New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-12
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

tc due 10 AAlN l''+N| NNNHNNN ~
consolidated stock Exchange to bring
w institution up 20 higher level by
"'" o,,isbing rules and regulations which
M afford protection to the investing
wa ",o The introduction of the $50 call
p',,,v has been very beneficial in
ape tho Consolidated an individuality
49, ,,,,itv transactions and quotations.
% .,,,r,inr the policy of increased bet
D. -, begun by its president and board
.o,ernors a marked degree of public
,ddence will be attained.
Electrical Organizations.
go ore FIVE large electrical organiza-
=, tho world, OF which three are in
uV'' rc,,ed States and two in Germany.
."' tho period between December 81.
"a March 81, 1912. the three Ameri-
i'''' a,,nanies-the General Electric. the
Cn' Electric and the Westinghouse
.-:o-did a business in excess of S170.-
oa while during the same period the
- TWO large electrical comprehensive
.nra,,eine and Siemens & Halske. of
cor'many-had a business of about sl52,
D0c0
Railroad Equipment Cost.
=, ,s questionable whether the public
ms n realize the enormous sums nee
.ssarv 10 keep railroads equipped with
,,,-,o.date cars. The Pennsylvania has
~ao.nt,v placed an order for 10000 freight
cars 5000 of which will be all steel hop
no, cars. costing 3l.3l5 each; 1000 will he
,,asl and wood gondola cars, costing N,2l1
sach. 800 refrigerator cars, ut 5000 each;
;o wood and steel box cars. Sl.+02 each.
-o,,e idea of the amount Of steel required
70 ell such an order may be gained from
,be fact that the total weight of steel
Will be 10000 tons. and the cost 10 the
Pennsylvania will be almost $l4,0O0.0O0.
Encouraging Farm Loans.
Down in Louisiana the Legislature is
.xennpfing from taxation capital invest
ID in farm loans. and this is encouraging
banking syndicateS TO take up the better
class OF farm mortgages in that state for
investment offerings. Recently a Wall
Street banking house purchased %,0V.0o
NJ farm mortgages bearing per cent.
70 be 10 pay more attention 10 the farm
r. and his financial requirements than
eyer before When once some less cum
b,rsome form of financing for the Ameri-
an farmer has been perfected than is
in vogue to-day, a development of farm
mortgage bonds will probably follow
which will open up new field beneficial
o both the farmer and the investor. 1t
Is said that in the State OF Texas alone
the farmers owe s20o,ooo.oco.
Cottonseed Oil Plant.
A report from the Consul General at
SMYRNA, Turkey says that large plant
for producing cottonseed oil, which will
cost about $4,000, will be completed this
month at Aghia Triadah. a suburb OF
smyrra. The construction work has been
under supervision of an American expert
who states that all articles will be turned
out that are produced by any first class
cotton oil plant in the United States. The
CAPACITY Of the mill will be i20 tons of
seed daily. yielding 40 gallons Of oil 10
the ton. The amount of seed available
annually in the Smyrna district IL estimat-
ed at 1852 tons, and larger quantities can
be secured if necessary. it is said. from
nearby points. The company expects 10
compete with imported cotton oil, as the
seed can be purchased around Smyrna for
SIS a ton, where I'm the United States IL
costs $50 a ton. All the machinery for
this plant. except the boilers, was pur-