New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-04
||[F NOTES OF FINANCE
,,,,Oraphs Of Current Interest
'''' for the investor.

Tor lIle IIlVCotV''
.r-,sco rcceivership is simply an
ne lance of ovcr-tinancing along
td '''' which might have been coun-
1'no ,sd or passed over in the days Of
'ap'S ,st Drew and others, but in this
'olo' ,,rber degree of integrity is re-
g corporation matters, and until
lie 10 management and insiders can
~, they are not TO be blamed for
't . "c Of the road they must remain
sow .,spicion. while the government
an the search light.
o,.oious Metals in Georgia.
81. is not generally looked upon as
metal state. but last year IT
- $3.50 fine ounces of sold, val
u,e,,. which is the smallest out
,bo last eight years. and also pro-
~ small showing Of silver. ac-
% the figures supplied by II. ID.
~. ~, Of the United States Geolog-
s~.yov I'm 1911 the production Of
a. valued at 5000. In the state
car there were five deep mines and
three placcrs. and there is re-
| 81. ~ - he remaining some undevelopcd
ggerty.
p.duoed Moa..Jy Dividend,
.,.rirr as a reason the abnormally
.rice Of sugar this year. due to the
.,.csdentcdly large crop i'm Europe and
I. and the certain sugar tariff rcdnc-
d a. this country. the board of dirCc-
# the Hawaiian Commercial and
y. rompanv has reduced tho month
s,,de,d rate from - cents TO Ia cents
/ .s,,e beginning with the dividend pay
b an July = The par value of tine
~ is s.. and the reduction in divi-
"a, will save the company $4,000
- During the last three years regu-
!. dividends Of - cents month have
=, Maid. together with extra dividends
IN wear amounting to 81 a share. Since
!. organization Of the company divi-
,,s disbursements have amounted to
l15m0
Small Railroad in Trouble.
m, Nav 50 the Arkansas, Louisiana &
M, RAILWAY Company passed into re-
f,.vsrship on the application Of the road
I,,3bolders. This road. which Is short
I, could not meet its interest charges.
= /, said 10 have a comparatively small
.isbtedncss outside OF the accrued bond
,.e-sst charges. The plan Of the bond
ders IS reported TO be i'm favor Of OK
.-soDs and bcttcrmeuts which will en-
NJ the road TO care for a rapidly grow
z business in that district The road
ns Incorporated IN 1906 I'm Arkansas
n louisiana. 10 run from Pine Bluff,
*. 70 Monroe. la, and 20 Crossett,
.k a distance OF lS miles. The su-
erized capital is 100000 OF which 81
~ has been issued The bonded debt
assists Of 81 5000 first gold Js, dated
liz l. 1871. out Of total authorized
ese Of S.eWco0 The board Of directors
sased Of well known Chicago, COL
ado and Southern men, who. it IS re-
Isied. will cooperate 10 bring about
srsanizaton without any substantial
j.
Fuel and Oil Resources.
The mineral resources ~ Barbados are
sacting attention owing TO an oxhaus-
s report made by United states Consul
aSter ". Martin This report deals
I;Gy with "manjak, a bituminous fuel
j with the petroleum prospects OF the
isnd Reported legislation is pending
THAT country for repeating the oil mines
4 which has prohibited contracts here
ere with outside interests. and the gov
IHment will appoint a committee for
liking contracts with interests desiring
exploit the fields. The Bureau OF For
Ia and Domestic Commerce at Wash
,gion has FUN report, together with
PAP o. Barbados showing the eXploitable
. areas, and this information rs being
rished 10 representative interests in
- country who are contemplating MAX
z a full investigation Of the island s oil
Taurces for the purpose OF developing
y supplies OF oil and fuel for the Amer