New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-07
Russo American Trade.

gill keep the HldlheI SHS9SihS VIII DC III
order.
Russo American Trade.
The customs statistics relating to i'm
us from the United States are mis-
i.od,ne according to consular reports,
,rosmuch as the greater part of the
pnsso-American trade is indirect and is
,.hd,ted TO other countries. 1t is be-
,,ayed that Russia is consuming not less
.son 100000 worth of American goods
.,nuallv. and the more optimistic place
che agures at SlOo,OOO0Oo, one-half of which
e represented by raw cotton.
nuties collected on goods imported into
prssia during the first six months of
500 aggregated SIC, 1885, or 800 per cent
!, their total value. In the corresponding
Sa,f Of 1911 the duties amounted to $780,
M $40, or 2S5 per cent of the value Of
the Imports,
According TO official records, the United
ctotes ranked third during the first six
u,optbs of 1912 in the matter of shipments
% Russia and eleventh as a purchaser
Of Russian merchandise.
stock Interest for Employees.
Fol,owing the progressive policy Of some
n the leading corporations Of the United
states. President Edwin S. Schenck of
che Citizens Central National Bank Of
New York few years ago offered the
clerical STAFF Of the bank block Of the
hanks stock at a favorable figure and
suoWed the clerks to make moderate
monthly payments upon their subscrip-
,ons. Mr.. Schenck having arranged per-
,oralIv 10 carry the stock until paid for.
The payments have now been completed,
,hs stock distributed to the clerks and
a large number Of the employees in this
,rst,tutIon have thus become financially
,r,srested in the success Of the bank.
president Schenck believes that this
uiu result in greater loyalty on the part
% the men 10 the institution and In
more efficient and hearty. services to the
large, clientele of the bank throughout
the country. During the time between
the subscription by the clerks and the
anal payment for the stock the market
orice of the latter has increased over
IA a share, and the men are naturally
much, pleased with their investment.
Iron and Steel Trade.
The current report of iron and steel
trade conditions are given in The Iron
Age" as follows;
October was a record-b breaking month,
,oth i'm production and shipments. tne
,ignifcant fact in it.all is thaI huii' or,
,,f8
-beir hooks al the end than at the pc
-4DTipq of the month. Some mills nave
.anortSd that new contract inquiry Ci nae
'een smaller of late, but the steer Oot
DoTatiOns statement Tor OCtTOSL o., a
,e published this week, VIII sho"
lurther increase. $3.50 ,,,orI,,
Roth in pig iron and steel ingots nearly
M steel companies reached ne" ms
,oints i'm output last month. Inc 90.
,orporatiOn's ingOt production We 80 80,
-eVOO0 tons, or at the rate Oh WV '0''-
IT, impression has been that raiLroa9
lsrard has lately been the DackOoIIg VI
lew~ contract business in steel MN
ome companies that is the IS9Stc, Co.
however, that the steer ~
,oIation traces but 10 per cent OF 10
,fw bookings in october TO railroad re-
Since November ! fully 1000 tons OF
hates, shapes and bars have Deeh pl" 49,
trdctiOn. IT is now eNpeCttu L IaS5 lii
teel fabricating contracts LOT ~ va
xceed those Of the record year TO "iI,s
" very considerably beyond tlOSS n Sd
"a and 1911. In Eastern districts .lOy,yIv
ors nF steel work Is definitely known
nat will come up for estimate IN tme
.eyt three months, apart from supWays
mo elevated roads.
Reorganization Announcement
Theodore p. Shonts, Edward J. Ber-
Wind and Harry Bronner, as commit
ee appointed 10 reorganize the CehIrai
Park. North & East River Railroad
,omraDy. announce that they have mace
10 the Public Service Commis-
ion for the First District for approval u
pian of reorganization. The committee
,as also asked for authority for the re-
rganized company to issue Sl'lOo'oo hrst
mortgage & per cent gold bonds ana
10000 capital stock. making IN all Si'-
10000 par value of such securities. Ihis
publication will be heard by the conHlls-
ion. at its office, No. 154 Nassau street
November s, at 2:90 p. m. Copies Oh the pc
ition and plan of agreement and reor-
,ap,zation may be obtained by creditors
)ORQNOlQerB ana al bbpChAi'SAN~'N =
central Park, North & East River Rail
Dad Company at Room 1909 NO Ito
Broadway.
Have Extended the Time.
An extension of time for depositing the
securities Of the Southern Iron and steel
Company, under the modified reorganlza-
ion plan dated July IL this year, having
,een arranged, John w. Platten has been
elected Chairman 70 succeed Cecil A
irenfen, resigned. Alfred A. Cook mas
been added ITO the committee.
There have been deposited and are
low subject TO the modified plan over
3 per cent of the bonds, IS per cent OF
he secured notes and over 81 per cent CT
he debentures.
Pursuant 10 the powers in that re-
SpeCt conferred upon the committee by
he plan, the committee has determined
10 permit all holders OF claims against
The company to participate in the bene-,
Dts OF the reorganization upon the de-
post of said claims or statement with
a proper assignment
Certificates Of deposit will be issued
upon the deposit OF AL such claims, which
may be made until the close OF business
On November 30. All deposits must be
made before November 30 with the Bank
ers' Trust Company, the depositary under
the plan, al It's office. No is Wall street
pIIpp EHu0ES