the Chino Copper Company.
The news bulletin says that. judging
from the operations so far developed. 1t
IS not unreasonable to expect that the
present concentration will reach a capac-
ity OF 1000 tons a day on average grade,
which would show production of some
thing more than 100000 pounds Of
copper per annum. Based on this result
and the cost Of 6iA cents pound, as IL
IS reported that Chino product costs. the
earnings would be around 50 a share.
These figures, of course, are based on
very low cost Of production. but est
mates Of copper men indicate that the
company viii be able to disburse salts
factory dividends, barring unfavorable
developments.
An Encouraging Future,
The Baltimore & Ohio occupies q very
favorable position as regards it's future
for net earnings, due partly to its devel-
opment Of efficiency, which should allow
q greater saving in gross. OF course. the
road has been putting large amounts into
maintenance Of equipment and the road
bed which sums have been charged to
the operating account. When such ex-
penditures have reached a point where
this exception may be eliminated and the
normal expense items will be all that are
included In the operating account, then
the Baltimore G. Ohio will be able to
make an even better showing The pros
pect Of this road is good as It is one of
the important systems which will show
} IMPROVEMENT in all its sources of revenue.
; Cluett. Peabody Financing.
To extend it's present shirt and collar
{ manufacturing business. the firm OF Gu
EFT Peabody & Co. is TO increase it's au-
thOIized capital stock from slsOOo,0c0 to
100000, Of which $1,000 600 will be per
cent cumulative preferred and slS,0OO. 900
common. Hitherto the preferred stock
las- been on a 6 per cent cumulative
lasts At present The senior issue
amounts TO 100000 and the common to
S-GyF,oN, making the increases respec-
lively 100000 and 100000 II will be
recalled that the common stock OF this
concern was increased In September, 19O9
from $4,000 10 the present capitaliza-
ton by the declaration of a 300 per cent
stock dividend, while simultaneously the
preferred was increased from 100000 to
SfC03Q1N The annual production of the
main plants Of Cluett, Peabody e Co.
located at Troy and Rochester, n. Y. and
LCOaiuster, Mass, aggregates 10000
dozen collars and 10000 shirts. New York
bankers who are mentioned as probable
underwriters Of the new stock are Gold
man, Sachs & Co. and Lehman Brothers
Visible Supply of Coffee.
According to statistics compiled by the
syadlcat Gu Commerce des Cafes, Of
Havre, the total visible supply OF the
world or october /, 1872 was 121s1, 900
sacks Of 1923 pounds each, distributed
as follows: Europe-stored in Havre.
211SOoO; Hamburg, L47200O; Antwerp. SO1,-
90; Netherlands. $4,000; Trieste, S07. 900;
England, 245 900; Marseilles, $4,000; Brem-
en-, l06,O 600: Copenhagen, 1900; Bordeaux,
1900; total 5705,OO0 Cof which 4,5S3, 900
sacks we're Brazilian Coffee; en- route to
Europe. 23O00;, total for Europe, $685. 600.
United states-Stocks, 2.O5s0oO; en- route,
$4,000; total. 2G4sOOO (of which 1,742. 600
sacks were Brazilian coffee. Brazil
Stocks at Rio. $4,000; at Santos, 100000;
ct Bahia, $4,000; total 2,9s4OOO. The COM
mercial movement of coffee at Havre
during the period from January to Octo-
Der i, 1911 and 1912, respectively, was as
follows, In sacks: l9ll-lmports, SIO49;
exports, 1,2l5,eI; l912-imports. 1.07s,7S8;
exports, 1,2S5se5. Havre is the leading
coffee market in the world in volume Of
stock. but New York is ahead in COM
fnarcial activity