Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-29
AND BEARS

NEW YORK, June 29.-Reading's increase
In surplus alone for the fiscal year ending
June 30 will more than cover the per
cent dividend on the common stock. The
increase In surplus for eleven months end
ing May 81 was $2.0l2 $50. trifiing frac-
ton less than per cent on the $70.O00UD
of common. The total surplus for the eiev-
err months was s9.6se. sss. about Z per cent
on the total capitalization. while the Vo.-
OOO,OOO Of first and second preferred are en-
titled to per cent dividends only. The
coal roads generally continue to make good
exhibits. The Ontario and Western sur
plus for May Increased sB3.81s. and for
eleven months increased $388.312. The Le-
high Valleys May surplus. after additions
and improvements, increased $27i,71f.
u
A movement in Consolidated Gas. Peo-
pies Gas and Anialgamated Copper is said
to be talked of in important quarters. Such
II movement would undoubtedly be re-
Elected as signifying the attitude Of the
se-called Standard OIL party.
Further signs of the establishment OF
harmonious relations In the railroad world. .
are seen by Wall street in the addition OF
George F. Baker and E. III. Hartman 10
the Erie railroad executive committee
which was enlarged from five to seven
members in order to admit them. The
election OF Mr.. Hartman to so prominent
a place must certainly be regarded as
matter of some moment and significance.
X * x
The Pennsylvania Railroad Company's
statement Of the coal and coke originating
on its lines east of Pittsburg and Erie for
the week ended June "a. with comparisons.
follows:
june q. june =; June Is:
saSs1 toms
Coke. short tons. $50. .24l 5.26s,O8 4144,345
Totals ........... s5s 1893 20, So, 445 1914s,610
x
The Seaboard company gives notice to-
day to the holders of Morton Trust Com
of the Seaboard company that the Sea-
board company is ready to receive sub
scriptions for its first preferred stock at
par on the terms set out in the modified
plan dated May 16. Every holder of GER
tificates of deposit warrants desiring
to subscribe must within fifteen days sign
an agreement at the Morton Trust Com
pany New York. or the Continental Trust
Company. Baltimore. or the Old Colony
Trust Company of Boston, to take an
amount of preferred stock not greater than
that for which he Is entitled to subscribe
and to pay for 1t at par In five equal In
stallments, payable at intervals OF not
less than thirty days, and must pay at
the time Of subscription one-fifth Of the
amount OF SuCn SuDSCTlptloL. IHc oc1i-
board company now calls for the payment
of the first installment Of 20 per cent on
the subscription price, which must be
made not later than July %, and for the
second inStallment or ~ per cent on Au-
gust %.
The following statement of capital. lia-
bilities and assets of the American COTTON
Oil Company and the corporations IN
which it is interested, as of March 81 last,
has been submitted to the stock exchange;
Assets-Real estate, buildings. machinery.
etc. S12 S04, 964; cash in bank, s.. 55'S2i'
bills and accounts receivable, $2,91O.sS6:
other quick assets. s.. $50. 45S: balance. rep
resenting good WILL contracts. leases.
trademarks. patents; etc. saoon 10 Stock
500 OF 100: preferred stock, $40 19S,6Oo; de-
benture bonds. $3,000,0o0; bills payable.
s5155 900; commercial accounts, Sllio,5o4,
interest accrued for two months upon De
bentilre bonds, $4,000: total. $a9. ,oo4
The proceeds Of the sale of the present Is
sue OF 81, 00O, 600 bonds of November l. lSoly-
listed by the stock e ae aat os yesup,i?
last, to the reduction of the current iiapiil-
ties of the company
The governing committee of the stock
exchange has listed the following securi-
ties: Southern Railway Company, $IoS4'oo
additional first consolidated per ceht
bonds of 1904, making the total hsteo s4-'
II 900. New York Central and Hudson
tional 3h per cent mortgage bonds OF lSol'
making the total amount listed SSo346,ooo'
Stock committee is further empowered TO
add to the list from time to time SlOo4,OOO
additional bonds on official notification that
they have been issued in accordance with
terms of mortgage, making the total
amount authorized to be listed $780,
OOO,OO0: Toledo, st. Louis and Western
Railroad Company, $1O.O00.OO preferred
and S10O00O00 common stock; American
Cotton Oil Company, S2,000,OO0 AZ per cent
debenture bonds of 1915, which, together
with So, $780, 600 debenture per cent bonds
extended at Az per cent to 1915, now listed,
will make the total amount listed $5.000,00O;
Chicago and Northwestern Railway Com
pany $1,000 200 additional common stock
to be added from time to time on official
notification that 1t has been issued and
paid for in full, making the total amount
authorized to be listed $5S $40. 800: Ameri-
can Ice Securities Company. 81, $685. 600 per
cent twenty-year debenture bonds Of 1925.
The committee Is further empowered to add
to the list from time to time. but prior to
September 1. 1905. $S45. 900 bonds. making
the total amount listed 5000 900.
A special meeting of the stockholders of
the Trust Company OF America will be held
on July IA next for the purpose of voting
upon a proposition to increase the board OF
directors from twenty-four to thirty men,
bers, and II the increase Is made then for
the further purpose of electing six addi-
tional directors in three classes for terms
expiring. respectively. on the third Wednes-
day in January, 1906 and one and two
close on July 3.