New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-31
Relevant
Information

Union Pacific.-The Union Pacific
Railroad systems December operating
statement, issued yesterday, disclosed
gross earnings Of s9,973,6S2, an in
crease Of 81, 063,6O4, compared with the
corresponding month of 1915. Net
earnings after taxes totalled 5000
s77. a decrease of s424,3SO. The drop
in December net is explained by inc
fact that the extra compensation al
lowed employees Mt Christmas time was
charged to operating expenses for tha'
month. The exact amount of this
compensation has not been stated by
the company. Announcement IS made
that hereafter the Union Pacific's hscal
wear will coincide with the calendar
wear. This change has been made III
compliance with en order of the Inter
state Commerce Commission. Compila-
ton by the company of the results OF
operaticn for the year ended Deem
Der 81 last shows gross OF $1l4,412,sOH'
an increase Of $22,46O,362. or 24.4 per
cent over 1915. Net after taxes was
s45.O56.e71, an increase of sl1,S96,S66,
or 35.9 per cent.
American Smelling and Refining
Announcement was made yesterday
that the American Smelling and REIN
ing Company is. taking steps toward
the resumption of active operations at
it's Mexican plants. Some of the con-
GERMS American forces have been sent
into Mexico to make preparations to
reopen the Monterey smelter, and
should that prove successful the plant
at Matehuala will also be put IN oper-
alton. This is the first time in a year
that there has been any real prospect
of resumption of activities at the COM
pany's several plants in Mexico. Nego-
tiations are now under way to make
provision for resumption Of railroad
service so that supplies, and especially
coal, may be taken into the plants.
Burns Brothers, Inc.-Common stock
of Burns Brothers, Inc, sold up to lOS
yesterday and closed at 1878, with
a net gain of 6& points on turnover
of $500 shares. Directors of the cor
poration are reported TO have under
consideration a plan for the issuance
of new common stock, which will be
offered to stockholders at an attractive
figure. Cash received from the sale of
the new stock probably will be used
for retiring the s1,721,3 300 of per cent
cumulative preferred outstanding The
company has s5.50O,OO Of common out
standing. on which dividends are being
paid at the rate Of per cent a year.
In the fiscal year ended March 81 the
company earned 1908 per cent on the
common and 1911 per cent in the pre-
vious year. The company was organ
lied in 1913 and operates coal yards
and piers in New York, Brooklyn and
Jersey City. In February, 1916, the
company sold the assets and goodwill
of its ice department TO a new cor
poration, the Burns Brothers Ice Cor
poration. in consideration of 100000
second preferred stock and 100000
common stock of the new concern.
ttuck-Arizona.-The company re
por.ed for the full year of 1916 yester-
day. showing total receipts Of $780,
924. compared with S2,36s,547 in the
previous year, and the balance after
dividends Of $1.411,513, against $780,
ESQ. The company produced 1903
pounds of copper, against 11,l54,21l in
1915. The net operating cost a pound
in 1916 was SIG cents, compared with
S.446 cents a pound. The average
gross price received a pound of cop
per delivered during the year was
1918 cents, compared with 1882 in
1915. President Barton in his remarks
to stockholders said: "The ore re-
serves warrant confidence in the sub
stantial continuation of the output of
the mine in suJh manner as to obtain
the full benefit of the metal market.
The present development, with the sat
isfactory average grade of ore found,
and the large and promising mineral
lied territory still to be opened up,
established the assured value Of our
holdings"