New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-20

Wall street mas slohS CohsbItuuOn,
.".ruise II would have succumbed to
o' NJ the various attacks it has ex-
-,onced during the last several months.
,oa, of them include such ailments as
ns.toi,Is Untermyerisis. Sulzeremc and
i-,Ssorosis. While the Street has not
.,.alv recovered from the illness caused
.hsee functional diseases. it has shown
sod improvement and is nearing the
.oryalescent stage.
Heavy Reserves in Banks.
4. IMPRESSIVE argument in favor Of
rs keeping heavy reserves is given in
cose of the Montreal City and Dis
~, savings Bank, which has recovered
- 81 per cent of its money and of its
,.nositors which the bank lost through a
Int rush made upon II, owing to the
,,ot that the bank was strong enough TO
"-,bstand the rush. This bank carried a
r.,v heavy reserve. and in two days paid
-, & 10000 over the counter to deposit
=. statement made by the president
laws that within another month the
sank will be carrying more business in
me way OF deposits than It did before
,ns raid and will have fully recovered
any other losses sustained.
A Sensible Wow.
The following from The London Stat
,s," shows the high appreciation in which
,sis country and its securities are held In
Europe
III is noteworthy that European invest
o-s able 10 measure the influence of lower
s,t;ss from the experience OF this country
should at the moment when American
,rvestors are inclined TO sell, he disposed
70 increase their holdings. No one &C
ouainted with the natural wealth OF the
I.n,tad States and with the energy and
ability of the American people can doubt
that. whether the tariff is high or low,
,bs country will continue TO make inn
msnse progress and that the railway and
o,ber undertakings will largely increase
their earnings and profit from period TO
nsriod Having regard to the great
strength Of most of the American rail-
way companies and the large margins OF
proft behind their dividends their securi-
,ies-bonds and stocks-at current prices
are in our Judgment, highly attractive
Tariff and Cotton Year.
In "The Textile Manufacturers Jour
nal" of April 10 the following regarding
the cotton yarn market is published:
The unsatisfactory tariff situation has
caused practically all cotton yarn buyers
n adhere more closely to hand-to-mouth
policy Of purchasing. In a few instances
attempts to cancel contracts on fine count
and mercerized yarn are reported. Such
action is important only as il is an indi-
cation Of the unsettledness that is likely to
develop later on. provided it is seen that
the new tariff bill is certain Of becoming
a law. Fortunately for spinners the trade
has not given up hope of seeing the bill
materially modified before it gets through
the Senate. The hand-to-mouth demand
for medium and coarse yarns continues
large enough 10 absorb most Of the sur
plus production that becomes available
each week, and prices have held fairly
steady"
Realty Holdings Of American Sugar.
In the news bulletin of Thompson, Towle
& Co. appears the following
The American Sugar Refining Company
owns 90 1000 acres of timber lands in Mis-
souri, and 20. 600 acres in Arkansas. about
$4,000 acres in the Adirondacks and 5000
acres in Pennsylvania, in addition to
which II has stumpage rights in the Adj
rondacks on $4,000 acres and in Pennsyl-
vania on $4,000 acres.
IN Missouri and Arkansas its ianos
are so fertile that after the timber is cut
the land is used for cotton and corn, yet
this land is carried on the books OIL the
company for but 81 an acre.
The timber from It's various LUMBER
reserves is used in the manufacture OF
barrels and slaves, and 1t not. only fur-
nishes the timber for It's own use but does
large business, both domestic and for
EXPORT. IN the manufacture of flour ana
oil barrels. II owns five large barrel rae
tries and seven large stave mills.
we have heard II stated that the Amer
can Sugar Refining Company could not
duplicate its timber holdings. amounting
to nearly $4,000 acres, for s2O.oOo'ooo'
yet IN figuring an asset value OF 1886 per
share for American Sugar Refining COM
pany stock the above timber lands are
carried on the company's books for less