The Washington times., 1906-03-14

The Butte and London Copper Mining
Company has been taken over by the
Venture Company OF London. This is
the first appearance Of the big London
company III the Montana Mining Camp,
although Il owns big properties IN other
Western States. especially Colorado,
California, and Mexico
j. w. Kendrick. second vice president
OF Atchison. says: Il recently returned
from Texas and the Southwest. and l
never saw conditions better. This obser-
walton applies specially to crop condi-
tions Winter wheat is all right There
is per cent more acreage in Oklahoma
than last year, and as much acreage il
Kansas"
II is feared that when the season ad-
vauces a little there Will be scarcity
OF labor in the Northwest At present
tae labor agencies OF Minneapolis St
Paul. and Duluth. have fewer men about
looking for employment than usual
Railroad work in the Dakotas is planned
on a large scale. and many men viii
be needed
Fred r. Green. cashier of the defunct
F're donIa National Bank. Of New York
CITY. pleaded guilty to the charge of
making false returns to the Comptroller
of the Currency regarding the condi-
tiOn OF the bank before IL failed He was
sentenced TO serve six years IN Auburn
prison
Estimates of the Rock Island and
FRISCO earrings for the month Of Febru-
AIRY Indicate gross earnings for the two
systems OF about 81 OOO. 0O0. or an increase
well over S17oO,OOO. The Rock Island
alone is expected 10 show an increase
of about $1,0O0,O0O, or better.
The net earnings last February were
only $4,000 on the two systems. IL will
surprise the Chicago officials l. they do
not show over Sl.5O0.Oo0 in February. 1906.
Net profits of the Sloss-Sheff1eId Steel
and Iron Company for the fiscal year
ended November 80 show an Increase
Of S7l3,Sl5. After making various de-
ductions, including the first dividend
payment on the common stock Of s375,-
600, surplus OF $36l.O79 is shown. A
decrease In the coal profits of SIUO. $50
is reported, due to labor troubles and
the inability Of railroads to move cars
and freight
Time for making deposits under the
Interborough- metropolitan merger plan
viii expire on Friday. 1t was a matter
OF comment in Wall Street Yesterday
that should Assemblyman Shanahan's
anti-merger bill. which is expected to
pass the Assembly this week become a
law. the Interborough-M Metropolitan
Company, while being entitled TO retain
its present holdings of the stocks of
the various companies viii lack the
power TO acquire any additional stock
OF these companies.
1t seems to be generally understood
though nothing official has been given
out, that the dividend on Consolidate ed
Gas Is 20 be reduced This reduction, II
is said. win certainly be to 6 per cent II
not lower A per cent basis would
mean the saving of 81. 500. 600 per annum
in dividends alone. slightly less than the
amount it is calculated the company will
lose by the so cent rate for gas. There
are various other ways also by which a
saving can be affected. The meeting tc
take action on the dividend will probably
be held during the last week in April
II Is believed that a vulnerable short in
terest. largely of n political nature. has
been built UP in the decline from $50
The income account of the Philadel-
phia. Baltimore and Washington Railway
Company for the year ended DecembeI
81. 1905. shows gross earnings of S14676.-
s04. an Increase of s1.150.44S. Net earn.
ings. however, increased only $685.. 4S7
owing to an increase of SS12. .96I in oper-
ating expenses. Total income increased
1851. .o36, and surplus applicable to divi-
dends was greater by $685. $50. Profit and
loss balance carried over at the end OF
the year was $3.71S.07S