New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-08
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the investor.

=. ,,o second edition Of n booklet issued
n w. Halsey 4 Co table Is present
.d showing the trend of railroad nuhICi-
-, ,rd nublc service corporation bonds
TO iQ0s. According to the tgures used'
tbe average market price of six represent
tive high grade railroad bonds durIhs
,ho last six years has shown decline
go, 100 70 GU. six municipal bonds de-
,,tn.d from, 1898, 10 952s. and six repre-
n,,,iye publc service bonds held firm at
4, average price OF 1904, compared with
i0a in 1906.
Intelligent Farming.
striking example of what may be
accomplished i'm crop growing under III
,.,irept cultivation has been given by
south Carolina since 1870. In that year
,be average corn yield per acre was only
ven bushels. while in 1911 the state had
an average yield of 1872 bushels per acre
south Carolina has just completed her
efth national corn exposition.
Will End independents.
The passing Of the largest independent
81, mill. IL is said. will be completed
when the La Belle Iron Company takes
over the NcKeesport Tin Plate Company
which IS now owned by private interests
Of McKeesport and represents an invest
mont OF about So,500.oo0 In 1901 the COM
,o,v was organized as the Mckeesport
Manufacturing Company. with capital
of $4,000. In 1909 the capital was in
creased 10 81. 10000. and the name was
changed TO the McKeesport Tin Plate
Company. It is said that the price which
Will be paid in the present transfer Will
no 100000. In the reorganization OF the
Ia Belle company II is reported that the
Capitalization will be S65,0oo,ooO. and r. r
crawford. now president of the Mckees-
mort Tin Plate Company. will be the pres
dent Of the new organization.
Bought at Low Prices.
Inquiry among various electrical COM
NAMES which purchase copper in various
amounts ranging up TO 10000 pounds
year reveals condition which may De
encouraging or discouraging. according
70 developments Many of these COM
panies, when the price of copper metal
was very low. purchased quantities aheau
which has kept them supplied up 10 the
present time. with some on hand Tor the
near future. These companies believe that
the price Of copper metal viii 20 lower
and when it has reached the point whien
they believe 10 be sufficiently cheap, they
expect 10 purchase sufficient quantities to
carry them for long period. However
should the price of copper metal not de-
cline by the time they are forced to enter
the market again. they will be obliged TO
buy at the prevailing quotations, when
will have a stimulating effect on the cop
per metal market
Handy Reference Book.
The 1915 issue of The Metal Statistics
published by The American Metal Mar
ket and Daily Iron and Steel Report,
has lust made its appearance. AS com
pendium of information regarding produc-
ton and price changes Of all the metals
this little work serves a most useful pur-
pose and as a handy reference book is
very valuable.
Norfolk Southern Railroad.
Harris. Forbes & CO. have purchased
and win shortly offer 10 investors S,cOW"
first and refunding mortgage per cent
bonds of the Norfolk Southern Railroad.
The proceeds Of these bonds will be used
10 complete the acquisition and construc-
ton OF the mileage between Raleigh and
Charlotte, y. C.. with branches, includ-
ing the retirement of S5,45s,cIo notes. The
extension through TO Charlotte is eX-
pected to be completed around July /, and
with this mileage in operation the Nor
folk Southern Railroad will own and OPP
crate a total OF about 9li miles OF road.
This mileage extends from Charlotte. the
largest city in North Carolina, through
Raleigh, the capital Of the state. 10 Nor
folk, Va, on the Atlantic Coast
In addition TO being secured on the en-
tire property of the Norfolk Southern
Railroad, the first and refunding mort
sage bonds are secured by the deposit or
all the securities of the John l.. Roper
Lumber Company. which owns around
FIVE hundred thousand acres OF timber
and agricultural lands, having an esu-
mated value of over 100000.