New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-23
}P[f NOTES OF FINANCE
,...crauhS of Current Interest
'''' for the investor.

p.oods will meet with consider
1h' ositon in their combined attempt
De Opp0 The sanction Of the Interstate
0O'a 'rca Commission TO make . per
'oaihs'se IN freight rates. One group
.sni Su'~ will test the validity of the
'nlp', assigned by the railroads. and
ssso.s IN opposing an advance will
soD' - the procedure adopted by the
1sg'' a,,ornevs In view Of the elab-
''Ii0- ",sparatons made by the shippers
eiN !. sheeptons taken to the claims
10 w va nv the railroads the outlook
s'''''', agal battle that will absorb much
io' : peep both the railroads and the
me ., ING public in a period of suspense
r's'"Iv, no tiresome and probably un-
ai:isctOry.
n;vidsnd Increase Unlikely.
westinghouse Electric and Manu-
lN companys annual report was
'''.'.ssinelv favorable one. and shows
% a.. ooual to about twice dividend
iH.Hs ,arts This is particularly inter-
% stockholders, as irrespective of
sun the company enlarges its distri-
'h'u - dividends or not, the fact re
'-H'N hot me present rate is better pro-
,ben when earnings are smaller
- - Il will be very pleasant news TO
S,.,dsrs 10 learn that the directors
a'' ,..lsad 10 increase the dividend rate,
-, information obtainable indicates
~ ,h.rs is little prospect for an in
r,.ss this year.
Rock Islands Position.
=. the questions asked I'm the Street
dsvs is What is the matter with
~ island" Frequently the answer is
~, y. ,se outlook for this road is discour-
. ,cnecially ia the line OF financing
10 the close money situation and
-. .srrafons Thompson, Towle g. Co.
-, On interview with one directly in
-.s,s8 in Rock Island. of which the
living is az abstract:
-our S5,o0o.oC0 that would ordinarily
s.sn paid out I'm dividends on Rock
,.,.s rrsferred has gone back into the
....-v and there is no road In the
.,,,rv which benefits from good crops
greater degree than Rock Island
| =, ersatest financial brains in New YORK
], ,round its directors table. and these
:. :, absolute control OF the property
.,,rrb absolute ownership of a ma
NV Of the preferred voting shares con
,,s the process of upbuilding, involving
!, sxpenditure Of millions, and they
.,r To nav no attention to declining
,vk market values
While Rock Island officials may not
sr any attention to the stock market
4. sock market is less inattentive ana
mylng attention to Rock Island.
Showing Improvement.
n. conservative policy pursued by the
;,,s Of England is meeting its reward
me weekly improvement exhibited IN
!. hanks return. This week the proper
=, n reserve 10 liabilities is $3.50 per
.-t which compares very favoraoly not
,r with the 81 % per cent of last week.
u the ten-year average for the cor
..sno,ding week Of 1887 per cent. 1T is
lent that the bank still believes 1t the
yr Of wisdom to operate on the very
q, side. as the bank rate continues 10
,-sln al higher figure than for many
ayst this season. Including 1907. after
!, crisis in March Of that year. ana In
following the san Francisco earth
axe the rate was only per cent. the
,,,sy strain is still felt abroad. and the
lands or the Bank Of England now
.. The probable requirements for some
~ 10 come make it improbable that
4. rate will be lowered in the near