New-York tribune., 1902-08-24
WALL STREET AND EXCHANGES

FOREIGN TRADING.-London diu Ou'
business in the local market Fronts were 'iAen
some Of the stocks that enjoyed 'he si9a
yances during the week
WESTERN UNION.-In connection with 'He i
cent sharp advances In western Cnioii ~ - -
that some Of the larger stockholders nave 49,
favorably impressed by the erect Of tne
economies which portend the practicaolil,y ol an
,,roaso IN the dividend rate TO per cent OASIS
before long Part of the economies recentlS IN
+ro5uced have been due. It is said. to the ei'iia
ton of some highly salaried officials without '''i
pairing the efficiency OF the service
STOCK EXCHANGE NOTICE-The comnl'ttee
~, s.o,rittes gives notice that in accordance WIN
sectton Article XIII of the constitution an con
tracts which fall due on Saturday August w. '''
must be settled on Friday, August ~ ana 'noSe
which fall due Sunday, August 81 ana i''''
september l. must he settled on Tuesday septeih-
ber 2. 1892.
PRESIDENT HILL. ON CROPS.-Presdent J. j
HilI of the Great Northern Railway CoFnpans'
saws that this years wheat crop In Minnesota 'ils
two Dakotas Montana. Idaho. Washihsioh a"1
Northern Oregon will exceed 250"o"p oushelS anu
the Weld of fax and oats will be large fte pre-
diets that Washington and Western Montana VIII
outdo Minnesota and the Dakotas IN wheat p'o-
duction in a reasonable time.
DENVER. SOUTHWESTERN AND fANlr l,
AFFAIRS Large contracts for the equipment OF
ths Denver Northwestern and Pacific Railroad
hay been placed within the last few DAYS '" u
Evans the president. states that large oroer
has been placed in Milwaukee for building neaVy
engines of the most improved type, and for pas
senger freight and other rolling stock 10 iu!IS
equip the road and that he has recently closed
contract for rails All the steel rail necessary
for the construction of the road Will be made III
the United States. Work is progressing rapidly
along the line No Unforeseen occurrences nave
taken place to delay the progress OF the engineers
or builders The road. it is expected, will be com
pleted and ready for within two years
DIVIDEND DECLARATIONS.-The United Glass
Company OF PittsbuTg. has declared the regular
sen1iannua dividend Of per cent on the preferred
stock payable on September 10. The company re-
ports net earnings for the year OF SoS0". The
Rorden's Condensed Milk Company has declared
the regular quarterly dividend of IL per cent pay
able September Is
GRAND TRUNK PRESIDENCY.-A Montreal
disn,t,h saws it is reported there that Charles NJ
t4avs general manager OF the Grand Trunk Rail
way Company will be elected to succeed
Sir Charles Rivers Wilson as president OF the
Grand Trunk system According to the report the
latter will become chairman of the board OF di-
SOUTHERN PACIFIC-Southern Pacific was
one of the most prominent features in the local
stock market throughout the week Talbot j.
Tavlor & Co have issued pamphlet "hich
presents the position of the road in detailed and
elaborate form.
RAILROAD GROSS AND NET EARNINGS
The New-York News Bureau makes the following.
compilations of railroad earnings from official re
ports For the first week of August the gross
earnings of ffty-one roads amounted to Ss.SS65S.
against $s.478.7N In the same period last year, an
Increase of $4o7.S39 4So per cent. For the sec
ond week of August the gross earnings OF thirty
six roads amounted s7.s'6l02. against s7.&1i90I
in the corresponding period last year. increase
of $i91 1875. 61 per cent From July to August
H. the gross earnings OF thirtysix roads amounted
to sf 627516 against s4519747o in the corresponding
period last year. increase of $2,4&oo46, or 5SS
per cent.
The gross and net earnings of seventy-three rail-
roads for the month of June follows:
Changes
30i 500 5is +05 Inc 81 5ss 500
Net earnings. SOB pol .Go3 $23 s22.551
The gross earnings increased 8 SO per cent.
penses increased 1905 per cent and net earnings in
creased 053 per cent
reported follows:
1901. Changes
Gross earnings S642 S54 7i3 S53 1876 25
Operating 653 $50 G5363O3 Inc 81 80 $50
Net s225 o30 s21 7o5
The gross earnings increased per cent. expenses
increased SOC per cent and earnings increased
1915 per cent.