davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
UNITED RAILWAYS BIG YEAR
Large Increase in Holding Com
pany Surplus-Dividend Outlook.

The report Of the United Railways In
yestment Company for the year ended De-
cembcr 81. 1911. shows total income Of
50 1856 iss. Of which s24H679 represents Givi-
bends on stocks owned and t91,S6a interest
on loans. etc After deducting expenses,
etc. s7O5a7. and interest charges OF s.2s.-
L. the surplus for the year was SWE',
AN increase of 1880 Total surplus was
Sc. 209, eos. and the profit and loss surplus
&c Of December q. after subtraction OF
500 SO. tho discount on the per cent
notes of 1905 was SSll0,23o, an increase of
t.u.4j2.
The report OF the United Railroads Of
san Francisco for tho year ended last De
cember 81 shows gross earnings Of s7.SSs .
l36. an increase of t232.Gi1 operating ex-
ponses and taxes, $L7o6.Gl, decrease OF
SO. 90. and net earnings OF t3.l79,160 Total
income was SS.4i3.Ia2, a gain of Si2s.2si and
the balance after charges Of s2o9'.2i@ was
s. 34s.51s Deducting sinking funds of
t3%0s9o and a731sS for rentals. depreciation,
etc. a balance remained OF $685., 79l and the
surplus for the year, after payment Of
dividends Of $4,000 on the first preferred
stock, was NI,79l.
the report cans dtlPilloH VI inc law
that the advance monthly reports of tho
United Railroads Of San Francisco show
that the gross earnings for the first three
months Of the current year exceed those
for the corresponding period Of 1911 by
si892js, and that the net earnings FOR the
three months were sl53 80 larger than for
the quarter ended March 81. 1911
Regarding dividends on he preferred
stock Of the United Railways Invest
mcnt Company, thoN report notes that
the terms Of tho preferred stock divi-
dend certificates" specifically provide that
no cash dividends shall be paid while these
certificates remain outstanding and unpaid,
and also that the agreement under which
the per cent serial notes Of isos were Is
sued provides that no dividends shall be
paid until ~ per cent 81 the notes shall
have been paid-a provision which viii
cease after February 10, 1919, 10 prohibit
dividends.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04

1925 IS h. 81 81 To- IS Virginia resi- h. ssos IS
+ 71 &c. ID s. sta 49, 81 Is! t. 81 :s
ST Of: S. iio5 ID, s. 80: / 1850 %, 81 40; J. $50
o. s. 2 T2o oa y s. 80 80 $50 CONS w. us r.
IT, s. g. a. ,ii i, y ri h. S. so ioiI d. S.
T. ss' TO- ITO H. 81 10: ei5 ID, 81 Is; ss$
10. 81; TO- $50 ID, 50 50; IL; $50 10; % IS; 10
$40 il, 81 60 4 1907 lb. 50 40; II, $50 h. IS 80;
CALVES Receipts f5l7 head: LII! on
sale. Market opened SLOW but steady: closed
&c lower Common 10 choice veais sold AZ -
n 50 - per 100 10; one bunch, 80 80; cults, ,"
a SO so Dressed calves, l1al4i.c for city
dressed veals and 9is q12isc for country
sales-Kerns Commission Company. 10.
vcale 1Is III average. 50 IS per 100 ID; "a ia
ID. So: 10 culls, rs H. So
s. sanders: go veals. 1871 Id. SO: 81. 1ss y,
S. rs 105 l25 Ii. IS %; 2. 1S5 ID. 81; . culx
ia h. So 80; ~. lis ID. SIS.
s Judd & Co: 20 yeals. III ID. IS Is; 50;
los h. s. i2ls II culis. io7 Id. $3.50; FED
Newton 1V & C Co =? veal $50 ID. 50 25: ~. 1913
w: R. Hume: 81 veals. 14a lib, 50 So cull''
3. ", Otis s c.: so veais, 1874 lO' 50 rs; 5
c" SHEEP T and LAMBs--Receipt.. ash cars.
or 5.855 head: !; cars on sale. Very little trad
ing and at a decline OF soc a small traction
OF the stock had gone 10 the scales az n ~
hour The dead market has not RESPONDED 10
the figures paid wednesday: Good clipped
sheep sold at Sc IS a 81 per 100 ID: few com
mon woolled lambs, so. Dressed mutton lover
at l2aI5c per ID: dressed lambs weak AZ Ion
lee country dressed dollhouse lamps steao'
At S4dsT per carcass. -, ,,-.,.
saies-Nowton 6. Co: % clipped Penn ,cn e
MIA sheep l22 ID Average, at 50 20 per l"y 10
HOGs-Receipts. 81 cars. or 1885 head. !
car on sale. Market averaged 2sc lover Liss'
10 heavy hogs sold at 81 151< 10 per 100 10,
pigs at sTgsT %. Country dressed hogs steady
at 20 Zoe per ID "a, Il
average. IS 10 per 100 10; roughs; 3o5 ID
81 10.
Newton & Co: 81 Pennsylvania hogs IA d.
81 so: rough. $50 Id, 81. 1900 a.
Tobn & shannon: state hoss, ITO To- "
Iudd 6 Co: pigs. 10 ID, 81 e5; rousns
600 ID. 81
s Sanders: o state hogs, 1873 ID. g.
Kerns Commission Company: se fennsyiSs.
MIA hogs. 1870 b. IS: o state, It's 10, W az
Pennsy wanna pigs, 100 ID. 81; rousns' 1'
IN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
PAPER MAKERS MAY STRIKE
They Will Confer with Interna-
tional Company To day.
ny Telegraph TO The Tribune


Albany. May al. 7. Carey, Of Albany.
president OF the international Brotherhood
Of Paper Makers. left here tonight for New
York, where, with other members Of the
brotherhood. he will meet In conference In
the Hotel Latham tomorrow representa-
tIves Of the International Paper Company.
Mr. Carey said he had grave fears OF
strike that viii tie up tho thirty-six mills
of the international Company for the third
time in five years
The International brotherhood OF Paper
Makers has 1900 members. The conference
Tomorrow Is continuation OF one held in
conference, Mr. Carey said, tic mill repre-
sentatives promised TO meet the brother
hood men within two weeks. The delay in
calling this conference, Mr.. Carey an
nounced, was the cause for his belief that
the company will refuse the demands Of
the union.
''In case the company does refuse our de-
mands IT may mean a strike" said -:r.
Carey ~ am In favor Of a strike unless
the demands are granted. The delay and
the lack OF the disposition OF the company
TO meet our delegates leads me to the feel.
ing that tho company may not be disposed
to meet our demands. which arc reasonable
IN every way.
The brotherhood asks FOR an increase OF
wages Of two cents an hour for a majority
Of the employees Of the mills and three cents
an hour for others whose wages we're cut
at the termination OF the strike OF the
paper makers organization in 1908, which
resulted In the men returning to work at
the company's terms Tne mill workers
also demand an eight hour day for ma
chinsts millwrights. steamiitters, carpen-
tiers and all others who are now working
rine hours q day"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
EXPORTS
CASH QUOTATIONS,
GENERAL MARKET REPORT.


GRAIN--WHEAT--The news was rather
more In favor Of holders. and prices early ad-
vanCed .dlisc. With active buying by commits
sion houses Selling increased ato I'm the day
and the market lost most Of tho advance, clos
ing at net gain Of y q sAc. The details OF tho
Snow report were GUIDED carefully and con
s'rucd As decidedly bullish. while this authority
Was disposed 10 question tho estimate ~ h3,t~.-
GOO bushels on the Kansas state report ngures
claiming that on condition Of sl.2 per cent ~"
crop probability was ~ rr' 81 1000 the
Modern Miller report showed q general lowering
of condition throughout the eleven principal WIN
tor wheat states aud placed tho abandoned acre
ago IN these states At 4.G5O.ID, compared win
this authority estimate year ago OF q decrease
$4,000 acres abandoned In the whole country
Cables were frmer on the probability ~ liberal
Imports into Trance, owing 10 the decision TO eN
tend the time Of imports. No red hoop 81 - y
elevator. export basis. and 81 23i4 o afoat
No ! Northern Duluth 81 - o b afoat, opening
ma legation. CORN-Stesdy early. with moderate
buying on the 1rmness I'm wheat, but prices
weakened and closed NJ a net decline OF isdtc
Export corn here. 50; nominal. b anoat
OATS Improved weather conditions and tho de-
cline I'm corn had depressing influence and
prices at the clOse were easy at n net decline
of A1ltc Cash oats steady. standard white
SIC IN elevator: No . sc: No 3. G2'.c; No T.
go. natural aud white clipped, S2n B6c on track
RNE-Quiet; No . ajc nominal, ! Z Buffalo
BARLEY steady; mating. 81 2tdl IS. 4 Z
Buffalo. Wheat Including -four exports for the
week, according 10 BradstreetS aggregate. 3.
343, il2 bushels, against 2. 1854 last week and
19fia27 last YEAR. since July I, 1910. sgi522
bushels, against l0l.T24 l05 last season. Corn
exports for the week. Ia. 5a3 bushels against
1872 last week and go 059 last year; since
July !. 32,6l2'o2s bushels, against 4o6i 239 last
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04

PRONISIONs--Fir Firm most OF the day Late
however. prices weakened. In sympathy with
corn. and closed az the bottom PORK--Stcady;
mess. $50 ~ s2I family, $50 30 a SCI 80. short
clear. $40 20 a SEQ 25 BEEF--Flrm: mess s14
a 81 10: family. sisTSis so. packet. s1s 80 a
ST.: extra India mess, SIS 30. BEEF HAM
quiet at s2SaS3i DRESSED UOGs-Barey
stead: bacons. 10s. n i0s.c; pigs, lii,c CUT
MEATS-PickIed bellies. II qi2c. picked
hamf' t2i, n i2i-c, TALLow-Flrm: special
&c: city sisc: country, So ic. LARD-
steady; middle West. IO.soa 10osc; city
f0i,c, refined South America - CSC; Cont
mont II 55c: Brazil. kegs. iS.25c: compound
Dae+c sTEARINE -oleo. lie; city lard. i2
METALs-CoPPER- STANDARD quiet; spot
IS 50I l585c: May aud June. i5.sod Is GO i,c
July August and september. 1850 II. Coo.
London quiet, spot 100 i2o sd futures, 40 IS
ID Exports. 100 tons so far this month. lake
copper Iets pi6tc; eiectrolytic, leaIsh /;
casting, 13A. 6t5Isc. 1IN-Eesy. spot sS.5a d
- 75c. May. IS .oe 45. zoe; June, si.eoG as 13c;
july, 4t50a4i.ISc; August, t4Ial25c sep
TENDER. H6 25c: London weak. spot. i26s
gust al s,c. LEAD--ouiet AZ tlcaLiTisc
fI6 10. sPELTER-ouiet 81 ssoa e. poe New
York and G6od 6t5c East ST Louis. London.
f2s IRoN-Ceveland warrants. SIS Tisd in
London Locally steady; No 1 foundry North.
ern, no ! Southern and soft. SIS :5d SIS rs;
No . Northern. Si5d sis 30.
COTTONsEED OJ.--Ajyanced sharply carly,
with the near positions at new high records
for the season. Late in the session the market
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
COTTON MEN FIGHT ROAD
British Firm Asks Subpenas for
l.. G. N. Officials.

Louisville. May application for sub
poenas for Milton H. Smith, president Of the
Louisville & Nashville Railroad. and other
officers OF that road requiring them 10 APP
pear with certain papers, was made in the
feceral court here to-day By New York al.
torneys representing Alexander Ecclos q
Co. Of Liverpool
The application grows out of the knight
Yancey cotton frauds, the British firm seek
Ing to hold the railroad partly responsible
for alleged fraudulent bills OF iading. The
papers wanted are said To be letters which
passed between the railroad and the seera
Steamship Company. of Liverpool. between
1905 and 1909
The suit OF the British frn against the
road is now pending in the United States
Court for the Northern District Of Ala
bana. where the knight Yancey firm was
doIniciled May 10 was Get es the date for
hearing on the application.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
TO DISSOLVE AMALG AMATED
Action Expected This Year, Ana
conda Taking Over It's Assets.

Tho ronort was revived yesterday in W ali
Stree, chat tho directors OF the Amalga.
mated Copper Company are planning an
carly dissolution Of the corporation. prob
ably. before The close OF this year. Some OIL
the directors it is said, favor bringing the
pronosal before the stockholders AZ their
annual meeting next month, while others
suggest that q special meeting be called
4 T. per cent vote of the stock Is necessary
for authorizing n dissolution but 1t is said
that little difficulty would be found in Sc
curing that proportion, since the rsief
function Of the Amalgamated now y 10
collect dividends from the Anaconda COP
per Mining Company and distribute 'hem
among It's own shareholders.
The Amalgsmated Copper Company IN
corporated in April 1899, purchased control
Of n number of important copper mining
properties including the Anaconda. n the
spring OF 1910 the Anaconda Copper Mining
COMPANY took over the stock holdings OF
the Amalgamated in the other subsidiaries
of the latter company, and subsequently
these properties were merged with the
Anaconda The Anaconda's capitalization
was increased from 100000 70 sl5o"p'V"'
and of tho new stock s75.Jo0or0 was issued
10 acquire the other properties from the
Amalgamated OF the t1o83I9,5Co ontstand-
ing stock Of the Anaconda N6Si5,oo Is
owned by the Amalgamated.
The Amslgamated Copper COMPANY III
addition 10 owning the large majority OF
the Anaconda stock, holds in its treasury
tho stock Of the United Metals Selling
Company. to acquire which It sold I'm 1911
S2 10000 two-year per cent notes. matur-
ing on April I, 1918. Tho assets OF tho
United Metals Selling Company include
100000 OF the outstanding 100000" stock
OF tho international Smelling and Refining
Company 1t is said to be probable that
the Anaconda. upon tho dissolution OF the
Amalgamated. will take over the United
Metals Selling Company stock now owned
by the Amalgamated and assume tho obli-
ga ton Of the notes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
TRUST GO. GETS A CHARTER
Transatlantic Of New York Incorporat-
cd with 500 900 Capjtal.

Albany. May 3.--superntendent Van Tuy'
OF the State Banking Department has
granted certificate 10 the Transatlantic
Trust Company OF New York, with "a capt.
tai Of 10000 permitting It to do business
The directors are;
II. Rieman Duvsl. James @. Cannon, John
". Platten. Calvert Brewer. Stuyyesant
Fish. Walter Luttgen Henry II. Wehrhane.
Clark Williams. Arpsd @. Gerster, Gustave
Leye. Morris Cukor. Arnold sonlyo, Will
lam C. oakman. Alexander Van Nuber.
Hans Winterfeldt and Julius Plernitzer, OF
New York
4 certificate Of incorporation has been
fled BY the New York Edison savings'and
Loan Assccis ton. or New York.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
THE MARKETS

The wheat market was unsettled yester-
day. with considerable fluctuation in prices.
In the main. however. the tendency was
slightly upward. There was brisk trading
early in the afternoon, which later abated.
The upward trend was prompted partly by
reduced crop estimates. Corn was weaker.
the demand being inactive and offerings
fairly heavy. Excellent weather West was
reported Oats were steady, with the deal
ings light
Cotton was quleter Yesterday, with set
Ting condition developing I'm the market.
Al the opening there was some support,
with prices ranging about unchanged from
Yesterdays closing, after which there was
steady slump of l. points. rally follow
ing later IN which part OF this loss was
recovered. The market was weak. however,
as a whole Tie weather was cloudy ana
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
LIVESTOCK MARKET.
New. York. MAJ 2.

New York. Ma =. 1917,
REF.Fs-Recelpts. 1875 cars. or 2.4is head;
80 ears on sale. Market SLOW, but prices STEADY.
with about all The stock sold. Medium 10
rbo,ce steers sold at so 0nr IS ~ per 100 III:
rvlt. 81 5OasT -: COWS $3Ts6 ~: tail ends,
So so pressed beef in fair demand and stead y.
Fxports 10. dav. beeNes In the NiFiiancia 10
Nassau: tomorrow. e62 beeves in the Michl-
gan 20 Antwerp, - .,-..,. .s.
,oTs IN average 81 ~ per 100 ID: 5. $40 III.
a. 10. hull 1920 III. 81: / $50 ID. s5 rs: !.
$50 m, sS To- a. HOS n. IS 80. cows. liSe
IN. sails. . I0s5 n. IS 90 y 1880 IL 80 ~; J.
ITO III a. so: 4. soy H. s5 2S: Dos 10. 81 80 .
$40 n. 81 rs -. s1T N So - = $40 IN.
a. 50. ). $50 ii. SO IS. I. $40 H. 81 20; T. 'ss
10 sS 6 CO.: o P.nnsylvsnia steers. 1879
IN az 40. 4 bulls 1898 ~. So so: q as5 ID.
sS 90 l. $40 III. SIS: heifer 700 lb. sc 80. ?
avs oia 10. ss: q. eiT 10, So 2i 3. 900 IN. SIS;
DO in. a. so: s. $50 N. 81 30 q. IaT h.,
"a 90 .. 900 10. 81 25: l.. $50 III. 81 50;
~ sb.mbere &. Son: IS Psnnsyivsnia steer.
,oSs ~ As 20: Is, 1908 ID. IS 10: bulls, 1875
III, 81 60 ... =. ,.,..
r,a steers 1910 H. IS 40 IA. 124t 10. - 20.
,iSs In AZ SIS: e. 1910 II. 81 70: I. aSo ~. So 90
hull 1850 ID So So ]. 1920 III, $3.50. ! $50
IN Is: cows, i0Ts ID. IS rs; IL. 90i lb. 50 SIS:
700 III az 25: I. $50 N. So
. Mcpherson & Co: 10 Pennsylvania steers
1850 ID, IS i5. is. 1870 lb. 1925; 49, IT'S h.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04

spot quiet at 10 points decline on the basis OF
Coo for middinG upland. Delivered on con
tact = 900 bales liverpool cables: SPOT in good
demand: Gales. 10000 bales; speculation and OK
port, 1000 American. 5000; imports. 1900;
American. 1900 Mddling upland $50. Fui-
ures opened quiet at +G4is points advance;
closed easy. isalla points higher. May and
May-Junc, & i2d: June-July, o. l3d: july August.
q I'D August September. 6I2d september Octo
her, 60sd; October November. 6.oJ'ad: Novem-
Icr December, 6.Oid, Docembsr-January ana
January February, 6.03l:d February March,
q oId March april, S0Jd
COFFEE--Liiclcss most OF the day. Open.
iGg prices we're unchanged 20 points lower and
they closed az tho Same level. Sales, IL, 900
bLfs The fact that prices are about f. pound
above last year. while the Visible supply is only
about IS0 600 bags smaller, leaves few operators
courageous enough - favor the short side. HsNrs
was Inactive At an advance OF u franc, Ham
burg was unchanged. Rio WIS unchanged and
santos was unchanged TO 30 reis lower. cost and
freight offers were AZ slightly lower level with
Rio - AZ l3 soc aud Santos Is al 1880. Spot
dun featureles5 and barely steady at 1889 for
Rio 40 I. Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
BOSTON WOOL MARKET.

Boston. May 3.--"The Commercial Bulleun
viii saw OF the wool market tomorrow;
There has been only moderate amount or
business transacted in the Boston vol market
Sur;ns the week. which included q wide variety
~ ,vooIs both domestic and foreign. Prices IN
This market show little change, II any. and, o.
course, are hardly more than nominal on many
srsdes some new wool although no large
oouantitv has been sold, new Utah moving on
a clean cost OF 65c according TO report Ne-
reece woods are expected 10 opsn At ABOUT 10
FOR oue-duarter aud three-eighths compins, ano
possibly &c for half blood
The shipments OF wool from Boston ~ m ~
Domnds against IL 474, lA for the Same pertod
last year The receipts from January 70 Mav
. Inclusive were 92, 674.9I pounds, sgafnst IT. :
Ak sIO for the same period last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
The GOVERNMENTS FINANCES.

Washington. May AT the beginning OF
business to-day the condition OK the United
states Treasury was
Working balance in Treasury offices. Vs..
1J0.075. l -,
The total balance in general fund was
sl25 155.2i5. 80,
$50. with ordinary disbursements OF w.
,rhe dcfcit TO date this fiscal year 10 as
oas ss as against surplus OF A.06i.M at
this time last year:
public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
Yester-

FLOUR AND MEAL-Flour duh. Buyers
have reduced their ideas of value about Zoe a
barrel, but sellers continue nrm. sprbg pa az
ents, IS 65as6; winter straights, 20 lou - ~
winter patents IS 2oasS So sp.ans as ses s5 cog
spring patents, So 70ds8 90. RYE FLOUR
Stead; fair 10 good sbas5 10; choice TO fancy
So 1885 20. CORNMEAL-kiln dried ~ 10:
BAG MEAI.--Fine white and yellow, u soa
81 SIS; coarse, 81 1881 SO. FEEDNWeste
spring. SOS 80: standard middlings 81 ~; -four our
DO sai red dog So city xs bran a. ~ ~ d SSS
homny chop. sso6s3o bulk, 800 2oassi 20 sacks
MoLAssEs AND syRUPs-stcsdy and UNI
NAVAL sToREs-spirlts turpentine steady.
Rosin and tar unchanged. s,o r..
OiLs-Rehned petroleum steady az 80 ior
for standard white. in bbls. at New iork' LIN
seed oil unchanged. 1900. =,
RICE-stesdy. with fairly good jobbinz de-
mand , =.
SUGAR-ReHned dull and unchanged; hne
graduated. 5.o5a5 2oc net, less per cent casn.
Paw here was about steady. with buyers as
posed to hold of for the Cuban statement o,
next Tuesday. Ideal prices were fVoc Tor Ho
test centrifugal, g. soc for 50 test muscoNano SHu
3 soc for 50 test moasses sugar Later thc nIsI I-
ket closed FIRM but unchanged. though iuenes
prices were asked. sales included spO. , 81,
prompt shipment. equal 10 4.0,c and specula tors
bought June shipment at . 1916. In LONDON
beet sugar ruled quiet and unchanged TO "a
lower: MAY and June, lbs esd; August, lSs sac;
WiIleu & Gray: Total stock OF Europe anu
America. . sol ass tons, against 3,ls2iso Ia s
year at the same uneven dates; decrease Di,o 49,
tons against decrease OF J43p44 last weeh.
Total stocks aud snosts together show Disipl ~.
supply OF 2.sT5. SIS tons. against 3'S'o,fso ias'
year a decrease ~ s65 3IS tons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
LONDON WOOL SALES.

London May "A miscellaneous selecticn %
is, 4s2 bales brought out animated conssudon
al the wool auction sales to-day. The o6srtngs
yere steadily absorbed by the home trade ane
the Continent Merinos were firm. while medium
and fine crossbreds were easy, The 'aies 20 :
Is Iddis Cd: greasy. 6Ad1ls I'D. Victoria. 500;
secured. Is Sdals Sd greasy Idols ind South
Australia. 500; greasy, 6dg1s ;sd. Wem ka
Z 700: secured, Is 2da1s Sd; greasy, 6d91s 1hd
Innta Arenas 100; greasy, 6h41tNd.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
PARIS BUYS RAILWAY BONDS.

Selma. Kan, May IA cable message
received by H. Leone Miller. president OF
the proposed salins, Winnipeg Gulf Rail-
way, states that the contract for the sale
OF sl3,oO0,oOo bonds for the road had been
closed in Paris and that the money VIII
be available at once II Is said construction
will begin this month or early In June.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
Attractive Industrial Bonds.

Industrial bonds are presented 10 the in
yestor these days in as attractive a form
as possible. Some Of the issues provide in
the mortgage for the maintenance of Il
working capital Of at least an amount
equal 10 the par of outstanding bonds. Viz
ginia-Caroina Chemical, for instance, is re-
Quircd 10 keep the excess OF net current
obligations ct least large as the amount
of first mortgage bonds outstanding. The
las; statement of the company shows work
ing capital Of s1S,992.S40, about Sc per cent
in excess of its Sl1,400,000 bonded debt.
United states Rubber's quick assets at all
times must be more than the aggregate III
dettedness Of the company and subsidiaries
on January l this year American Agri-
cultures excess OF net current assets was
about double its funded debt. The follow
ing table Of industrials gives the bonds out
standing, working capital and percentage
of excess as stated in last reports:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04

ATLANTA, BiRMINGHAM a ATLANIiC.
1917 1911 lplV
% ,rooy a., Arri SIS 2ot siS6Ti $1,000
JulS f-Aprii 81 2Sse5is :SeisSo 2,i2o iSj
ILLINOIS CENTRAL,
Month Of March -,
Gross earnings. s. 1s9 go IS l9to3s sS,5Sse 5S
Net after taxes. s7e6H 1iioioi 1915 'o-
Cross earnings. .s.,eIITs7 s.T I42 SOS s,.sss Ses
Net after taxes. 5.I0+IlI 1lI4o fel e'ei'si-
INTEROcEANIC OF MEXICO.
Month of March n,.
Mileage ...-.... tots Lo$t deis
Gross earnings s153,I2c Ssfl @p slse sSg
Net earnings. 3ois1 Io6os Blu
Gross earnings. So Az. 216 50 e25 So rs. 20.
~ aoyninss 2s&Se3I 2ts4S sI ?22t IiJ
NATIONAL OF MEXICO.
Month Of March,
Mileage ........ los pif. o., tx tess
cross earnings. si4.s eSs s5,e53sel ~. 80 Sso
Nsi earnings. 300. $50 I73leoI $4,000
Juiy l-March 81 80.
Gross earnings sl7 oSs es3 s4s l0I 1914 s4ses3 $50
Net earnings. -. ls,aic,12l lsSa4.ess ibl2f.4'2
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
l. s, BUILT ~ SHIPS IN APRIL.

Washington, May shipbuildlng in the
United states during April amounted to
% 70. gross tons In all. III vessels were
constructed the largest being the Calcite.
of 1896 tons, built at Wyandotte, Mich; the
Rayamon and the Vague both of 9'5Sl tons,
built at Foorse, Mich.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04
BRIEF NOTES OF FINANCE
paragraphs of Current Interest
for the Investor. \

THE Royal Bank Of Canada. which will
..1n the name of the Royal Bank and the
~ the Traders will pass from the list
'r,,adian banks.