New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-07
BRIEF NOTES OF FINANCE

Paragraphs of Current Interest
for the investor.
IN the list yesterday few Of the in
.o,ive stocks showed plus signs at the
-. the shares dealt in being simply one
=, NJ 100 shares in each stock. American
cuff was one Of these, which caused
Ia..tious trader to remark that stocks
we're not up TO snuH.
Tho enthusiasts who had predicted 90 and
- for steel or the recent rise were busy
..,t,ng advice on what to do with their
-,ocks. All the air and bombast had been
,,,ocked out of them. and they were as
,eek as lambs. Some OF the American
10, common boosters were like the Silent
ruTk and their knowing winks and mods
we're not in evidence.
Not Committed Vet.
The Moffat road, the Denver, Northwest
,rr G. Pacific. has had rumors circulating
o. round il that Adolphus Busch would step
4, as the financial hacker in placing the
bankrupt property on its own basis again.
:, Louis information, however. does not
,sr,fy the rumor and says that Mr. Busch
~ debating the question
Telephone Dispatchne.
The Central Vermont Railway has com
rleted its equipment with a telephone dis
Matching system of it's entire New London
division. This is the second division of the
/, ff,h
Raw Sugar Decline.
From Boston comes 8 report that during
Arru there was shrinkage ~ between
ynoeo and 10000 in the value of raw
sugar stocks. The market for raws has
tscn continuously declining for two and
half months
Missouri Wheat.
Now comes the information that the Mis-
souri wheat conditions are improving and
that only about 10 per cent of the winter
acreage has been abandoned in the western
COUNTIES.
Bankrupt Madrid Company.
The Hudson Trust Company is named as
che largest creditor OF the recently declared
bankrupt Madrid Company. Assets amount
70 Sill. $50 i'm real estate, stock and fixtures,
while liabilities aggregate s226,729, as filed
IN the United States District Court The
Hudson Trust Company's claim is s257l9.
Estimated Steel Earnings.
Estimates are now being made as 10 the
probable earnings of the Steel Corporation
for the current quarter. and the figures run
around the Sc 10000 mark. At this rate
there would hc a deficit fer the first half of
the wear Of around $4,000. During the last
fifteen months the Steel Corporation has
Issued a balance Of 100000 bonds there
hv increasing fixed charges s.. Tco,O 900 a year.
This amount is about what it has cost the
steel company to maintain its per cent
dividend on the common stocks. which
calls for a disbursement Of above So, 900
g year.
Kansas Wheat Crop.
Each day brings fresh reports Of the
wonderful improvement in the Kansas
wheat crop. It's strange how little the
word expert" means around the crop es-
tmatng period. Secretary Coburn in his
report If the Kansas wheat situation in one
says:
Where failures are unmstakable there is
yet ample time for corn, kafir and other
sorghums and catch crops. More kafilr
will be planted this year than ever before
Copper Metal Dull.
The copper metal market is dull Presi-
dent Ryan and his party are back from the
strenuous West and bull gossip is desul-
tory The only reply 10 the question What
about copper" comes In the nonchalant
answer: This is nothing but what might
be expected. it's merely a question of
time;
Canadian Southern Bonds.
Forty million dollars per cent bonds OF
the Canada Southern Railway will be
acted on by the stockholders al the annual
meeting OF the company TO be held at 81.
Thomas Ontario, June .. The directors
have authorized the mortgage under pro-
visions Of the 1908 lease guaranteed by the
Michigan Central Railroad; s22,5D,cp0 pro-
vide for refundnS first and second mort
gage bonds. maturing January ! and March
l. 1918. Michigan Central stockholders have
already approved the issue and its pur-
pOses.--..
Boston Story Denied.
Traffic Director Louis J. Spence has de-
risd The Boston American's' story that
the Southern PaciGc's great fier will soon
ply between Boston and Galveston. with
New York as port Of call. The published
report was that the arrangement was in
retaliation for establishment by the New
Haven Of cheap steamship service between
los Angeles and san Francisco, when the
steamers Harvard and Yale were sent 10
the Western coast
Utah Shelters Strike.
The strike at the American Smelling
Lead Shelter at hurry. Utah, is reported
sill unsettled with no immediate prospect
Of settlement Unless some settlement is
made before tho end OF this week, informa-
Ton Is that shippers Of low grade ores will
asked 10 discontinue shipments. The
higher grades that can afford the add
uonal freight charges will be assigned 10
he Pueblo, Col, plant. Most of the strik-
rs are foreigners, who have Joined the
Western Federation OF Miners since the
mike began.
Marconi Curb Ruling.
The curb listing committee has ruled that
Yesterday was the last day TO exercise
fshts TO subscribers to new Marconi Wire
tss Telegraph Of America stock, and as
ne Corporation Trust Company OF Jersey
my did not stamp all assignments OF
nights. all assignments properly guaran-
yea By curb member, stock exchange
MOUSE, bank or trust company. will be de-
cared good delivery.
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