New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-24
BRIEF NOTES OF finance
Paragraphs of Current interest
for the Investor.


gathered from TIA Incident that occurred
IN one Of the large brokerage houses 4
customer wanted Quotation Oh Interpa-
t,cual Paper preferred, 30 word was sent
8sVn 70 the noor OF the Stock Exchange
asklng Tor . quotation. After waiting
.bout ten minutes the office boy came in
and said II waS impossible to get a QUO
tadoa on International Pepper preferred.
ss the specialize had gone 70 tina football
ZANE. InsaraEt was not N the market,
hut ln The coutSst between Yale and
Harvard,
Born, Nct hsssa, Finaneisr.
vheaevs- any uussezl anencsal coup
10 related, Il Is usually attributed 30
wall Street. Bat In BroOklVD there 10
rLs.ag young hnancier VINO has never
seen the INSIDE Of the Stock Exchange,
nor sat on the steps OF J. p. AoTgA1's
Office yet be hss al the elements OF
the dzancial E8Et0s This young man
had desire 10 own an automobile, and
recently 6ec.ee3 20 get one. He noTer-
tsed loT q szoand hand machine which
would be SOLD a. EACEiRcA and hAs I'D
brOagat plenty u offers Of machines,
ranging fFon $50 % SlJ0 esoh After some
negotiGslons the Brooklyn genlus per-
shaded one O7cnsr. who was leaving the
city. and wac forced TO part with hts
automobile, &c accept q note IN peyussnt
me note was made for ninety days; the
Dric- @, be u,sS fu~ the machine wos NcS
II REQUIRED a horse 70 get the machine
home. but the young Napoleon OF finance
finally zOt e running then took it over
On The Boulevard. and succeeded IN hnd-
.t5g 4 purchaser vino paid him $3.50 for r.
Ee has consequently made about 80
on TIE transaction. with less than
actual investment
Msaay Awaits Investment.
In thar cumming I'd Of the situation
for the week IN their letter. Wagner,
riskurLon q CO, say;
pwhGS the feeling IN best quarters 10
a.. VITA q new period OF prosperity
saspgcieurly lnsGgurated. with orders on
5Ssks O. manufacturing concerns sun
cilnt N psersiasnt Instances 70 carry
thsrn vel over the period Of tariff dis
oaBs!on. and with railway grass revenues
stta!nlag rev high records the principal
thing Is % have doubt and uncertainty
removed. precisely as stated by AT. VIII
nC-szet has been glow 70 assume
a Int Of visw There has bSSn at
times a further deolini12 tendency In
rtocks Of companies concerned With tATin
action bet again largely confined 10 such
issues. A great deal Of money aweau
investment and with return Of conf
dsnce, such as has been Witnessed during
the greater portion OF the year, con-
siderable rise IN prices might readily de-
velog. We continue 70 recommend Sc
Iected purchases on all fair rssssss9Rs ~
tbe leading active stooks
Nay Cause Hssitsnsy.
Henry Cleus views the prospect for
rszl year Ia business as II May be AZ
faeted BY new legislation as follows
at tins vsEy earliest Il would seem as
z SIX OF ssven months must elspse be-
fore any new legislation really goss inta
s45eet. During this period Il need cause
IL surprise Il business exhibits more or
less hesltaaoy, for neither merchants nor
manufacturers can well undertake i'm
p8rtant new operations extending into
Tie future while this disturbing element
Of uncertainty remains. Consumption Of
merchandise VIII Of course go on az
usual. go the retail trades will be less
uksly TO feel the effects OF hesitation than
she Wholesale trades. Meanwhile both
merchants and manufacturers Wal carry
as small stocks as possible, and business
NAV therefore become of hand-to-
mouth chaFactsrI a fact Of course which
VIII let increase Industrial activity. After
this period OF hesitancy is over and IL
nothing unforeseen develops, It IL rss-
scnable 20 anticipate renewed activity IN
al departmeats, since our markets VII
be bare Of goods and high prices VIZ
tvapt q rapid increase n production
Unfinished stsoI essrO.
The American Rstal MaTket and DGily
iran and Steel FRpoTt" In last weeks re-
view says that rEAnished stesl hse grown
clnozS unquotsOie, offerings being vsTy
rIrs, Billets and sheet bars are quotab.e
a. least - cents higher than week ago,
sncugn transactions are so limited sS 10
funlsh relatively little clew 70 the mar
KEY The oondttion confronting some Of
thS independent chest end TN plate mills
es 10 steel rvuply for first quarter has
rTown acute, snd constdrTsDle idlensss OF
finishing ospacfcY n PROMISED.
Improved Bark CssartnOs.
bank cleariney this wsek again make q
notably favorable oompsTisOn VITA two
preceding years the total at ell leading
cities in the United States as complied
tor Duu's Review" agBTeg.t'ng a,Eso.-
|liE, az Increase Of Is pei cent ooal-
pared with the same week last year and
Of 81 per cent compared with the GORE
Spending week IN 1910, the latter gain IN
part however, being due % the fact that
The week two years ago contained one
lsss business dag. Now York City, with
continued duh conditions on the Stock
SxeasEge-Ssles the last wsek being over
million shares less than last year
makes an extremely satisfactory exhibit.
With a gain Of 15,S per cent over lsn and
-. Der cent over Two years ago, testify"
ING sloqnsntly 70 the enormous volume OF
5srrsnt business transactions That 40
i've conditions are not confined to any
sseolsl locality Out are participated In
sy every section and BY practically every
Important industry, is shown bT thS sub
ssSats expansion that appears at every
oa;ssde city iDolsded In this statement,
TIE total % which h u per cent larger
'nah Lass year aud 4.b per cent Larger
han IL 80. Bone Of the notable gains