New-York tribune., 1902-03-09
WALL STREET AND EXCHANGES.

NO FOREIGN BUSINESS.-The London Stock
Exchange was closed yesterday and nothing was
done in the New-York market for London account
RAILROAD EARNINGS.-Gross and net earnings
Of railroads in the United States in 1901 have been
compiled by The Commercial and Financial
Chronicle" For 157 roads the gross earnings aS-
gregated $522 800 165 increase Of $lSS9'362l or
1905 per cent. Operating expenses were SS95Sib9So
an increase Of $74173O9 or 500 per cent Net earn
ings were $52s962,1S5 an increase of %4NOoSo' or
1886 per cent. The results cover an aggregate or
166 491 miles of road The whole system OF the
United States may be said to embrace, roughly
100 600 miles II accordingly appears that about
3250O miles Of road not represented In the
totals. If returns were all III, covering all the
roads in the country. the Improvement in the gross
for the year would probably reach a550oOOo and in
the net S7OOOOOOO. The gains during the year con-
tinued through all the months, and they were
large too. each month until December, when bad
weather impaired the showing.
PACIFIC MAIL.-It is said that negotiations be-
tween the Panama Railroad Company and the Pa
cffc Mail Steamship Company for renewal OF
traffic relations are progressing satisfactorily. The
Korea one of the large vessels being built Tor the
Pacific Mail company at Newport News, Will De
given a trial time this month"; ana II Is eN-
pected that she will be put into service about
April !. The vessel has a capacity OF between
1900 and 1900 tons and will be placed In the
China service A sister ship. the Siberia, with the
same capacity, will be ready two or three months
later.
AMERICAN BRIDGE-The American Bridge
Company reports heavy contracts to be filled this
year. The policy of the company in accepting or
ders is make its agreements for delivery such
that it Will be possible to accept small current
orders for quick delivery at any time The result
OF this policy is that the company does not find
itself obliged refuse rush orders from the rail-
roads and building contractors.
EXPORT LUMBER.-Walace 3. Flint and AL
fred Delenys have resigned directors OF the Ex-
port Lumber Company. James Il. Ford, of New
York; Lester Leland. OF Boston, and Arthur L.
Kelley, Of Providence, have been elected directors.
Mir Ford is treasurer OF the United States Rubber
Company, Mr.. Leland is treasurer Of the Boston
Rubber Shoe Company and Mr. Kelley IS president
of the Rubber Goods Manufacturing Company.
The Export Lumber Company is now doing busi-
ness Of 3JJClJC0O feet per anuum.
NIRGINIA-CAROLINA.-T talk of a consOli-
dation Of the NirEinia-Carolina Chemical Company
with the American Cotton OIL Company continues,
but Is not confirmed. An interest identified with
the Virginia Carolina company says: The \ir
EInia-CaToliua Chemical Company is doing a large
business ana is making good profits OF it's
ton oil business into which il has gone extensively
In connection with the manufacture Of chemicals
and ammOniatcs. The sharp advance in the price
Of cotton the last few weeks has greatly stimu-
lated the demand for fertilizers"
TO BECOME MANAGER.-Leon II. Kronthal.
well known in Wall Street as bond broker has ac-
Cepted a proposition from Spcycr & Co TO become
manager OF their bond department.