New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-14
{ NOTES OF FINANCE
.,,suhs Of Current Interest
p'S for the Investor.

-. ,aIking it, Talking what?
fsroO'' ,y,ll be In a few days, and in
sib's IN they'll be dreaming 1t; some OF
h;sso 1--we nightmares. The one salts
90 W. H rh, Is that when the choice Of
sp6 w. I candidates has been decided.
ssdspu~ ,nterrogations Of everybody
Urie" sollsr will have Quoted, and
y :" vi be crippled dove OF peace slow
n ~ and Wall Street may breathe
- Of relief
North and South America
-. orders are still coming from
aSpnsss The Jersey Central has pur-
pian freight cars, and the Norfolk
sN In has ordered 80 all-steel pas
W'''s aa.bes. The Argentine Republic
FN ,.yss i.ooo freight cars. for which
CUE :, mates and shapes will be fur
w pittsburgh steel mills Brazilian
sea 90 purchased 10 locomotives and
~ 'o Is negotiating for 81
Better Year Expected.
,,.nes reports of Virginia Chemical a1,
JAN earnings, though not official, |
clso,sdered approximate and show |
rs,rent over the fiscal year of |
pr st wear the company earned g IL |
=, common after providing for |
'.sfsrred dividend. The Improvement
sboWn in the cotton oil business
4 y ,be company. which is figured to
"a overcome the loss due to falling |
4 fertilizer demands
High Gross Record.
,,mipg that June will average about
IN earnings as the month OF May, |
4 '.,.l gross earnings of the Baltimore
~ GILL be close to s92,00O,ooO. which |
rev high record for the company.
innings will not be so great owing |
-, svnenditures for maintenance and
Elements. The total number of new
~, IN use by the Baltimore & Ohio !
- :. around twenty thousand for the
,,u lal and 1872
American Can Earnings.
rsnorted that the American Can
ANY does about So per cent OF the
..n business Of the United States; in
.ss,, 10 which II furnishes machinery
4. ,.klng cans TO its competitors. The
-. have been increasing for several
-. kut surplus earnings have been put
~ INTO plant equipment and construc-
=, RuInors Of prospective showing OF
.,.,,rs for the year ended December 81
!, AVE been in circulation. and run as
an as IS per cent in profits on the pre-
49, stock. There is talk that back diVi-
e.. NAV be paid off I'm a few years II
4, resent rate of earnings Is kept up.
rs however. is speculative.
Wheeling & Lake Erie.
rcu the present view the Wheeling &
4, Erie mix-up is not In course Of adj
lsnsnt and 1t will probably be a legal
n for some time. Two boards OF d.
,,ss and two sets Of officers are like too
.1y cooks, and the roads broth will be
alsa II the burdensome officials on either
, SIDE or the other are not deposed.
he financial condition of the Wheeling
LAKE EIl6 NOulu bttfil " tnNlllC II W a
ter fate than court proceedings and q
:sNrship. The gross during the last
II years has increased AZ per cent, and
net after expenses and taxes. has In
ued 40 per cent.
United States Motor Debentures.
ts financing of the United States Motor
-psny Is now assuming some tangible |
y; al least indications point that way. |
tnesday there was conference among |
riown bankers and representatives of |
nmpany, and, while no details We're |
L public, the talk is that about $4,000
funds from the sale Of s., 900 6 per |
1 debentures will be soon forthcoming. |
I debentures are running part Of |
DsO issue authorized in 1911.
Improve Canadian Pacific.
be Canadian Pacific, 1t is announced, |
sxpend over so, 1000 900 I'm double track
ard lowering grades on its Rocky
'gntain division, but how the money is
h provided was not included In the in
nation. The common stock Of the com
" as at present authorized is 500 ,000,G 600. |
leh is paid up except 100000. so 1t may
hat some new stock issue may be
'aght out accompanied by valuable rights |
stockholders. Unless a special meeting |
nlled no stockholders authority for a
. stock issue could be secured before the |
anal meeting, I'm October.
Rather Poor Outlook.
q, New York, New Haven & Hartford's |
'ki may be increased by the general in |
cstoas that the New York, Ontario & |
en.rn may not declare its end-ofthe- |
a. p per cent dividend. The passing |
ne dividend would withhold from the |
" Haven treasury about $3.50, 900, as the !
urs holdings in the New York, Ontario
ss,en represent a controlling interest. |
Forced Extensions.
NJ Cambria steel Company. it is report
wi begin building operations on three
" open hearth furnaces at the Franklin
~ on July I. When completed this will
" The Franklin plant twenty furnaces
" The completion OF these furnaces
apectsd by January ], 1913. The COM
y announces that increased business de-
tn's the added facilities. so it is evident
Y work IS progressing to the present fun
ssdty.
Cosmopolitan Bonds.
Anolher magazine offering OF securities
= been announced by The Cosmopolitan
sfaEins,' Hearst property. One million
~ cent ten-yesr gold bonds are offered
public subscription. No figures are
w only 4 general statement that The
snopclitsn' has been enjoying tho larg-
net profits Of any magazine.
VIII Control 20 Per Cent.