New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-29

TO 81 ,0y0,Oo4, against SliofV'-
36l. The number of passengers GER
ried was 81 ,S97 ,l52, compared with b.
$50 .90S in February. 1916. In the eight
months ended with February the Inter
borough earned net Of sl3,363,213, com
pared with S12.422,96l in the CORE
spending period OF last year The
company carried on its various lines
during the cight-months' period 1885,
cog. $50 passengers, compared with
i38.384.456 in the corresponding period
of last year.
Steel Company of Canada.--Net
profits in 1916 we're s5,O21 ,39l, com
pared with s3,23O,452 in 1915. The
balance available for dividends was
equal TO 1919 per cent on the 1900
OOC common stock outstanding.
riggs-Seabury Ordnance deal
ings of 1000 shares the common STOCK
advanced IS points on the exchange
closing at the top. S217' ms
with a high price Of l9o'
made in 1915. when the stock was
traded in on the curb, and low, IN
January. OF 10. The company manu-
features iron and steel projectiles' can
now shells and firearms. The advance
f., tho stock was accompanied by ru-
mars that the concern would receive
large contracts for munitions from the
United States government. There IS
50 600 900 OF common stock outs'and-
ing Of an authorized issue of $4,000
600 An issue of 100000 of : per
cen. cumulative first preferred stock
aud 2 ike amount Of per cent non
cumulative preferred will be retired IN
time and replaced by an equal amount
If common. The company passed It's
dividend on the common stock after
paving ~ per cent in 1915.
Wilson & Co. Shares of Wilson &
Co. Inc. the meat packing concern or
ganized as the successor to Sulzberger
& Sons Company, had another ac-
tive dav. and on a turnover of $1,000
shares rose 5ia points, TO 7fi2. Inc
company has ss,67s, 200 of 7 per cent
cumulative preferred stock outstanding
and 100000 of common. Last year
LOG per cent was earned on the com
mon. but at the present this issue does
not draw dividends.
BOSTON & Maine.-This railroad was
operated at a loss during the first two
months Of 1917. according 20 state
ment issued yesterday by j. II. Hustis,
receiver OF the road. The deficit was
given as $s09,367 compared with a
surplus of sllS,732 in the correspond
ing period last year. Mr.. Hustis stated
that the eight-hour law, as applied to
men directly affected by its provisions.
will add at least 81 100000 a year to
the roads payrolls. Other wage ad.
iustments will add 100000 more. Fuel
at existing rates. in his opinion, will
cost 100000 more than year ago,
and materials and increased car hire
charges will further increase the costs
of operation. Immediate relief Of some
kind is required. he said.
Midvale Steel Stock, Listed.-The
stock of this company, which has been
dealt in on the curb market since its
organization in the fall of 1915, was
admitted to trading on the Stock EX-
change by the governing committee
Yesterday. The amount listed is $780,
600. 900 out of total authorized issue
of s150,000,O00. The shares have a
mar value OF $50 each. Other securities
listed yesterday were Sl,966,l25 con-
mon stock of the Willys-Overlapd
Company, 100000 additional common
stock of the Underwood Typewriter
Company. slO,OOOOOO additional con-
mon stock of the Westinghouse Air
Brake Company. Sl3S.000 additional
first mortgage per cent twenty-year
bonds Of the United Fuel Gas Com
pany, sl1,100.O0O additional stock OF
the Texas Company. 34s,666 shares of
the Sinclair Oil & Refining Company.
100000 of certificates of deposit OF
the United States Mortgage & Trust
Company, representing 62,0ol shares
OF stock OF the Long Island Railroad
Company; ss,559,OOO cumulative first
preferred stock and $5,762, 800 common
stock OF the American Mailing Com
pany.
United States Smelling. Refining and
directors issued the fol-
lowing statement yesterday: "The earn
ings in the year 1916 were sS,9S9, 1863
after providing all interest charges.
including interest on the sl2,000,000
notes and making usual reserves for
and exploration. These
earnings were at thc>Tate of per cent
per annum on the preferred stock. plus
s20.55 per share. or All per cent on
the common stock. Additional reserves
for depreciation amounting to $1,000
600 were provided out Of profits at the
end of 1916"
international Paper. At the special
meeting of stockholders the company
authorized the proposed
new mortgage and approved the offer
TO adjust the deferred dividends. At the
directors meeting held subsequently
the officers Of the company were nu-
to declare the adjustment plan
lucrative