New-York tribune., 1901-11-19

! s <o- American Locomotive stock,
and insiders expressed themselves as cohiioe
an important further advance In the price "ou11
be witnessed When the company was orea
+h owners of one of the principal plants acqufeu
were given the option OF receiving payment ~ o.
or in equal amounts of the common stocA a.
and the preferred stock at S. They TOOK 'ne 50 80
and in addition, have since been buyers " - -.
.o,, !, the market The company has ORDERS ~
the extent of Its capacity for year 10 .oi'ie' Gu,
.h.se orders show a profit of $1,000 10 VOW OH can
locomotive turned out. By the emo OF It's ~
~ - oo-,nspy will have increased its capacity
n . $40 locomotives a year With such an ou'p
the company will be able to earn ahowlns d .s poi
of only 5000 on each locomotive, the 1uil aEiue.
=, the preferred stock and an additional amount
eoual to IA per cent on the common STOCK
MEXICAN NATIONAL-The plan for the reao
iustment of the finances OF the MeAl'a o. 'ae
pathway Company has been declared opeia'
The time for the deposit of stock ana oolius nas
- r+and.d to November go inclusive. Holders
of prior lien bonds not yet deposited are no io"s
entitled TO the bonus of SIS per oono' anu iioe -
,. +ba+ the per cent forty year first mortgage
r,as will he maid off June l. l02, anu GAN
Id Moro than ~ per cent of the second mort
gage per cent series A bonds, b oohus' '
ner cent income mortgage bonds ana iiioi. A.
as ar cant n, the stock certificates have been oe-
os,.ad under the plan. There Is an active denahu
In the outside market for Mexican 1Na'io'1
curtties. , of the
SOUTHERN PACIFIC.-Gross earnings Oh ,Ae
Southern Pacific for the month OF Seplen'ei III
Owing to large increase in operating expenses nc
earnings increased only s61651 In addition 10 'he
gain in operating expenses the coihp' 80
s7S5 O4 on betterments and additions, leaNihs d SUI
Mus for the month of s4S0,S0- In the three lnoh'S
of the fiscal year to September 80 szSz''ioo was ca
nended on betterments and additions, oesloes ree"
lar expenses of s3.os3. .7s. Surplus after charses
for three months was S,6l2W4
AMERICAN CAR AND FOUNDR1-Vlce-Chair
man w K Bixby Of the American Car and Foun-
drv Compauy will in all probability succeed VIII
lam Mcmillan, deceased, as chairman OF the ooaiU
of directors. The American Car and Founory ooii-
pany is now earning net at the rate OF @''O"o d
month, as against s175000 at this time a year aeo'
Orders for new cars are heavy and the company
has Just received large contract from the L@acAa
road.
GOVERNMENT BUYS BONDS.-The Sup-Ireas
rv has disbursed 521 to cover slbSo"o Unlteo
c,a+es 4s of 1925 purchased from Fisk & Robinson
It was reported that offerings equivalent TO sz0oo
600 would be made to-day.
AMAIGAMArED COPPER.-Amalgamated Cop
per was bought on a bull tip from Boston advising
the purchase of the stock for a considerable ao-
vance 1t was said that Standard Oil interests were
buyers. Trade reports. however were bearish-
MISSOURI PACIFIC.-Mssouri Pacihcs earnings
for September showed gain IN gross of s27Ss2o ana
a decrease in OF s107,49o as compared with sep
tember year ago Since January l gross earn
ings have increased s3.53o,2ss and net earnings
81 ,SO7.
made new high record. selling TO $40. an advance
of 80 points from the last preceding sale DeelnsS
in the stock Sic shares
TOLEDO. ST. LOUIS AND WEsTERN--l1 mas
been noted in Vermilye & Co. and Halsarten q
90 g c,rcular Offering Toledo, St Louis and West
ern prior lien 31a per cent gold bonds that the
earnings for the first three months OF the current
fiscal year were for the first time reported Ihey
show an Increase OF S65.514 for that PERIOD eQuai
10 over is per cent From this showing II seems
certain that the earnings this current year Will
be considerably in excess OF last years earnings
and that the interest the prior lien 3a per cent
bonds Will be earned at least two and one-haii
times over.