New-York tribune., 1901-06-06

and preferred. American Tobacco common. Conti-
mental Tobacco common Amalgamated Copper.
Manhattan, United States Leather preferred.
Brooklyn Rapid Transit. Delaware and Hudson.
Tennessee Coal and Iron, Western Union. Southern
Railway preferred Louisville and Nashville. Balti-
more and Ohio common. Ontario and Western.
United States Steel common and preferred Wabash
preferred S4S12
UNITED STATES sTEEL.-The United States
Steel stocks are being accumulated by the leading
operators in the market and this is particularly
true Of the common stock. which is said to be
booked for a considerably higher price Mr.. Keene
is devoting much attention to these issues. The
company is said to be behind orders in prac-
ticay all departments. In fact, 1t IS reported that
its output fully contracted for the end of the
year and beyond. The beginning of dividends on
the common stock at the same time the pre-
ferred is amply warranted by the earnings. The
market for the United States Steel stocks in Lon
don is relatively good it is here. and accord
ingly the facilities for arbitrage dealings in them
are excellent.
SAID TO BE THE SELLER.-The seller of a
seat the Stock Exchange on Tuesday for s6oOoo
is said TO he Frank Russak late of the firm of
Russak Brothers, who recently retired and is now
abroad.
SOUTHERN PACIFIC COMPANY.-The offices
of the Southern Pacific Company will soon be re-
moved from the Mills Building the Equitable.
where the Union Pacific road which controls the
Southern Pacific has its headquarters.
BROOKLYN RAPID TRANSIT-The efficiency
Of the new management of the Brooklyn Rapid
Transit Company is beginning show in net
suits The operation of the lines Is steadily being
systematized and the outcome will be a material
reduction in the ratio of working cost The gross
earnings expected to increase to a marked
tent this summer interests identified with the
property have considerably augmented their stock
holdings recently.
HEAVY Loss BY SHORTS.-"The New-York
News Bureau SAYS that about weeks aSO
BrO1 of
the room, the whole being somewhere in the neigh
borhood of 100000 shares. The market afterward
irregular for two days but since then has
gone steadily upward. 4 Mills Building firm
heavy buyer around the yesterday, and there
is good reason to believe that the transactions
covering the Broadway FIRMS sales of fort
night ago at a loss Of upward Of Sl.oo.ooo.
SOUTHERN RAILWAY STOCK.-"The Wall
Street Journal says there has been revival of the
rumor in regard to splitting Southern Railway COM
mon but In good quarters little is heard this
subject. Those who have often been we'll in
formed do not information the point Just
present. and do not think the matter is market
factor In these circles sentiment the stock
is so hullish 10 suggest knowledge of sonnet hing
pending. but not generally known. Some houses
hitherto regarded conservative pronounce South
Railway common of the cheapest stocks on
tho list"
SOUTHWESTERN RAILROAD EARNINGS
Missouri Pacific for the last week in May reports
crease of $l9300 over the week A year ago.
For the month the increase was $40 OO0. and for
the fiscal year to May 81, S.s77eo9 Missouri Kan
saS and Texas reports gain for the last week in
May of S177,56i. and for the month Aoo.3oS Texas
and Pacific increased for the week $40 30. and for
the month $207.9
DES MONIES AND FORT DODGE-It is re-
ported that Des Moines and Fort Dodge directors
will meet in few days to declare dividend of
per cent on the common stock out of accumulated
earnings
SEAROARD AIR IINE-Raltimore purchases Of
Scaboard Air Line issues increasing. Earn
mss Of the road continue 20 grow while expenses
being reduced.
OFFER FOR UBSCRIPTION.-Kean, Van
CSrtlardt & Co offer for subscription 50 and
accrued interest. AT which price they yield 46o per
cent. and recommend a desirable investment,
s.. 5000 Central Of Georgia Railway Company
jChattanoosa divsionb purchase money mortgage
per cent hfty-ycar gold bonds. interest payable
June and December principal payable In June.
1851. Standard Trus, Company. OF New-York. trus-
tee Tho total authorized issue is s.. t0o00o. Of
which $500 issued to retire underlying bonds
outstanding and SiG7 90 reserved for improve
obligation of the Central Of Georgia Railway
Company. covering ;he entire property 81 the limo
formerly known the Chattanooga. Rome and
Southern Railroad, and also absolute first mort
sage ON l13o miles NJ railway heretofore known
the Chattanooga and Durham Railroad making
total of about l65 miles OF road and equipment. tho
entire mortgage debt. including tho equipment
mainder of these hords $407 0oo can only he issued
from time 10 time for improvements and equip
mcut. Tho company has no floating debt. car or
engine trust obligations outstanding The sub
Sc~iption books will open June 10 bankers
Offices. and close On Jun" Il at p