New-York tribune., 1913-11-15
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

-x. anproaching period wheh the an
CaraI will be opened for business
an" .rates the interest in that event
sco.H ssor particularly OF the plans under
oy sor new enterprises to take advant-
way the OPPORTUNITIES that will be Of
seo 90 commerce. The announcement
- made that one steamship company, Oh
e., YORK. has plans drawn for two fast
~" r,ers of 10000 tons cargo capacity to
sV'a a,o between this city and San Fran
l'oo IN conjunction with six large cargo
ei'. eors now owned by the same COM
81 This is only one of numerous new
poay p.-r,rises that will be inaugurated with
Ne opening Of the canal.
THE DOWNFALL IN COPPER.
On editorial review of the "Engi-
...ring and Mining Journal" issued to-
~. the following paragraph deals
O,",r,v with the copper situation;
'sThe report Of the Copper Producers
...o.iotion for October shows that in
I",,s NJ the restriction OF output in Mich
,I.r and Mexico. the production by the
susrs continues to run rather nigh.
0kF
.,ock of unrefned copper, of which
.',.,lus was carried over from 1912. and
shi.b increased further during the pc
.,oa NJ the strike at the Nichols re-
s.arv last summer; or the appearance
:, copper refined from crude imported
,,ono Europe. and temporarily converted
,n,o invisible supply, the quantities OF
o0rnsr aAoat between Europe and Ameri-
- rot being reported in any Of the sta
,s,ics: or both these conditions may be
n,aving a part. The maintenance OF de-
,ysyies. both domestic and foreign, is
encouraging rather than encouraging. In
view OF the fact, now well established,
hat American brassmekers are operating
n reduced capacity, while things are not
ms, right in other branches of the cop
,sr manufacturing industry, all Of this
redecting the general recession In trade.
the maintenance Of large deliveries TO the
manufacturers indicates their overbought
situation, and their ability TO remain out
of the market for some time yet to come.
As we have previously pointed out, 1t Is
,ot the spot and nearby position that is
worrying the producers, but rather the
state of their order books for December
and later deliveries. The old asked price
Of lSkc, which is still nominally main
tanned, and is talked about in the news
papers, is as meaningless now as would
% an asked price of 25c."
FOREIGN TRADE GROWTH.
Except in crude materials for use in
manufacture there has been an increase
in every class Of this countrys exports
for the nine months period ended Sep
tenber, and including three days in Oc-
tober. A gain Of over $17.OOO, 900 in exports
Of food stuffs partly or wholly manufact-
ured, Of more than S26,00O,000 in ex-
ports of manufactures for other uses in
manufacturing and an increase of about
sS,VO,O00 in finished products ready for
use are the figures furnished by the De-
partment Of Commerce. The United
Kingdom still continues TO be our best
customer and purchased from us about
s3Ss,0l0,000 as against our purchases Of
around $201, 500, 900. This shows an ag
gregate business Of more than $500 DOC, coo.
with a balance Of trade in our favor of
NG,0o,000. Canada comes second with
a purchasing volume of s3l30OO,00O and
sales to us Of about sS23OO.O0O. making
total trade in excess OF S406,0000o0, and
leaving a balance in our favor exceed
ing S22l, 900 900. Germany is third, having
purchased around S222 100000 and sold to
US about ;l36, 900, 900, leaving a trade bal
ance in our favor of $S5,30oOOO. France
ONES fourth, with a purchasing volume
Of over $4,000, 900, and sales to use we're
about sl0O0O0,Co0, leaving a balance Of
trade against us &C practically sl0,000.Q00.