New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-11

! 3, but the bonds may ne pdld LOT III run
on that date. The price is $95j for a $1,000
bond.
The United States Steel Corporation will
not authorize an issue Of bonds this year
TO finance it's new 100000 Canadian
plant /, is said that it may be two years
or more before any new issue will be
made so far as the building of this plant
is concerned.
Kuhn, Loeb & co. are offering 5000, ooo
Illinois Central AZ per cent equipment
trust certificates. maturing in semi-annual
instruments from August l, 1913. TO Feb
ruary !, 1923.
George II. Rhodes has sold Cotton
Exchange membership to w. r.. Clerg for
$4,000. an advance Of $3.50 over the last
! previous sale.
The estimate OF the gain this week in
cash by the New York banks, based on
the reported movements Of currency, Is
about SIS 10000 Banks received S2i,SIlco
from the interior and shippd sos 90, in
GLIDING s.. G6s 900 national bank notes sent
10 Washington for redemption. Receipts
of new gold through the Assay Office were
| S1f20D. and gold exports were 100000
for Paris. There was gain on the Sub
Treasury operations proper OF N66,Co.
The total gain from the interior by new
gold and Sub-Treasury operations
amounted to S2052l,0o0.
| William VI. Barnum has been elected
president of the Pacific Coast Company
succeeding Henry w. Cannon, who has
become chairman OF the board OF di-
rectors.
Boston adyices state that the New
Haven Railroad has completed 100000
plan for the construction. contingent on
Boston electridcation. OF four-track
tunnel between the North and South sta
lions. President Mellen Is said 10 be will
ing to push the financing. conditional on
q lease for at least twenty-five years OF
the Boston & Maine.
I.azard Freres have engaged 100000 gold
FOR shipment to Europe on to-day's steam
or. making total of 100000 engaged on
the present movement TO Paris.
Theodore ~ Vail. president Of the
American Telephone and Telegraph Com
pany. is back at his desk after having
been Ill I'm a hospital for several weeks
He will soon 20 South and later make a
trip TO Europe.
The brokerage Arm OF Williams. Neon
nell & Coleman Will remove from the
thirteenth floor of 40. 90 Wall street to
| al 10
same building.
Subscription books viii be opened by
Lee Higginson q CO., }. p. Morgan q
Co and the Illinois Trust and Savings
Bank at 10 o'clock Monday for the unsold
balance Of 100000 Kansas city Terminal
/ Railway first mortgage ffty-year ! per
cent bonds at 50 and interest. and closed
at 3 o'clock the same day. or these bonds
Sc. 900 go have already been sold in Lon
don and a large part Of the remaining 81
600 900 in this country.
Henry L. Doherty Il Co. have leased the
thirteenth floor OF the building at No. go
Wall street. and will occupy the entire
thirteenth. fourteenth and fifteenth floors
and a part Of the twelfth floor.
r. f. Brooks has been elected president
of the Producers OIL Company to sue
coed Walter Il. Sharp. The new president
was formerly treasurer Of the Texas Com
pany.
IT Is understood that Kuhn. Loeb q Co.
are about to undertake plan for the re-
financing of the maturing obligations or
| the Hudson Companies. on February /
next there are $4,000 6 per cent secured
convertible gold notes maturing.
Exports of copper for the week ended
January were 5.93l tons, n decrease OF
.249 tons. Since January 6,if tons OF the
metal have been exported, decrease OF
1853 tons.
The fortnightly bulletin Of the American
Railway Association for the two weeks
! ended December 81. 1912, states that on
| that date there was net surplus OF ldle
cars on the lines OF the United States ana
Canada OF 17,O5S. This compares with
net shortage of 1882 for the two weeks
ended December II.
Tho Northern Securities Company OF
which James j. Hill is president, issued
its annual report for the year ended Dc
cember 81, 1912. yesterday. There was
shown a total income Of Slls,i3S a de-
crease of sg7.55S. The surplus. after inter-
est. taxes and expenses, was Sso'l2b, winch
| is equal to "a per cent on the S3'sof'oW cap
ital stock, as against 297 per cent the pre-
vious year.
| The Childs Company reports ior inc
wear ended November 30, l9l2' a gross
profit of 1851 .l03. decrease OF S05H.
| dividends amounting to ~o''4"' were
sl22. AIS greater than for the previous year.
which left the years final surplus at
sci .667, as compared with *s@'As2 In 1911.
The balance sheet shows cash on hand
s,45 ei5 with notes and accounts recelv-
able Of s42s.477. Notes and accounts pay
able are 81, O90, 235.
FOREIGN GOVERNMENT AND MU-
NICIPAL BONDS.
FURNISHED by zimmerman q forshay' no
lZnEs