New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-17
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

IN a new dress contributed enough to
make Wall Street and the stock market
step lively.
Colorado Fuel and Iron Company.
II Is reported that dividends on the pre-
farred stock Of the Colorado Fuel and
Iron Company will be resumed soon. The
per cent cumulative dividend on this
stock has not been paid for nine years,
but there is said to be a surplus that war
rants the expectation that the arrears
NAV be reduced and eventually wiped out.
The Mining and Scientific Press" says
that the Colorado Fuel and Iron Com
pany IS one of the large institutions of
Colorado and that the history OF the COM
many and the state are woven together.
Kansas Coal Increase.
TIE alleged production Of coal in Kan
sas in 1911 was 6.254,22S short TONS having
q valuation Of s9.6i5,572. In proportion to
fits relation on the coal producing list
Kansas suffered more than any other
state In the Mississippi Valley region
from the labor troubles I'm 1870 the de-
crease from the output for 1909 being
cq56 per cent and the production being
the lowest during the last ten years, A.
pei ,45l short tons. valued at S,9l47OS. The
production I'm 1911 increased l,322,70 short
tons. or 27OS per cent in quantity and ST.
7SGS63. or 21S7 per cent in current value.
A Few Orders Placed.
From present indications the pig iron
business appears to be quiet, with the eA-
ception Of few small orders being
placed almost every day. Orders Tor ABOUT
5000 tons were placed on Monday. OF
which . 900 n is said. came from Virginia,
1000 from Eastern Pennsylvania and the
remaining 1000 tons from New YORK
state. The local dealers are reported 10
he optimistic and state that notWith-
standing the usual summer dulness July
Is expected 20 hold up exceedingly we'll.
Increase In Valuables-
The total value Of the production OF
gold. silver and lead in South Dakota for
1911 amounted to s155o,7os. according 10
+he United States Geological survey
Comparing this amount with the Value
Of tho precious metals IN 1870 being
s. 4S7,GS1, an Increase Of $2,0SS,52I VIII be
shown. The gold output was So9'SS." me
ounces, valued at sI,4SsSi
Awarded Contract.
The FINAL order of the Trumbull Steel
COMPANY. Of Warren, Ohio, for pracu-
cslIy all the equipment Of the companys
new tinplate mill has been placed win the
uesta Machine Company. The contract
&c said TO include eight s-inch hot tin
mills, nine 2+inch cold mill shot tin mil
GEAR drives a 81 and 60x60-inch tandem
compound Corliss engine and eight S6-inch
rnotor-drive double shearing machines
n Is generally thought by the company
that the new plant will be in operation
hv January !. The capitalization OF the
Trumbuu steel Company is recorded at
100000.
Received Brick Orders.
II is reported that the plant oil the
Sharon Clay Products Company was
started working Saturday, July L, ana II
Is hoped that within the next ten days or
fortnight the first paving blocks will be
ready for the market The company. II is
said recently took over the Rose Brick
Works and rebuilt the plant. The com
many has received up to the present time
orders for 100000 bricks. and can place
the surplus output for the ne1t year
Plans are being drawn IN contemplation
Of doubling the capacity and building OK
eight new kilns.
Gain in Coal Traffic.
The Chesapeake & Ohio's total coal trat-
&c in May amounted to 1925 tons COM
pared with 1,AS,326, gain OF 25l,s3l TONS
or q little over IS per cent according 70
the companys book record. 1t Is said
that coke shipments exhibited an increase
Of about 1000 tons The direction OF Vari- !
ous shipments varied somewhat from last
Nav. the tonnage sent to ddewater being
q per cent. against % per cent last year
Westbound traffic changed little the totaI
OF 81 per cent this last May as compared
with g per cent Of May, 1911 The total
coal shipments for the eleven months CT
the fiscal year ended May 81 aggregated
x@3,OS8 tons, against l4,ll3,576 tons, de- |
cided gain Of 2,l79,692 tons. The percent |
age Of tidewater traffic for the eleven
months was % per cent. compared with
IS per cent, while westbound traftic ag-
gregated 81 per cent. as against 81 per cent
last year The shipments Of coke In the |
eleven months were about 1900 tons less
than in the eleven months Of 1911.
Some Fresh Promises.
: The Tobacco rumors are afloat again |
and good things are coming to the holders
Of American Tobacco Company STOCK IL /
gossip may be depended upon. dis
bursement Of a Is OF 20 per cent special
cash dividend will be ordered next month
II the present plans Of the company are
carried out II is said that they nave |
abandoned their original intention OF DC
elaring a stock dividend. This speciai
dividend will be in addition TO the regular
quarterly dividend of 2a per cent, payioIe |
In the fall. However, this special payment
will not be taken from earnings OF the
American Tobacco Company. but VIII rep
resent only the actual proceeds OF the |
sale of securities of former subsidiary
Companies now being held IN It's treasury
The Supreme Courts decree In the Amer
lean Tobacco suit called for the distrlou-
ton Of these securities. representing par
value Of approximately 100000 before
February /, 1915. Next months dlstr'Du-
ton il II is made, will probably De the
only extra" dividend on the common
stock Of the American Tobacco Company
this year.
Government Trade Figures
The Bureau of Statistics OF the Depart
ment Of Commerce and Labor at WASH
ington has Just completed the figures o.
the years total trade. and. accoroihs 70