New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-12
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

The lumber industry in this country as
represented by the number of feet cut in
any one year made its record In 1909 when
44.509, 600 feet were taken from the
timber growing states. In 1910 the total
was iOCls 2S2. coo feet. i'm 1911 37,O03, 207o CO..
feet and in 1912 the figures were slightly
increased over the previous year TO g.
15S.4lfO00 feet. Last year the State OF
Washington was the largest producer OF
| lumber with total cut of i.O@Uo.OO
/ feet. Louisiana was second, Mississippi
third. North Carolina fourth. oregon
! fifth and Texas sixth. About H,I7oOVDvo
feet Of the total number produced last
year were yellow pine. practically all OF
which was cut in the South, where also
more than half OF the hardwood cut Of
the country came from.
American Sulphur Abroad
The vast deposits of sulphur in South
western Louisiana are finding their way 10
the various parts OF the world, and the
latest move 10 expedite the distribution
of the product has been to establish
large storage warehouse at Rotterdam
where the Union Sulphur Company has
installed modern machinery 10 handle the
sulphur from the ship TO the warehouse
The company controls fleet Of vessels
which is used for shipping the sulphur
TO its various foreign warehouses includ-
ing those a. Hamburg, Germany, and
Marseilles and Cette, France. IT Is SAID
that the facilities for handling sulphur
by the company in Louisiana are sufli-
GENTLY large to allow a much wider dis
tributon than is now being made. and
that these additional foreign warehouses
will not entail any enlargement of the
company's plant in this country.
Increase in Government Bonds.
In letter just prepared by Fisk & Rob-
inson il is stated that the volume of gov
eminent bonds deposited 10 secure circu-
lation has advanced steadily and quite
Uniformly, the Increase being nearly Si6'-
0ocoo during the last twenty-eight
months. OF this increase J6.6 per cent was
IN % OF all classes, 2SS per cent in Is and
1i.6 per cent I'm IS. The letter indicates
also that the income from the use of IS
has declined almost continually; that the
return from the use of As either has re-
manned practically stationary or actually
declined until within the last sixty DAYS
and that the profit from y OF 1890 has in
creased steadily While the income from
Is IS at present slightly larger than that
10 be obtained from IS of 1890 the latter
appear more desirable for several reasons
There IS no premium either TO be written
of or carried as an asset by the banks.
Though selling below par. the Secrc-
tary of the Treasury permits the issuance
OF currency up to their face value. In ad-
dition. their status in pending legislation
is practically fixed on favorable basis.
Bank OF England Return.
The present week has added 10 the list
Of extraordinary returns which the Bank
Of England has been making for some
time. The proportion Of reserve TO ia
hilitics this week is 605i per cent. which
compares with "A tcn-year average OF
j262 per cent, and probably represents
around the high point FOR this year az
I'm the succeeding weeks the outlook seems
70 be for a reduction. one OF the signs
which the present statement hangs out is
a contraction IN trade and industry as
indicated by reduction in circulation OF
,20n0D. While the reserve is larger
than at this period last year. when the
rate was per cent, the bullion holdlhs9
are $4,000 less than they were at that
time but they are way above the safety
mark. and. considering that the bank SIM
maintains its AZ per cent rate there Is
evidence that the monetary situation
abroad is still attended with considerable
uncertainty