New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-07
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

Shaving notes and scalping the market
are acceptable practices in the financial
district. but shaving the fronts off build
ings is being protested. Owners Of prom
inent buildings in the district are "agin"
the movement. which Is said TO be neces-
sary to increase light and air. There is
too much light and too much hot air al
ready turned on Wall Street.
A Pertinent Question.
one paragraph i'm the annual report OF
President Rea OF the Pennsylvania Rail
road, regarding the Erdman act and the
question whether il should not he amend
ed 10 increase the number Of arbtra-
tors and thereby constitute q board of
sufficient size to properly represent both
the public and the parties in the contro-
versy. seems to be the meat In the cocoa
nut:
1T may not be possible to prevent
strikes or lockouts by requiring compul-
sorry arbitration, but IL is wise TO consider
whether an obligation should not be
placed upon the employer and employe
TO advise the authorities Of the questions
nj issue before any lockouts or strikes
can become effective. 80 that 10y due pub
LEGATION and inquiry the government and
the public may be fully informed of the
extent of the controversy and It's causes"
Help British Trade.
The completion of the Panama Canal IS
apparently stirring up interest among
British exporters to the increased posi-
blities of the Latin-American market.
The London Telegraph" says:
Largely with view of developing bust
ness in the countries which will be
brought nearer by the canal. a proposition
IS on foot for the establishment in Lon
don OF South American Bureau OF Com
merce. whose object will be to serve as an
Intermediary between Latin-Americsn
buyers and British traders and generally
20 furnish information as to business
openings. Incidental features of the pro-
gramme are the establishment Of a South
American club in London. which will be
open TO South Americans as well as 10
home members and the issue OF a month
~ publication printed in Spanish, Portu-
guese and English. The general aim Of
the undertaking is to assist in the sue
Ccssful competition Of British goods In a
part or the world where tduc Is certain
to increase with the opening OF the Pan
anna waterway. and where German eX-
porters have shown remarkable activity
and energy"
Living in Hong Kong.
The continued high rate OF exchange
and the great uncertainty az 20 the future
Of silver are having serious effects on the
economic situation IN Hong Kong. more
particularly in connection with the cost
Of living. a careful analysis of the
ordinary household expenses. according
10 consular reports. shows that the cost
Of living is 20 per cent greater than in
Shanghai. and I'm 1915 Il was only 10 per
cent, demonstrating that the conditions
in the colony are abnormal. Practically
all the necessities are still at the same
price as when the exchange was a great
deal lower. Notwithstanding the fact that
the present rate Is distinctly in favor
of the importer. but China is now very
much overloaded with imports: consc-
quently. the natural readjustment Of con
d!tions IS not easy to bring about.