New-York tribune., 1901-08-30

Southern Railway preferred. United States Steel
common and preferred 2la
INTERNATIONAL PAPER MEETING.-At the
annual meeting OF the International Paper Com
pany held at Palmer. directors were elected as
follows: Hugh j. Chisholm, d. o. Mills, Samuel
r. Galloway. Francis B. Jennings, X. NJ. Knowles.
Anson r. Flower, George F. Underwood. Fred H.
Parks A n. Burbank. Warren Curtis Thomas S.
Coolidge William A. Russell and A. Pagenstecker.
These all reflections except two. Mr.. Gala
way the president of the American Locomotive
Company. and Mr.. Underwood. the head of the
woodlands department They succeed W. T.. Spier
and H G. Burlegh, deceased. The directors elected
these officers: President. Hugh j. Chsholm first
vice president, Fred II. Parks: treasurer, A ~
Burbank; secretary, f. w. Hyde. The office OF
second vce-president left vacant for the pres
ent
UNION PACIFIC.-The intrinsic value of the
Union Pacific securities as investments continues
increase, and all issues passing into invest
ors' Although they yield less than per cent
their current price, the convertible As continue
to be absorbed above lo7. The preferred stock
which returns over per cent, is on its way to
par while the common Is still said to be booked
for 40 The company's gross earnings. for July
Increased s3555S9 July year ago. and the net
earnings increased $3O2.124.
LINSEED OH. REDUCED.-The American Lin
seed Company announces further reduction In
the price OF linseed oil of cents gallon. This
makes the price of Western oil % cents and city
oil cents. The decline in linseed oil prices is
said to be due partly prospective large
of faxseed in the United States. Russia and Ar
gentina and also to the increasing competition
between the American Linseed Company and its
rivals The crop of faxseed in sight in this coun-
try estimated by good authorities at from twenty
million to twenty-five million bushels said TO be
the heaviest yield in years
REPORTED INSIDE BUYING OF TWIN CITY
Brokers who have been watching the stock close
ly say that within the last few days buying of a
substantial character in Twin City Rapid Transit
has been noted. One prominent commission house
which confidential business relations with the
among the buyers.
DEND-The Continental Tobacco Company has de-
clared the regular quarterly dividend of ~, per cent
its preferred stock. payable October /.
COLORADO AND SOUTHERN.-The directors Of
Colorado and Southern have declared dividend of
IL per cent the first preferred stock This divi
dend declared from the earnings of the six
months ending June 80 and places the first preferred
stock upon a per cent annual basis. No statement
has been made with reference TO the reported con-
sodation plans.
ST. LOUIS AND SAN FRANCISCO.-The earn
ings of the St Louis and San Francisco for July
show gain in gross receipts of S293917. and gain
in net of sl6s $50. The companys stock
strong feature yesterday.
SOUTHERN'S GAIN.-Southern Railway reports
for July gain in gross Of S222, 800 and gain in
OF s60,4a3.
NORTHERN PACIFIC'S BIG INCREASE.-For
the third week in August the Northern Pacific
shows gain in gross earnings OF Sli1 109, making
from July a total gain of S7s3lS6.