New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-01
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

W. WV
r.ho ono absorbing topic of news in the
.,root Yesterday was the death of j.
p,ornont Morgan. Even during his life
- any event which brought conspicu
sly to the public notice Mr.. Morgan
.sn,c commanded special attention in
..o world of finance. and i'm his hour %
9TH though he had previously passed
..e .ctiye stage of affairs. his passing
,,.,v ovcrshadowed all other events OF
.,rrent interest. lie was the greatest
a,,ncicr in this country and possibly of
the world.
Railroads Of Texas.
,c,orlin- TO the report of the Texas
r,ilroad Commission. during 1912 the
threads of Texas handled f6.693. SSf
ms of freight. for which they received
t,tso0.0o i'm freight charges. Nine
.,nuoditics constituted about GO per
cont of the total tonnage. as follows:
Timber. 7.7aS.o0O tons; coal and coke.
eqlt7S9 tons: grain. 2.3ff.96 tons: veg
stables. ".593.1 65 tons; crude petroleum.
tSo71S9 tons: cotton, 2.G52.2fo tons;
stone sand. brick. etc. i.9fi,90S tons.
and livestock, .SO7.1S9 tons Although
Texas is not generally reckoned as .
manufacturing state. the products of the
factory took tho lead in the amount of
shipments. as follows: Factory. 15i15,-
ooo tons: farm products. IL. 633. 900 tons.
snd mine output, II $4,000 tons. Tic
railroads consumed about 10000. 200. 600
rounds Of coal and practically an equal
-. 10 oil 1,,ri,,e.
March Copper Figures.
The showing made in March statistics
Of copper production will probably show
, reduction close to 90. 600, 600 pounds in
surplus copper stocks. according to csti
mates I'm some quarters. These figures
arc based on exports running around
$4,000 600 pounds and possible domesti,
deliveries Of $1,000, 900 pounds. or a
total of 145,OO0,OOO pounds. Figuring
that refinery production shall be 1875
10000 pounds. the difference will he
10000. 600 pounds. These figures. of
course. are hypothetical. but if there IS
not shown a material reduction in the
report Of the Copper Producers Associa-
ton Wall Street will he considerably
disappointed
Importance Of Reading.
No one stock traded in on the New
York Stock Exchange commands a great
or degree Of attention than Reading, and
there is much speculation regarding the
future dividends Of this road. There arc
three classes Of stock on which dividenJs
are paid. which require a balance afte"
charges of sS400000. A dividend bal
snce for the first eight months of the
fiscal year totalled s12.425.74S At this
rate Reading should show balance at
tho end Of the year for common divi-
ends in excess of s15 share for STOCK
outstanding Whether the stockholders
will get any of this amount in excess OF
requirements is. question, but the
thought Of IL probably has inspired some
buyinC which has been in evidence re-
Gently Reading. however. is very nim-
he and can slide up and down the scale
with as much. # not moro. deXteri'y
than most any other stock on the list.
Political Finsnciers.
The Goldberg hill introduced at Albany
is being subjected 70 a vast amount Of
criticism. THE Financial World IN
commenting on the situation, has the
following
Intelligent investors are not insisting
upon the appointment Of politicians to
act as their advisers They only ask 4
law making il mandatory on corpora
lions and investment bankers TO tell the
truth. They are capable Of deciding
themselves after that what is best for
them 10 do
Here in the countrys financial centre
i'm fact. the nations money heart-it is
about time the lawmaking power re-
turned TO reason"
April investments.
The estimated dividends and interest
PAYMENTS which will be distributed for
the April account will reach around the
5000 900, 900 mark, and this sum under
ordinary circumstances will find its way
back into tho investment market The
bond market is filed with attractive is
sues offering large yields. compared with
former years. and there are numerous
new offerings which should appeal u
the conservative investor. Railroad
bonds. industrial bonds and public utility
bonds offering practical safety and IN
come Yields from AZ per cent 10 per
cent are being featured by leading in
yestment houses at the present time,
The feeling among these houses is that
TIE bond market has reached point
when tho bargains are SO numerous that
period Of activity is not only due but