Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-03-17
J-SHARP DECLINE IN PRICES OF WHEAT
Financial Briefs

For the year ended December 81 the
Western Electric Company showed net
earnings of A.O33, i67. against S6563 S6i In
1913. The surplus was S9,170.96O, equal TO
2i.4 per cent earned on the stock, against
37I per cent. earned the previous year.
Charles c, McCord, Of Kentucky, will
become chairman Of tho Interstate Com
merce Commission this week, succeeding
James 5. Harlan. Under rule OF the
commission the chairmanshp Is passed
around each year according to seniority
of the members
The gross earnings OF 90 railroads for
the first week in March showed q de.
crease OF i66S5So, or sO2 per cent
Gold coin to the amount Of $4,000 was
received In New York direct from
London.
The price OF ead was advanced 10 cents
President Wilson denies that tho Ad-
ministratlon is considering an issue OF
Government bonds.
Brokers in this city. who are members
OF the New York stock Exchange. re-
ceived letters from the exchange today
requesting information as 10 the mileage
OF their leased wires and the cost. Why
the Information was wanted was not
stated
observations and Experiences iu the
War Zone Of Europe" will be- the topic
Of lecture by Edward r., Bobinette,
member Of the firm OF George 5. Fox
& Sons 10 the members of the Fhil1-
delphia Chapter. American Institute Of
Banking. ON Friday evening at Griffith
Hall There will also be an ntercitN de-
bg tp het 10 Chi nj @ q this CITY and
Baltimore.
The board OF directors OF tho tinted
States Steel Corporation was reduced from
p to is members Thomas Murray re-
signed from tho board There were al
ready I've other vacancies.
According to usually well informed in
terests plans are afoot for taking care
Of the back dividends on lntcrborough-
Metropolitan preferred. These have been
accommodating for about eight wears. and
II is said that tho new scheme will great
~ benefit the stockholders.
+. n. silvernail was appointed assistant
TO the president of the Lehigh Valley
Railroad today.
The annual report OF the Assets Real a
tiuu Company showed assets Of 81, l65l6E
capital stock. The net loss for the year
was S729, 5N, making total deficit OF
s., 500 0i2 President Cobc said that the net
loss Of tile company last year was largely
due 10 interest on discount charges Of
S}21, 800. to losses sustained and amounts
written on, less interest on income re-
Ccived. OF sl37.5i2 and to extraordinary
expenses contracted prior TO 1914 OF
SI3.9Sl. There was q reduction in certain
liabilities existing on December II, 1919 OF
S3,,SOill.
j. Markham Marshall was elected a di-
rector Of the Assets Realization Company.
The Consolidation Coal Company annual
report showed balance equal to S.O3 per
cent. earned on the stock against 9S per
cent the previous year. The surplus was
S5O9, 732, compared with S9j9I29 in 1913.
The United States steel Corporation has
received orders for 1000 tons of portable
track and 5000 tons OF girder rails for
France. The demand for barbed and
plain wire for Europe continues heavy, as
docs shrapncl steel for other kinds Of
shells.
Chicago Board of Trade membership
sold for $3.50, compared with $1,000 the lnsi
previous snle,
Chandler Bros d co. state that
nothing definite can be decided regarding
tho proposed issue OF s1O,OonoOO German
per cent. short term notes until after the
syndicate has been completed and direct
offer made to the German Government