New-York tribune., 1902-03-15

responding period last year, an increase OF
S535 64e. 772 per cent. For the month OF feoru-
ary the gross earnings of sixty-two raliroaos
amounted TO S46O24664, against Ai474lN in the
corresponding period last year. an increase Oh
SIS 563 or 349 per cent For the first week Oh
March the gross earnings of thirty-hve rallFoa"s
amounted to Sss247 704. against 1888 III IN the cor
responding period last year. an increase OF sz'oS''
or 25 per cent. From July 10 March the gross
earnings OF thirty-four railroads amounted 70
$3.50 os3 against S29 01 64 in the corresponding
period last year. increase of $2o72 49 or "ol
per cent.
DIVIDEND INCREAsED.-A dividend of ~
per cent was declared yesterday on southern
Railway Company preferred stock, payable on
April Is. This was increase of Z per cent.
The books close March 25 and reopen April 5
LACKAWANNA.-In the last two years the
Lackawanna railroad has erected 25,77o tons OF
new steel bridge work If placed in line these
bridges would cover and one-third miles.
Their cost has been about s2022O0 To carry out
the betterments in bridge work made necessary
by heavier and faster trains will require DOo tons
of steel an expenditure of 100000, which VIII
be spread three or four years In fact
charges for new bridge work the Lackawanna
railroad have been the largest individual item OF
expenditure in the betterment policy OF that
road
BESSEMER PRODUCTION.-The total produc-
tion of Bessemer steel ingots in 1901 was S,1SSo2
tons against 66S4,77O tons in 1900 an Increase III
1901 of 202S, ,532 tons. The production of 1901 was
the largest on record OF the production 61ei tons
were steel castings, against 6 467 tons in 1900 The
production of all kinds OF Bessemer steel rails
bv the producers of Bessemer steel ingots in 1871
was 2S36.27S gross tons, against 25ol9zl tons IN
1860 and 2240767 tons in 1893 In 1891 the produc-
ton of Bessemer steel rails by the producers OF
Bnssemer steel ingots in Pennsylvania was 1AoWe
gross tons and in other States 143o265 gross tons
In 1900 Pennsylvania produced 1l95'257 gross tons
and other States 1,i66,6 ,666 gross tons.
MONTREAL BONDS oFFERED.-N. W Harris
& Co and the Bank of Montreal are offering a
new issue of S250O0O first mortgage and collateral
trust AZ per cent thirty year gold bonds OF the
Montreal Light, Heat and Power Company The
capital stock Of the Montreal Light, Heat and Power
Company is $1,000 900 and is quoted at present az
about 96 The total amount OF bonds outstanding
on the propertv is So 10000 The company controls
tie entire gas business in Montreal and its suburbs
and furnishes power 10 the Montreal Street Rail-
way. The franchises of the company are perpetual
For the year 1901 the net earnings OF the company
we're equal 10 nearly five times the interest charge
THE CORN PRODUCTS COMPANY.-The virtual
completion of the operations OF the syndicate formed
by Cuyler. Morgan & Co 70 finance the consolida-
ton ot the Glucose Sugar Refining and the National
Starch companies. under the title of the Corn
Products Company, makes the tranactlon the quick
est OF similar magnitude ever conducted in Wall
Street. The Corn Products Company is already
doing large and satisfactory business.
CORN EXCHANGE BANKS REPORT-The Corn
Exchange Bank has issued its statement as OF
March p 1902 showing: Loans and discounts
S2I 3SS IS3 cash and exchanges for Clearing House.
N47S2 Oa2: capital 81 100000. surplus and undivided
profits g. 7SS 699: deposits, 6,63792 The bank now
controls the following branches: Astor Place
Astoria. Broadway. Fifth Avenue, Forty-second
Street, Grand Central. Hudson River. Queens
County University Heights and the Mechanics and
Traders OF Brooklyn. The capital. surplus and
profits Of the bank 100000.