New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-09

a. an inspiration to cotton growing.
FARMERS. particularly the younger ele-
mont are encouraged to compete. The
,rizes will be awarded according to yield.
cost of production and value of crop.
National Bank Returns.
PAYMENTS through the banks. as reflect
II bv bank exchanges, reported to Il. G.
MN 4 CO.. continued in extremely large
,olurne. the total last week at all leading
.itics I'm the United States aSgregating
. qSI $50 q gain of 90 rer cent as COM
,or.d with the same week last year and
f2>8 per cent compared with the CORE
suondiYc week in 1911 New Nal; City
reports Increases of c. and 900 ~ cent,
,,spectfvcly over the two preceding
wears. which is mainly due TO the activity
in ordinary commercial and industrial
lines of business. as the volume Of trans
actions in the speculative markets. which
exert considerable Influence ON bank
,leariues has not been large. The eX-
bibit by outside cities is also very favora-
BILE. the total showing a gain 81 81 per
cent over last year and 23.S per cent over
Two years ago. At New Orleans there
appears q sharp contraction and nj St.
Louis a small loss. as compared with 1912,
but aside from this the comparison is
eminenty satisfactory. every city report
ing larger returns than in either year,
with the gains in man. instances very
pronounced. Among these are baltimore.
with increases of 23.7 and 80 per cent,
PHtsbu~gh. 195 and SIS; Cleveland 80
ana s2.-. Chicago. IA and "a; MINNEAPOLIS,
~ and slS and San Francisco. 25.S and 81.
Remarkable Development.
The rapid development OF Western
towns is not appreciated i'm the settled
a.ast. either i'm the growth i'm population
ar improvements. IA instance of re-
markable increase i'm population. public
utility and other Institutions is given by
~ NJ Bylesby x 60. d ,heir weekly lot
ter as follows:
Zip. 1900 Richmond. cal. did not exist
In 1871 the population was 100. during the
wear the Santa Re Railroad Company
baviua started construction Of shops,
roundhouses and freight yards. Later the
standard oil Company located its great
refinery. starting with an investment OF
100000 I'm 1895. when the population
was 1000 the California Wine Associa-
lion spent 100000 on a plant which is
he larcest winery I'm he world. Railroad
construction and the entrance of new
factories increased tn" population TO ""1
in 1871 During the next three years
many industries located in Richmond, in
cludiug the Western Pipe ana Steel
Works. the Pacific Porcelain Ware Com
pary. the California Furniture Factory
The Berkeley Steel Works aud the Los
Angeles Pressed Brick Company. and in
1910 the population was 10000 During that
year the Pullman Palace Car COMPANY
established its Western shops at Rich
mond. Other factories employing hun
dreds of men. have established plants in
Richmond. and to-day the city has Il
population of 1850. wiki a splendidiT
equipped gas and electric plant, under the
control of the Western States Gas and
Electric Company
Attractive at Current Levels.
From summary Of conditions as viewed
b5 Wagner DickcrsOn 4 Co the follow
ing is quoted
"The stock market has developed con-
siderable strength after its recent sharp
decline TO abnormally low levels, but has
been neld i'm check by the unsatisfactory
monetary conditions abroad. The slow
adjustment Of the Balkan troubles has IN
creased the strain in England and on the
Continent. Conjectures as TO what VIII
materialize from the new administration
al Washington have delayed buyin. by in
yestors although Il very great amount pi
capital is awaiting the outcome ana must
sooner OF later be released 10 the beneht
Of the security markets. II Is evident
that much remains to j. done before all
ouf industrial corporations, with full
iRowlodge Of limitations and privileges
nav proceed easily and with confidence
to expand their operations. ana higher
railway rates should undoubtedly be per-
mtted But IL is constantly to be Kept
In mind that the time to buy securities, as
any other line Of investment IS when
prices are low and the necessities or sent-
mental attitude Of others afford faV0rable
opportunities Many standard stocks are
highly attractive at current levels. both
rom the speculative and investment point
,f' view. and We continue to recommend
N-LLttl nli cNdStS OIl al ian 49, -'N''"
= Advises Caution.
in his weekly stock market review
Henry Clews says:
'"As stated a week ago. the market was
entitled TO a fair rally. which il has since
had / now advise caution on the buying
side owing 10 the present strained money
situation in Germany. which is likely to
be felt here more seriously as we APP
proach nearer to our annual settlement
period April I. The trade and credit
situations i'm this country are sound. The
political situation is more hopeful and we
shall haye at least one months respite
from political shocks. or until Congress
reassembles for q special session The
crop situation is also favorable, as far as
developed this season. on the other hand,
the policy of the new administration tow
ord big corporations is still matter oil
Uncertainty: so. too, is the dissolution Of
the Union Southern Pacific system. which
struck a snag in California, and will be
obliged to pass the critical approval OF
the new administration"
BOND DOTS.