New-York tribune., 1907-06-23

gia Railroad and Banking Company, regular quar-
terly - per cent payable July Is; American Brake
shoe and Foundry Company regular quarterly l
per cent the common and IA per cent on the
preferred. payable June e.
PACIFIC COAST COMPANY.-The fiscal year
Of the Pacific Coast Company. which closes June
gross and net earnings The company has largely
recovered from the effects of the San Francisco
disaster, which cut very seriously into the earn
in6s Of the last quarter of the 1906 year. Up
April the gross receipts Of the Pacific Coast
Company s50l,330 in excess of the corre-
spending period Of last year. while net earnings
were running practically neck and neck. with
slight increase c! Sl5,7S0 the preceding year
April this year. however. showed gain of SI52-
April. 1905. Traffic both north and south ordi-
narily runs heaviest in the last quarter OF the
fiscal year. In fact for the last two years the
company has earned its fixed charges and divi-
dends during the first eight months Of the year,
leaving the balance OF net earnings for the last
four and best months Of the year 10 add to surplus
earnings or apply to construction expenses.
RAILROAD GROSS EARNINGS.-The total
gross earnings Of ninety-one railroads for the
month OF April aggregated $142.SS4, 1888. compared
with II5s63.354 IN the same month year ago,
an increase of so7.02l 029 The same roads from!
January to April 80 last amounted 10 $540, 1914
ess against s4sl54593l in the corresponding period
year ago, an increase Of S5s.64S757. For the
second week cf june the total gross earnings of
thirtyeght roads We're SI0.393 O22 contrasted with
$s,s77.s69 in the corresponding week last year,
increase OF Sl,5l5.o53. or l7.06 per cent.
HAVANA CENTRAL PLAN OPERATIVE
speyer & Co. on behalf Of J. Henry Schroeder &
Co. Of London. announce that the plan for the
acquisition Of the common stock and first mort
gage per cent bonds of the Havana Central Rail
road Company dated April 80 has been operative
inasmuch as there have been deposited 1886 375
OF the common issue and $5,357 600 face value Of
the bonds The directors Of the United RAILWAYS
OF the Havana and Rega Warehouses. Limited
nave been requested 20 call meeting of the
panys shareholders be held on or before July
posel.
PROTECTIVE MEASURES BY COAL CO,r-
A
tee, consisting Of Frederick II. Ecker chairrla n
William A. Read. Willard L Edmnster and George
8 Soe all of NeY York. and Francis r. Cooley
OF Hartford, Conn. notifies all holders Of first
mortgage per bonds of the Randolph Macon
Soal Company who desire TO become parties to
the protective agreement to deposit their bonds on
or before June p with the Central Trust Com
pany of New York.
SUSQUEHANNA IRON COMPANY Charles
Brock has been made president and general man
nger and Michael Blake vice president and treas
urer of the SusQuehanna Iron Company This
company is the successor to the Susquehanna Iron
and Steel Company, which went into a receiver
ship in 1908 The new company will have work
ing capital OF S50o03o. Mr.. Brock is president of
the Boonton Iron and Steel Company, one Of the
best equipped rolling mills in the East He is also
president of the Boonton Rubber Works and a
director and large stockhoIder of the Boonton Ma
Ilonal Bank. Mr.. Blake is the sole owner OF John
Leonard & Co, OF the largest iron concerns in
the vicinity, and IS vice-president of the Manhat-
tan Rolling Mill, and a director in several iron
and steel mills.
MOVEMENT OF COTTON-''The Financial
N4IoHcle reports The total receipts of cotton for
me week ended June p at 253sS bales. against
2I775 bales in the preceding week. making the
total receipts since September 1906 9573976 bales
against 7,54469l bales same period of 1906
rs, showing an increase since September !, 1906 of
2o2s,2b5 bales. Weather reports by telegraph from
the South are generally of a favorable tenor. The
temperature has been seasonable the whole,
and where rain has fallen it has been to the bene-
1T OF the plant. Further improvement in the crop
Is reported by many correspondents.
HEAVY OUTPUT OF THE ALLIS-C CHALMERS
CoMPANY.-The s-Chalmers Company during
the month Of May shipped from its various works
653 cars of machinery. increase of twenty cars
over April The aggregate weight of the shipments
for May was 3,772,242 pounds. against 21.6s0, ,S47
quantity of machinery would. If coupled together
make continuous train about eight miles in
length.
READINGS MANIPULATION.-It is believed
in well informed Wall Street circles that under
the long continued manipulation in Reading stock
there is a movement either TO accumulate line
OF the stock or TO distribute important holding
From the action Of the issue and the with
which II always be borrowed it looks as IL
Some process Of liquidation being pursued
with the greatest caution and
J. J. HILL. on FISHING TRIP.-James ]. Hill.
with party OF five or six friends started Fri
DAY for Canada for the fishing trip which Mr. Hill
has taken annually for long time. Among Mr..
HilIs guests this year are George F. Baker presi-
Gent Of the First National Bank; Samuel Thorne
and George Clark.
POSITION OF ARBITRAGE HOCSES-Arbf-
TRACE houses took no position in the stock market
over the end of the week, believing there would
he sul further contraction in the speculative ac-
count open in London in to-Tuorrow's trading be-
fore the opening OF the local exchange 1t is GER
tain that the London bankers will do all they
u discourage anything like extended specula-
i've account over the end OF the half year.
BANK CLEARINGs-The total bank clearngs
or the United States for the week ended June %
tone day estrnatedJ were &.5s73993ll, against ST.
s3Sco7 s29 in the preceding week and 81 ~
q