New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-21
|FEl[f NOTES OF FINANCE
,,,,araphs Of Current Interest
"'' for the Investor.

80 years the Chicago Board of
FW a'"" restricted dealings IN puts and
ia Z. hut during all this time there mas
Ss element among the board men,
,s'h 81 usicb has contended for trading
|S''hp ~ this sort. Now the Board
Jnufs- d,rectors arc reported TO have
q IL. accepted an addition TO the
s'i'l1.gidine for trading in bids and
H. -, deferred acceptance. The trades
o'Ss !" handled through the Board of
T. .i.srjng house. the same as pres
J 7iiSs ,r,ties. No change will be made
d lh" .n,e governing the latter, so that
ny rbo prefer to trade in them instead
u.s. w." o,bsr privileges may do so. but
u nav only be carried or in the
's'I s, room after the close. This new
r'AD e the result Of the action OF
;' ,S,,ois legislature legalizing privi-
' IN June 80 the amendment Will be
I'd on by the Board Of Trade members
sw Ordinance To Be introduced
n. Detroit United Railways COMPANY
!% ~. vsry much in the public eye next
" the Mayor of the city OF Detroit
p" .'s,,it 10 the City Council an ordi-
" :. outlining a plan for the settlement
~. franchise difficulties which the
= has been up against for some time.
.na introduction Of the ordinance
- .,rnoss is TO hold public discussions
:. rroyisions. in which the officials OF
- -,1road will be invited TO participate.
not the intention 10 submit the new
ne 10 the voters for approval, the
-, being given 10 the Mayor ana
Ill IN enter into a binding contract
=, the street railway company. In Ell
I. the ordinance will give 70 the De-
!, United an indeterminate grant or
4 .-,.sA 10 operate on the streets Of the
- vill provide for a straight three-cent
=, universal transfers. adequate extern
=. 10 provide facilities Tor the growth
ne city. the payment 10 the city by
, /. company Of s52S976 in rentals anu
i =. taxes. paving between the tracks on
,,,asts used and the revocation OF all
-.s,r franchises. allowing the city the
.-ylsgs Of purchasing the property at a
"a 10 be approved by the voters. II is
IA that the Mayor is determined in the
art the company refuses 10 accept the
.-s 10 demand the removal Of the
-,,.s from Fort street. which If not done
he company the city will proceed 20
4 Much opposition is reported to the
1 rms Of the proposed ordinance by the
irocates Of municipal ownership in De
-t
ADDS to New Ravens Revenue.
he New Haven road Will be benefited |
tie annual dividend Of per cent de-
i red by the New York. Ontario d West |
r. 10 the extent Of S5S3.ooo annually. The |
,v York. Ontario & Western was or |
I 1sIed under the laws Of New York on |
lnaary p. 1880. The main line runs from 1
srnwall TO OSwego. y. " and ii has !
syusl branch lines, also trackase rights |
yr the Vest Shore Railroad from Wee |
! aVken. y. j.. 70 Cornwall y. y. The /
4 sl main line trackage owned is 3lS.U |
Lies; the trsckage rights consist OF 53.+6 /
] Lies, the leased lines 1885 miles, and |
r. total mileage. including second track |
ID sdngs. is 1o1S5 miles. The CAPT |
11ization per mile. based on common
|fock preferred stock and bonded debt, !
vailed IN 1912 &7oll6 The road has not |
zd dividend since August Il. 1911. but
e declaration Of Thursday was not an
Ipected
American Trade in Germany.
American goods are popular with the
trmsns. and the German merchant. as
vel as the consumer. has a high opinion !
! goods manufactured in this country
.'s's is said 10 be an excellent market |
siGony for American exporters after |
'wrious lines Of goods have been prop
~ introduced. There are no direct i'm
,-is from the United States into that /
Sulet and the dealers are supplied from
amelrg. Bremen and Berlin. But infOr-
2lon from American consular sources F,
70 The point that all that is necessary I,
% have all printed matter and cata- |
CUES In German and distributed from |
anourg or Bremen. although the bust /
I" would be done directly with the |
aerlcan manufacture or shipper. There ]
ready market in SaXonv for all /
4loaro American articles. such as sew
machines, petroleum typewriters. Of /
supplies. carpet sWeeDers. canned |
ASs breakfast cereals. shoes. fruits. |
= Aperican motor cars should md a
~'pu'e market, as the roads there are |
excellent condition during the entire |
-, ana there is sufficient wealth 20 |
Wv liberal purchasing ~ hnfh nlcas-