New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-11
BRIEF NOTES Of FINANCE
Paragraphs of Current Interest
for the Investor.

Estimated figures show that the cap
,taiization of all classes of textile mills has
Practically doubled since 1899. The num-
her OF establishments, however, have in
creased only about 20 per cent in the thir-
fen-year period. In the cotton goods
line about $500. 600. 900 represents capital
employed as compared with s467,240,O0O
!, 1899. In 1909 there were 1852 establish
r,ents devoted to textile industry. 1924 of
which manufactured cotton goods ex-
elusively
Some Export Figures.
Some idea of the growth of agricultural
implement exports may be gained from the
report of the Bureau Of Domestic and
roreign Commerce. In the calendar year
1912 this class of exports amounted to
100000. 600 Twenty years ago the fig
ures reached Si0O0,oOO and ten years ago
the total was $1S,000,000. Russia was
the largest purchaser of agricultural i'm
plements from manufacturers in the
United states in 1912, sales to that coun-
try being $4,000. 900, compared with 81
100000 to Argentina, 100000 TO Can
ada and practically 100000 each TO
Germany and France.
"Ex Rights" of Mexican Petroleum.
Sometimes selling EEK rights" means
very little. An example of this is shown
in Mexican Petroleum, which offers stock
holders the right to subscribe at par to
1880. 900 of the S10,000,000 increase in
common capitalization which was recently
authorized. The company's charter pro-
yides that offerings of preferred and COM
mon shares shall not be made at less
than par for any new issue or issues. At
the present time Mexican Petroleum com
mon is selling in the open market at a
mice which makes the word rights OF
little significance. According to reports
IL the Se,25o.00o now offered be not sub
scribed for by the stockholders S4.5OO,OoO
Of this amount will be exchanged FOR
nine line participation certificates OF the
Huasteok Petroleum Company and the re-
mainder will be reserved against the con-
version of any further bonds Of series a
and c that may be sold by the company
December Shipments.
1919. amounted to 5,s44,502 tons, as COM
pared with 6.115.427 tons for December
1911. a decrease Of 170,e25 tons. the
shipments for the year amounted to 3d.
ef057S tons as compared with 69,go4,ZS9
tons for 1911. a decrease OF 6,34S,'2l IONS.
The Philadelphia & Reading Railway car
RED 1.223.SS0 tons. the largest tonnage
last month, while the Lehigh valley was
second with 1.1OS,765 tons and the Lacka-
wanna was third, carrying S5O,9'' IONS
The tonnages of the other roads were
Central Railroad OF New Jersey. 76O,419
tons: Erie. 667,532 tons; Delaware *
Hudson, 59S.969 tons Pennsylvania KAN
road. 543,361 tons, and New York. ON
tario & Western, 190,539 tons.
]. G. White Organizing Meetings.
The completion of the organization of
the new White companies occurred OF
January 6. when meetings were held 10
elect boards of directors and officers. For
the purpose Of increasing efficiency the
l. q. White & Co, Incorporated, was or
eanized last year into departments OF en-
eineering and management, and into each
department at the organizing meetings
held this week, exceptionally strong boards
Of directors were elected, thereby ciassi-
fying and dividing the responsibility oil
operations The report Of ]. G. White
Co. Incorporated. for the year endeo
october I. 1912. shows that the company
vas then at work on contracts aggresat-
ing about s2S.O0O,OOO and on appraisais
and reports upon properties aggreSatns
about $500. 900, 900. Hydro-electric devei-
opments under the cOmpany's supervision
include some of the most important IN
the United States, and the aggregate ca
pacity OF these water powers is approx
mately $4,000 horsepower. There are
also engineering operations now active
for the drainage Of $4,000 acres In Flor
ida. and the construction Of 124 miles OF
Pinch natural gas pipe line. which VIII
have q pressure of $50 pounds to the
square inch the highest ever developed
The parent organization OF j. G. White
Co. Incorporated, will continue as an
active financing and owning company