The times., 1901-05-13

1897, $72, ,O26, and in 1896 $76,9l2
other earnings statements of interest
were as follows:
Northern Pacific
Fourth week ApriI ss45. .6S6 Inc. slA5 45S
/ Month ................. 2Ga6.464 Inc. 257, 1913
/ From July 1-..-....-... 2s.015,99I Inc. l,S60053
Norfolk and Western
First week May........ 2S9,e7s Inc. 88.o26
From July 1.l.......... l3,4525 535 Inc. l,739,7S7
Texas and Pacific
! First week May......... 174154 Inc. 5012j
From January 1........ 4,O9i2sl Inc. 1,1Ss 22l
Baltimore and Ohio system (including the
/ B. & o. SSuthwestern) for April
| Gross earnings.. 3,s39.6I5 Inc 257 s63
! Net earnings. .......... l,23s,597 Inc. 1885
! From July to April 30
Gross earnings S9,o44o6e Inc s.79o,275
Net earnings il, ,I76 760 Inc. $50 742
Pacific Mail Steamship Company for March
Gross $. s. op.... 152, Jos Dec. 81, ,6S3
Total receipts. 164.20S Dec. III, ,SS3
Expenses .............. 327 Dec. q. .255
Deficit ........--....... 26,119 Inc. s., ,I27
Res. I'd. dep. & reps. 29,ll5 .....
Deficit ........-...-... 1924 Inc. 81, 121
This includes trips OF Panama line against
Il trips in 1900.
From May l TO March 81
Gross earn. $. s op..... 2,6ls,9a Inc. 49,0ss
Total receipts......... 2,SS5, ,691 Dec. 576,062
Net earnings. .-........ 52f .924 Dec. 524 ,952
Reserve fund. dep rep 320,265
surplus --.-.-..-----.. 20, ,o59 Dec. 5Zi,g52
A director of the St Louis Southwest
of the board, which occurred in the midst
of Thursdays panic, said Saturday: 1T
was expected that some attention would
be given to the question of a dividend
on the preferred stock, but owing to the
condition of affairs in the financial dis
trict members of the board were anxious
to make the meeting as brief as possible,
in order to get back to their offices, and
the declaration of the second mortgage
income interest Of . per cent was the only
business transacted 1t is expected, how
ever. that a meeting of the board VIII be
called in the near future, on which action
on the dividend viii probably be taken 1t
is expected that this dividend will be at
the rate of per cent semi-annual at pres
ent. bat il is proba bie that this rate will
be increased later on to the full per
cent per annum. The earnings of the
property are regarded by the management
very gratifying. For the nrSt eight
months Of this fiscal year net earnings
were s.. .f05 9tS. This is after deducting
expenditures for improvements. The in
crease amounts to $925.lSS. II Is expected
that the last three months OF the nscai
year will show net earnings of at least
5000 600 making a total of S3,000000. TO
which viii be added miscellaneous income
Of about 100000 making total net earn
ings $3,10O.000 After fixed charges the
balance viii show 5 per cent on the pre-
ferred and 3]2 per cent on the common
Important plans are being carried cut
in regard to the American Smelling and
Refining Company and the Amalgamated
Copper Company. one of the first cases
of inside disa greement since the bull mar
ket began was concerning the method Of
handling the sales Of the American Smelt-
ing Company and the question of upon
what basis a consolidation was to be ef-
fected with the Guggenheim plants. In
this fight the Standard Oil clique won,
even though it was necessary for II. II.
Rogers to resign from the directory of
the smelling company Actions which
had been brought in court to enjoin the
carrying out Of the consolidation deal
were abandoned when the smelling com
pany agreed to renew its contract with
the United Metals Selling Company, by
which the latter handled ali of the prod
uct Another suit. based upon the same
lines, was brought later and is now pend
ing but il sought to prevent something
which had already occurred, and an in
junction cannot be retroactive. AS mat
ters now stand the insiders have sue
ceeded in accommodating all Of the stock
Of both the Amalgamated Copper Com
pany and the American Smelling and Re
fining Company. which they desired. The
last blocks were picked up in Thursdays
panic The Standard Oil clique now has
the copper and smelling situation well
in hand. and within very short time
some important announcements may be
expfcted covering these allied industries
which will lead to the undisputed control
by one corporation OF the great copper
mining and smelling concerns which are
already dividend earnerS. In the consum-
nation of this deal Senator Clark viii be
found in the Standard Oil column, and the
output Of the United Verde Mine. which
selling agents as the Rockefeller proper