The herald., 1898-04-30

In common with other transatlantic line
ssteamcrs. the Cunard line suffered from
the falling off in passenger trade during
1897 that year being the poorest for some
ycars past The Cunard company reports
that profits for tho year 1897. including
4.lSl II s.. sd. brought forward from 1896,
arc c222i15 s.. 3D., and after debiting in
come tax aud resorving e166 o3S as I'd. for
depreciation of ships and wharf proper
ties and 1900 !S 8. Id. for the company 8
Insurance fund. there remains at the credit
Of the profit and loss account G26 691
rs. 81. This credit has been increased by
q transfer of flJO00 from the insurance
fund to Cal sol IS. sd. out OF which the
directors recommend the payment of fiO,-
600 as dividend. being at the rate of 21h
per cent per annum, free of income tax.
ON the paid-up capital carrying forward
the balance. CT r9f 5s Sd to the credit of
profit and loss account. 1898. The balance
mt the credit Of the insurance fund has
been Increased from c2o2,0oo to e212, 900
0 0 o
The problem of the most available and
efficient method of public lighting still re-
mains to be solved service and economy
being the great desiderata. The plan of
very high towers with clusters of electric
lamps. calculated to light extensive areas
is generally declared to have proved a fail
ure leading To their abandonment: towers
Of l25 to $50 feet, supporting two or four
lamps and placed at frequent intervals
are reported In n few instances as being
successful. but In many others have been
superseded by different arrangement.
The suspension of electric lamps at the
center of street Intersections. the method
most generally adopted has been regarded
as somewhat desirable. because of the su-
perior radiation, but. on the score of ap-
pearance. the mast arm Is pronounced
much preferable. A height Of So or 40 feet
has many advocates as the most effective
I1mDS. ~ showing a.
ence of opinion in this matter, different
cities suspend their lamps anywhere from
s to 40 feet aloft.-Mining and Scientific
Journal.
The American Hard Rubber company of
New York city, with a capital of s.. 500 ,0O0
was Incorporated on Wednesday with the
secretary OF state at Albany. The new
company Will purchase the business of the
India Rubber Comb company of New York.
the Butler Hard Rubber company of New
Jersey, and the Goodrich Hard Rubber
company of Ohio. The directors are Fritz
Achelis. Richard Butler, Charles A. Hoyt,
Albert I. Morse, Edwin w. Belcher, Will
lam w. Weitling and Frederick G. Dow
of New York city, and George r. Perkins
and Henry c. Corson of Akron, Ohio.
The syndicate handling the bonds of the
San francisco and San Joaquin Valley
Railroad company's five per cent issue has
Just made another allotment of $250, 900, at
lR per cent premium, same as the previous
sale month ago. This is the eighth alIot-
ment out of the Sc 100000 authorized, and
increases the amount issued to 81 44O, 900.
o O o
The court of appeals of Maryland held.
in the recent case of Lowndes VS., Clark.
reported in the Baltimore Daily Record.
that shares of corporation are personal
property only, and governed by the law
of the owners domicile. A number of
eases were cited by the court to show that
the law on this subject had long been set
tied in Maryland.