New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-04
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lineage q Alton ne common anu
preferred shares of this road were the
strongest of the railroad group yester-
day. The common closed points up
at 1875 and the preferred 81, points up
at 81. No dividends have been paid on
either class of stock since 1911. There
is s19,544,0O0 of non-cumulative per
cent preferred, Ss79,3O0 Of prior lion
and participating stock entitled 70
cumulative per cent dividends, to-
gether with additional dividends equal
TO any declared upon the common stock,
and SO, 542 500 of common outstanding.
In 1915 the company returned deficit
Of 81 ,690,156. In 1914 the deficit was
even larger, amounting to $2,762, 290.
Earnings in the current fiscal year
have shown improvement, with gross
for July and August Of S3,114,124, COM
Jared with $2,563,4l6 in the CORE
spending period of 1915. In August
President B.erd said: "The Alton is
back on its feet and better results can
be had from il. This new years earn
ings ! expect to reach $17,OO0,0O0, and
we can, with the plant as it is, reach
s1S,O00,0O0."
New York, Ontario & WESTERN
Shares of this road were unusually ac
tive yesterday, and advanced / y points
g II
Haven has held control of the property
since 1904, when it purchased major
ity of the S5S,113,9s3 common stock
outstanding. Dividends, which had
been omitted since 1913, when per
cent was paid, were resumed last June,
when the directors declared per cent
Gross earnings for the first two months
Of the new fiscal year, July and Au-
gust, aggregated si,957,55 compared
with Sl,S73,602 in the corresponding
period of 1915. Earnings for the full
fiscal year Of 1876 were estimated
at 1.69 per cent, against los per cent
actually earned on the common stock
in 19l415.
Sloss-S Sheffield Steel-0n a turnover
of 10000 shares Sloss Sheffield common
sold up 10 704 and closed at sos for
a net gain OF As points. The pre-
ferred gained Ia points. The com
pany has Sl0000,000 of common out
standing and S6,700,000 of per cent
non-cumulative preferred. The full
dividends are being paid on the pre-
ferred. with nothing on the common.
The last dividend on the latter issue
was 34 per cent in 1910. The latest
income account, covering the nine
months ended August 81 last August
estimated), showed net income Of ST.
407 500 and a surplus after preferred
dividends of 81 ,055. 766. In 1915 the
company earned 0.53 per cent on the
common after the preferred dividends
IL was stated early in September that
this concern was getting a good share
Of foreign business and that with the
closing of orders then under negotia-
tion the company's mills would be
booked up practically at capacity well
into June, 1917.
Inspiration Copper.-Total business
IN Inspiration amounted 10 $1,000
shares yesterday, yet the stock only
showed "A net change at the close of J.
OF point. The company has only been
producing copper since the summer of
1915. In March last il began paying divi-
bends on the $23 .60S.540 (par 500 stock
outstanding. with an initial disburse-
ment of Sl.25 a share. This was in
creased to 81 in June. and the present
rate is So a year. Inspiration is now
treating an average Of $4,000 tons of
ore daily. and two additional mill sec
tons are soon expected 20 be ready for
operating, increasing the tonnage BY
500. Present production is estimated
AZ the rate of l20,000,000 pounds Of
copper a year. with an average cost Of
: cents. With copper at 2s cents a
pound, the company's earnings are es-
timated az approximately $40 a share
year. All the fixed charges against
Inspiration have disappeared. as what
ever bonds had not been converted into
stock were retired on September |. The
two issues originally totalled $l0,-
100000.