New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-01
BRI[F NOTES OF FINANCE.
paragraphs Of Current Interest
for the investor.

p.oding the uISPo'N" -. IN the
Ke' che news regarding AFFAIRS III .ne
give ..ns is about as satisfactory as re-, re"u
BaiAA. from Munchauseh or hs'eh
Ing .A" retold stories of the late CoioheI
Ing 10 ocbIItree. Aside from providlhg
tom .,on for correspondents and supply
occupa rublIc with something 10 reau'
ins u. eors 10 be little of value IN the
there cor news. One thing to be SAID
BsihH" :, NAV not be virtue. is that the
though rrats of the world are kept
guessing regarding the final OUTCOME
A New Steel City.
,.u.,anding the threatened injury
stsel business by the revised tariii
az s,Is the United States Steel Corpora
continues to enlarge its scope OIL
uon Ems for future business. and near
ope' .,,y of Duluth, Mimi, tho town OF
'' 10 modelled somewhat after the
- cary. is now in process or oeVel-
elN when completed Carnegie is TO
op'no nublic library. homes for the en-
nav scbools for their children and the
p ,.,,.l variety Of mercantile retail hhes 10
us the inhabitants with the necessities
va comforts of life. The site VIII oc-
SH1 en- acres. and is said 10 have cost
guy, tban 100000. Another 100000 is
n'vd in a belt line railway, and a
M across the st. Louis River, con-
.",Irg the company's plant with the city
:. nuIuth is set down at 100000. THIS
LOO is a double-decker for foot passen-
80 railroads. streetcars and teams. Inc
S,.oI Corporation has expended ABOUT
,~1o 600 on its plant at this point, ana II
y ,be largest project in the Middle
west for many years.
Auain in Running Order.
nuring the recent high waters In Day
- ohio operations OF the Computing
REGULATING Recording Company were dis
Continued TO assist in relief Work, OUT
row the plant is in operation again ana
.,,,rents are reported as being made
raqularly. The official figures showing
,bs earnings ~ the company for the hrSt
tbre. months of this year display rate
ner annum In excess Of the "a per cent
..rred last wear on the So 4572lS capital
s,ocy outstanding The company's report
sovs. The initial dividend OF l per cent
calling for a disbursement Of SlJl.4o'. was
mid from earnings, the balance of which
vas added to the accumulated surplus
b-,neing that figure UP TO S,2S9.221, or
about 2.2 per cent of the outstanding
stock"
Copper Metal Abroad.
An interesting report on the copper
metal situation for the year 1912 is given
Nv the United States Consul at Liverpool
which says that during the first half OF
the year standard copper fell from $500 %
nsr ton for cash. the value at the close OF
1911. 10 S2s6 "A on January %. wire bars
selling at SSl7 SO. With a rapidly Increasing
and diminished supplies. large
purchases were made by consumers and
spectators, add prices steadily ADVANCED
until $3.50 80 was paid for cash and $SSZ u
for three months prompt standard on
June %, the highest point of the year.
wire bars sold AT 1874 cents per pound
or 1929 O. per ton. c. i. Z. After july
stocks steadily increased from CO4oo 10
s2GS tons. production having overtaken
and the policy Of the leading
American reilnerS o. mdlnlsinihS the'
selling price for electrolyuc copper at l'A
cents per pound although cash standard
rel 10 $,4S 81 in August and rose to @SHS 10
in septembe-J being sustained by large
purchases. believed 10 have been on Amer
lean account. Manufacturers held as little
copper as possible and bought only Tor
heir immediate requirements. The year
ended with cash standard quoted at $50 80
and high conductivity wire bars at $5S9 "
Der ton. The average price for the year
If standard copper was 1856 "a and OF best
selected ingots 1878 30.
Imports Of copper produce into Liver
,ool. London, Swansea and outports dur
ny 1912 aggregated 1882 tons against
81. SIS tons in 1911 OF the total in l'E
he United States supplied 1885 tons
spain and Portugal 1888 tons. Australia
45sS tons. Chill 1850 tons and Mexico
l.l4s tons. other countries furnishing the
.emainder. In 1911 the United States sup
lied 1881 tons.