New-York tribune., 1902-01-01


preferred Louisville and Nashville. Manhattan.
Missouri Pacific. New-YOrx Central Northwestern.
Peoples Gas. Reading first preferred. Rock Island
St Paul, Southern Railway preferred southern Pa
cifc, Sugar Ten 1essee Coal and Iron. Union Pa
cihc common and preferred United States Steel
common and preferred. United States Leather pre-
terred. Wabash preferred and Western Union. per
cent
PEOPLES GAs.-Acrivtty in Peoples Gas was
reported in yesterdays market and II was learned
that the buying for the account OF inPorl@nr
market interests II is quite generally oeiieVeo tnar
the stock will seT materially higher Ine COM
pany's earnings are ample 10 pay the increased
taxes under the assessment in chicago 70 pay
the per cent dividends and 10 show surplus
Compared with other gas securities Feopls Sas
is selling much too .ow.
READING; EARNINGS Readings November re-
port shows an Increase surplus for the month or
HI26I and for Eve months the increase Is A-o-s-
Os7. a sum which exceeds the full yearly aiNloehu
OF per cent upon the issue Of S2OotHo OF second
preferred stock On account OF the foods the com
pany has sustained sor1e losses in December. but
# the earnings for this month simply hold their
own it will be seen hat the surplus earned during
the second half OF he current fiscal year VII Dc
available for dividends on the common sIoeA-
LIBERTY BANK DIvIDEND--The Liberty Ma
Conal Bank has declared a dividend or per cent
This is the first dividend declared since the Or
ganization OF the bank in 1891. but rom no" on II
IS understood that stockholders viii hereafter re-
ceive dividends the rate Of % per cent year
the disbursements being made quarterly
PARROT DIVIDEND CUT--The ParrOtt Silver
and Copper Company has declared quarterly
dividend OF 80 cents Three months ago 81 was
paid; six months ago 81 50. The dividend Is pay
able January p. The Parrott company Is controled
by the AraaIgamated Copper Company
UNION PACIFIC.-Earnings OF the Union Pacific
for November showed gain in gross Of S60Sss4 and
a gain in net of S5350S4. From July gross earn
ings have increased a.S87 sos and net earnings
S.555.l26
LARGE TREASURY PAYMENTs-Ths Sub
Treasury was a debtor al the Clearing House
81 2zs The principal payments were about
EO0G00 for bonds purchased yesterday and s6o0.Oo0
to the Hong Kong and Shanghai Banking Corpor-
alton. to be transferred 70 Manila for the United
States Army.
NORTHERN PACIFIC-Northe-n Pacific gross
earnings in the third week in December were
s725,75s. a gain of slO2.ssS over the sane week
year ago.
INTEREST DECLARATIoNs--The following In
terest declarations are announced Franklin saw
ings Bank and New-York Savings Bank. S1= per
cent: Harlem Savings Bank and The Eank Tor
Savings. per cent
AMERICAN SMELLING AND REFINING COM
PANY-The executive committee OF the American
Smelling and Refining Company has elected John
Marvel assistant treasurer, 70 succeed Thomas 3
Adams.
SALES OF COFFEE-The sales OF coffee on the
Coffee Exchange for the year aggregated sSSs.7So
bags against 80 bags in 1890 The highest price
for futures was in November. when September.
1902 coffee sold fer Sc The lowest price for futures
was in August. when September, 1901, sold for 46oc
CONSOLIDATED EXCHANGE--On the Can
soudated Exchange the total cIearances OF stocks
for the year Just ended 11S6s.0 90 shares. aS
compared with 90 65s 80 shares 1850 There wera
sold 1000 bushels OF wheat, against 655siSeoo
bushels last year. The transactions in mining
stocks were $4,000 shares compared with LT77.-
iss shares in the preceding year. The bond sales
aggregated $4,000 par value against S4.13aO0 ii
1900