New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-23
BRIEF NOTES OF FINANCE
parauraphS of Current Interest
for the Investor.

rs. cut in the price of steel products
- hos been made at different times
emily. while probably Influenced by
.,r,rg off in business. has also been
s..tod bv the prospect that many steel
s,c+e will be free while others may
,,,rorted at lower rates of duty after
,assare of the new tariff law. There
aiso i'm the outlook the depression in
Eel business in Germany where the syn
s,cates have been unable TO sustain prices.
r,erc is a probability of further reduc-
.io,s in steel prices In the market TO keep
am in1portations of foreign steel Those
Identified with the steel business do not
81. with any alarm on the situation and
.,oress themselves as confident that the
s,ssl trade as a whole will not be serious
i, hurt in the question OF net earnings
and dividends.
Will Benefit This Country.
According TO the British Blue Book, is
srsd bv the Board of Trade Commits
.ioner. the probable effect OF the opening
- the Panama Canal on South American
trade will be largely in the interest Of
,he United States as against Great
B-itain as tho latter country is liable TO
suNer considerably by American compe-
,i,ion The view taken is that the United
states will better assure the stability or
The Republic and will induce more Amei-
ran capital 10 develop the resources OF
the country. consequently the increase in
bnsiness will so chiefly to the United
states Based on this information. which
zones from a source naturally prejudiced
IN favor Of Great Britain. the outlook for
the southern and Southwestern sections
~ the United States adjacent TO the coast
noints which will be in direct trade rela-
,onshlp with Central America is particu-
,arlv bright, but OF course an economic
eject on all the states must follow.
Il Is Different To-day.
IN 1872 the Republic of Mexico was on
sound financial basis, and its income was
sufficiently large 70 meet expenses OF the
budget and leave a surplus. 1t was In that
year that President Taft and President
Daz exchanged visits across the boun-
dairy line and the press Of the United
States and Mexico had columns or
felicitous greetings and predictions OF
closer bonds and harmonious relations
between the two countries. The bal
ance Of trade in Mexico's favor that
wear was the largest ever recorded,
and the Mexican government congratu-
lated itself and was in turn congratu-
lated upon the showing that indicated
the financial crisis of 1907 had been
successfully passed. The foreign trade
that year amounted TO S92L456,S7, In
which the United States participated TO
the extent Of about $l6O,000,Coo To-day the
scene is different and not only is Mexico
in the throes OF disruption. but all
branches of her trade have suffered
beyond estimate and even after peace has
been fully restored and the country has
assumed a normal return TO the pursuits
Of trade. industry and agriculture 1t VIII
REQUIRE years 10 recoup her losses ana
esta blish herself again on prosperous
basis.
On Dangerous Ground.
THE Outlook" Theodore Roosevelt,
contributing editor, advertises it's merits
as an advertising medium by calling at
tentlon TO the fact that members Of the
New York stock Exchange bought 2o'cW
copies Of its issue Of June %. containing
AN authoritative article" "on the work
irgs Of the Stock Exchange" and that
leading railroad bought 1000 copies OF its
issue Of July 5. which contained "an I'M
portant editorial by Theodore Roosevelt
entitled The Living Wage and the Liv-
Ing Rate which is a plea for justice IN
dealing with the railways
II The Outlook" is not careful some
eranks will be charging IT with being run
in the interest Of the New YORK stocA
Exchange and the railroads-Manuiact
urers' Record.