New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-11-01


admitted trat the companys earnings Will De neaV'
this year but the policy of the management Is u
make large expenditures out of surplus above pre-
ferred dividends the property. The preIerreo
stock Is on a 5 per cent basis calling TOT oFe
IS 100000 a year and a small dividend on the
common would require large amount OF money as
the outstanding common stock amounts TO sio2'
coo 900. IT.,
SOUTHERN PACIFIC.-Expectations OF a oiv
dend on Southern Pacific being encouraged ~
certain people but a decrease in the corhPan' .
net earnings OF sl2S246 In September suggests nc
the directors will consult earnings rather thah sp
ulative sentiment in discussing the questio" o.. z
dends. r. Fl. Bissell was an active puSei' .
& c. Randolph were heavy sellers - i"
of long stock was sold.
NORTHERN PACIFIC.-Northern Pacinc was
sold for London account. but sales were d as.
by a good class of buyers 1t was salu NO "
siders were buying F. NJ. Lockwood n, =,
gan Content & Co. Fairchild, Watson q blo"n
bouqnt T. wormser sold The short interest
In this stock is large. Reports were put ou' Se'
terday that the voting trust would be dissolved.
SOUTHERN RAILWAY-Net earnings OF the
Southern Railway increased IN September 1884. as
compared with the same month year ago ror
the three months of the fiscal year the increase III
net has been s24 345. The companys gross earnings
have increased in the same time $4Sl.S4o "hlie the
nercentage of expenses to earnings has been oS.9
against 672 in 1893 The Southern Railway Is
snandin1 money on its property and increasing the
actual value of It's securities
ST LOUIS SOUTHWESTERN.-N dividends are
to be paid on ST. Louis Southwestern preferred this
wear but earnings warrant the expectation of divi-
dend returns in the next fiscal year. The manage
rnent company is conservative, and is think
ing more of the welfare of the property than or
spectators wishes. Both the common and pre-
ferred stocks have enjoyed considerable market
Improvement
GRANGER STOCKS.-The granger shares
strong features excellent class of buying st.
Paul was taken by banking house for investment
account. Burlington was in good demand. Flower
& Co., F. F. Ames and j. NJ. Shaw & Co. bought
St Paul. W. L. Stow & Co. bought Burlington.
TO LIST PENNSYLVANIA STOCK.-Applica-
ton has been made by the Pennsylvania Company
to have it's stock placed the regular Stock Ex-
change list. Dealings have been in the unlisted
department.
SUGAR REFINING.-sugar Refining stock
bid up by traders who anxious to catch the
so-called Consolidated Exchange crowd that is
heavily short Of the stock. A few stop orders
were caught on the advance F. w. Savin
an active buyer. Trade authorities agree that the
earnings of the American Sugar Refining Com
pany are not heavy enough warrant in
crease in the dividend.
STEEL SHARES.-The steel stocks sold
for Western account. but insiders reported
buyers. Federal Steel has been absorbed by
good class of operators and interests identified
with the companys management bullish on
the stock.
PEOPLES GAS DIvIDEND-The Peoples Gas
Company of Chicago has declared the usual
quarterly dividend of ~ per cent payable Novem-
Der "a
PENNSYLVANIA DIVIDEND.-Reports that
the Pennsylvania directors will increase the diWi
dend the forthcoming meeting are not credited
in well informed circles.
ELECTED DIRECTORS-Wam H. Baldwin,
jr.. and w. Fl. Mcintyre were yesterday elected d.
rectors Of the Equitable Life Assurance Society.
Mr. Baldwin is president OF the Long Island Rail-
road Company. and closely connected with railroad
interests in the East. Mr.. Mcintyre has for more
than twenty years occupied confidential position
with the society, and for many years private
secretary to the late Henry B. Hyde president and
founder OF the society.
CHOSEN A TRUSTEE-E. ]. Berwind
elected a trustee of the American Surety Company
yesterday Mr.. Berwind is prominent coal oper-
ator and capitalist
TO PAY DIYIDENDS.-The Knickerbocker Trust
Company, Winslow. Lanier & Co.. Farson. Leach &
Co., the New-York Security and Trust Company.
y. w Harris & Co and the Farmers Loan and
Trust Company viii pay dividends number OF
securities. lists OF which will be found in another
column.
OFFER TO NVESTORS.-Goldman Sachs &
Co. offer to investors selection OF high grade rail-
road bonds, advertised in another column.