New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-02
BRIEF NOTES Of FINANCE
Paragraphs of Current Interest
for the Investor.

riot the new buffalo nickels were dis
ributed from the Sub-Treasury. and the
.upidity Of number of small boys n
he district prompted them 10 lay in
a,pply of the shiny nickcls. which they
,old to willing purchasers al cents
,niecc. thereby showing their budding
qualifications to become Wall Street mas
,ates. Regarding the appearance OF
he buffalo's head on the coin. Wal
Street wac remarked that the government
mould have put a bulls head on one silc
and n bears head on the other. so long
as they were going TO he distributed from
he Sub-TreasGry in Wall street.
New Adding Machine Company.
The White Adding Machine Company
one Of the new organizations recently
Incorporated under the laws of Connect
ut with a capital stock of $1,000. The
.0mpany has no bonded debt o. preferred
stock The officers and directors of the
'oncern arc among the most successful
business men in their respective com
nuntieS. and are closely connected with
number of the largest manufacturing
and financial institutions of their respec-
i've states. About So, 800 Of the N.oo0,0D
Mil bc offered for public subscription. he
greater portion. it is said. having been
,couired Icy the officers and directors of
he company. Kollin : Woodruff. eX-
Governor OF Connecticut is president:
'harleS NJ. Jarvis. director of the
phpniN Life Insurance Company. il vice
resident; Newton III. White. Vice-prcsi-
lent o. the Union Bank and Trust Com
oany. Of Pulaski, Tenn. is second vice
president. and Roger +. Tyler. director
Y the New Haven County National Bank.
treasurer
An Optimistic View.
Hartman & 60. are optimistic. a. j.
shown by the following paragraph from
heir weekly letter:
Earnings of corporations are at record
nigh figures. both FOR railroads and in
iIstrials. and with the promise OF good
'rops they will continue high. The erea
Mills Of the country already have oTdeis
"a their books 10 keep them busy for
1ew business at all As the general pup
ic RECEIVERS from it, nervousness over
ne Democratic administration. ana as II
7egins 10 realize that the crops VIII be
coed pew orders will make their appear
,ncc The fact that new orders have
rot appeared IN great volume since the
ordinary. since there never are any grea
,rdcrs i'm January or February.
A Common Sense View.
Considering all the factors affecting the
stock market at present Wagner. Dick
.rson & co. present the following in their
weekly letter:
Practically all our industries are en-
owing great prosperity. In steel the rail
Dads are liberal buyers. and implement
makers arc contracting for supplies for
he first half Of 1914. Copper metal has
'ound level a which purchases arc eX-
cnsvc and with the ending Of the Bal
ian troubles. demand for the metal VIII
Increase very materially. The manner IN
which Europe has met the strain OF inter
rational complications and In which our
,vn general business has faced an OK
raordinarv set Of unfavorable factors
shows underlying strength which ausurS
vel for the future While there is un-
ioubted unessineSS over our pending
arif changes. American industry refuses
% nc stampedad. The wealth IS here. the
SPIRIT Of enterprise is only awaiting clear
% M.ht to forge ahead 20 new heights
If achievement. and II the executive de-
1artment Of the government controlled by
single individual IL administered wisely
sc may speedily return TO the optimistic
attitude removed by election results last
autumn. Assuming that present divi-
sends are 10 be maintained. the average
orice level ~ much too low. and before
,ong there must be radical upward re-
adjustment. which should mean unusual
,roits for those who now enter the mar
set"
Financial Conditions Sound.
In a review Of the present financial stu
alton and the new administration by
Charles =. Bond Of Turner, Tucker q
Co. Of Boston. the following extract is
aiken:
The current month is made memorable
~ the Inauguration Of Democratic ma
tiona administration. Conditions at
present are radically different from and
ieoidedly more favorable than those rul-
nr when the last Democratic administra-
ion assumed the direction Of national ar