New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-03
Nr,yyopT nA1ry TRIBUNE WEDNESDAY. JANUARY g. 1906

Gross attracted the most following In the Iter-
noon buying An important item in the money
situation is the fact that stock 10 the amount 'i
s2O0000O0 arrived from London by the last mail
This is being delivered and has be paid for, and
of means financing. This to extent
accounts for the continued stiffness of money. A.
Upper & Co. and other houses prominent in
cent successful advances substantial buyers
of Southern Railway. The Morgan interest is not
discouraging the movement, although the opinion
expressed in such circles that the active
speculation likely to be in United States steel
800" LINE EARNINGS.-"Soo' Lines Novem-
her gross earnings Appropriated. S1.Os0000 as
compared with $9140C0 year ago. an Increase OF
l5.9 per cent The October gross s1.20.000 but
October is always a better month than November
or December. The December earnings have not
been made up, but, judging by traffic returns the
ratio of increase maintained The increase in
gross from July to November 80 was 1913 per cent
The increase in gross from July to November ~
was 90 per cent The actual increase In surplus IN
October S2250O and the increase in surplus for
ten months was 81 l02.657, equivalent to 1859 per
cent. The net earnings for ten months were S2,143-
563 as compared with 81 1905 for the correspond
ing period in 1904. The operating ratio in October
was S91 per cent as compared with 1913 in October
year ago. The percentage of operating expenses IN
1905 ran about 80, as compared with 55 in 1904,
decrease of per cent.
ALABAMA CONSOLIDATED COAL AND IRON
The annual report of the Alabama Consolidated
owned by the International Power Company, which
will shortly be issued in pamphlet form. will show
for the fiscal year ended October 81 net earnings or
$3.50 400 go Deducting from this dividends on pre-
ferred stock, interest on bonds, depreciation ana
miscellaneous expenses aggregatng $235.4S4 20 leaves
net earnings over and above fixed charges and de-
probation and preferred dividend Of sS23976 g. As
the total common stockf is s250.O00 these figures
show net earnings over all charges mentioned Of
1923 per cent for the year
TOTI- On T.
Some well Informed buyers of United States Steel
stocks say that the fund will be Increased
to SSO0OOOOO of the earnings of the last quar-
ter and to S10OO00.000 in the present year I'M
Inediately this provision has been made there Will
be distribution to the common stockholders. Such
declaration is expected in july but it is said, no
surprise need be felt If it comes earlier. as the
net earnings for 1906 likely to be s15O,OOo0oo
ANACONDA'S BIG STRIKE GENUINE-Doubts
yesterday were dispelled that Anaconda's big strike
was not exactly reported by dispatches from
Montana which intimated that the value Of the new
body of just discovered was even greater than
at first reported. The gossip rejecting on the trust
worthiness Of the first reports was mongered by
Wall Street traders, who had sold the stock short
and who making every endeavor TO cover thelr
sales at the least possible loss
BANKERS WANT COMMERCIAL LOANS.-One
of the features OF yesterdays money market was
the good inquiry for commercial paper from out OF
town banks. The offerings Of paper, however
were light Collections have been good that mer-
chants are not now compelled to borrow despite
the fact that there is good demand for primo
single names and bills receivable with Endorsements
at rates lower than those which obtain on loans
for Stock Exchange collateral
BIG SUMS SENT WEST-It became known yes
terday that late on Saturday the banks transferred
81 100000 to San Francisco through the Ohted
States Sub-Treasury. Transfers of funds from
New-York to San Francisco not unusual at TINS
season. but the size of the last transfer was I'M
usually large. -
AMERICAN CAR AND FOUNDRY's OCTOBER
QUARTER.-The American Car and Foundry Com
pany reports for the quarter ending October 81:
Net earnings $7f7.739: preferred dividend, s525OOo:
surplus s92.73s; previous surplus s12,5O5746 total
surplus. $12 ,4S5.
EXPORTS OF INTERCHANGEABLE exports of
merchandise from the port OF New-York for the
week ending January estimated at S1.1S5,2S4,
compared with S11 1924 in the preceding week and
$40 2ON85S in the corresponding week last year
From January / 1905, the exports from this port
aggregate s5 81 against s5035 427 in the cor
responding period of last year.