New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-11
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.


,,arts winning and the stock market bet
- ve can stand the shock caused by
reports OF Hetty Green's speeding IN an
automobile.
y To Secure Maximum Car Service.
Appreciating the great pressure that
.,n he put on the railroads to provide
.ors for moving the large volume OF
s-o,gbt this year, the Lehigh Valley Rail-
ad has issued a circular 10 employees.
- the circular details Of proper methods
- 10 nursued are given, particularly In
shs loading and unloading OF cars. The
e,.o,,,ar Is intended to bring about
s,.her degree OF car efficiency with the
- already in use Information for ship
80 and consignees which will assist in
rrevsnting congestion IS contained and In
,hs circulars introduction General Man
ager Mcguire says
ssrhere is every indication that the pres
ant demand is but the forerunner Of a still
Greater demand in the near future. and If
ssrlous car shortage is TO be avoided II
Mill be only by the heartiest cooperation
Of all employees
Coal Prices Advancing.
"Tbe Coal Trade Journal" in its weekly
,evjew of the trade in a paragraph re-
ferring 10 prices says: "As 1t Is low
pr,ces on coal are practically unknown.
THOSE little two-fgure prices, under the
--dollar mark are no longer heard In any
oparter. for even slack is scarce and
tonnage is readily disposed OF at u o.
IN YES 81 rs, 50 and more for the better
grades, suitable for domestic use or
course. a lot Of coal Is going on contract
AZ the low prices of six months ago, but
nsrebance this amount is not as large as
:, oueht 70 be, for we fancy that some
,,ro.nt buyers are folks who had con-
tracts with people who find cars very
,corce' now that the transient market
o,rsrs such opportunities. The fact that
t,dpstrial conditions are so excellent
makes the price Of coal relatively unim-
portant, and It is seen that buyers who
want tonnage are not disposed 10 haggle
as to terms
Cotton in Central Asia.
= 1,rdsr the influence of the high prices
4 ,or cotton In 1910, according 10 consular
- rsnorts the planting OF cotton in Russia
,sss Increased. The first wagonload OF
~ o.,,,on frorz Central Asia (Ehokand) was
F,rrayae6 on September T. 1911, but gem
orally speaking. the cotton crop was re-
I Ssrasd by lack Of rainfall. However, the
Weld was superior TO that Of 1910
: = According 10 the eastern district COM
..r,ttee. the cotton crop in Central Asia
Z I'm 1911 is ee.inated at 12,5O0.oOo pools. Out
AZ tbls.ausntity, $4,000 pools were pro-
Z -suced IN Ferghana, 100000 pools each In
Bskhara and the Transcaspian district.
about 100000 pools in Tashkent, and
=spproximaesly 10000 pools each In Sa-
markand and Khiva However, market
Ting conditions were less favorable than
last year because of the low prices ot
American cotton, according TO which the
Russian urices are fixed.
Aldr,oh Plan and Modern Banking
: In these days Of debatable currency
plans any calculation OF the aostruse
problea Of our currency system Is inter
testing Ludwig Ben6ix has prepared
t. volume Of Els pages. entitled THE Aldrieh
+ Pau in the Light OF Modern Banking"
wl,.b Hallgarten & Co., bankers, Of this
Aeity are distributing among their friends.
\ Any move which will assist in relieving
{ ihe density which the Aldrich plan and
others present to the understanding Of
NEST people is appreciated.
s. Iron and Steel Trade.
q The journals Of the iron and steel trade
: continue 10 review the progress of busi-
{; ssss with optimism. In this weeks Issue
The Iron Age" says:
- $50 much OF the business entered for
delivery this year must be carried over 10
1918 that buyers are finding unexpected
difficulty in placing material needed In the
first quarter Chicago district plate and
structural mills have now practically come
! to the second quarter OF 1913 so far as
new bookings are concerned. One Penn
sylvsnia steel company is 80 fully sold up
|. that It is making no new sales whatever
/. for 1913.
Verified statistics OF pig iron produc-
ton IN September show a total Of 1865
sssas tons or s2,l2s tons & day, against r.
I slf43i tons in August, or S1,O46 tons
day. Merchant furnaces made the largest
output since June, 1910, at 25,026 tons 4
day against 21,5s2 tons in August. Steel
, works furnaces fell of slightly. There
( was &, in Of ten in active furnaces to
2ss on October ], with capacity OF &c.
2s tons a day. In the record average,
made IN February. 1910. the output was
Ss.s1s tons a day. Including charcoal
Iron production is now al the rate of 3d.
10000 tons a year, against Sl,sOo,oO0
tons in February, 1910"
The Iron Trade Review is equally full
o. promise, as shown in the following
Production Of steel ingots and pig Iron
IN October will probably amount to the
largest tonnage in the history OF the coun'
Try. The United States Steel Corporation
win make fully $500, 900 tons Of steel, and
he production of the independent COM
panies win represent about the same ton
mage Iron ore shipments are also max
Il ing new records as September was the
fourth month In which more than 1000
VOV tons OF ore were shipped from Lako
superior mines, and Il IL expected that
tels movement will show shipments great
Il ef than any other october In the history
o. lake traffic. Tremendous production OF
~ Iron and steel products Is being abb
sorDed by the country without difficulty