New-York tribune., 1902-01-17
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreig houses were In
active in the local market total dealings amount
ing to about 5000 shares, mostly purchases On the
London Exchange interest again centred IN
the kafflr stocks
UNITED STATES STEEL ANNUAL MEETING.
The nrst annual meeting of the stockholders of
the United States Steel Corporation VIII be held
az the principal offices of the corporation, No. 81
Newark-st. Hoboken. February H. at II m
Among the matters to be voted upon the APP
proval of the bylaws amended. the approval
and ratification of all contracts. acts bylaws pro-
ceedtngs, elections and appointments by the board
OF directors or the executive committee, OF the
finance committee since the organization OF the
corporation. These include the agreements with
J. p. Morgan & Co, syndicate managers dated
respectively March and April l. 1901, and Janu-
a:y B. 1902, the last being an agreement of final
settlement and release. Eight directors will be
elected TO serve for three years and independent
auditors will he selected audit the books and
accounts of the corporation the close of the
fiscal year.
PEOPLES CAST is said that Peoples Gas
interests not worried over the decision in Chi
caso giving the city the right TO make its own gas
rates 1t IS pointed out that Judge Grosscup. af-
ter refusing the injunction sought by the com
pany, withheld permission for the authorities to
put ii into effect until the company has had time
to amend its peadings to show whether such re-
dUction III the price of is reasonable not.
II is confidently claimed that such a strong case
can be made out OF the increased taxation and
the other eXactions TO which the company is being
SUBJECTED that the proposed price OF 70 cents for
gas will be held TO be unrea soma BILE.
ROCK ISLAND EARNINGS.-In connection with
the talk that the Chicago. Rock Island and Pacific
hallway Company may double its capital stock
with view OF building to the Pacific ii is inter
esung 10 note that present earnings OF the road
on its present mileage alone would be more than
sufficient to meet the dividend requirements OF ;
per cent on doubled capital. The recent report
of the company for November and eight months
shows decided gain in gross and net as we'll as in
dividends, surplus. The latter item Is large enough
10 give the company safe margin over its present
dividend requirement. after liberal charges
TO maintenance For the twelve months ended No
vemher 30. The surplus amounted TO 1876 per cent
double It's capital
ANTHRACITE COAL OUTPUT-In the month
OF December shipments OF anthracite coal
year 53s576Ol tons. The output for the month was
not up TO expectations this being the result largely
OF scarcity OF cars the holidays and interruption
caused by heavy rains
ELECTED MEMBER-Francis Henderson. of
Philadelphia. was yesterday elected member OF
the New-Hork Stock Exchange.
ERIE TELEGRAPH AND TELEPHONE-The
annual stockholders meeting OF the Erie Telegraph
and Telephone Company will be held on January 30
TO ratlfy the terms of sale the American Tele-
phone and Telegraph Company. II is proposed at
this meeting 10 reduce the number OF directors
from nfteen To i've and make the length of service
one yea Instead of three years