New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-21

,.o,nsnv. regular quarterly oil per cent on
Coi"pnS-rc{srred stock, payable October IS 10
so s.S.' Ne,herand Bank. semi-annual OF per
~" Dsvshle october / TO holders Of record
sepiemoef '''
" Galloway has been appointed
,...nresident and general manager of
-. nsvis Coal and Coke Company TO
onect November 1. Mr.. Galloway is
.he present time general manager OF
colchester Coal and Iron Company.
rha general allotment to dealers Of the
o.,t,rore & Ohio equipment trust GER
''snotcs offered last week on 81 per
~, basis was 10 per cent The price OF
-. issue has advanced sharply and
".a,nr Is now between sos and $40
psr cent basis.
r.,,s advices received in the Street
...,erdav stated that London bankers
v,,ctsd a portion of the s6.5$5,oO0 gold
.,.rsble in that market next week
-..o,s be taken for New Iork. This is
Ia 70 be the largest amount Of the yell
,.r metal ever offered during a single
week
stockholders OF the Fitchburg Rail
.,.a will vote on September "a on is
,,,nr $1,000. 900 bonds to provide for re-
nrsIne $500. 600 bonds due May /. 1914.
,,a for payment Of permanent additions
and improvements.
The income account Of the Colorado
r,sl and Iron Company for the year
,,s.d June 30. 1918. showed gross earn
rys OF s94.315.SSS. an increase Of 1886
,vsr 1912. The total net income was S4.-
yYsss. decrease Of s73.oSO. From this
um s2.s4s.7Os was consumed in charges.
I.vnr a surplus OF s1,727,1s2, loss OF
1905.
The Lehigh and Wilkes-Barre Coal
krompany for the year ended June 80
,,ls reports gross earnings Of s20,62s.-
RAJ an increase OF S1.SS5,940. The
,,,-,s surplus after expenses. taxes, in
,.rest charges sinking fund and other
,.auc,ions was s4.423.051. equal TO Az
Wv cent on the s9.21O.OOO capital stock
,ompared with 26.6 per cent earned on
pne5OO stock the previous year. Tons
=, coal mined and shipped during the
y.sr were 5.lSe.221. an increase OF 1'2oZ'-
,u and 541.559 were purchased. a de-
crease of 144.969. The tonnage sold was
ssTs.37s. an increase of 497.sl4.
FIR the month Of July the New York.
New Haven & Hartford showed gross
.n,nss Of s5.77S.277, an increase OF
rlS1s over the same month Of the pre-
r,ous wear Net earnings after taxes
amounted to s1.57I413, loss OF
tS274e
Drexel & Co are Offering on 500 per
cent basis Philadelphia Rapid Transit
Company equipment trust certihcates'
series &C" issued under the Philadelphia
plan. dated May /, 1913, and maturing
ssmi-annually for ten years. The total
issue is sl.s44.Oo0 and is secured by 500
new double truck vestibule cars costing
s.. $4,000.
Charles D. Townsend has been elected
member OF the governing board OF the
Chicago Stock Exchange. George W.
Ksndrjck Of f. w. Clark & Co, Phila-
dslphia, and Walter Kettenourg were
elected members
The Great Northern Railway has dis
tributed orders for 1876 passenger
coaches and postal cars between the
Pullman Company and the Barney ana
Smith Car Company The American Car
and Foundry Company rs reminding l,eVV
freight cars for the Erie. The NorfolK
Western has placed contracts with the
RsldWin locomotive Works and the
Westinghouse Electric and Manufactur-
ing Company.
stockholders % the Greenville. Spar
nnburg e. Anderson Railway have au-
,horized an increase Of s2,5O0.0oo in the
company's capital stock.
Robert s. winsmore. Of John II. Davis
4 Co. sailed for Europe yesterday on
the Imperator.
The Railway Equipment Corporation
Of Philadelphia has passed the usual
monthly dividend owing TO unsausfac-
tory conditions Dividends have been
raid IN irregular amounts, the total an
nual payments of recent years being 3
Per cent.
Es. Page, chairman Of the bcndhold-
ss committee of the Ozark & Cherokee
Central Railway. has announced that the
principal of the company.s hrst mort
axe per cent gold bonds will not be
paid on October l. II seems advisaole,
said. TO accept the propositions MADE
y the receivers of the Frisco. namely
First, that the bondholders bring no
foreclosure proceedings during the
Twelve months ended October ]. 1919
second that the receivers pay interest az
per cent on the bonds on October j,
1913. and April !, 1914. or for such Tune
a. the principal remains unpaid during
such period; third, that the receivers
during said period will expend on inc
property, IN addition 90 the average
monthly amount already being expended
$4,000 q month for new construction
bttterments etc.