New-York tribune., 1912-08-16
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

for the Investor.
some correspondents are trying TO work
up story about Standard OIL being be-
hind a scheme to extract sulphur from
Texas land. Perfectly absurd. Standard
oil can extract plenty of sulphur from
wall Street any day. Not necessary TO
20 to Texas.
Pullman Con,pany's Earnings.
The earnings of the Pullman Company
for the fiscal year ended July 81, it Is
raported. will establish a new high
,or this company. For some time there
have been rumors of a favorable char
sc;er circulating around Wall Street rc-
carding tho Pullman Company's earnings.
The information from Chicago IS that
gross earnings will exceed &0O0o,00o but
the percentage on the Sl20,0OO,000 stock
will he less than in some former years.
The car building department has oper-
ated close 10 60 per cent of capacity for
the full year, compared with 80 per cent
during the 1911 period.
Backed by Eastern Capitalists.
The plan Of the Provo & Eastern Utah
Railroad 90 build line from Springville.
Utah, to Steamboat Springs, Col, is be-
Heved to be backed by Eastern capital
lists The road has been recently in
corporated with S10Cco0Oo capital stock.
II is thought that the sum of sl6,oO0oo0
will be involved in the cost OF construc-
ton for the entire line. The idea is said
10 include the construction of a dam and
y S,,ff
Mountain. costing Sl5,0Do.00o. and an elec-
r,c generating plant, also estimated at
100000 The proposed road, when tir-
shed. will afford a SO0-nilc connection
for the Denver Northwestern & Pacific.
which at present enters Steamboat
Springs by way of Denver.
Will Ask Bond Issue.
The ratification OF the action on the
part of the stockholders in providing for
bond Issue of s15,ooo,0oo will be asked
at the annual meeting Of the stockholders
of the St. Joseph & Grand Island Rail-
way Company. according 10 an announce
ment issued by President G. G.. Lacy.
The meeting has been set for october
*. at Ellwood. Kan. II is the intention
Of the company TO use 100000 Of the
rroposed bond issue Tor refunding out
standing bonds, which are secured BY
first mortgage. While the remainder Will
be used IN bettermerts for the entire
length of the line.
Chinese Bank Founded.
Tho Department of State at Washing
ION has received word from the United
States Consul General at Hong Kong. 10
the effect that the officials OF the chi
nese provisional government at Canton
are creating an attempt TO establish and
maintain a bank which will act as the
public treasury agent of the provisional
government. il Is stated that the idea is
beiug financed by private capital TIE
Capitalization Of 100000, In local cur
reacy. or about $4,000 at the present
rate Of exchange is reported 10 be needed.
Canadian Leather Companies Combine
Tho Todd Plant. OF Meaford. Ont, and
the Francois Adams plant at Canrose
will be combined with the Edmonton
Leather and Shoe Company, which has
lately been incorporated under the pro-
ylncial laws Of Alberta. Canada, accord
ing 10 reports. The shoe company has a
csDitaiization OF $4,000 and viii manu-
facture various kinds Of leather goods
Including harness, waterproof boots, lum-
bermpn's aprons. shoe packs and mecca
sins The construction Of the buildings OF
the company. il is stated Is under way.
and the total cost Of the plant is esti-
mated at $4,000.
r.. Darveeter Interest.