New-York tribune., 1902-02-06

dividend basis
EXPRESS STOCKS.-Express company stocks
were strong on the report that the companies had
reached an agreement for uniform rates Il was
again denied that n consolidation of the leading
companies being arranged.
PEORIA AND EASTERN.-It is said that the :
per interest on Peoria and Eastern income
bonds will be declared II so. the coupon VIII
be paid April l.
IN THE UNLISTED DEPARTMENT-The fol
lowing securities OF the United States Reduction
and Refining Company were yesterday admitted 70
quotation in the unlisted department of the New
York Stock Exchange: S3928.3Co per cent nom
cumulative preferred stock S. SS50OO stock
and 100000 first mortgage per cent sinking fund
gold coupon bonds. due 1881.
WABASH.-It Is intima ted that control of the
Wabash Railroad may he secured by the Missouri
Pacific through exchange of Wabash debenture
r bonds for bonds to be issued nv the Missouri
Pacific. by its subsidiary line. the Iron Noun
tain. The Wabash debenture Bs have voting power.
BANK CIEARINGS.-'The total Clearings AZ eiSh-
ty-fve cities of the United States for the month
Just closed, as reported TO "Bradstreets. is $40
611 III o9s sum per cent larger than the agSre-
gate for December. 1901. and only six-tenths OF
per cent less than in January year ago. Com
pared with January. 1900 two ago the total
year 80 per larger; 1899 the gain Is
q per cent and the January 1902, aggregate is al
most double what It was in January. 1895 five years
ago
DIsTILLING OF AMERGCA-The Distiliing
COMPANY of America reports net earnings OF SS'n'-
427 for the six months ended December 81, l9]l, q
gain of S599.9s6 over the corresponding period in
1900. The company's report says: The net earn
ings OF the constituent companies for the SIN
months from January to June 30. 1900 were $S1''-
$40 and for the same six months ending June So
1901 the net earnings were $.3l1 .SS II VIII he
noted that the larger part OF the profits of the
constituent companies is earned in the second half
of the fiscal year. owing to the fact that distil-
Ieries in Kentucky do not begin operations unth
December of each year The current assets eN-
elusive of real estate plants, etc, of December
81 1901 were S4 tg o. and the current liabilities
consisting of accounts and bills payable were
81 762 979 So showing net current assets of $2'5+-
2SS 70"
DIAMOND MATCH.-President Earhor Of the
Diamond Match Company says in his annual re-
port: We have succeeded during the year i'm
making a combination with the sreat English
match manufacturers. Bryant & May, on basis
entirely satisfactory 10 the management and,
presume. to our stockholders. All the benefits Of
this combination inure to the Diamond Match
Company as the Bryant & May Company receives
it's share of future profits the same amount
per annum that they had earned in 1900 which was
the lowest per cent they had made on their prop
erty I'm many years. 1t is the opinion of the man
agement that the value of this transaction to the
Diamond Match Company is $1O00.0OO none
OF which enters into the statement submitted to-
day as a profit Our foreign investment account has
not been Increased on account of this combination
It is believed that by the introduction of our
Chinery into the Bryant & May works a large in
crease I'm earnings be made
COAL TRADE.-'The Coal Trade Journal says
that the demand for fuel of all kinds greater
than usual at this season the supplies taken in the
fall months having been used up to extent that
neither consumer. miner carrier had counted
upon. At the time there is appreciable
increase I'm the wholesale asking price. for good
and sufficient business reasons. Chicago is likely
To be good market for all the hard coal that can
be spared IN that direction. That centre is so dis
cannot be quickly made good. Just now the trade
seems to be hguring upon much brisker demand
in February than that OF January. In nearly all
OF the gas belt towns and cities the limited supply
has compelled recourse to coal and wood
GENERAL CHEMICAL COMPANY.-The Cen
eral Chemical Company has declared annual
dividend OF per cent, payable in quarterly install
ments. beginning March l.
NOTICE TO HOLDERS-The Chesapeake and
Ohio Railway Company, guarantor. gives notice
holders or the first mortgage bonds Of the Eliza
bethtown. Lexington and Big Sandy Railroad Com
pany that the principal Of those bonds is due on
March 1, which date they should be surrendered
10 the fiscal agents of the company, J. p Morgan
& Co, who will pay the principal and maturing
coupons. Interest on the bonds ceases on the date
mentioned.