New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-16
BRIEF NOTES Of FINANCE
Ooraoraphs of Current Interest
for the Investor.

,,.oads In Ohio running through the
.,s.rict have been seriously affected
HO 4, is possible that as result of the
aHU - C,hesapeake & Ohio a cut will be
PS e., the dividend rate. or course.
NAV" IN depend on the final summing up
in's evtent of the harm done, but as
ner cent rate established in the
V -. mart Of 1910 mas never been in a
- 10 position a reduction in the rate
N not be surprising
Two Sides to the Question.
,..o,ssarily there is great deal Of
1otion as regards the effect that
- reduction will have on the country
~. case OF sugar. while the Louisiana
interests are deeply concerned and
AZ, the wipng out of the sugar indus
). IN that state. c. a. Spreckels, presi-
: If the Federal Sugar Refining Com
CO. &C. Is equally confident that there will
advantage not only TO the con-
,er but 10 the refiner Of sugar. 1t is
helief that manufacturers who are
- users Of sugar will he enabled to in
50 their output without increasing
Ling capital and in that way reduce
,ha cost of products. Further. in fruit
-orinc sections Of the country canning
"a nreserving factories will spring up.
80 adding 10 an important industry
~siob will utilize quantities Of fruit now
,,roued 10 rot on the ground owing 10
,bs present high cost Of sugar.
Tariff Alarm in New England.
For many months past the First Ma
.,a,ol Bank Of Boston has been very
.n,;ristic regarding the trade conditions
IA outlook in New England. In its last
LATER. dated April IS. the tone Of op-
,roism has changed to alarm, as the fol-
lovins paragraph will show
There is genuine alarm throughout
New England over the provisions of the
,.r,sf bill now before Congress. While II
!, trus that there has been great liquida-
,,o, 4, stocks OF merchandise in anticipa-
40, of the massage of tariff bill. New
England was not and could not be pre-
c,red for So drastic bill as that now
,,rder consideration. The disastrous ef-
,ac,s 10 this section OF earlier bills, IN
,olv;ns = less violent adjustment than
tho nroposed Wilson-U Underwood bill, are
remembered all too wildly. To a large
number of New England industries the
new tariff bill. if passed in its present
shane will mean a shock and period Of
adjustment to new conditions and a final
serious loss"
Foreiqn Money Market.
The better tone in the foreign money
7 fc 81
the following from The London Statist :
AT home the position Of the Bank OF
England is strong. The Continental de-
mand for gold has abated for the time
being. Il is to be recollected. however.
that the ReichsDank desires to increase ITS
gold reserve very largely and therefore
that il will be wise on the part of the
Bank Of England not TO put down its
ra,e too quickly Luckily the bank IS ~
position to retain control over the mar
ket. Consequently. We may hope with
considerable confidence that IT VIII con-
tinue to receive a good deal of the new
gold that arrives from South Africa. TINS
Continental competition is not likely TO
become strong for a month or two, and in
the absence Of that most of the gold VIII
probably 20 into the Bank OF England
though II a more hopeful view springs
I'd regarding international politics it is
almost certain that India will be again
bidder for sovereiens.
Transvaa Gold Output.
The gold output in the Transvaal, which
contributes more than one-third of the
worlds supply. increases each year Ac-
cording to consular reports for the year
1911 the gold produced in the Transvaal
mines reached a total of S11O2S6, Il8.
while in 1912 there was an increase OF
s1s.326.947. the total value for last year
being s1SS,613.665
On the Witwatersrand there were
mined 29.IGS.SO3 tons and mllled 25,fSe-
3sl tons. 1915 per cent being rejected as
waste rock There were at work through
out the year an average of 9.449 stamps
and 262 tube mills The total output was
S.753.5sS ounces, valued at SiSO,soO.O'o'
being at the rate of IS pennyweighis.
valued at 81 10 per ton milled. The total
working profit was s61,e97,95o, or 81 y
per ton milled
The outlying districts had a total pro-
duction valued at s7.s6S.595 and work
ing profit Of s2,05S,145.