New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the investor.

Tor inc investor.
-A. sneculative traders lost hope when
I, Us learned that Judge Moore was sail
,rr and Dan" Reid had gone West OH a
,r,r A market that loses its strength ON
,bt departure Of two men from the scene
- action does not seem TO he much 81 an
investors bargain counter.
Leather Prices High,
p.ror,s are current that the Central
,,a,rer Company Is showing substantial
.,-r,,rs. and that profits are more than
,o.,sfa ,+orv owing TO the price or leather
-, - now the highest it has been for
gears
A Favorable Balance.
Ranks still continue to receive large
mounts Of currency from the INTERIOR 'he
,,,r, of which appears to come from Nearby
,oints To offset this income Of money the
suh Treasury is taking substantial 1unds
I,o,,, the banks. but the interior receipts
.ra larger than the disbursements. so there
-. 10 he no trouble ahead as regards
srarcirg the June / disbursement
Penn company's Holdings.
pasnActing the rumors that have been
.,rrent for some time. a denial IL now
nd 70 the statement that the Pennsyi'
,,anta has been accommodating additional
,..,5i,es IN Panhandle stock, either 10 Ell
,sc, a direct lease or bring about a merger
Nth The Norfolk & Western. Generally il
ts believed that the Pennsylvania 10"
hoi.e control Of the Panhandle, the title
- ,bs stock being vested in the name oil
~. PENNSYLVANIA Company. The annual
,.,o-r Of the company on December 81
,o,, records that the Pennsylvania com
many owned 6 per cent OF the outs'a'u'"s
co,,,non. 81 per cent Of the preferred ano
., nor cent Of the total share capital re-
,o.eAn. December 81, 1910. and December 81
,o,, ,fa Pennsylvania decreased its pre-
go holdings $50 but increased Its
ior,o,on Interests $l.4Sl ~. The proportion
NJ control in the Panhandle is greater thar
IN other important PENNSYLVANIA SUD
salaries
Claims Law Invalid.
TIE Peoples Gas Company has amehoec
,,s answer to the city OF Chicagos man
dauus suit. and now claims that the IaV
If Nav IS 1895 giving TO the city OF en-
cseo the power to regulate gas prices /
invalid. owing 20 five technical irregulari
ties attending its enactment
.. Southwest Prosperine.
. The statements Of the Hartman lines
SHOW favorable condition Of business II
The Southwest. crop conditions In th'
territory along the Hartman and Santa t'
lirAs are reported TO be excellent ana th'
cAcisls Of the Hartman and Santa ~
interests expressed the belief that th'
,cads will receive a large volume oi 'n
traffic on the fall months.
More TELEPHONE Bonds.
TIC Bell telephone companies are nov
s7psrentlv in wholesale plan Of financing
.T,s latest Is that the Bell Telephone Com
rs-z Of Canada Is arranging TO isSu
s. IN 10 bonds. The report Of this expected
issue. carries the information that the issue
VIII be taken by New York and BostoI
bankers who have been taking up lars'
Canadian issues.
Anthracite Situation.
The anthracite production during Ma
PROMISES 10 total about 100000 tons IN
mines up TO this time have not been Il
condition TO be worked properly, and the,
have been insufficiently manned. The min
lsborers who left the anthracite region
On large numbers when the suspension he
gan are now returning. and in weeI
,,ore win be on their jobs in larger mum
hers. The June production is generall'
expected to be about normal There l
only q fair demand for coal
Steel Orders.
The PENNSYLVANIA Railroad has place.
an order for 800 tons of steel 10 be use
n bridge construction. The Biltmore Hote
contract will he let on Friday of this week
which viii call for 1900 tons of steel
Pacific Mails Year.
The Pacific Mail Steamship Company
annual report shows that the company OF
November 1. 1911, purchased the steamer
NongoHan and Manchuria from the Orego
Short Line for $4,2127s4 The paymen
vas made nv notes and during the yea
ended April 50. 1912, there had been pail
on the purchase S2o5,oS9.
The figures for the year show defici
efter depreciation. repairs, etc, OF SIP
u2o End decrease Of $1So194
Northern Pacific's Annual Report.
The Northern Pacifc's April statemen
showed 81 increase Of only s82,8&2 in ne
earnings before taxes. over last April. bu
me showing is said to have been bette
than o17ciale had expected. The con pan
rr4d' I6*ed 70 M able to spend at leaS
.tltogeo more than NJ did in the month 70
rlantersu.e. but was unable to get a
many lsbor.rs for outdoor work as /
ne@ced Tha failure n spend this addl
tional sum. according 10 reports, does no
mean that anything has been neglected
tecsu,e the SYSTEM Is said TO he in excel
len shape from one end TO the other
Ma business is running along about OF
par with ID year ago. Officials OF IN
ro4d expect a. soon as the crop become
pore definitely assured that the lumDe
h1sIse1v which ~.-~titutcs about 80 pc
Cert o. tro Northern Pacihc's freight trafho
VII show an Improvement.
General prospects continue good. appdr
srrlv forecae'.ug = decided improvement u
eo'val results tins autumn.
English Coal Strike,
ACCORDING % consular reports, the efec
o. the coal strike IS shown in the trad
returns If the United Kingdom for April
The strike did not end until the middle o
the month I'm view NJ the demoraliza
ton Of the transport services. the numbe
Of factories that we're closed on accoun
e. the labor troubles or which we're op
eated on short time and the great mum
hers OF working people who were throw
on Of employment. it Is indeed sur
rr,siro tint ,., le..cl Of trade was so wei