New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-26
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

According to figures made public at the
National Tax Association conference In
puoalo. the assessed value Of all cor
crate property in the state of New York
a., 1912 was S1.273,501,393, out Of total
assessed value of all property OF SLICE
oS5914. The total OF corporate taxes
levied through the Controllers office In the
state this year, not including the special
franchise tax and direct ad valorem taxes
amounts TO s1O,910,52s, an increase OF
,,s1. 364 over 1912. The public service
generations, in direct tax on capital and
earnings. this year paid total of S4,-
,o1 49S, of which the capital stock tax
was s1.463,455 and gross earnings tax
20 s3s.O4S. In the I'd District Public Ser
vice Commission the non-diyidend corpo-
rations have a capital OF nearly S5oo'ooo'-
900.
Cautious, but Optimistic.
II is consoling to find bankers inclined
70 be optimistic during these days when
the country is beset with so much un-
certainty. r. L. Bigelow, head OF the
banking house of Bigelow & Co. says that
the country as whole has been on an
economical and saving basis since 1917
The people of the United States, when
they take off their coats and go to work.
nile up annually a surplus that is
marvel TO the rest Of the world, and this
we have been doing for several years.
"The tariff is now settled" continued
Mr. BiCelow, but its effects are yet prob
lenatical. Commerce will go ahead. very
slovlv. but surely-this for two reasons,
hecause of the producers own uncertainty
&C 10 how his markets will be, and, sec
cnd. on account of the bankers being un-
willing that producers should go ahead
TOO fast. The bankers unwillingness
arises not only from his uncertainty as to
the extent he should allow the producer
N expand but also as to what effect the
currency bill will have upon his own In
stitution. Until the currency bill Is SET
fled. II seems to me, the natural caution
of our soundest bankers and business men
will prohibit them from any great ex-
mansion over the present condition OF bust
ness This IS indicated in the condition
NJ money to-day-for commercial enter
prises il is hard to get, yet the call rate
and short time money Of Wall street mas
not been available at as low rates at this
time of year for many years.
Financial conditions in Europe are get
ting easier instead Of harder, and under
stand that they are expecting better bona
markets after the first Of the year III
cur currency bill is disposed OF and the
Mexican situation is eliminated there VIII
10 millions Of dollars here seeking invest
,nant. This large surplus must be nut tc
rork. To what extent this will be reflect
I'd in stock market speculations l cannot
-ay. but a large portion Of 1t will find It's
way into legitimate investment of securl-
ties. There is heavy financing to be done
nv all the railroads. and with the timidity
that the last few years have bred In the
average investor IL is more than likely
hat Wall Streets business will be or an
Investment nature rather than specu-
ative."
PhiladeIphia's Bond Offer.
The city Of Philadelphia is to sell ST.
100000 Of thirty-year 4 per cent bonds at
ar by popular subscription. These BONDS
we're authorized by the City Council on
october 8. and the first offering Will be
made next Monday. The decision TO deal
lirect with the public resulted from the
uccess in selling the major portion OF
$1,000. 900 bond issue last May, when
money conditions were more unfavoraole
than al this time, and Mayor Blanken-
burg and his advisers believe they will
have no difficulty in peddling this issue
across the counter of the City Treasurers
of1ce