New-York tribune., 1913-06-17
lP|[F NOTES OF FINANCE
.,,soraphs of Current Interest
'''' for the Investor.

Ian, that the railroads have an
L CT confidence in the future by
,san,onsiye plans for Improvements
he p' . been made over various sys-
tat n|,S ~ course, it will require a great
rnS 70 o,ev 10 finance all the rail-
zeal o! IT, IT, the future. and it may ne
rcads severaI months to come at least
eai ~ money will be as scarce as the
tlan''n,9, hens teeth, and then, again.
goTs' '''@. C he comparatively easy by
p'a.y p'.. Of Of this year if the foreign de-
ihs sh. re supplied at home. There are
r'nas ,uo sides of every question and
asA!s !,.,stsnding the cry Of alarmists
roi'i'1s.s,n outlook now seems slightly
l.s.r D. l't than it did a month ago.
will Hold Central Pacific
.,,sipg to information received from
A,,~o ,.oio Central Pacific has been elm
Ci--'y'-,' s-,m the Union-Southern PaciHc
i'l'. .,on nlan. and the Southern Pa
cls''.-n n 10 allowed 10 retain the Cen
a'. n'.,sc % without a legal fight. II is
~ - that the decision TO leave
49,, rs,tral Pacific out of consideration
~ -. Union Pacific was partly due
R u, '"' that the State Railroad Com
..,,on Of California would offer vigor-
n''.,I 'S,.ction 10 any plan which would
- disturbance of the conditions
49,, ~, now prevail in that state. 1t IS
- "a, that should the Attorney General
- -. % bring the threatened suit 10
- tho Southern Pacific and the Cen
%, ,p..;6c the issue will be fought very
- and among the officials Of the
-. -, Pacific doubt is expressed
- any action will he begun by the
oyernment'
II. Worlds Demand for Cash.
-. word cash" is one now in the
-...,s Of all the powers on the earth.
,.,manv wants cash. Austria wants
~ rance wants cash-all Continental
r~,ons in fact, wants cash, and most
!. ,ss corporations Of all the world want
=, and in most cases they want the
,.s in gold. The Balkans will need a
-, n cash. the railroads Of this countr5
,,rfs lot Of cash. and while there Is
!, ~ cash apparently in the world the
,,,ss-s Of Il want high interest rates
"a sssm 10 be intent on making money
= ,s far as possible on short time ac-
,-modations. II is possible TO get
~. but the remuneration 10 the lender
d, The present time is excessive. Thee
point beyond which general busi-
,ss cannot 90 in the payment Of inter
st rates. A per cent rate for ordinary
.ss Of business is excessive, and If
,-tinued for a term Of years would re-
vr IN wrecking many concerns. Time
uD adjust matters. however and the
-,snt s,ringency even now seems 10
exhibiting some signs of future re-
Il
May Import Chinese Eggs.
There is some talk that China may ship
egs to the United States. but there are
kny obstacles. which. though not in
rrnountable, are serious. At the pres
q, tine eggs in China are cheap. The
asss OF ordinary lots this year have
nged from IS "A TO So - gold thou
and. During 1912 the highest price OF
sgs in the Hong Kong market WAS
|Ns thousand wholesale. These eggs
n shipped by Canton and Macao TO
igng Kong in native baskets aoout the
sls Of an American bushel. They are
s;nsrally poorly graded and are rehan
Ia at Hong Kong. one Of the points
'Aich would work against importing
gg from China TO this country IS the
resent high exchange value Of silver
I'd another is that If a heavy demand
rfs created by reason Of the attempt
meet the requirements OF this mar
~ the Price Of Chinese eggs would rise
sry materially, and third. the duty into
:, United States would be against eggs
ron the Chinese market. China now
aports about 100000 worth of fresh
q: preserved eggs each year, Of which
''ng Kong takes about 40 per cent. but
exports to the Philippine Islands a
lgs part OF this amount In the fiscal
'sr Of 1912 the Philippine Islands i'm.
nfisd from all Chinese ports a total Of
'"5'l dozens Of eggs in natural form.
'neh were valued by the customs pso-
= al S563,526 in gold.