New-York tribune., 1913-04-02
BRIEF NOTES OF FINANCE
oo,aoraphs of Current interest
for the Investor.


-" If the country adjacent to the
p0Fuv CITY Southern line is reflected in
han'", '"rnings report of tho Kansas City
the - for the first eight months OF the
Sou'" nor For this period an increase
isea' earnings is shown of 1918. of
in s,o' -, e4S consisted of net earnings
Wh''n ,bo features which stands out is
U"' rsduc,ion in transportation EXPENSES
'he Inscribed only 32.G per cent Of gross,
VnH" nared with So per cent for the
y -, [V YEAR ended in 1912.
Increasing It's Stockholders.
80, reports Of the Norfolk & West
V,,|i maay Company show that that road
erh i'a,5 '.'.ca5 large increase in its list of
eSps pS.,asrs during the year 1912. on
s'o'NnU1 1872. this road had 5.15S stock
Jahu@.' uhile in a statement of February
ho'o.,T QUE, the number had increased to g.
,.s H., or or gain Of 1.oS2-a growth of 20
u" ..rt The domestic stockholders, in
pei 49, Canada numbered 5.699. while
e,.'r y, nsrsons living in foreign countries
..,sd stock in this road.
~",o,,ss and wages paid in 1912 amount
% s17.sS7.295. which was paid to ap-
.,,,ats,v 91.16S employees. The total
INT N.,rt Maid in dividends in 1912 amount
"a .s.229.10S A dividend of 4 per
was paid on the adjustment pre-
,..,sd stock and a s per, cent dividend on
~ common stock
Inland Cotton Market.
he Houston (Tex) Chamber Of Com
$40 is ambitious 10 maintain HoustOn's
-,ston as the largest inland cotton mar
-, q, the world To realize this ambi-
-, &, oOo 600 worth Of stock has been
.,sc,,cally sold, and it has been planned
- absorb nearly every cotton plant In
worston. which will be used IN construct
,,- .he first unit Of the greater plant.
IN. citizens Of Houston formed them
s.v.s into committees 10 dispose of the
stock
Strength Of California Banks.
According 10 the State Bank Superin-
..ndent Of California. the aggregate in
s,v,dusl deposits in the San Francisco
hanks on January 81 last were $224,22G
900 as compared with S215,575.000 on
rshruary 2. 1912 The report says In
Guiding both national and state organi2a-
aons the banks Of San Francisco hold
,otal Of :Sl5 900. 600 20 the credit Of in
Siyidual depositors and nearly SGS.0oo.ooO
"a the credit Of other banks. This is
soualled BY no other city west Of the
Mississippi River. The nearest approach
1.st~ef l.
from reports as Of June IA. 1922 showed
in the aggregate S2O7.041.000 OF individual
de,osits and s1o5.O9SOOO deposits Of
banks. The total banking resources OF
san Francisco on that date were $4,000
900 greater than those Of 1t. Louis. Cali
fornia ranks fifth in point Of banking
strength among the states. New York.
Pennsylvania, Massachusetts and Illinois
coming ahead In the matter Of savings
bank DEPOSITS alone California ranks
fourth. being exceeded only by New York
Massachusetts, and Pennsylvania.
spain's Prosperity Last Year.
Advance statistics given in consular re-
ports show that the commerce of Spain in
1912 amounted to s379.014.294, which eX-
eeeds the commerce of any previous year
Of this amount S1SS.547,147 was imports
and $3.50 4G7.147 exports.
The Importation Of live animals shows
decrease Of 100000 aud Of foodstuffs
'l,9SO0O0. while increases are noted OF
sl.C.O000 i'm raw materials and S9,9Oo,0,O
10 manufactured articles. Exports of live
animals decreased $4,000, while an in
crease I'm exports is noted Of $5.150.o0o in
rav materials. $5.OfO.0OO in manufactured
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