New-York tribune., 1902-06-04

ing first preferred Rock Island. St Paul. Southern
Railway preferred Southern Pacific. Sugar Re
fning Tennessee Coal and Iron Union Pacific COM
mon and preferred, United States Steel common ana
preferred United States Leather preferred Wabash
preferred Western Union and Republic Steel COM
mon and preferred, 31a per cent
INCREASED DEMAND FOR REFINED
SUGAR. Refners as well as brokers report an in
crease in the demand for refined sugar 1t is
hoped that the market is on the eve of very
active demand, which should under ordinary
conditions have come two months ago Some
hurry orders have been received. which indicate
that certain buyers very anxious to get hoId
of some sugar. Meanwhile there no surface IN
dications of any change in list prices aIthough
any day may bring forth conditions Wnlch would
cause reners to change their prices. The position
of the raw sugar market at home and abroad re-
mains practically unchanged. Large offerings OF
sugar are made. and refiners are ready buyers
of the sugars offered.
STEEL SPRING MERGER.-A joint meeting of
the stockholders of the Railway Steel Spring Com
pany and the Steel Car Wheel Company was held
yesterday in Jersey City At the conclusion OF the
meeting it announced that the stockholders OF
both companies had decided to ratify the merger OF
the companies proposed by their directors
as set forth in the circular issued under date of
May 8. There was opposition to the merger 1t
decided to increase the board OF directors from
eleven fifteen which includes the following:
Samuel r. Galloway, julius Z. French, Truman H.
Newberry. Charles Scott, Charles Scott jr-, Frank
S Laying. George B. Sloan, Jr.. Frank B. Smith.
S l. Schoonmaker. Philo n. French. William II.
Sberthorn, James c. Beach, J. w. Fuller, G. W.
Barnum and General Charles Miller Charles H
HaIcom, who director in the old board re-
signed.
CANADIAN PACIFIC.-It is said in Toronto thal
the dividend Canadian Pacific stock for the haI1
year drawing to a close will be } per cent ana
that of l per cent will be paid out OF lana
sales fund thus placing the stock of the company
on a per cent basis There will be a clear surplus
in the land fund OF the company Of between $|"oW0
and $S000,0O0 by June 80 To pay a per cent DohuS
it would require $650.J0
COTTON CROP REPORT.-The government cot
ton report shows a condition Of 951s per cent
against Sl1a per cent year ago. and as there mas
practically been decrease in acreage the pros
poets favor one of the largest cotton harvests on
record Barring later damage to the crop the yleld
this year should be least 10000 bales in excess or
last years crop while its export value should serve
to offset the loss that will result from the small
amount Of winter wheat that will be available for
export this year.
PENNSYLVANIAS BIG Observation-Disclosures
Of Pennsylvania Railroad lines directly oper-
ated east of Pittsburg for April show a gam III
gross Of 1857 300 and gain in net OF SSS5,otN On
lines of Pittsburg gross increased $bo"6n ana
a55.2OO, From January gross earnings OF the
whole system have increased $4,6l690 and net earn
ings have increased $1,U9l.+00.
AMERICAN SUGAR Observation-Disclosures OF
American Sugar Refining have declared the regular
quarterly dividend Of IA per cent on the common
stock. On such portion os the preferred as Is en-
titled to semI-annual dividends the regular S2 per
cent has been declared, and on such portion as IS
entitled to quarterly dividends the regular "a per
cent
GEORGE A FULLER COMPANY CONTRACTS
1t is officially announced that the George A
Fuller Company during the last two months mas
taken building contracts aggregating more than
s6OO00 coo in amount
TO RAISE COA1AIIssIONS.-The board of gov
ernors of the Consolidated Stock and Petroleum
Exchange held meeting yesterday afternoon ana
voted 10 raise the commission fractional lots OF
stock under fifty shares from 1-l6 to Is per cent
This change will take effect Monday, June 10.