New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-30
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

Notwithstanding the yelled threats of
a.. continental powers and the speech Of
ca. Edward Grey In the House of Com
Ems as 10 the attitude of Great Britain.
rrykev IS as Emphatic as ever and the
,.nnression abroad seems to he that the
adrianople question has ceased TO be n
a,.turbing factor. and that Bulgaria, re-
Liking the situation, is content to follow
course of settlement by direct negotia-
,ions between herself and Turkey 1t will
r.orire considerable enthusiasm for for
.irn correspondents 10 dig up another
var scare in the Balkans.
Cotton Warehouse Bonds.
The City Of New Orleans has made the
hrst move toward the building up of a
grsat cotton warehouse, with 100000
hales capacity, as the initial part of the
nlan of construction. To that end
,2no0p0O bond issue has been authorized
nv an ordinance. in which was inserted a
naragraph reserving TO the Dock Board
the power TO issue additional bonds, &C
ouire additional lands and construct and
onerate additional warehouses. The bonds
will bear per cent. are to be issued Jan
l.
time between 1854 and 1854. They con-
s,tute first mortgage on the ground
occupied by and the buildings of the
warehouses. and the net revenues of the
warehouses are pledged toward their pay
rent The original plan was 10 make
bond issue Of 100000. but the finance
committee deemed II advisable TO reduce
the Issue at this time TO $4,000 and
make another issue later, il II be found
necessary.
Chinese Pig iron.
Regarding the suggestion that placing
mig iron on the free list would bring
rush OF imports from China. The Engi-
neering and Mining Journal says that
the prospect OF any real competition
seems very remote. The largest iron
works in China are those at Hanyang.
and this plant would rank as very
small one, compared with those in the
United States The Pacific Coast made
an attempt 10 import Chinese pig iron
regularly under contract, but the expert
ment was a dismal failure. SO far ex-
ports of iron from China have counted for
little. They reached their highest figure
in 1911 with $3.50 tons, while in 1912 the
figures fell 10 less than 5000 tons. During
both years little If any of the exported
iron got further than Japan. and even
had Il all come 10 the United States IL
would have been less than per cent OF
our consumption. In time China may be
reckoned with as an industrial compeu-
tor. but Il will be beyond the period OF
the present generation, and is too far in
the future TO be considered at this time.
The Dove Of Peace.
The dove Of peace seems 10 be flying
over the world. and warlike conditions
are gradually giving way 10 an attitude
of Cancellation and reasonable solution Of
the problems which have been responsible
for the belligerency existing in some
countries The Balkans are settling down
10 ouieter times. a solution Of the Mexi-
can nuddle seems near at hand and now
comes tho news that President Juan
Gomez Of Venezuela has declared off1cial-
" that the Castro revolution is at an end
and that he can guarantee that his coun-
try will be al peace within six months.
All that seems necessary now IL for the
bird 70 fy over Albany, then take a trip
down 10 Washington. and by that time
the stock market will be working over
time and Wall Street will have regained
It's popularity in the minds OF the public
and a revival Of some Of the good old
days may be again witnessed. when
everybody will be busy. hard times viii
be stranger and all will be wearing the
smile that won't come off.