New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-07
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

IS Of the country indicates that there
pa been little accumulation OF sugar 10
asrs for the demand which Will occur
-. month and next, when the preserving
Ia canning season will be In full oper-
ion There is a prospect OF a heavy
-, of domestic beet sugar and If this
NOS I'm early, as suggested by the pres
=. oltIook. the tendency 10 increase In
-, rrice will probably be checked. How
~ the beet sugar people may hold their
o.oduction off the market with a view 10
curing higher prices. and in that case
,,ere will be a general advance all
sro1nd While the cane growers of Louis
,o,a and the beet sugar interests are dis
.,,rbed over the pending tariff bill, they
I'm 10 have given up hope Of defeating
the free sugar clause.
Patching Up the Bill.
The currency bill is gradually assum-
,rg new form as the result Of nodifica-
,ons that have been made, and there
EMS 10 be a reasonable prospect that
,,ben the bill has been finally reported
A, u.iD be acceptable as a whole 10 the
,.o,kers OF the country. When the bill
.os heen finally reported out II may re-
ssrble grandmother's crazy patch quilt.
~, Il Is comforting TO realize that the
ho,as,ng and currency committee is open
80 suggestions, and that amendments
.acpsd on 20 the original bill will assist
materially in providing measure suit
~. N the economic requirements Of the
,srio6. II can hardly be expected.
when bankers themselves do not agree.
,ho, members Of Congress, who natu-
III are not experts, and II may be as
.,,r,a5 are still in the student age Of
ooonon,ics. will be able TO frame a meas
I'VE which will he panacea for our
sDs,cial Ills. Some time we may hope
Gov an adequate banking and currency
measure growing out Of this agitation
and endesvor.
Iron and Steel Trade.
Tho advance review for the week OF
"Tbe Iron Age" says, in part:
"a sharp falling of in pig iron produc-
,io, in July raises the question how far
n IS an index Of slowing down In con-
sumption Of iron and steel.
at 2.5sO.646 tons, or s2.6oi tons a day
,be July output represents a falling of
~ b0lS tons a day from the total of
lime. which was 2,s2s.5s5 tons for thirty
DAYS Thus the July rate is 100000 tons
q wear less than that Of June. 100000
TINS wear less than that Of May and g.
Zoo 600 tons less than that Of February
when the high point was reached. In
February the country was producing pig
from AZ the rate 100000 tons year.
a faC m =
ing charcoal from thus represents a de-
cline OF about 10 per cent in six months
.The net loss IN the number OF active
furnaces in July was sixteen and on Au-
euest the 266 coke and anthracite fur-
naces in blast were producing al the rate
~ s57 tons a day. against 5000 tons
a dav for 2s2 furnaces on July l. Re-
norts from iron and steel markets are
rather more favorable on the whole. Just
a. the statistics are accenting pig iron
e,r,aiIuent. In the central West ana
Southwest several large transactions III
basic iron are reported, steel foundiles
bs,ng the chief buyers. One southern
maker sold 10000 tons, chiefly 70 ~
Louis Two Pittsburgh steel companies
bought 10000 tons and 5000 tons re-
spectively."
"The Iron Trade Review comments as
follows With pig iron prices hardening
as the result Of continued heavy buying
and yoftening in finished lines due 70
Sham decline in volume Of specifications
and new orders. the iron and steel trade
presents marked reversal from conditions
nreyailing several months ago when PIX
iron declined 10 lower than cost basis
and finished products were eXcepuonsI'H
strong. Fortunately, the favoraoie Ied'
ares Of the situation outweigh the un-
favorable tendencies. and ii Is generaiS
believed that pig iron activity is the iofe,
runner Of a buying movement ir hnisheu
lines. 4 total Of more than loo'ooV IONS
n Mig iron is involved in recent puf-
cbases made By large buyers In all sec
,,o,e ~ the country. Basic leads WIN
nm ooo tons. taken by the carbon S'eei
(.o,,,apv. the Commonwealth steel Coih-
oapv the National Enamelling aho
staining Company. the Scullin Galiaehe,
,ron and steel Company and by steer