New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-08


tie rs,nessee Coal and Iron was uncertain and
isousA -. &c sill very little OF the stock in tho
heavy Tho minority holdings are, OF course,
narke'- -. hands Of the Gates-Schley pool, which
lAfBess - have paid the Woodward interest price
IS s.1 o,trol which involves considerable conces-
ie' - their part when the pool stock IS put INTO
SONS e- .ose5 merger. The best OK the buying in
he - ctates Steel common was by Hailgarten &
Jni's.o have been rather substantial sellers OF
Co. rs other stocks for some time past As
tbs This buying, there was selling by some
AsAl se-lv committed TO the bull side in a num-
go - pool stocks. Pearl Il Co.. Marshall Spader
R = I'd other active houses were the buyers of
/ -. Coal and Iron the advance. Word
1000 around that there was TO be one more
Fss - s,,,e.ze the shorts and there seems very
fHo.' s1. that the pool holds contracts in excess
~ s-,ornt OF stock available for delivery Ra-
a. zfsn:ce & Co, who took 1900 shares were the
eas' influence in the revived activity in Bruins
ril~F'.5 F. ". Savin seemed to be the leader
F. .. movement in Kansas City preferred There
2 -, sspal dividend talk current
,-.v-TTA AND AICHIGAS.-A committee
$50 49, Of George D. Nackay, W. @. Goabby
: Erlwood, representing about one half Of
- ,,oritv shareholders Of the KanaWha ana
-, Railroad has been formed for the pur-
taking steps 10 induce the directors Of the
y. - distribute portion OF the net profits TO
T0@- t,,,borders The company has enjoyed five
is :, prosperity, and it IS asserted by the
!es. holders that the road is now in a posi-
nm nav a dividend. Heretofore the manage
.as been hindered from considering the
-, ~ the stock because the increasing busi-
= - the road has demanded large expenditures
~ n perfect the physical efficiency Of the
j Earnings however, are now so large
e. maintained by the minority holders that
s.ssa,5 CO Id be paid without weakening the
s,,e,aI position of the company
,,rrR1cAN CAR AND FOUNDRY EARNINGS.
~. ,e+ earnings Of the American Car and Foun-
= -on,ranv for the three months ended with &C
- amounted TO S717, 7Ss, an increase Of Sl2s'Sl
.n,ared with the same period in the preceding
- Far the six months ended with October net
va. - presented an increase Of S2155S9. After
--4s-red dividend for the six months there
balance equal TO about per cent on the
-. stock. It is doubtful Il the net earnings
= .hA last six months represent the actua! earn
a., nover Of the company at the present une OF
a. The six. months to come. 1t should be renem-
- that while the concern has had plenty OF
- from The beginning OF the fiscal year the
.-fsct,rinr profit has been small. owing to the
=. cos+ Of materials Current business is heavy,
Ing about 30 per cent larger than at any preced-
80 lime in the past and it is therefore likely that
- showing in the balance of the fiscal year viii
- much more satisfactory than in The first half
q the year
4soo. EARNINGS Earnings of the
arnliS Il.
'.st week in November show increase Of s37lS9,
.tfnr for the month gain of S45,473- From July
,ss earnings have increased 81, 25OO54 compa -ison
bsl7g made with the same period a year ago. For
,as month Of October the companys gross earnings
,7r-sased s2SS029. while net earnings increased
aSn4
RANK CLEARINGs. - According to "Brad-
st-sstsa the total clearings at ninetyfour cities
.,- the month Of November. twenty-four business
n ~, In
crease over October Of Al Per cent over November q
Of per cent. and over the largest month
r. totsl ever heretofore reported, that of March,
-gr Of l. per cent. Of this great sum New-York
Civ furnished SS5426I 30. or ga per cent as
against 81 per cent a year ago, gain Of 81 per
cent over October. while "a per cent larger than In
November 800
UNITED RAILWAYS OF SAN FRANCISCO
For the first tine the United Railways Investment
Csmpanv OF San Francisco has declared its full
sni-annual dividend of 2is per cent For the first
hEf Of this year the dividend was per cent The
ls,k dividend on the preferred stock amounts TO
saBn. Arrangements are now under way to have
these arrears paid by some sort OF funolng opera
ion.
BOSTON AND SIAINE.-The 100000 per cent
twenty year refunding bonds Of the Boston and
Maine which have been authorized by the railroad
commissioners viii be used in refunding the fol-
lowing: S7.7245J8 per cent Eastern Railroad Ger
ticaes Of Indebtedness. 100000 per cent Central
OIass) bonds. S594So06 per .ent Eastern Railroad
mortgage bonds The first and last issues mature
September I. 1896. and the second issue natures
October ! 1875
MOVEMENT OF MONET.-The local Sub-Treas-
ury has transferred for the banks 10000 to New
Orleans, and has paid 10 the banks $tA,OoO tel
graphic order. against deposits of gold at the
san Francisco Mint
NEW STOCK EXCHANGE AIEMBERS.-Henry
H. Cabeil, Daniel P. Kingsford and Samuel N.
Goldsmith have been elected members of the New
York Stock Exchange
MooDYs MAGAZINE. The first number of
Moodys Magazine a monthly review for in
restors, bankers and men of affairs, has been re-
esiTed. The issue is filed with interesting matter
sor Investors and business in general, the most
noteworthy feature OF the new magazine being
symposium the effects Of the rapidly increasing
output OF gold upon prices. wages, interest, securf
ties etc, The subject which is Of so vital impor-
lance 10 investors. is handled in most practical
way by some Of the most eminent in the finan-
cal Industrial and academic world. The aim of
ae magazine is 70 state important facts plainly.
Tie editorial section is made UP of short articles,
shleA discuss the bond market, fiduciary insttu-
ions In stock speculation, franchises in New-Yo
lefeign investments. insurance scandals and many