New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-10
R@i[F NOTES OF FINANCE
O,,,Oraphs Of Current Interest
r'''' for the Investor.

f0r Inc lllVCotOl'
Growth Of the south has been been. .e-
ne siO" g. the industrial line particu-
ni'A'p.s ,r,pressiye example Of the way
brly ~ has attracted capital is shown
ne SOL for the cotton MIL INDUS
u the hs -, A. that period there were
" sos no invested i'm cotton mills IN al
ps~v .,.,es but in 1912 # is stated tha'
q the So 10, invested i'm Southern cotton
the 'a l'as aggregated 100000. Another
nils sO',e business which has shown re-
brahen development has been hydro
.,re power companies and an od II IS ,. esr
ecu ecu hat practically S5ohoo0V'o Is repre-
n''ee ~, ','' these enterprises ia bettermen's
''a''a progress or definitely planned IN
ho' u devoted TO the purpose Of en-
'eslH,', sydro-electric power in the South
''sh' I'D industry have moved very
l''g ,,. and. barring the restrictions that
''P- :. plsced on the building mp energy
''y s.glt Of money strngency' the land
asa enc Mason and Dixon line gives
-sch promise
Ranks and Finances.
.,.sl number OF national banks or
l on MAY 81 this year was lo,4oi, of
am, s,.s qgl6 had discontinued business
'a sa, remainder OF 1}sJ banks. with an
go ...-izs5 capital OF $.O63.&l.l76 and out
a''l..s circulation Of So. 10. SIS secured
SAL is The total national bank cir
- amounted TO S755, 2si,o66. Of which
,-'a 10, *, was protected by lawful money
- sousl amount deposited with the
.,.,,s5 states Treasury on account OF
,D.'ss and insolvent institutions
- had reduced their circulation.
Coal Trade Figures.
-.c,brscite coal trade for the month
No.. according 20 reports received, eN-
.-'.,,sd a prosperous month. During
~, nsriod about 100000 tons OF coal
-. mined. over 100000 tons were con-
- and the output was sold at eooo
-, This showing was eNcepuonalIy
,.g,,,ble compared with last year as
80 Nav. 1912 the greater portion OF
-. ,-,a the mines were closed pending
=. vare settlement. so that the totai
.-..,,tion was only l429.Coo tons. For
=. ave months period 10 the end OF May
~. war there was an increase or e,S'o'-
n TINS over the same period Of l9l2 Inc
-, o,,,ut for the five months was
g1s7 tons. which is at the rate OF os'-
nm tons a wear. The present estimate
!, hat the production this yea viii oe
.,,rv as there is said 10 be a strong de-
-,,d for ooal and a great deal viii have
., h, mined 10 replenish low stocks.
Distributing Treasury Funds.
list NJ rational banks which are now
sewing as government depositaries MADE
,sbvc By Secretary McAdoo. shows that
,,s,s are now or as against 55s prior TO
r,,s 1 This is an increase OF fOrty-e!gnt'
rost of which are in the Vest and South
the information which the Secretary
made public was not very definite as re-
gsrds the amount OF each deposit mace
by the government out Of the SlO'Vo'VVo
EXTRA funds appropriated for that pur-
roea. only the states. cities and names
N tho banks were made known. Ne"
YORK State secured $4,000 OF the ne"
money which is distributed between
tventy-seven banks i'm seventeen cities
o, which New York city furnishes nine
Institutions.
Last Years British Trade
In the distribution Of British trade III
1872 India was England's best customer
It's purchases aggregating $3.50. 1850 an
Increase OF s95.Co1.00O over the previous
ysar. as per consular reports. Germany
from the United Kingdom
reached total Of sls9 .Sas09, which was
& 1000 in excess Of 1911. The Australian
mporta tons were $685. $50 9S5, representing
, gain Of $4,000 The United States
exclusive Of insular possessions) was the
fourth best customer. with purchases az
creating sls6.593. 4O4. followed by France
and possessions with sl37, S5l,72j. and By
Canada with al4,423,555. The Union OF
South Africa purchased from the United
Kingdom in 1912 merchandise Of the value
o. 40. II. So. and Argentina bought TO the
extent OF Sl0o.OS6.9l6.