New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-20
l1|[F NOTES OF FINANCE
o,raoraphs Of Current Interest
row. for the investor.

60 the bureau of statistics of
Ae'0lu 'r,ean Iron and steel Institute
ihs AH' s...tion OF Bessemer steel ingots
d. pO pings in 1912 totalled 1o.S27sOl tons
sd CO. O. with 7.9lLSj4 tons in 1911. an in
c'rp'' ~ . ssOOl7 tons-a little over % per
rtass =. tbe production in 1912 was 1884,
srt-O' ,.ss than in 1896, when production
iS S.5 1gg75So tons. The total produc-
''''p !; open-hearth steel ingots and di-
oon u Tvs in 1912 was 20,7s0,72S tons. as
ret cas- .d with l5.59S,65O tons in 1911, or
N'l as Use Of 5.lS2.O73 tons. 1t was not
o nv. ,a,s that the production of open
.Ha. steel exceeded the productin OF
hea'N s,eel. when the excess amount
1884 tons Last year the open
d s,ssl output exceeded the Besse-
F. "a ABDUCTION by 1oi52,S22 tons.
o,ospsct for Copper Dividends.
carly closing months Of 1912 pre-
IT, sentiment among copper men
'aAIs % he that there was a prospect
S'HI '-...osad dividends by some COM
~ - oring 70 the frmness in the cop
i4'''s -, market and the apparent out
a larger volume Of buying abroad
~. the settlement of the Balkan trou-
~ pr, for the last six months the cop
KS lie, has been unsettled, and from
~ rs, cents a pound the price Of
',hss broken below 10 cents. on this
-. .hs outlook for an increase in divi-
,..S, does not seem particularly bright
r,,.sdsv Of next week the directors
- Anaconda Company will meet 10
- dividend declarations. and while
..suction seems 10 he probable an
..-..se in the rate is not looked for by
s,,ybolders. Naturally, if the metal
~.-gs, should develop remarkable i'm
..,rsnsnt and the price should rise to
...r,d Y cents again and remain there
=, any considerable period. some in
...,.ss In dividends among copper com
,,ules may be expected.
Some Attractive Yields.
,pnher OF offerings among short
..,- notes give a survey Of the prices
:, which railroads must sell their short
~. matsritles in order TO secure money
,- current needs. The new Southern
p,.lae one.vear 3 per cent notes will be
,ss,s5 at A price 10 yield 6 per cent;
p,lbr,ore & Ohio per cent notes are
sling at an income yield Of $50 per
v,t New Haven 5 per cent notes have
n income yield Of SIS per cent: New
York Central AZ per cent notes yield 5.S5
,sr cent Missouri. Kansas & Texas .
~ cent notes yield SIS per cent; Brook
m Rapid Transit 3 per cent notes yield
g per cent Many preferred stocks in
he Industrial list yield from : TO S per
.snt and the market is fun Of high class
speculative offerings at attractive prices.
State Of Coal Market.
Reports Of the coal trade show an in
rsssing demand, especially in the East.
The Coal Trade Journal Of this week
has the following:
Activity at the anthracite mines is
-nsbated. and the position Of the pro-
llcing interests as regards untitled orders
assures a continuance Of heavy output
igring the remainder OF this month. at
EAST OF course, it cannot be asserted
nat restriction will not have TO be prac-
lsed at some time during the summer by
sitsln Of the companies and individual
.psratOrs, but they are all running their
mines at top speed now, and most Of
them are considerably behind on ship
nents. II conditions OF April and May
are repeated in June buying will in
1sase In volume during the last ten days
d the present month, so that a substan-
-al amount OF business will be carried
over into July.
1t begins 10 look as though the dull
leriod, II II comes al all. will be very
eref; only breathing spell sufficient TO
alew the companies 10 get a little ton
lags IN stock with which 10 meet the
heavy demand that IS sure TO devlop in
he fall"