New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-08
RIFF NOTES OF FINANCE
,,,,oraphs Of Current Interest
'"'' for the Investor.

for the lIlVeSlOI.
york bankers have not been IN
N' secretary McAdoo's new order
''''''0 larger distribution Of funds
'l''"' .-e somewhat interested in the
u ~ lament OF per cent interest
~. :. .,rernmeut deposits. active or in
o = p,.sd OIL statistics given to the
~" c.nmittee on Expenditures in the
S'''' n.oartment. the authorized bal
'SS' -. nablic fund held by each resu-
'''v -. ,atioaal hank depositary at the
. seu. ~ the fiscal year 1913 in THIS
'.gn ,SoS. that ten New York City ma
sr s, s,ss are authorized to carry gov
-s'sl D'' s.nosits as regular depositaries
sr'sn' a.9lScoo Based on these
iss' regular deposits Of . per cent
;sH'' ' s paid by these banks would
ti' - about s9sS6) annually.
o.,smism and Optimism.
ver is a time when there IS
iSs I'm contrast between the pessi-
81 .aS the optimistic views in Wall
rAs 49, the affairs of the coun-
'f''' ~ ~ stock market The following
2 ,us taken from this weeks letter
.,s & Hays. members Of the New
i' s,oek Exchange, touches the cheer
"a. !, IN the present outlook;
!" l.. ono dreaded 'buSaboos' fail TO
Vs ENC Possibilities for hurt to stock
=. r,res existed in the Balkan war
~ 49, sessions Of state legislatures.
y. !, those legislatures have adjourned
~ damage has been done TO prop
An occasional bill has passed. which
=. nav not become law after test in
,n, IN spite Of radical talk. legis-
~ ..,,on has been rather beneficial
y ,s,rinental In this state no dam
Kills have gone through. 1t is the
.,orv over again-foolish bills are
1000 hut common sense kills the
--.,m,iority aad courts kill those which
r.,,ls through and are injuStices or
,..,.,,ept Of property rights. Paris
=. more gold. 5. e.. We have more
= han any other nation, very much
=, and we are selling II as merchan-
"a can snare more at this profit.
-. Arguments in the House stir up
liar demonstrations Of evil, but
-rbo5v recognizes that the bill will be
=. in the Senate. A currency reform
,srre will probably be introduced i'm
/ !. House as soon as the tariff bill goes
ne Senate, True currency reform
A do more for this country than any
sx one thing.
Canadian Pacific Plans.
\. Canadian Pacific Railroad has
,,-,d 10 expend about 100000 in the
,,rses Of British Columbia during 1919
nav lines track improvements, ter
al facilities. etc. one OF the depart
!. from former methods will be tho
srtutlon Of oil instead Of coal on all
,suc;lves between Vancouver and
VI. Bend. b. c. over $4,000 will be
e. 2 no barges and tugs on the Kootenay
NV and Okanagan lakes. including a
ssx-sar steel transfer barge. especially
k-sd for fee breaking and two eight
' q zssl barges, a steel tug and a large
b passenger steamer The Canadian
i& has also received tenders for
eng a iye-mile double track tunnel at
4 Z xnmit Of the Selkirks, which will
We three TO five years to build and
t1si about $4,000
Steel and Iron Trade.
n Iron Trade Review" to-day says:
IL fundamental soundness Of condi-
.zs h spite Of recent recession in new
'z,Es is indicated by statement of
= United States Steel Corporation Off
u that not a single suspension or can
zaton Of contracts Tor finished mate
Is has been received. and that buyers
e Is insistent as ever in urging de!iv-
RS officials Of independent companies
lis similar statements. The American
ZEE end Wire Company I'm April shipped
hayiest tonnage in its history. New
z,sss, while OF fair volume in some
= has sharply decreased and fans far
Pr d shipments The Steel Corpora
rs oE Of untitled orders in April will
iso1t 5000 tons. Bridge lettings by
''0sds during the last week are au-
aaYely stated 10 be 2o.0oo tons One
nosS calls for 500 tons FOR viaduct
soAsne for the Union Pacific, which
y 70 the American Bridge Company.
ro'ner for 1880 tons for the Big -Four
-1~d 10 replace food damage. The
"a Fs has placed an order for 1900
30 rails with the Illinois Steel Com
~ A Cuban railroad inquiry is for A..
US Of rails. The pig iron market is
''7hn"
WY" PRODUCTION IN VIZ.
.s'7o't Of the United States Geologi-
s1'T Of the Department Of the In
n0Ss that the total production or
Hahed copper in 1912 was LOS. lO4,47S
- ms Is the largest output i'm the
' " the copper industry and exceed
output OF 1911 by l3i. 90. 452 pounds.
wa production Of primary and sec
copper by the regular refining
isR was 1881. lS6.7sl pounds. az
sa With Las, III 1913 pounds in 1911
un TO the secondary material
=" Inc regular refining companies
Mlu that treat secondary material
produced a total Of 2l5.0O0OOJ
copper as copper and In brass
-. aa alloys Of copper. making a total
'~ OF z4Oeoc00 pounds from sec
~ "aiees OF this total at least 70
"'nos was produced By remeltlng
Ssp resulting from the manu-
49, copper and brass articles. This
e"e total az fhe United states