New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-03-28
NETWORK DAILY TRIBUNE FRIDAY. MARCH % 1902.

animal meeting in Tune the bylaws will be amend
ed to require a two-thrds vote OF s'ochilo'N-
ers before there can be bond issue or any o,ns-
form OF Indebtedness incurred. I his VIII De "'Iie
in order TO insure the continued commence u
stockholders in the policy of the directors.
AMERICAN CAR AND FOUNDRf-Ihe meet
ing of the directors of the American car anu
Foundry Company to act on the dividend VIII De
next Tuesday. officially stated that the com
pany has 50 per cent more business on It's DOCKS
than it had this time last year The orders
in the last six months have been largely IN excess
Of the companys manufacturing capacity
PITTSBURG AND LAKE ERIE-The FlttSou's
and Lake Erie Railroad will be eXtenied 10
Brownsville, Penn, from which point survey Is
being made to stanton, the Chesapeake ana
Ohio. Besides giving an outlet for COnuelsVllle
coke and Piusburg coal the new line Will supply
Pittsburg with road A agreement with
the Erie is proposed whereby the PIttsourG ana
Lake Erie can operate its trains through from
Pittsburg to Cleveland, while the Erie can operate
its trains from Cleveland and Pittshurg
UNITED STATES LEATHER.-It is stated that
the reason l. II. Lapham retired from tie vice
presidency of the United States Leather Company
that he is interested in the new steamship IN
terests in which Charles r. Flint is a leading
factor and found IL important to his personal
interests give all his attention TO the steamship
II is officially stated that there VIII ne no
increase this year in the dividend on the preferred
stock of the United States Leather Company. The
policy OF the mana cement is to keep strong IN CaSh
4 per cent rate can he easily maintained on the
present volume Of business. The directors declare
dividends out of the previous years net prohts.
For the year 1901 the net profits were $ib9Z'Sl'-
The preferred per cent dividend calls for 23I1293S
VIRGINIA-CAROLINA. - The NEUTRALITY-SUSPICIOUS.
Chemical Company has declared the twenty-siNth
regular quarterly dividend of per cent on Its pre-
ferred stock. Books close April :, and the divi-
dcnd is payable April 10.
RAILROAD EARNINGS.-For the second week
in March as shown by reports made to the New
York News Bureau. the gross earnings Of hfty-oue
railroads amounted 80 HISS against SS69fSS6 in
the corresponding period last year, an increase or
S722979, or S& per cent. For the tnlra week "f
March the gross earnings Of thirty-two railroads
amounted to $50 against S62972S3 I'm the CORE
spending period last year. an increase Of &36e'' or
3.76 per cent. From July 10 March 2l the gross
earnings of thirty-two railroads amounted to N-77'-
500 7S2. against $235.54326i in the corresponding
period last year, increase of 1896 i'N. or 40
per cent.
\ BOSTON NOTION-A Boston broker, promI-
nent Of course. came to New-York, and when he
returned home delivered himself on the subject OF
the stock market. Il have made canvass OF the
speculative situation in New-York.' he said and
as result feel confident that the future course
of prices viii he upward and especially the rail-
road stocks Leading New-Gork interests say
that while prices may seem high. earnings con-
tinue large and the future looks promising, and as
the big men have the stocks and are in a position
70 hold them there IS nothing to cause any pro
nounced decline in the market The bear forces
that thev do not anticipate any noteworthy money
strinsency; that after April money should flow to
relief of the speculative situation"
NEW UNITED STATES RUBBER DIRECTOR
At Il meeting yesterday Of the board of directors
Of the United states Rubber Company Middleton
: BurrU OF the law firm NJ Zabriskie. RurrN &
Murray. was elected "A member OF the board. to MI
DIVIDENDS DECLARED-Thc American To-
racco Company announces dividends OF per cent
on preferred stock and o. per cent on common