New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-29
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

Drr,ne these days, when American IN
-. arc wondering what the future
,,royr,ses for the security markets Oh the
.,,,r+r,, II IS encouraging TO ma that IN
- YES Of foreign financial interests the
I--f+ed states holds strong position. the
E.,1o,,,,pg from "The London Statst' is
stimulating .,-,.
core of the strongest features in the sit
nation is the position in the united states
where the crops Of the current year are
Great and where the profits available Tor
Investment in securities will probably ex-
Ia NOT only all previous totals, but any
tc,,re that has hitherto been considered
.e.spra The strength Of the financial
sltpatioD in the United States and the
a,~.o,ptv that American investors will buy
,raat quantities of their own securities in
tbs next few months is factor In the
s,tuation the Importance Of which 1t is
NOT easy TO eXaggerate.'
Not a Good Showing.
# the Rock Island Company cannot
,,,,pe a favorable showing during the
current wear, the prospect for future div
,5.r5s on the common stock will be rather
sr;,n For the year ended June 80, 1872
.bo Rock Island Company had &7S,SS5 as
3 balance to apply on dividends This
amount was equal TO about u per cent
on the outstanding preferred stock.
Western Dry Goods Trade.
Marshall Field & Co., in their last
,,.osr,s review Of the dry goods trade,
say: - ,,,
"sbipments Of merchandise have been
unusually heavy during the last week.
Merchants are compelled to buy almost
orsrv day, as the fall trade is very much
larger than was anticipated when carrier
orders were placed
.,Tbsrs is big demand FOR hosiery. I'm
variations of hosiery have dropped OF
very materially as a result OF the Payne
Iartch tariff bill, and German nlanufaot-
,,rars looking elsewhere for a market
to- their product. have found such lucra-
,I,,e acids that they now show very little
,,o,,ns+ion for business in the United
states Without this foreign product
American manufacturers are having az
acyltv IN supplying all Of the merchandise
-oaded in view Of the low stocks on mer-
chants shelves.
.,yyornan's and misses cloaks continue
~ hold q large place in both wholesale
ana retail business. Persian lamb cloth
win he very much In evidence IN the
cloaks worn this season and chinohillsS
in gray are also having very large as
tr,bution. There is a tendency to BLACK
materials for cloaks, such as chevots ana
broadcloths,"
Manipulated Java Coffee.
A. protection to the public the De-
partment of Agriculture made inquiry
regarding the rumor that aduiterateu
lava coffee was being sent to this couh-
inv Frank w. Mahin, American Consul
ri Amsterdam, Netherlands, reports as
follows:
I have investigated the reports that an
ir1pure Java coffee is being exporter Iloil i
heie to the United States. 1t ls stat stacy
that owing 10 keen competiuQI $3.50
Uractice OF manipulating Java coIes
has gown up, such coffee being eXpoFtSsH
largely to South Africa ana some 70 liz
I-rffst States The process is merelg
SaIsrtfng GOOD sized Santos beans, putting
tbau through little machine, anu
polishing and painting them, 70 sIaS f fnvtn
The color ana appearance OF the ISal "a
mis- is known in the trade as malhpu
IatsJ Lava" which may be wholly OF
partly made up of inferior xmas To-
shipments to the United states II 10 ~.
ferred that the article CONSISTS VI " inns
ure Of real Java with INFERIOR ptahS,
Outside the trade the coffee is known aS
Java. ,,., 49,. ,,-a-
vailed the consul has decided hereaIteL
10 request shippers of Java cOuee 10 auu
the following declaration 10 their lnVolce9 q,
THAT the coffee covered by this lnVolCe rs
pure Java, neither mixed with otheE hilu'
nor cCunterfeited."
Cultivatins the Home Field.
An effort has recently been made by
large public utility corporation TO place
bonds In small denominations In the com
munlty in which the company operates
and It is reported that the available sup
pIv OF 500 bonds Of this issue was quickly
absorbed.
Persons OF small means prefer TO put
their money into an enterprise with whlch
they are familiar This fact is making
new field Of bond investors
CuItivatlrg the home field has developed
n most favorable attitude toward corpora
tons who have adopted this policy. For
a long time there was q prejudice against
bonds Of small denominations on the part
OF the bankers. To-day they realize the
necessity Of distributing their bonds IN
small quantities.
When a corporation proposes 10 Issue
bonds it Is the banker, as q rule. who de-
termines the amount of the issue, the
security, the rate of interest, the time
that It shall be brought upon the markes
and In what denominations the bonds
shall be made.
Many Of the public utility corporations
which have brought out bond issues lately
have incorporated the small bonds plan.
These bonds, owing TO their attractive
YIELD have been popularity received.
Du Point Powder Earnings.
Du Pont Powder Company earnings con-
tlnue 10 show increases and to reflect the
eountry's activity in fundamental indus
trial lines.
According to the company's figures just
issued, gross receipts for the nine months
ended September 80 were in excess Oh
s27,OV,OOO, an increase Of approximately
$4,000 over the same period OF last
year. Net earnings for the nine months
were S.l09,50l, an increase Of about sl5o'"O
over the net figures for the nine months
OF 1911
the COM