New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-03
BR|EF NOTES OF FINANCE
paragraphs Of Current Interest
for the investor.

dc not very gratifying 10 stockholders
~, late lamentcd Frisco system to be
~,,hot il was better for the future ben
"" - the country to bring a halt in the
rs career and that the road was in
line Of readjustment and IT was as
.ssary 10 pursue a drastic policy as it
-, h with some other corporations to
healthy basis on which TO build
.ued activity fin the investment mar
spch action is so depressing it will
..,re time ~ overcome its hurtful effect
tbe security markets.
AGAINST the Railroads.
~s. state Of Arizona appears to be
.sinr through what Texas experienced
,-i,,irc with the period Of Governor
gs,e's regime i'm the COS in furthering ad-
20 railroad legislation. Arizona has
80 bill restricting the length Of trains
l'-.srective Of the level condition of the
''.,,trv and the state has passed other
.,sures which railroad men assert are
=, practicable I'm the light Of demonstra-
~, IN actual railroad operation. Common
..tr6ice against railroads is causing some
..casonahIe measures 10 he agitated by
..,,runities that may work like a boom
.,,np and in hittins the railroads re-
bound on the public.
Short Term Notes for State.
The departure Of the State of New York
-, o,dtin1e methods Of financing into
:. announced present policy of issuing
.r,.tsrn notes will be watched with
- interest as to its possible economic
ST. How this Will operate can only be
,.,s-nined from actual experience. In the
.,.ssnt state OF the money market, II
..r he interesting 10 note the rate Of in
,,,.st named in the bidders offers and the
less OF the offer as appealing 10 the
investing pubic
Uncle Sam Not a Customer.
The United States prior 10 1912 imported
,-op ore from Algeria, but last year no
i-on ore was brought to this country from
,l.erian ports This was notable, as in
on g36sS worth Of ore was brought here
,,s IN 1910 the amount reached $685. The
.,lure 10 ship any ore from Algiers 10 the
rri,sd States was not owing TO lack OF
are available for expectation from that
country. as Aleiers in 1912 exported over
sNMO worth Of iron ore in excess Of 1911
Evidently ore nearer home was cheaper
and more desirable last year.
New Paper Combination.
A forerunner OF what may be expected
n consultations Of paper companies is
shown i'm the incorporation Of the Provin-
cal Paper Mills Company. Ltd. in Can
ada. This company will have a capital
stock Of 100000. representing the ST
lawrence Paper Mills. Ltd, and the Bar
bsr Paper and Coated Mills COMPANY
Id. Of Kalamazoo Mich. The new or
animation has control OF very valuable
Canadian mill interests and the success Of
his combination Will be watched with con-
Siderable interest in view Of the tariff
changes which have made SUCH a move
desirable
No; to Destroy. but TO Create.
Turning the sword into plOughshares IS
BENG exempIifed these days only in a
Hnerent way by the use Of dynamite in
agricultura, pursuits. Il is reported that
he Z T. dI Pont de Nemours Powder
COMPANY during the last year sold about
10000 pounds Of dynamite for use In
.sep ploUeh.ug. planting trees and for
Jher agricultural purposes IL Is reported
hat trees and crops planted In soil which
ias been broken up with dynamite root
aore deeply and absorb subsol moisture
from greater area than In any other
form OF soil disturbance, The Du Pont
Company started a campaign couple Of
ears ago for the adoption Of dynamite
"a land clearing and uprooting stumps
which could not Otherwise be removed.
and carried the campaign into regular
arming pursuits. Although the cost 70
iae corporation as an experiment was
about $1,000 the first year. the eXnendi-
TIRE apparently was ike bread cast upon
ne waters