New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-05
|l|[F NOTES OF FINANCE
,.,.orsuhs of Current Interest
''' for the investor.

..,ther curtailiheh'
Ano"., Is reported from the Pacific
.'f'e'D, - the case Of the Union Sugar
toss' which has suspended dividends
t'ppS .,,c 20 10000 a year as a result OF
rao' al'l depression, low price of sugar.
;''I menace of tariff revision and NJ, heavy
be "'"'.nts for extensions. The COM
,;'''s ~ planted for the 1918 crop 1871
psnF Itch are expected to yield $4,000
'a'S !, bsets. containing over $1,000 tons
sugar
Aiding the Farmers.
uovement has been put on foot in
:" ~ assist the farmers of that state
A's. me Kansas Bankers Association.
s,ol committee has been named by
! %o.nkers' Association to organize the
OK &c IN each county into county asso-
80 N assist farmers in their efforts
- ~; Improvement in scientific farming
'-oo rotation and seed selection. The
80 of the bankers is TO stimulate a
r-.,0nment Of the highest efficiency in
ling BY supplying the funds neces-
tor experimental purposes. so that
= farmers may be free TO so ahead
..out being hampered by a lack Of
ts3s
=, Industry which is important. though
-, the primary form. is a removal of
...Dsr from scrap. in which the junk
s,l.r acts the leading role. Copper wire
$40 by the thousand tons is annually
..h,,ed and the insulation burned Off.
~, Il is remelted. poled and cast again
.,o wire, bars or ingots for redrawing.
.. bases Of electric lamps. brass
- copper turnings and shavings. car
,,sse shells. discarded household goods.
"a nine. brass tinsel, moulding sand from
,-ss foundries and a variety OF other bits
,,s o5ds and ends are treated and turn
~ an impure alloy OF about Sc per cent
.,,sy which goes TO make casting cop
W. one smelter near New York RECEIVERS
,Sog, 100000 pounds OF copper a year
Am this form of junk. and there are
,,-ious other works throughout the coun-
~ resneltng such material.
International Coal Agreement.
would not be surprising II an inter
,aaonal understanding were reached in
-urd to the oversee coal trade which
yabe OF farreaching Importance. A sig
,s,snt fact in connection with such
psbillty is the departure of d. A
Tsouas, the head OF the Cambrian coal
rubns from London for New York on
pp connected with American Colliery
ropsrties The idea is that If the Ameri-
an demand for the bulky raw materials
4 other countries can be increased and
n difficulties of transportation cost and
Il, return cargo handicap can be over
ane a reciprocal understanding may be
g;ered into which will largely facilitate
isrnstonal relations in the coal bust
,sS As the matter stands now the over
"a coal trade Of Western Europe. the
Ysditerranean and South America is
tsfy In the hands Of the coal exporters
Z England The importance OF this bust
'ss may be inferred from the foreign
.tde figures OF 1912. which show that
I,sand exported TO foreign countries
nj shipped for bunkers by steamships
sssged In the foreign trade 100000
ys having a valuation or about So
M3a
Cleveland Ore Shipments.
Ore shipments during the month of May
e.. reported from Cleveland to have eX-
asdsd those Of any previous month in
he history Of ore traffic. Shipment by
u.sr OF Lake Superior ore amounted TO
,A22 tons, and the total movement TO
I.be was S.lj0,539 tons. According 10
formation received from Cleveland the
line shipments will total 100000 tons.
nd these figures are compared with the
kpments during June. July, August and
sgember last year, when the monthly
e4pments averaged about 10000 tons
! has been predicted that during this
Ezson the total will be around J0.Oc0Un
IT'S Notwithstanding the magnitude or
y ore movements the tonnage Is only
sclt equal TO the demand. which at the