New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-11-07
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

The population Of the United States and
.,ossassions is officially estimated at 81
coS 4g7, and the Treasury Department
gives the per capita circulation as VA 10
according to figures just issued by the
ppreau of Foreign and Domestic Com
roerce the United States has increased
o. area from S9?, 1876 square miles in 1890
to a OPS 7S9 in 1913, and In population from
sgns. 4SS to 97,02S, 49, exclusive of the island
territories now under the American flag.
Meantime the production of basic articles
of industry shows marked growth: Coal,
from 20 tons in 1914 to 477,O00,OOO in 1912;
MIG iron. from $4,000 tons in 1910 to 10000
co0 i'm 1912: copper, from 100 tons in 1916
70 $4,000 in 1912; petroleum. from $4,000
gallons in 1859 TO over 9,Ooo000,Oo0 gallons
in 1912: cotton, from $4,000 running bales
Of 500 pounds each in 1900 to 100000
in 1872; wheat. from 100000 bushels in
1910 to 730.OO0OOO in 1912, and corn, from
S7S.OOoOOO bushels in 1910 to over 5000, 600
in 1872 Similar increases have occurred
in other products of agriculture, mining
and manufacture.
Toe Much Whiskey Produced.
The production Of whiskey has been
increasing during the last several years
until now, owing to the overproduction,
which amounts to about one years re-
ouirements OF Kentucky whiskey alone.
there is a recognized necessity for re-
striction of production. Banks situated in
the distilling districts have been appealed
TO to apply pressure, but these institutions
in view OF the excellent collateral offered
for loans. deem il unwise to assume TO
suggest 10 successful business men how
they should conduct their affairs. While
each distiller appreciates the necessity
for curtailment. as the Union National
Bank Of Louisville expresses 1t: Human
nature crops out and each one thinks that
his neighhor should be the one TO cur
tail"
In 1910 the production of whiskey in
Kentucky amounted to Sc, 563.5ss gallons;
in 1911, 459l6,4 39 gallons in 1912, 43,622,09S
gallons and in 1918, 4S.1S9163 gallons, &C
cording to reports This makes total OF
lS9. 9an, 2s9 gallons, and during the same
four years only Sl,6sl,9A gallons were
withdrawn for consumption. Based on
this showing, IL the securities of distil-
lers are TO preserve their present status,
some change in methods now employed
must be put into execution.
A Questionable Report.
one of the rumors current during the
trading hours on the New York Stock
Exchange Wednesday, based on reports
from London. was that New York had
secured gold in Germany for this market.
Primarily. gold imports by New York at
present are not reasonable, as il is doubt
ful whether suc.I a move would be judi
rious, and il is still moro doubtful whether
the German Bank will permit gold TO be
taken from that market, following the
long period Of continuous effort which
that institution has made in building up
its reserves. Gold imports from Germany
are rare exceptions. and II is practically
five years since gold in more than nomi-
nal amounts has been imported from the
German market. During the fiscal year
Of 1912 no gold was brought in from Ger
many, in 1871 the total was $500, in 1910,
$500. and in 1909 $22,0 900 In the fiscal year
Of 1903 sl,3cO,O00 was received from Ger
many. but this was the last importation
Of any Importance.
A Favorable Exception.
quite in distinction from the general
tone OF the industrial situation in New
England is a letter written TO the Boston
News Bureau by r. p. Hazard & Co.,
If Gardiner, Me, shoe manufacturers
Which reads in part
Our production during the month of
October was SO per cent more than in
October, 1912 Our actual shipments
showed an increase of II per cent. Our
orders are coming in for another season
In very satisfactory manner. and we
have all Of the immediate business that
We can take care OF. We find 1t impos-
sbe to take on any new trade at the
present time
In view of the reports from other in
dustrial points showing a recession of
trade It is at least comforting TO note so
gratifying an exception.