New-York tribune., 1912-06-11
1912 SIiahtly Improved.
A Rumorcd Increase.


fns silver
A Rumored Increase.
tnusyille & Nashville now is giving evl-
,...ss Of some good prospects for stock
.I1.rs several things are being talked
sar, in connection with the roads divi-
s.na action. II is said early this year the
s.rseement decided either to increase the
.,,Idend rate or give a bonus after election.
May increase Dividends.
a., mix % the directors Of the Tennes-
.cosner Company viii meet TO take ac-
80, an dividends The impression seems 10
:. hat l7-cent copper metal will 80 long
.,r9toward placing ths stock on an in
.,.ssed dividend basis.
80. Not Coming Soon.
There il No reason 10 presume that tbs
e..soard Air Line viii begin dividends
.,on az ths rate Of per cent as per runlcrs
,so,, The surplus OF the road for the ten
..onths 70 the end Of April was equivalent
80 share OF stock, and the dividend bal
,,cs for tbs entire fiscal year will prob
.sly not be much IN excess Of per cent.
Wonder What II Is,
~o- Ts are 10 have q Wireless 11quldat
ns Cornpan~. according 20 incorporation
,.psrs aled az Albany. and the capital will
MtTyen. This will be very convenient
sehs 'ccmpany's purpose be 5nything Ike
N. suggestion given by its name. How
s.ey,it will be TO liquldate securities hy
SON. process Of wireless operation! OF
course. il may be that the wireless idea will
:. carried out only in n1uidatlng the com
ranys own stock.
A Rapid Development.
The Canadian Northwest is gradually d.
,.oping into q dominion Of wide financial
Importance. which IS extending TO English |
e,ritalists The Calgary Brewing and Malt |
,ng COMPANY through the Western Canada |
trust Company, Is offering S2+s 100 ) per cent 7
hon6s in the London market. Not so many |
Years ago Calgary was simply dot on the !
nap and this coming 10 the front as
market Of securities for home industries |
indicates how rapidly hamlets are develop |
hs into cities of international importance |
" North America.
No Merger Expected.
Gossip had n that the New York curb |
ssd the Consolidated Exchange would form
,msrger But this gossip. like most OF the
Ne talk in Wall Street. is absolutely de- |
ned
Increased Steel Tonnage.
The unhlled orders Of the United States |
Steel CORPORATION on hand on May n. 1872 |
are reported as 8. .759s ssS tons. BY compari- |
son with April and other months this Is An
zerease. as April 30 figures we're 5s4.Ss0 |
tons March, 5.3o4 s4l tons, and in 1911 for |
Nsy the total vas 3.115is7 tons. The United !
states Steel Corporation Will expend more
ihau S5o.oco.0o for new steel construction
ard equipment during 1872
Pere Marquette Reorganization.
40 definite plans have been reached by
the various interests Of the Pere Marquette
for recrga nization. a meeting Of the re-
eeiiers. members OF the protective commit
Zee representing the per cent refunding
bcndholders and representatives OF J. T.
Morgan & Co. held recently, failed to
com. 20 any agreement. IL is reported that
Nithiu another month some plan may be
tteepted.
as Possibly Good Press Work.
During all this period of reported deals
and ihtrigues In connection with the Sea
hard Air Line and corresponding denials
70 all the assertions made, II really looks
though the new management had a good
press agent. Certainly the road and the
new and some Of the old people are getting
Nenty Of newspaper advertising
No Price Yet Fixed.
Thres million dollars Of the per cent
hlrty-year American ice bonds, which
we're authorized by stockholders Of the
Csnpany at their meeting oil May 81. have
Wen underwritten by Philadelphia bank
st.rbnt DO price has been announced al
fieb hey will be offered to the public
tVtMedernizins Of Steel Plants.
Several hundred thousand dollars Will
tssn be expended. according TO advices from
shron, Penn in undermining some OF the
United States mills In the vicinity or Ma
eonlng and Shenango valleys. At New CAS-
u. IL is said. one Of the largest improve
nents is 10 be put into effect. The She
hango tin plate mill VII then be more fully
@uipped and have up-to-date methods ana
mAchneFy. The Mercer works Of the Amer
ksn Sheet and Tin Plate Company VIII oe
enlarged. and consequently the capacity VIII
e greatly increased.
?. Steel Company to Begin Work.
Another, report from Sharon. Penn, says
hs oungstovn Sheet and Tube Company
expected 10 begin work shortly on the
lsaSth blast furnace which Is a part OF The
East Youngstown plant. II is estimated
'ast The daily capacity Of the stack will De
tsasy Ae tone About 10000 will cover
"eoutlsy represented on the furnace.
Like Father, Like Son."
very deeply concerned spectator
Nroashog; the hearing OF the Waters
hefce Oh case last week, while John d.
Nckefeller Was being questioned. was one
Mr.. Un,ermyer's sons This may be
9S OF a chip OF the old block
4, a Paying investment.
vne OF the chief reasons according 10
ssectore OF the Miami Copper Company TOT
- - strength OF its shares Is the wor"ihs
Ssoditional ore reserves. One OF the prod'
- Of the ,'rufnor mill" which wen. win
we Ess was to the effect that MIAMI "aS
"Aking Of an Increase In its dlVidchH.
owing 10 the fact that Miami having "e-
JARED dn initial dividend OF % Genus
mare last April, thereby placing the s'oeA
yearly basis of 81. II does not seem
Hctsble that the company VIII endeaVo'
" Increase the rate at present. o'rec.
'fs meeting IL booked 10 take place apou'
'sy 10 take dividend action.
Win the production II approximate
rvec@ pounds OF copper yearly ana ts'e
s'hns of copper metal at l7is cents MIN,
estimated 30 be earning at the rae VI