New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-30
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

-rrc strength Of General Electric in the
,,,,t market has been credited to the 80
-or cent stock bonus which it is said that
On. shareholders will receive on December
o., According to reports, the General
rr.cfrfc Companys business indicates a
total for 1912 in excess Of $90,Ooo,oOO.
,,be company. however, is said TO be han
dreamed by not being able to obtain steel
ss rarfdIy as the plants require it,
movement among certain financial in
forests TO induce the Treasury Depart
rart 10 offer for subscription another
block Of Panama 8 per cent bonds little
f.rcr is rumOrcd. As a reason it is SAID
r1are should be some assistance TO the
governments eXChequer. The demand
mon current revenues is estimated as at
least SI58,OO0 600, which has been eX-
psnded from the general fund, and may
be reimbursed when another offering Of
tre bonds shall be sold. The remainder
of the authorized issue of Panama Canal
bonds not issued amounts to $24O,5G9, 900.
Under present bond market conditions 1t
does not seem probable that any extra
issue Of Panama bonds will be attempted,
az least until the money market has
reached a decidedly easier tone.
improvements on g., r, & P. Road
Rumors have been current that the Buff
faIo. Rochester & Pittsburgh Railway will
exDend IS. 500. 600 for double tracking. In
commenting on this rumor President w.
r. Noouan of that road is reported as
follows:
"The Buffalo, Rochester & Pittsburgh
Railway Company has done a certain
amount Of double tracking Of its lines
each year, and, with the steady growth In
IT'S traffic, il is not likely that there Will
he any change in that procedure until
practically all its heavy traffic lines are
thus equipped.
The points selected in New York State
for double tracking will depend upon pres
cnt traffic density and possibilities Of
future growth, as well as cost OF prop
erty which it is necessary TO acquire for
improvements Of this nature"
Interpretation of Decision.
An Interpretation of a late decision
made by the Controller of the Currency
of the United States making bonds of the
first mortgage real estate type whether
secured by land and buildings or lease
hold estate and buildings, a regular in
vcstment for national banks has been
made bv 5. W. Straus & Co. in The In
vcstOrs' Magazine" In the article II is
stated that the decision is based on a
section of the Revised Statutes which
uormlts national banks to invest in
Of
Investment however, being Of unquesuon-
able class and the amount held not TO be
ont Of proportion to the capital and vol
ume of business of the bank.
The Copper Outlook.
Copper men who look on the rosy side
of the copper situation are calling atten-
ton to the probability that by February
! tine reduced output of copper from Mex
i.o. ds a result Of the disturbed conui
tfnns there. will be reflected in the supply
of copper generally Also, the Interrupt
rsn1 as result of strikes in Utah an'
<rvada will be felt They claim tha'
ta.r. will bee much less copper on nano
than al any time since 1907. In the NEAR
time. however. il is admitted that NO
grmnsr may show an increase in stocks
attributed To the delay in shipments
abroad IL is said that November vii
rrobabIv be the last month to show al
Increase for d considerable period tC
come.
Lowest Corn Exports.
"Rradstreets' reports the exports OF
grain for the week, with comparisons
acures i'm bushels. as follows: Wheat
Govr included, 56S5O17, against 6'li55
last week and 4.S558l6 in this week las
wear. from July to date, 97,2i9,7Sl' com
pared with 7o7244n last year. Corn, H.,
of7, against 9.l64 last week and lh%'
his week in 1911; from July l to date
: olo7l contrasted with n,l3IS5' in TN
corresponding time last year.
The exports of corn for the week. are
-. I,vraGt IN history.