New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
BP|Ef NOTES OF FINANCE
u,rauraphS of Current Interest
for the investor.
Ian remains quiet


for the Investor.
=. IRON remains quiet
Fs mt believed there has been any
H,..-ab,e change in the surplus copper
toHs eince MAY I. The copper market Is
' 'rst. but firm.
QUE states. structural steel, rails and
tbs demand continues heavy, but the
i~9 ,..re Of new business is said 10 be
p'a' han ND to a few days ago.
Good Spring Wheat Outlook.
u poehler. of the Minneapolis Cham
commerce, says that spring wheat
~ Its in Minnesota are the best IN
/ yiVsp,.-ece wears. He thinks that the Da-
~ep" Minnesota will produce zoo 000,-
,oS bushels of spring wheat.
Shows Largest Earnings.
r-nited States smelling Company is
he showing the largest earnings In
p1,storr around s35O,OOO a month, which
w - rate OF IS a share on the common
~ before depreciation charges.
Rock Island Company.
,,,opS the students Of the Rock Island
any II IS said that poor earnings will
~ .Sou,n in the April statement, which will
.nnear Their losses are expected to
.hout as large as in March. when the
loss was s43S.000 and net decreased
po,k Island was hard hit in April by Sc
GOODS particularly in and around
,ssr,,bis. Traffic OH this portion Of the
~. tor davs was seriously congested.
1-bils returns for May and June are ex-
It'd IN show considerable improvement.
-. bv no means certain, II is said. that
81. Rock Island Company will earn its
.~s6 charges this fiscal year.
Maintenance charges Of the Rock Island
to-. m 10 the end Of March were S960,000
,.s. than last year, but net earnings lost
=, ,NN 600. and were hardly sufficient 10
,ov.r bond interest for the period.
White Stars Annual Report.
The annual report of the White Star
,,,s for the year ended December 81, 1911,
.hous dividends paid during the year
,nouuting to S2,250,00o, equivalent TO 90
Wv rent. In 1910 dividends paid totalled
fLos4,ssS.
working profits in 1911 amounted to So
,;s7sO. compared with s5,151,2s6 for the
r.ay preceding, Interest on investments
,otalled sl4o.OI5. as compared with s5I,-
,nl A balance Of $500 55 IS carried for
ward 10 1872
Where They Come From.
Most Of the presidents of Eastern roads
have come from the West. according 10
NV. Jones tS CO. ". II. Newman and W.
E Brown came 10 the presidency Of the
New York Central lines successfully from
western roads. and Daniel Willard, OF the
Baltimore & Ohio, was developed IN the
West + p. Underwood, of the Erie, came
from the 500" and Truesdale, Of the
Isckawanna. from the Rock Island. {. ;.
nelleu. Of the New Haven. got his training
years ego on the Union Pacific, and late"
served q practice term as president or the
Northern Pacific before being called TO his
r,esent position. l.. +. Johnson, or the
Norfolk & Western. came from the Middle
West Frank Trumbul, who runs the
cb.sapeake & Ohio and the Missouri. Kan
Gas & Texas, from New York. became
railroad man the other side of the Missouri.
Miohioan's Copper Production.
In 1911. according TO the United States
Geological Survey, the mines Of Michigan
rroduced l9,s40,102 pounds Of copper, valued
a. s27.4s0.olS and 1921 fine ounces OF sill
yer, valued at S2S3,559. total OF G''143'5'-'
This was a decrease in value Of s7lo'oSS' or
shout rs per cent, from the 1910 production
due7to slightly smaller output Of copper ana
q little lower average price for the metal
owing 10 the decrease in the price OF COP
rer there was a decline from s. 5i In lslV y
rDin 1911 in the average value per ton oi
rock treated. Recovery Of refined copper
rer ton Of rock milled in 1911 was 20 POUNDS
conuared with 2OJ pounds in 1910.
The quantity Of silver recovered was 4S''-
ri 6ne ounces. an increase Of 166,1l ounces
over 1910. OF the silver, 5l3 ounces were OBJ
tanned as pickings. and 496.76S ounces were
derived from tho electrolyuc treauHeH' VI
p755 ~ pounds OF copper.
The mines Of Houghton County proouceu
Es per cent Of the copper and s-i per cent
Of the silver output in 1911.
.. Drygoods Trade.
The. Y Farweu Company, Of Chicago
IN their weekly review of wholesale dry
rnods trade say: Business conditions are
sonnd Volume Of trade is good and sum
nAr weather is bringing heavy orders lor
seasonable goods
Northwest Car Movements
Owing largely TO strikes prevailing III
49,. - tho lumber districts, as well as 10
o,ber causes. the movement of cars re-
,,o-,ad nv the Pacific Northwest Demurrase
p,reau. between July ], 1911, and May J.
,o12 was somewhat smaller than Tor
ike period in the preceding season. COM
missioner W. F. Allen reports @o9'SV- cars
moved This season against 1866 cars last
season. The Northern Pacific handled 800
rer cent of the cars during April, out OF a
total of 1854 cars.
Deny the Run1or'
Z, Is reported that interests connected
With the Alaska Steamship Company aoso-
h,te,v deny that the acknowledgement
syndicate is contemplating additions to It's
Pacific steamship feet The company now
mas fourteen first class vessels In commits
sion which they say are rated among the
hest in Pacific waters. and are sufilcient 70
care for the business in sight The Alaskan
steamship Company, IT is said, is not pre-
rarirg tn enter the Panama service; It's
ACTIVITIES will continue to centre around
TIE Northwest.
Western Passenger Business
Aucordug TO Chicago adyices, Western
ros5, co,nrIsin Of poor passenger service,