New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-05
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.


Amer all. a trip to Jekyl Island by the
,rvestigating party composed of Chairman
PHO samuel Untermyer, secretary and
., official stenographer is not the most
d,sscreeable duty that could be assigned
. these sacrificing public servants, con-
siderine the sudden appearance Of winter
"a the probability that William Rookie
r.uer will be able to show them some at
,ention II seems like taking the noun
tsin 10 Mahomet but We live in a wonder
ful age.
Superfluous Millions.
Following a Scriptural precept that Ito
,h.n that hath shall be given" the dis
tributiou by the Standard Oil Company
M New Jersey. which was announced on
Monday. has poured into the private treas
,-tcs NJ standard Oil millionaires millions
Of dollars which are superfuous. considered
rom the point of view of earthly posses
s,ons they have already acquired The
division of this last juicy melon cutting Of
Ss9,S35.320 among the larger of the stock
holders Is made up as follows: John d.
Rockefeller, s9.9O7.6S0; the estate OF
Charles Pratt. S2.112,0S0; c. ". Hank
ness. Sl.696.oOO; Oliver Payne, 81 100000
Henry ". Flagler. S1.22O. 600: w. l. Hark-
ness. $3.50 600; L. V. Hardness, s524.o00,
and william Rockefeller. S46S,00O. Any
one Of these amounts is fortune in itself,
ard only a few Of these men have been
named as prominent in the money trust
Some fortunes, we opine.
Can Less BuIIish.
The vim in American Can issues has
been subdued during the last few days
and buIlish enthusiasm has faded like a
FOG before the wind. Performances by
this ambidextrous issue are so rapid that
il is a good deal like the NOW you see
nc, now you don't see me- act Of ma
gician. Whether IL be the result OF man.
tpulaticn or simply professional operations
due 10 spasmodic. periodical movements In
the buying and selling at opportune mo-
rnents. so far as the outsider is concerned
the effect is the same. and the public holds
the bag.
The Foreign Outlook.
In a paragraph 1.-The London Statist'
comments as follows on foreign stock |
market movements and the outlook re-
garding the Balkan peace negotiations:
From time to time, it is true. there |
are beginnings OF activity upon the |
b7urses. but they do not last, and often |
thew are followed by heavy selling. This |
state Of things will not last, We feel sure, |
because in France, as elsewhere the acute |
tension is over. and among the well in |
formed the impression is general that not |
calv VIII peace be concluded between the |
present belligerents but that all the other !
olestions raised by the war will be ami /
cablv settled. Stn. the saving classes /
bear in mind that there are many thorny |
Questions 10 be arranged. and, above all |
that Austria-Hungary still refuses to de- /
moboiize'
Gold in india.
Ir an address at the annual general |
ting Of the London City and Midland |
Bank. one Of the chief commercial insti- !
buttons Of England. Sir Edward II. Hold /
cr the chairman. commenting on the /
hoarG.ne of gold by India. said THE |
indian question is one which ought to De
tf.-gua.Iv discussed. During the last few /
v...s ladia has taken no less than tG"-
.cr0 of gold In bars and sovereigns and /
little has returned" He further said;
.I- bank similar 10 the Bank Of /
France were established in India, with 1
numerous branches in different parts of /
Oh. country. and followed up by great /
J.velopment Of sound banking institutions
tine credit would be created by means OF
!. MS discounting and borrowing facili- |
ties would be increased and per cent /
rates would disappear"
sir Edward hoped the Secretary OF
state for India would be induced to con-
slider seriously the question Of appointing |
without delay a fresh commission not only |
ir the interests Of this country. but also |
iu the interests Of all those countries !
which were now unable 10 obtain gold /
10 meet their increasing trade and in |
creasing credit.
January Failures.
During January 1914 commercial fall |
ures were reported TO p G. Dun e. Co, |
with total liabilities Of s22.972. 7sp. This |
compares with / 1877 defaults for s19,77O,- |
$50 in the same month Of the previous |
year: 1863 In 1911 for s24,090,649; 1910 |
defaults in 1910 for s32,015.754, and 1,471 |
insolvencies in 1909. when the sum in
volved was $14,00s.0S5. In point Of num- |
Der the January exhibit is very favorable |
as compared with last year. when there |
were So more failures. The number was
larger than In 1911, 1910 and 1909, but |
fell much below the total in 1905