New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-08-02

Rock Island. Southern Railway PiSAeiieN' /.
ern Pacific Sugar Tennessee Coal and lron' United
states Steel common United States Leather pre-
ferred Wabash preferred Shelters common anu
Republic Steel common. per cent: Atcnisoh COM
mon and preferred, Baltimore and ONO common.
Canadian Pacific. Consolidated Gas, Delaware anu
Hudson. Erie first and second preferred. Louis
VILE and Nashville. Manhattan. Norfolk and West
ern, Metropolitan Street Railway, Union PACING
common and preferred, aGl per cent; New-fork
Central Pennsylvania. St. Paul. United states
Steel preferred, 1hQa per cent: Western Union.
Shelters preferred. Republic Steel preferred.
American Locomotive preferred fiat.
RAILROAD OFFICERS BULLISH-OrHcers OF
the Western railroads are bullish the outlook
for an increase in railway earnings in the course
Of the next few months. Their opinions based
on tho reports received from various centres re-
garding the crop outlook and the improvement
in the movement Of miscellaneous freight. At the
moment the Western roads are affected to some
extent by the packing house strike. but this factor
is not liable to have material adverse influence
on traffic receipts for the year.
INVESTMENT BONDS IN ACTIVE DEMAND
Fisk & Robinson. in their August circular say
that in the entire month OF July. there con-
tinuous demand for investment bonds. and
doubtedly large portion Of the floating supply of
securities recently held in Wall Street has now
found Judgement with investors. These conditions
have caused a general advance in prices long term
bonds yielding from TO ~ per cent having been
in special demand. The outlook continues salts
factory. with money plentiful and cheap.
NORTHERN SECURITIES MEETINGi.-It is
derstood that meeting Of the directors Of the
Northern Securities Company has been called for
tomorrow. At that meeting 1t is expected that
plan for paying the dividends for the March 81
and June so quarters will be considered.
ATCHISON'S EARNINGS.-Gross earnings OF the
Atchison system for June showed an increase over
the same month year ago of $629.SSl, and an in
crease in net earnings of $37979S. 1t should be
borne in mind that these results compare with a
period a year ago when earnings were adversely
affected by the floods in the Southwest.
TENNESSEE COAL AND IRON.-Tennessee
Coal and Iron enjoyed marked strength in the late
dealings. closing net gain Of nearly two points
The Improvement appeared to be due to buying
based a reported better outlook in the Southern
iron situation.
AMERICAN SUGAR REFINING.-It is esti-
mated that the profits Of the American Sugar Re-
hning Company in the current year will exceed
100000 net. three times the dividend require
rnent Of the company.
OFFER To INVESTORs.-Redmond & Co.. Of
New-York and Philadelphia and ]. w SeIig
man & Co. Of New-York offer to investors 81 .5OO.-
900 OF the first and refunding mortgage "a cent
sinking fund guaranteed gold bonds of the Con-
necticut Railway and Lighting Company. These
bonds due in 1851. and interest Is payable jan
uary and July. They redeemable at los and
accrued interest. The interest is guaranteed by
Endorsement each bond by tho United Gas I'm
provement Company Of PHILADELPHIA which has
years on its capital stock Of $50 10000 The sink
ing fund which has been established will. 1t Is
estimated. retire per cent OF the bonds be-
fore maturity.
These bonds are secured by a mortgage on the
entire property OF the company and by first
mortgage the greater part thereof. The ITS
miles Of electric road owned serves directly nine
teen cities and towns situated along the highly
prosperous and rapidly growing southern shore OF
Connecticut and the valley of the Naugatuck. in
Guiding Bridgeport. Waterbury, etc. The combined
population in 1890 46S74S increase OF IS per
cent 1880.
The franchises OF the company are perpetual
and there are competing electric lines In ths
territory served.
The bonds offered az 9Tls and interest, at
which price they yield 4ss per cent II not called
before maturity, and II called at 1O5 and interest
they yield correspondingly higher rate.
HENRY CLENVS GOES TO SARATOGA-Henry
Clews. the banker. started yesterday for Saratoga
for two weeks stay. Mr.. Clews said IaughingIy
that no did not know OF any good things" but
that he would meet James r. Keene there and
then he might know