New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-30

of the Erie Railroad for November make most
favorable comparison with the same period a year
ago. showing an increase OF over solZ'co In gross
and an increase In net of nearly $4,000. AS the
company experienced long period Of falling earn
ings. the improvement that is now being recorded
and the favorable prospects for 1895 will be ex-
tremely encouraging TO the holders OF the com
pany's stocks and bonds.
EARNINGS OF THE READING SYSTEM
Earnings Of the Reading system for November
show an increase in gross OF 81 372 800 for
panes and increase in net OF s7S5.322 For the
five months of the fiscal year surplus after charges
and taxes amounted to s425s.2A an increase OF
sOe42l3 over the corresponding period IN the pre-
ceding year.
PERE MARQUETTE BOND ISSUE AUTHOR
IzED-The stockh, lders OF the Pere Marquette
Railroad Company have authorized the issue OF
se5.e000o refunding per fifty year bonds.
Under the provisions of the mortgage there may
be issued by resolution of the directors s5o61OcO
while sl3.175O00 reserved for extensions and
betterments and $40 774OO0 reserved 10 retire the
same amount of present outstanding bonds
LEHIGH VALLEY DIVIDEND PROSPECTS
Adyices from Philadelphia state that the directors
OF the Lehigh Valley Railroad Company are ex-
pected to meet next week and declare dividend
OF or 219 per cent which will be construed
placing the stock upon a or per cent dividend
basis Financiers express the belief that if the
directors put the stock a per cent basis the
company will be enabled TO sell its per bonds
at par.
UNITED STATES STEEI.-The United States
Steel Corporation inquiries out for from 10000
10 1000 tons of Bessemer pig iron for January and
FEBRUARY delivery. The concern recently bought
10000 tons at sl5 so ton. but it will probably have
to pay SIG for the new orders
THE FINANCIAL CALENDAR-The Finau-
cal Calendar Publishing Company of PhiladeI-
phia has issued calendar for 1905. showing for
each day of the year scheduled dividend meetings
closing and opening of books. payment OF dividends
ETC. IL also gives the official transfer office Of
more than four hundred of the leading railway and
industrial corporations OF this country The calen-
dar will prove valuable addition TO every business
Office
CANADIAN PACIFIC's EARNINGS-Earning
Of the Canadian Pacific for November show an in
crease in gross of s6O9.O61 and an increase in
OF slsl-594. From July 1 gross earnings showed an
increase of sls4s,2O2 and earnings an Increase
Of s395.1T
CURB COPPER SHARES-Further activity was
reported In Arizona Consolidated. Douglas Copper
montreal and Boston and Greene Copper shares in
yesterdays curb market. The strength in AmaIga-
mated on the Exchange factor in the upward
movement In the curb issues
CHESAPEAKE AND OHIO's EARNINGS IN
CREASED.-Earnngs OF the Chesapeake and Ohio
for November show increase in gross OF S153.157
and an increase in of $1O5,2s4 For the first five
months Of the fiscal year gross earnings increased
s666.sss and net earnings Increased s477.ss1.
WEST VIRGINIA DEBT.-The West Virginia
debt settlement committee. of which John Crosby
Brown is chairman, announces additional deposits
OF Virginia deferred certificates TO a considerable
amount. George f Baker, president OF the First
National Bank. has been added to the committee
UNITED TRACTION BONDS--N. ". Harris &
Co. who, with the National Commercial Bank Of
Albany the Union Trust Company, of Albany; the
New-York State National Bank. of Albany; the
Security Trust Company, of Troy. and the Manu-
facturers' National Bank Of Troy, recently offered
100000 United Traction Company bonds in Albany
and Troy announce that 100000 of the bonds have
been sold. The remaining 100000 bonds are being
offered 1924 interest, netting 43O per cent