New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
4BRI[F NOTES OF FINANCE
paragraphs Of Current Interest
'"~' for the Investor.

Paragraphs OF CurreI'' ''''e'eS'
for the Investor.
ling the month of March there was
Da'ins rsment in the municipal bond
an my sales for the month were ST.
HsTAes &, excess Of sales for the same
cc@VV' ,q1e For the month Of April
perlOO scheduled TO be sold about So
there ." ., municipal issues. New York
eV"V'' an have an issue of $4,000, 600
sas Cor highways and canals during the
p0n'S -. state OF Pennsylvania has au-
year 10000 900 issue of good roads
lnV and there has been announced an
O0Du' If 100000 bonds TO repair the
is'Ue caused by recent floods in Ohio.
oaiHae ,,sres will also appear, and a large
o'"S 49, NJ reflections Of other municipal
h'"'s~ 90 result of an insufficient num-
hs' bids having been received will be
W. .sSsrsised as soon as the money market
I'm hsconie a little easier.
FIXTURE Of Woollen Industry.
a. % the industries which will be az
,..,nd nv the tariff measure If it becomes
80, as Il now stands is the woollen
Ids Of which the American WOODEN Com
~ &c the most important part in this
-r,,-v The history of the American
wooen Company displays a very favor
~ record. In the first place. it has never
SOD IFS dividend and there are $4,000
|, .,.oekholders IN the company who get a
.,od return on their investments. Dur
80 ,bs year 1912 the company expended
.s,rt $500 coo in new machinery and
eminent 10 increase efficiency Of its
Ills and reduce the cost OF manufacture
:, its lowest point The company has no
Aonds or mortgages and its mill fixtures
.,d investments are valued at $4,000. 900.
"a what extent the company will be
I,rmed by tariff reduction and the pro
,ossd free list can only be estimated, but
ne loss will be severe.
Importance Of Sugar Industry.
While IN the United States there is
,.,oency to discourage the sugar industry.
az exhibited in the present proposed tariff
reduction. il is interesting TO note the
statistics regarding the sugar industry ia
India. During the last two years India
has produced about . 500. 900 tons OF sugar
Zach year, which is more than any coun-
IN in the world. This huge production OF
sugar. is not only consumed locally. but
sugar forms about 60 per cent OF the total
value of imported articles Of food. Sugar
Exports in the fiscal year ended March 81.
49,? totalled 6l2,OS2 tons. for which $685.
10000 was paid. Nearly all OF this sugar
mmes from Java.
IN view Of the Importance Of this large
import of refined sugars into a country
hat a government report says produces
o,e.third Of the worlds recorded cane
uop.' Official interest is being taken TO
s.ablish a modern industry According
% consular reports, certain tentative
measures havo been adopted by the gov
eminent. and the several local govern
nents are preparing reports as 10 the eX-
:s,ence Of compact areas suitable for cen
nal factories.
lehieh Orders New Engines.
The Lehish Valley Railroad has ordered
twenty-five new engines, weighing $4,000
rounds apiece. There are seventeen Of
these leviathans in use, and, in order
10 accommodate them. two big new mod
en- turntables are 10 he constructed at
lshighton and CoXton. These will each
b. 100 feet in diameter. and they viii be
dose to the roundhouses and power plants.
The use Of greater power and bigger en-
zines on a railroad implies additional eX-
yenses beyond their purchase price not
generally understood Provision must be
made for their accommodation and proper
handling. and one of these provisions IS
The building Of adequate turntables anu
ioundhouse facilities. These new engines
are the largest now in use on the road, ana
are equipped with all Of the latest me-
caanical devices calculated to promote ei-
fdency and economical operation Of such
ponderous machines.
Less Anthracite Shipped.
The lack OF demand for anthracite coal
even at TIE prevailing reduced prices Is
rejected in the falling off OF anthracite
shipments during March, which were J.
tsO.s99 tons less than the shipments oil
March, 1912. and in the increase III the
amount OF coal on hand at tidewater Ship
ping ports. The shipments IN March'
1872 amounted 20 6,5se.Gs7 tons: those in
March, 1913, amounted to 4,sO9'2SS tons
The coal on hand at tdewater shipping
Ports was 1926 tons on February y
end 772.1l5 tons az the close Of March an
Increase Of 2S7S45 tons.
The Philadelphia & Reading Railway
carried the greatest tonnage in March'
sf.n2 tons the Lehigh Valley came
next with Se9.5O2 tons. and the Erie
which was fifth in tonnage in January
and February. was third last month. with
'02SS tons. The Central Railroad oil
New jersey carried G6J,S56 tons; the
Delaware & Hudson carried $3.50 tons
Inc Lackawanna fell from third 20 hftn
Place. with j32,247 tons; the Pennsyi-
'snia carried 1921 tons, and the New
York. Ontario & Western. 212,9S2 tons