New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-17
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

for the Investor.
t.o,,ouipg the testimony Of George w.
whine and James \. Patten before the
.,.,.os,iqatiug committee in Washington it
-. certain trat the general impression
r.carding pools in stocks and corners III
.,,,,nodities is an erroneous one. Inc
49,. ~ corners is an Authorization, II Mr..
,,,..o,,s reportcd judgment in the mat
80, my he accepted. and United States
.,..,l stock has never been manipulated
,,,. knowledge Of Mr. Perkins. II Is
.c,.,airIy a great satisfaction to know that
~ ,,c .sll, about pool operations and cor
80 Is moro fiction and that transactions
,,,,ic,, n.y. frequently had the appearance
shoirc a result Of irregular methods have
torn idle gossip. I'm the words OF Harry
,,dar there are some who will say i
..,su ma. me doots." However. it is very
f~lc that many pools have existed in i'm
sginatiou only.
State Railroad Service,
IN q, inspection by the Public Service
Commission Of the I'd District during the
.,,sr 1q1g covering the steam railroads OF
,,o st.tc a very favorable condition was
f,,,,d regarding the adequacy and et-
,.;o,,- Of the various departments.
There are engaged in the motive power
...,,,irr,ept 6.3I3 locomotives, Of which the
commissions inspectors found that So
nor cent of the full number were avail
able for service; the remainder were
waiting repairs. According to the com
missions report, the New York Central
lines within this state arc i'm better shape
regarding their motive power than al any
time since the commission was formed.
IN the report made the commission com
mend, the New York Central executive
and mechanical officials for their active
and efficient work in improving the SER
wee.
Reeainine Lost Ground.
During late years New York had lost
ground as grain handling port until
1ql1 when there was an Improvement
and last YEAR. when total Of 1S0,l1l,1S0
bushels Of grain were handled There
has been and is a hope Of return OF
the grain trade to New York. In eNpec-
tation of such an improvement the Lehigh
Valley Railroad has added to its equip
ment new grain elevator In addition
Ia the EXPANSION Of business i'm tho United
states A considerable volume Is promised
from Canada. H. c. Davis, of the lehlgh
VALLEY commented on this as follows:
THE wear 1912 showed q marked in
crease Of Canadian grain production. 1t
is already beyond the capacity Of Canadi-
-llt
handle. Producers must have market.
The best evidence Of these conditions is
that on January the New York Produce
Exchange started to trade in bonded Ca
madam grain. and this is proof Of the
rreraration that is being made for the
future. The railroads must help TO meet
that future"
Copper Output in 1912,
some figures on the copper output OF
1912. as compared with 1871, are given
tv the United states Geological Survey
rress bulletin. I'm Montana there was an
increase i'm production around 3S,00o.00O
roynds I'm Michigan the increase was
about II .00O. ouO pounds. while Utah had
q considerable Increase the output OF the
mines AT Bingham being lessened by the
labor troubles i'm the latter part or the
Year. which reduced the ore production
in the state. Nevada in 1911 produced
.G..sGi.o1s pounds and the production IN
ss1e exceeded this amount by several
million pounds. AS the total will probably
show 10000. 900 pounds when the final
frurc. are I'm. California I'm 1911 pro-
dured 25.S35.OOO pounds. which represents
rracticallv the production for 1912. The
Kew Mexico output in 1872 exceeded that
~ 1911 by practically 80 per cent. Idaho
will probably show in excess or nan
million hounds increase over 1911, Whhe
the Alaska figures will run in excess oil
g. oOO. 600 pounds over the total OF 'SiI'
Tho geological survey outlook for 1913 Is
that there will be no new large producing
mines added during the year. nut tha'
those that began production in 1871 ana
1912 will turn out larger quantities than
they did last year.
Oil Stock Dividends.
Following the lead Of many of the
other standard Oil subsidiaries, the Ga
lena signal OIL Company has called a
SUflIGl fnFGtllE 0l NAD' fNiA'AN'-''' 80
- AT Franklin. Penn. 70 authorize an
Increase I'm the common stock from ~
oao. 600 to Sl2.OOO,OOO for the purpose
Of declaring a stock dividend Of 80 per
cent on the common stock Shares OF
srocn transferred sixty days before the
day Of the meeting will eutitle the hold
ers 10 vote at the meeting. On March
l3. 1912. the STANDARD OIL COMPANY OF
Nebraska declared stock dividend Of
So is per cent and week later the
standard oil Company Of Indiana made
stock distribution Of 1900 per cent in
July Of 1912 stockholders Of swan a
Finch we're given the right to subscribe
10 400 per cent Of their holdings at par
and in August the Standard OIL COM
rany Of California allowed stockholders
10 subscribe 20 50 per cent Of their hoid-
nas at par. The Vacuum OIL company
then followed by giving the stockholders
.,ho .;oh. On subscribe TO 500 per cent OF