The Providence news. (Providence [R.I.]) 1891-1906, 1895-04-09
How Railroad Earnings Are
Made Up.
Talk Getting Very BuIlish on Sugar
at This Time.
DistilIers Arc Observation-Disclosures
to Open-Financial Notes.
Special to The News.

NEW YORK, April "a report comes
from Chicago that the gross earnings OF
Northwest for March will show decrease
OF about $4,000
When New York Central declared its
dividend March Is last, it stated gross
earnings for the quarter as $780,, 400. OF
course the earnings for the month OF
March were estimated at the
tune. Deducting the reported earnings
for January and February from the above
amount shows that the earnings foe
March were estimated at s., ,55o, 900. They
are now reported as s3,7ls, 40, being an in
crease af 1888, ,420 over the estimate.
There were very confident rumors yes
terday afternoon that the Spirit Dis
tilling Association had disagreed and
that the outlook for maintaining
prices was not favorable. There
was a meeting of the Association which
lasted the greater part Of the day, and
the action Of the stock apparently con-
formed the Chicago report.
The point Is made on G. b. d O., that
Granger legislatures should consider that
B. q. stockholders have for several years
received practically nothing from the
transportation of freight and passengers.
Deducting from the gross revenue the re-
ceipts from mail, express and miscellane-
Gus earnings and there would be not
dollar left for stockholders from carry
ing freight and passengers. Friends
of the company think 1t Is
right in determining what Is
earned on the stock 10 deduct the sinking
fund from charges, and add IL to net rev.
enues of oil kinds. BY doing this
and adding in land receipts
and sinking fund earnings in
and out of the system, and deducting the
Burlington g. Northern deficit, they
mako the earnings of B. & @. stock 4.47
per cent, against 6.62 per cent. last year
and S.37 in 1892.
People that have been keeping close
tabs on the trading in Sugsrssy that both
common and preferred act very we'll. The
preferred could readily be put to par, IL
the Havemeyers so willed, and the COM
mon is a purchase from this on any re-
action.
Traders have swelled the short interest
In Chicago Gas, the dividend on which
will be precisely as was announced, and
the stock will practically become 8 per
cent. dividend yielder.
The dividend on Baltimore & Ohio will
positively be per cent. 1t is doubtful
whether this amount has been earned, or
whether it is conservative of the directors
to pay it. The fact remains, however,
that the board has practically decided to
give stockholders at the rate of per cent.
per annum.
General Financial Notes.
In the negotiations with Westinghouse
the General Electric showed a clean bal
ance sheet with no floating debt.
Standard Oil insiders are taking Gas.
The Sugar refineries will open next
Monday.
Leaders think the market stood up we'll
yesterday, In face of the G. B. g. @. state
ment, the reduction of the Jersey Central
dividend and some disappointment as to
the income tax decision.
London is firm, with gains for oil the
active shares.
The Atlas Distillery, Hanover Distillery
and Globe Distilling Company of Peoria,
and the American of Pekin, have given
notice OF Withdrawals from the associa-
tion. The association meets again Friday.
The Atchison system for March decreased
s60,0s0. The plan Of reorga nization will
be published tomorrow and will be the
same as stated some time ago.
Providence Clearing House.
The clearings OF the Providence banks
today amounted to S992, 900.
New York Stock Quotations.
xtpa aurIfr. NJ