The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-09

E H Gary. chairman OF the board of
directors OF the United States Steel Cor
pOrauOn, said yesterday that work on
Jehe new plant in Indiana wall begin
within a short time. although the plant
may not be finished for several years
Parts Of II viii be put IN operations as
soon as completed The entire expendi-
ture may amount 10 S75.0O0,o00.
Norman p. Mauriac. who on various
occasions made an unsucc essfuI attempt
10 join the stock exchange. was turned
down again yesterday. Mr.. Mauriac,
whose father is one Of the oldest mem
bers OF the exchange, Is a curb broker.
The Vienna Neue Freie Presse states
that an examination has been ordered
into the affairs OF the Auchduchess
C4otiIde. mother OF the Archduke Jo-
seph. who is said TO have lost IN specu-
iauOns on the bOurse S2.o00 900.
Salaries Of officials on the Chesapeake
and Ohio have been increased. George
Stevecs. president OF the road. receives
81. 600 d year, an increase OF $500. Cen
eraI Passenger Agent Fuller. Assistant
General Passenger Agent Bronson. and
other passenger officials get nice ad-
vance. The business OF the road has
/ developed 10 such an extent as 20 justify
commensurate to compensation
The annual statement OF the Mutual
Life Insurance Company for the year
ended December 81 was made public
yesterday. Il shows that the MutuaTs
business in the year of the insurance
scandals fell of more than 81, 009. coo.
The total amount of paid for new bust
ness IN 1904 was SIS. $50. $50. The exact
amount of paid for new business in 1895
was $lSl. $50, 64S-
In the report OF the Manchester Ship
Canal Company IT is shown that 1876
has been q memorable year for the com
pany. The new dock. which Is 200 feet
long. affords accommodation for the
largest ocean steamer Traffic FOR the
year amounted to more than 100000
tons. and the profit for the year amount
ed to SAC, 335 an increase OF So. 1913 as
compared with 1904
The Pennsylvania Railroad has Just
closed a contract for the purchase of
20 90 tons more of standard section rails
for delivery during the current year,
and il still inquiring for 5000 tons of
basic open-heaTth sections for 1907 de-
livery. although il has never hitherto
used this description Of rails.
II was said in Wall Street yesterday
that the Pennsylvania Railroad Com
pany practically had completed arrange
ments to dispose of serial bonds TO the
amount OI N10-pptNJH- i lie securities 10 De
issued viii be collateral trusts. secured
uDon stock Of the water companies a.
upon contracts between the Pennsyl-
vauia and these companies. calling for
sufficient revenues to the water COM
panies to meet the interest. Both prin-
ciDal and interest will ultimately be
paid out Of the current income Of the
Pennsylvania
The stock Of the Comstock Tunnel
Company. hich took a jump of nearly
400 per cent on the Stock Exchange
Tuesday, after being dormant for many
years, was again active yesterday. sew
eraf thousand shares changing hands
in blocks of from 100 up to 150O the
quotations showing a point difference
between sales The price has advanced
from 12c a share to Acc share since
Monday. The exact reason for this out
burst of activity is something of mys-
terry. though persons identified with the
company say that by reason of i'm
pTovements which have been made the
iDCoT0e Of the cOmDanv Is ex0ected r.