New-York tribune., 1913-06-19
Ri[F NOTES OF FINANCE
,.,,oraphs Of Current Interest
''''' for the Investor.

prOcess oi ,,,
1as a new one is always a disturb
nsrss' " il means the breaking down
's ons, ,..roer and the beginning Of the
3 ias w. w.. period of the latter, while
oH'ru'T oHrs of marking the breaking down
iss AD' "a and the building up Of the new
q ihs .Ss.ure ~ one to all except those VINO
sn oOs-.d IN the work of making plans
Gs sosa1Ig .tIng them into execution. How
. ?. pa' nrocess of rebuilding has gone in
~ 'n' .,t stock market is an interest
bs go, but it is evident that the
-s au'I a-,ssrs have been materially as
~ iD''D the very considerable odd-lot
SEQ that has taken place during the
WIS cocks. Whether more eXcavat-
al iss bs done before the solid founda-
e nus hull market has been laid is
,pu to discussion ,.,u I'll
--srizatlon Of a national CO.
ID. company for the purpose Of
feS" tho high cost OF living is an
lions -.oT experiment which will be
'noI S.s with great deal of in
''.a'- with q capitalization Of 100000
ere" --.,ization should be equipped
% as,,sb cold storage plants. packing
- canning factories and other nee
~, dspots for the preparation and
s'Ds ....,or Of food products destined 10
81 -, tho middlemans profits and re-
~ cost 10 the consumer very ma
l-.' ,,r5sr the present scale Of prices.
~ fair 10 comment on the propo-
80, favorably or adversely as so iar
Nv ,,,-ied. and 10 may be that out OF
cement will arise an economic de-
....r,s,t which Will eventually serve
Ir-Doss the promoters have In mind.
!. -. present time however the pur-
-, n stock in a corporation or or
-, -.,.,,or NJ this kind should be left 70
I. - -an Of wealth who can afford TO lose
-. moDsy should the organization fail
!. l. proatable as a business investment
Municipal Bond Market.
-. -,y,icipal bond market has passed
...n,b q discouraging period during the
-, few months. About one hundred and
=. cities and towns throughout the
..,.,-v have realized the changed condi-
s,,, IN the investment market and have
u, forced 10 make concessions In order
=. .scure funds. Tennessee has again
ana 10 dispose of Nl45Sooo Of per
',,t bonds 10 refund a debt part Of
,,,,b-ss % aCO5-matures July I, and the
.,rainder al a later period. In April
'ouisana vas unable 20 sell $ll,lce.Slp OF
,fsnding 4 per cent bonds, and the Gre
I. state is now trying 10 solve the prob
On n providing for It's debt Of that
AMOUNT which natures January :. 1914.
Tss city Of Seattle. after falling 10 re-
ave acceptable bids for $l.7".oC" per
,,rt bonds In MAY. cut down the offer
N 10 S75000. the amount of indebted
as maturing July 7. made the refunding
sue in one 10 FIVE year serial maturity
svled a one-mill tax sufficient 10 pay OF
he bonds within the fve-year period and.
asa result. the banks Of Seattle took the
sndre issue OF bonds al bar.
Prosperity in the Netherlands.
One Of the foreign countries which has
zen going along peacefully during the
-or;hs Of disturbance and apprehension
Il Continental Europe. which have made
ronsy scarce and Kept business unsettled
b most Of the points across the water,
tss been the Netherlands. The financial
astitutons Of Amsterdam have been go
ts ahead loaning money and taking ad-
uniage Of the higher rates offered with
n evidence Of confidence that would do
rsdit 10 James j. Hill The year 1872
Eas a very prosperous one in the Neither
i,nds. and in the city and port Of Rot
..riam trade and shipping flourished 10
an unprecedented degree. and the city
t.ly sustained IFS rank as the second
srses, seaport on the European Cont
rent being second only 10 Hamburg IN
nansgs and number Of ships arriving.
il Amsterdam business was so excellent
that railway facilities were inadequate
lm handling IL satisfactorily, while domes-
DC and foreign ship companies were
oigsd 10 add new vessels 20 their fleet
md local shipbuilding companies enjoyed
exceptionally large profits The one bust
aess in Amsterdam which suffered was the
diamond trade as this industry. 50 i'm
lortant 70 the Dutch, was affected 10 a
considerable extent by strikes and the
lu7eo-ltalian and the Balkan wars. Not
outstanding these drawbacks, exports Of
asnonds from Amsterdam 70 the United
Ssiss increased IN value about S5j0oo0