Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-03-27

The Bank of England today reported
the amount of currency notes outstand-
ing as G3S,0S760S, against 1886 last
week The amount of gold held for the
redemption Of such notes is G27,50O0O0
unchanged.
d. H. Morris was elected vice president
of the American Ice Securities Company,
and Robert NJ. Thompson was elected
director. succeeding the late James Nc
Cutcheon.
Thirty-nve railroads of the United
States reported gross earnings of $780,
7SO,65S decrease of $l,575,7S6.
According to reports in circulation in
Wall street, the Pennsylvania Railroad Is
to issue an additional S5O,OOO,O0O bonds
within q few days.
Discussing trade conditions Bradstreets
says: "Dstributive trade has expanded
in the northern half of the country this
week, the stimulating features being bet
ter weather and the nearer approach of
Easter. In addition, sentiment as to the
outlook has been benefited by Il slight
speeding up of manufacturing industry.
the enlarged speculation at higher prices
In cotton and securities and the publca-
tion of Government returns of foreign
commerce acCentuating the command this
country exercises through it's prominent
position as a provider of supplies of all
kinds to the warning nations of Europe"
Commercial failures In the United
States this week numbered 375, against
299 during the corresponding week last
year Failures in CANADA for the week
were g.. compared with 46 in the like week
last year
Negotiations are said to be in progress
for a French credit to be established
with this country amounting to $4,000, 00O
England is expected to establish credit
of double that amount. while Italy and
Russia are also said to be preparing to
take similar action.
Arbitrators have fixed 1859 per cent. as
the amount of interest to be paid on the
New York Railways adjustment income
per cent. bonds for the six months ended
December 81, 1911. This compares with
1.22S per Genet. for the six months ended
June 80. 1914, and with 2.Si5 per cent. fo-
the six months ending December 81. 1918
Interest is payable April and books
closed March 20.
The Illinois Public Utilities Commission
has authorized Rock Island to issue ST.
1884, 900 refunding bonds.
SlOChuOiutIS OF tHe tnlCdBO, ROCK IS
land and Pacific Railway Company, VINO
subscribed for additional shares OF stock
representing that stock not taken In the
first offering of so-called excess stock, are
entitled to receive 81 par value of stock
for each bond surrendered
The Jenkintown National Bank has had
It's corporate existence re-extended TO
March IA, 1885.
The Texas Company reduced the price
of Caddo heavy oil 10 cents barrel to
80 cents.
Bids will be received until April by
Darby, Delaware County. Pa, for $50. 900
41A per cent 20-3O-year street bonds
until April by Collingswood. Camden
County, N, j.. for $4,000 ~ per cent.
school bonds
The Hale and kilburn report for the
fiscal year ended December 81, 1914 states
that profits for the year, after charges TO
depreciation and reserves, were $751; ,527
This amount was equal to l2 per cent,
earned on 100000 common stock after
providing for 7 per cent. preferred divi-
dends, amounting to 1902, 68S. After pay
ing the preferred dividends, the balance
of $50 was carried on as a surplus for
the year to profit and loss account which,
on December 81, 1914, amounted to $780,
92l. The general business depression af-
fected the companys operations last year,
and the value of output was S944T9 less
than In 1913 A bills payable indebtedness
of 100000 was paid off during the year
and 100000 surplus cash was invested in
the company's $4,000 issue OF per cent
S-year notes due April l. 1915, At the be-
ginning of this year untitled orders
amounted to Ss69. OS5