New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-03-23
WHEAT.
WALL STREET AND EXCHANGES

FOREIGN TRADING-London did little in this
market The market in London Of a holiday
character in consequence OF the Cambridge Oxford
boat race.
AMERICAN LOCOMOTIVE-The policy OF the
American Locomotive Company is stated 10 be to
apply surplus earnings to improvements for some
time TO come, 100000 having been appropriated
for this purpose. which amount IS being used
in making extensions to the plant at Schenectady
and the Brooks works at Dunkirk. y. Y.
PEOPLES GAS.-Peope's Gas officers maintain
that the recent decision OF the Supreme Court in
the Detroit three fare applies with equal
force to the position in which the gas company Is
placed by the ordinance passed by the Chicago City
Council reducing the price Of gas to 70 cents. The
company IS operating under a charter which per-
mits a OF s. The present rate OF 81 was made
voluntarily by the company.
EVANSVILLE AND TERRE HAUTE.-The fall
ure OF the directors OF the Evansville and Terre
Haute Railroad to declare the dividend recon-
mended by the executive committee IS explained
the ground that the new members OF the board OF
directors DESTROYS OF looking over the property
and acquiring knowledge OF conditions governing
it before they vote upon increase in dividends
The that the Chicago and Eastern Illinois
has taken over and will operate the Evansville and
Terre Haute after April l is denied.
ST. LOUIS OCTHWESTERN.-The circular OF
the St Louis Southwestern Railway Company 20
stockholders asks them to vote upon increase OF
SIS 100000 IN the common stock. This increase IS
made In compliance with the laws or the State Of
Texas. which provide that the bonded debt OF any
corporation shah not exceed the amount Of its
capital stock. The issue OF the new refundng
mortgage would make the total bonds exceed the
stock. 1t is not intended issue the additional
common stock but It is to he left in the treasury
REPUBLIC IRON AND STEEI.-The advance in
the price OF iron and steel bars April will bene-
fit the Republic Iron and Steel Company which
produces very large tonnage OF this class OF ma
terial. officers OF the company say they expect
that the second half Of the company's fiscal year
Will show results equal TO in excess of those OF
the first half when the company earned S221 SOL or
a little less than per cent the common stock
after $S6.426 had been appropriated from earnings
to the Improvement fund. In the statement for
the six months ending December 81. 1901 however
no charges made for depreciation. on De
cember 81 the company had profit and loss
plus OF 81 331, 173
NATIONAL BISCUIT.-It is stated that the bust
ness OF the National Biscuit Company continues to
show gain 1901 "Our efforts" says an OFF,
Ger OF the company. will be confined to America
for the next few years AS a matter OF fact we
have no present ideas Of invading England or the
continent Of Europe Our whole capacity at pres
ent is taxed by the native demand For this reason
we decided to build mills for the manu-
facture Of Uneeda. It is hard to say just when
these factories will be completed as it appears
foundries. The two mills will be modern hreproof
dred hands each, bringing the total OF our employees
to about sixteen thousand We pride ourselves
somewhat on the strictly business lines on which
we run our affairs. and may mention incidentally
that we believe have the best buyers Of wheat
and corn in the country. We watching closely
the principle of turnovers allied to a fair
percentage of profit"