New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-16

staff. and it is not expected that INV
ical change in organization or onera,,,.
conditions will occur.
Iron Trade Review"
The weekly review OF the iron and ste.,
trade by The Iron Trade Review" ~
Cleveland Is in harmony with the genera,
reports that have been published duriro
the last few days. To-days review nv tbot
journal will say: Offering Of premiums o..
prompt delivery Of plates is one Of the IN.
dications OF prosperity that have develoned
within few days. Prices are being VOL
maintained on finished products and furtber
advances are expected. Higher quotations
are being made on nuts and bolts 1,bain
ras advanced 81 ton. and further ad.
vances on tinplate and other finished ma.
terial would not surprise the trade. All IN
creations point to an extremely busy sum-
, mer.
Gar buying is quiet but number Of rail
sales are still being made. The Seaboard
Ar Line has divided 1900 tons between the
tennessee Coal, Iron & Railroad COMPANY
| ana the Bethlehem Steel COMPANY and tho
Atlantic Coast Line 10000 tons between the
tennessee Coal, Iron & Railroad Company
ana the Maryland Steel Company. The
| L%opoldlna Railway of Brazil has ordered
10000 tons OF the Carnegie Steel Company
Large steel makers are still short on steel
70 NIL the demands Of the finishing mills
one large maker this week bought 10000
tons OF billets additional in the open mar
ket bringing Its recent purchases Of semi
finished steel up to about so, 900 tons"
He's from Missouri.
| Commenting on the present market an old
| timer who can read a ticker like the av-
| erage messenger boy can absorb a baseball
score said: This may be fine bull mar
ket and the prices may be going up 80 high
| that any fool can make money by shutting
his eyes and buying anywhere In tho list
but YOU have got to show me. Whenever a
market jumps up like this one has. and some
| Of the leaders get tired, It's sure sign
| of distress 10 see the cats and dogs
! brought out and boosted to support the
! market. Union Bag. for instance. ia Gne
/ support for n market. Suppose the tag
should leak and oil the air should go out
/ | Mon Bag would he fiat and hot air is
very apt to break paper bags. Enameline
! is fine-iust needs some enameline TO put
I a coating on this market. Hide and Leath-
/ or IS another. OF course. the floods md
| vet weather make a demand for boots and
shoes. SO it is natural that Hide and Leath-
| er should 20 up or down. There are lots Of
/ the little fellows that Will sell up, because
| the stocks up for sale. but some day.
when the present purchasers want TO dis
| pose of them the specialists will all be out
at luncheon and quotations will be lacking.
! | hope the market will go M, but II Is
| just a. easy to so down"
Canadian Northern.
! According to Ottawa, Canada. dispatches
! NJ H. Macleod. general manager OF the
Canadian Northern Railway, is reported as
1 saving: The Canadian Northern Railways
construction programme in the province Of
/ Alberta during the present season Will be
/ ~ far the greatest programme ever under
| taken I'm 2 single year in any province or
| Canada on the main line We hope 10
| reach the Yellowhead Pass before snow
| fies.'
Northwestern's Decrease.
| The Northwestern, by margin OF 1851
/ failed 10 earn its common dividend for the
nine months ended March 81 and the stock
| sold down in Yesterdays market For the
! last three years there has been some de-
crease in earning power, ana Some cIluCs
| have believed that the directors would
| eventually he forced 10 cut the common
dividend. The calendar year in the North
western showed balance OF &OO'VU at'er
| the payment of dividends. During January
and February the adverse conditions
brought this surplus down to S1oco. ana
by the end Of March the decrease had eA-
hausted the balance. Had not other income
shown an increase of sl5SoB and hxed
charges a reduction of s62ls6 1t is evident
that the nine months income account wouid
have made poor showing. The following
tsbulation will be enightening IN showing
| where the trouble has been:
| For six months 400 ~ IN tTa so7
| Operating expenses. ........ 26eO4sI5 2s'oo 'S+'
Operating ratio .-..-.''.''' "''''
| For nine months "a, oo-
Cross earnings ............ $3.50. 100 o. %. p3
! OneratInr expenses ........ 40OIO,Gs9 90
| Operating ratio .........'.. '<'41o ''''f'
PUBLIC UTILITY NOTES.
| and