New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-28
RI[F NOTES OF FINANCE
o,,,praphs Of Current interest
''' for the Investor.

4 T..oort Issued gives the information
4 ss travelling public IS safeguarded by |
i'i ". s,epal over fifty thousand miles OF
ao'n .,csn railway lines
tne &c Whitsuntide holiday in London. |
IoO0 9.r,;n and Liverpool. and all stock !
Fn .,ssr exchanges are closed.
% Tn. Cotton Condition.
National Ginners report Of the
,,.,,, of 7s4 per cent as Of MAY q is |
ronolNy ,rd,cation TO date of the progress !
zoe .,o cotton crop has made, and its |
'h'H &c received by the trade generally |
euA .,,,,v correct index. Last year the |
3 cirners' percentage for June was |
N.U' ."r,nared with the governments re- |
- Se The governments condition |
u This year will be based on observa- !
'spV'' averaging four days later than the |
s.ners report.
Bankers Purchase Trusts.
. million dollars worth of Canadian |
bern Railway AZ per cent equipment |
W.. have been purchased 10y Canadian |
y.y York lankers. They are secured |
80 standard equipment, OH which the |
made an initial payment of IS per cent. /!
Another Runor Denied.
-. -uuor which was started to boom |
,..rls's Gas that Samuel insult and Roger |
..n,,sn. Of Chicago. had formed plans to |
..r,h,ne all the Chicago lighting companies /
-. mo, with q fiat denial from Samuel |
nil that either he or his associates are /
-.,otiating with the Peoples Gas Com /
Nv Tor igs purchase or TO incorporate it 1
= merger with any of the insult prop /
critics.
ST. Paul Earnings.
c, Paul interests estimate that the com |
ANY will earn a balance for common diyi- /
s.n5s equivalent 10 50 share for the en- /
.',s fiscal year. The per cent common |
dividend. they say will be maintained over /.
.ss next meeting, however, as it is the cN- /
,.ctat!on Of officials that traffic receipts /.
NsYipntng with the fall months, will show |
,atstantial gains.
Tennessee Copper Company.
II IS reported that the MANAGEMENT OF tho |
Tennessee Copper Company may postpone !
,lscng the company or regular quarterly |
dividend this summer.
acid plant and is installing an additional !
Gay Lusssc tower at an expense of $4,000. !
This should be completed and in operation /
IN approximately a months time. This |
tower Will bring up the acid production |
during tho summer months. when the out |
put Of the plant falls of over that of the |
winter months, when the cold weather as /
s.sts in lowering the temperature Of the !
solutions After allowing for depreciation /.
charges and the retirement Of $4,000 OF /
Bonds prospective. net profits for the year /
are placed by some to be between 100000 /
and 100000
Peoples Gas Earnings.
The last annual report OF the Peoples /
Gas Company showed q dividend balance /
equivalent TO S % a share Of capital stock, !
as compared with - u ia the previous year /
The balance sheet as of December q last /.
showed working capital. exclusive Of ,
Of approximately s. 10000. In ,
which was included cash on hand amount !
ne 70 s3475,nOo The company is unques-
tonably d money maker, even II the lower
nice Of gas be sustained by the courts.
May Resume Dividends.
New York Air Brakes sudden strength
md activity in the market last week are
accounted for by statements that the COM
ANY expects 10 resume dividends next
1onth. but this possibility is denied. The
riddle Of June will be the years end since
hc ,cessation Of dividends. and the gossip /
'ad It that the initial dividend on resump- |
ion will be " per cent which was thc
quarterly rate when dividends were paid /
,eforc. There seems to be slight chance Of
Hydends according TO some who should
snow
Open Hearths Working.
-Four Of the Talbot open hearth furnaces |
De full number at the Alquippe plant Of
he Jones d Laughln Steel Company, are I
n operation. and the fourth blast furnace |
nil be lighted soon. according TO reports.
The Trade Report.
The Iron Trade Review" says: Mills !
have fallen further behind on deliveries
and have been unable to meet the demands /
or shipments. Steel boiler tubes have ad- /
,anced g a ton Tinplate has advanced ~ |
rents box Steel plates have secured !
premiums of 81 d ton for prompt shipment. |
Inc upward tendency OF these lines. Semi (
finished steel IL growing 'scarcer The pig |
IRON market while quiet, is very firm, and !
production Is continuing on the high rate OF !
The last several weeks.
Suit Carried Up.
The suit which was brought for al ac- !
counting Of $,5co,oJ0 InterborOugh stock /
Presented 10 August Belmont &l Co. ~ 1902 I
has been carried 10 the Supreme Court +
The suit was instituted by John {. Wilson, /
st Washington, in behalf Of himself and
sther stockholders, against Cornelius Van /
oerhilt August Belmont and other directors |
Of the Interborougb.
Await AraIgsmated Report.
The annual report Of the Amaigamated ,
'opper Company, which will be made pub /
uc the first week IN June. will be eagerly /
awaited, IS II Is estimated II will Sho" net ,
pohts Of S,DO,0JJ or over, equivalent t. !
more than s. % share, comparing with ;
dividend OF g. paid 10 shareholders. Thu /
Analsamated. in addition 10 III Anaconda I
dividend, received little over $4,000 IN /
dividends on its international Smelling and /
Refining stock
Good Yield. 4
The listing oil American Smcltcrs socur'- /
lies in Paris calls attention 10 the yield /
which the FFenchmen will receive on the o.. /
This yield Will b. g.. per cent, which is
more than comes from American Smelling .
and Refining common Oh its present selling I,
pricr
Goino Back AGAIN.