New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-30
BRIEF NOTES OF FINANCE
paragraphs Of Current Interest
for the Investor.

..nort from Chicago states that the
..,,ago Telephone Company may soon
.a- ~ an agreement with the city on a
GU -ss,or Of rates. An aggregate reduction
'"hort $4,000 is said to be involved in
q o. raw agreement, which is one-haif of
- ,sduction recommended by Professor
n",,,s the citys public utility expert.
~ Council committee on oil. gas and
',,.,rle light has instructed Professor
,srois n have all necessary data before
!, =, rs next meeting. on January 2. 1t Is
"a that the company's new pension fund
"a proposed per cent increase will be
'.cIuded I'm these data, and for this rea-
Il is believed, the officials have
s.s,ad that any revision in rates should
be downward.
May Purchase |. & G. N.
his generally understood that the Mis-
.o,ri Pacific Railway has an option,
mich Is said to expire on January Is. to
purchase control of the International e
r-aat Northern Railway. II was reported
nat the Missouri Pacific had engaged an
avnert 10 look over the International &
Great Northern properties to ascertain
49, nhysical condition and determine its
TRANSFORMATION needs. The report has
not vet been announced, but is expected
at any time now.
Somewhat Different.
The railroads are facing problem en-
trelv different from the one existing in
neeember. 1911. II is not a question to-
dew of securing tonnage, but of facili-
fes for transporting that tonnage. The
fortnightly statement of the American
Railways Association shows that on De-
Gambler II the railroads of the country
were short 1892 freight cars. This indi-
Gates that business is still in sufficient
volurne to at least start the new year
suspicously.
Western Drygoods Trade.
Marshall Field & Co. In their weekly
review of the drygoods trade say:
THE holiday business closed strong OF
Monday and Tuesday of this week. New
business coming in since Christmas Day
indicates that retailers are anticipating
that business will continue good and are
making ample preparations for January
clearing sales, also special sales of new
spring lines.
'Orders for staple merchandise on hant
Thursday mori ing We're more than double
in number those OF the same day a veal
ago. Shipments Of such lines as white
goods linens. wash goods. undermuslin'
and laces for January sales are now be
ing made. Retailers are anxious for thi'
Ing received for earlier shipments thar
were specified when advance orders wer'
taken. Road men going out TO their re
spective territories are enthusiastic as u
PROSPECTS for a good business during th'
next half year.
Several DAYS preceding Christmas wer'
the heaviest selling days in the experi
ence of our retail store, all previous rec
ords being broken"
Technical Position Strong.
wagner. D!ckerson & Co. view the posi-
zion OF the stock market favorably, a
follows:
There is at present a minimum o
large speculative commitments for IN
rise This technical feature is one o
strength. Unless our estimate IS wide
the mark. it will be found that curreh
prices are sufficiently safe for investmeh
and reasonably safe for conservative pur
chases looking 10 more transient proiits
II must be conceded that constructive &C
lion. such as an increase in railway rates
should logically follow the long period o
housecleaning 10 which our corporation
have been subjected. and it may very wei
b. that various other circumstances ant
environments will determine that the pres
ent price level is in reality extremely io'
in many prominent instances.