New-York tribune., 1902-06-27


Hudson, Erie common. Erie first preferred, Erie
second preferred, Louisville and Nashville, Man
haitian, Missouri Pacific. New-York Central North
western, Metropolitan Street Railway. Peopie
Gas. Reading first preferred. Republic Steel COM
mon and preferred. Rock Island, St Paul. Southern
Railway preferred. Southern Pacific. Sugar Tennes-
Coal and Iron, Union Pacific common Union
Pacific preferred. United States Steel common,
United States Steel preferred United States Leath
er preferred, Wabash preferred and Western Union
2i2Gl3 per cent.
CAR AND FOUNDRY MEETING.-At the an
nual meeting of the American Car and Foundry
Company held yesterday at Jersey City, the fol-
lowing directors were elected: w G- Oak1nan
and H r. Du Val. of New-York and Thomas H
West and Adolphus Busch, of st. Louis. to fill
vacancies caused by the retiring of c. r. Woodn,
F. E Canda, George Hargreaves and Lewis j. Cox
w Il Bixby. chairman of the board. stated that II
the business of the company continued on the
present basis the rest of the year the directors
could with conservatism place the common STOCK
on a 3 per cent basis in November. and hat the
working capital could probably be further increased
by So 100000 by the close of the year, Whlch
would bring the total working capital UP o $io'-
100000 The company has sold d large proportion OF
the securities owned and mentioned in the balance
sheet on which transaction the company made
profit of about $500 900. The total output or cars In
the last year amounted GA 40 The sales OF mis-
cellaneous products in the year showed an increase
of 81 600 the preceding year. The quarterly
statement which will cover the three months
80 OG0 The regular dividends for the quarter
were declared
AMERICAN GRASS TWINE COMPANY.-At
the annual meeting of the American Grass
Irvine Company Robert f. Tod and Jacob RuDlno
were elected to the directorate the latter succeed
ing Herbert Myrick, of Springfield. resigned Inc
date of the annual meeting was changed 10 the
first Tuesday in March The annual report Will be
made public in a few days The statement VIII
show earnings considerably in excess Of the
amount required for dividend payments. The com
pany has decided hereafter to handle its own PROD
ucts instead of employing outside seli1ng agehts
for the purpose. BY so doing it is expected the
company's business will be much increased. IL IS
stated that an associate company will soon be
formed constructing another plant IN Brook
lyn Plans also said to be under cohsloeia'ioii
for establishing a plant in Canada.
DFMORALIZED SUGAR MARkET-Ihe ra"
s,gar market is demoralized. Brokers say that
there is no telling where the market Will drop TO-
Some small lots of sugar were offered To-Day u
refners on the basis of 6-16c for 20 degrees
test centrifugals but refused 1t is the current
idea of the that the next large sales VIII De
made at 31.c That would make a new low record
price. Furthermore. it Is said that the
Sugar Refining Company is interested IN Dreihii's
the price for down, as to establish price
for the incoming cargoes of Hawaiian sugar the
price for which is fixed by the ruling price mere
on date of arrival of the sugar
DISTIJJING COMPANY'S NEW PLAN-De-
posits of stock under the financial plan OF the
Distilling Company of America are shiu 10 oe sat
fsfactorv thus far although few deposits We're
looked for so early as the stockholders have until
July Is TO make their deposits. Many or the large
stockholders have not yet actually deposited thel
holdings but they have sgnifed their intention OF
doing
FRIES EARNINGS.-The falling off in the Erie
Railroad earnings May was due to the coal
strike Gross receipts decreased S3o2H. but net
earnings were only Sc i03 under the same month a
wear ago. From July l gross earnings have in
creased s2oes 76s and net earnings N,SH3S6
ANAIGAMATED COPPER.-It is announced In
BOSTON that the directors of the Amalgamated
Copper Company will declare dividend or one
half Of per cent next month. the same rate as
three months
SOUTHERN RAILWAY - Southern Railway
earnings for Nav showed a gain in of s3i9ss
and a gain in net of 81 552. compared with the
Same month year ago. From July gross earn
ings have Increased 81 $685.. and net earnings
81 .301.
APPLICATION TO DISQUALIFICATION has been
made to the Stock Exchange to list s12oo'co cap
ital stock of the Toledo Railways and Light Com
pany-
FRISCO BONDS DROP-There was little dis
nosirton IN the outside market TO trade in San
francisco { per cent bonds. owing 10 the uncer-
taintv OF their status. The bonds however. were
ooered down over ! per cent from the last sale TO
o. with the best bid 90 and there were no sales
reported It is understood that no settlement has
vet been made with the short interest. and that
the matters will probably be taken into the court
for adjustment
EXCHANGES TO CLOSE JULY 5-The Produce
Exchange and the Consolidated Exchange voted
Yesterday TO close Saturday July D. These were
the last of the exchanges to act All will be closed
the day after the Fourth.