New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-12
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

-.. cordial reception given by bankers
.he Al. per cent bonds OF the new
y. o,n 40 issue by the Chicago, Milwaukee
e, Paul indicates that it is question
., Geld in high class issues rather than
scarcity of money in the investment
let especially when these issues may
,,rchascd below par. One point which
;ronressive lies in the fact that such
..oos as Pennsylvania and st. Paul should
ting out financing issues at this time.
,,,adcntlv they are convinced that the
a.rod is opportune, irrespective Of the
sopdtjon Of the general money market
Troubl. in Quicksilver Company.
mn, in California they nave been having
row among the stockholders and di-
s,c,ors Of the Quicksilver Mining Com
,.,v owner Of the famous New Almaden
.,,ne. which is situated between San Jose
,n1 los Gatos, and practically controls
,he worlds output Of quicksilver. Stock
tolders I'm New York appointed w. IL.
r.nders to make a thorough study and
oc,raisal Of the mine. but when he at
,empted 10 carry out his mission he is re-
,o,ted 10 have been forcibly prevented
iron, doing so After a two hours wait
che mine management changed its tactics
.,d pcrmltted Landers TO start a physical
,sIuauon Of the property. Charges Of
,oismanagement are said TO have been
made al the stockholders meeting held
in New York and the resignation OF
President Charles \. Nones was de-
msnded. Il has been rumored that the
con,nany is under investigation by the
Denartmeat Of Justice. but this was not
verified. except that some communication
between the president and the federal
government was admitted. The New
Amadeu mine is the oldest in California
and was discovered during the Spanish
ocoupation. Its gross output since dis
covered is around s7O,oo,oc0 worth or quick
silver and its present annual output is
between 10000 and $4,000 annually.
Popular in London Market.
American rails are we'll thought OF in
tho London market. as is evidenced ny
the following from The London Statist ::
prices Of American railway securities
are at the present time distinctly low,
having regard TO the condition OF trade
the financial strength OF the companies
ard the prospect of the maintenance or
the current rates OF dividend. For in
vestors who are looking for the higher
class Of security. giving a reasonable re-
turn upon capital. we strongly recon-
mend the bonds Of most of the American
companies. The higher type of bond, the
safety of which is beyond question, can
be bought TO yield the investor over
per cent. while the second class bonds,
the security Of which is also undoubted'
can be bought TO give yields of about 2E
per cent"
The Country's Good Roads.
The movement in the direction of good
roads i'm this country has made wonder
full progress. as is shown by the informa-
ton that there are to-day upward OF 800
ea 900 of good reads bonds issued and out
standing: figures compiled by the Good
Roads Year Book of the United States
This aggregate is based on returns from
the various counties i'm the United States
and may be appreciated when it is stated
that for the two wears period ending De-
cember q. 1911. more than 5000 miles OF
inproved roads were constructed or
about 10000 more than the entire mileage
Of national roads In France.
Pennsylvania Greatness.
Professional traders who have depressco
tho price of Pennsylvania Railroad stock
recently ignore the magnitude of that
railroad. In an article published in The
London Statist" on March 10 some COM
narisons are made which are both inter
esting and Impressive. The Pennsylvania
Railroad has an annual ton mileage oil
a .eNo 600 900 tons, or more than three times
as much as the total OF all the railroads
in the United Kingdom, although the
Pennsylvania has only one-half the mile
are Of the English roads. The gross ton
mage OF the Pennsylvania annually is 49,
90 coo tons. as compared with o5oV"""
TONS for the British Isles, but its aver
age haul is eighty-seven miles, "nile
theirs is only twenty-five miles. The az
crorate of traffic miles on the Pennsyi-
vanis. including all the service. is 4e"o' .
O0ooa compared with 27,oco,ooooeo for the
roads OF the United Kingdom Railroad
business on the Pennsylvania doubles
ovsr,, ton years. while in the United King
dom Il doubles every thirty-three years
The Pennsylvania is always ahead OF us
requirements. something that can be salo