Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-04-22

Financial Briefs

1
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For the p months ended with March
tho Cities Service Company shows an
increase Of sf07i5'l and net gain OF
NO32,il9 The surplus, after preferred
dividends. was Si,737.15S, an increase Of
s29sS62. and equal to l1.a4 per cent on the
common stock
A. j. Antelo nevereux has returned
from a trip to the Pacific coast.
Henry Potts K GO. have purchased all
the iron and steel IN the Bellefonte Fur
mace Companys plant at Coleville and
Scotia, and will proceed at once to dis
mantle 1t
Tho Woolpper Creditors Committee has
had certificate Of power prepared which
the creditors are being asked to sign.
givinL the committee full power to act IN
their behalf \. L. Crawford Is expected
back next month.
Tulsa County, Oklahoma. will receive
bids on May 4 for the sale Of 10000
per cent. county bridge bonds maturing
S5oOOO 1920 1928, 1890 and 1898
At the annuai meeting Of tho Miami
Copper COMPANY retiring directors were
re-elected with the exception OF George
n, Hopkins whose place on the board
was not hlled.
The Chattanooga Railway and Light
Company showed surplus of sl2lA for
the u months ended with March against
sls7,6l6 in 1911.
For the ts months ending February gS
the Portland Railroad Company reports
a surplus OF tli263o decrease Of 1890
The Columbus Railway, Power and
Light Company had a surplus Of S72l.o72
for the year ending February rs an in
crease Of Slj3.9l6
The surplus of the Bangor Railway and
Electric Company for tho l2 months end
ing February 2s was sa2.732, decrease Of
s15,533
Following the announcement by tho
Federal Reserve Bank of New York that
il will inausurate free check collections
for it's members the Guaranty Trust
Company, OF New York. announces that
IL will institute n free check collection
service for banks and trust companies In
the state OF New York
Tho Iron Age says There are signs that
other railroads are getting more alive to
the low prices car and locomotive Cumpa-
MES would make Just now, aud the steel
trade looks for further developments In
this direction How far the large war
contracts the equipment companies are
now Figuring on might affect deliveries of
new cars that may he wanted By the fall,
IL n factor not entirely overlooked. Ac-
tual exports of iron and steel grow slow
~, February showing total of $4,000
tons for products reported by weight,
against 10000 tons in January. The rate
of orders lately should give Il 2OnOo0-ton
month soon. 1t Is noticed this month that
foreign inquiries are from variety of
new sources In neutral countries and the
prices realized are often higher than on
home business Ocean transport is a serl-
Gus factor in business with Europe
The General Electric annual report
shows net profits OF $il.2S7S27 against sl3.-
4S9,S57 in 1919, equal 70 ll,l2 per cent.
earned on the stock The balance after
dividends was S3,1i5O6O against S,NoS674
last year.
The total number Of idle cars on the
Pennsylvania Railroad System on April
IS was 7l,96, compared with 76962 on
April ., 1908 at the beginning Of this
month"; and S7.033 Mt tho beginning Of the
year OF the total idle on April lG. 81. .S2j
were on the Lines East and 3S,09l on lines
West There were 3f.i+S Of the idle cars
being repaired in the shops and 3L42S in
good order being stored,
Tho Atlantic Coast Line has sold $4,000 ONO
general unified Az per cent. bonds to ]. +.
Morgan d Co.
England is bidding 9is cents per pound
for spcller in the New York market for
delivery any month during the balance
of 1915,
Statements OF condition as OF March
T. this year, received by Comptroller of
the Currency. show that 7s2 Country"
national banks of Pennsylvania mean
ing institutions outside of the large cities.
on that date had outstanding loans and
discounts amounting TO SIO97h,OOO, and
held demand deposits Of sS23, $4,000 and
time deposits of $40, ,233 OOO. Their ratio OF
reserves held was 2lOl per cent, Com
pared with the condition as of December
81. 1911 these banks loans and discounts
decreased about $500 coo, demand deposits
decreased 81 ,OOOOO0 and time deposits in
creased l,5OO 600.
!. W. Sparks & Co and q, H. Bean 3
Co, were buyers Of Tonopah Belmont.
Charles NJ. SChwab will leave next week /
for san Francisco,
Oniy routine business was transacted T.
by the directors Of the Federal Reserve /.
Bank of Philadelphia at the regular meet !
Ing today
Furnace No. 3. of the Carnegie Steel .
Company. at Newcastle. will resume oper-
ations Friday after an idleness OF six
months
The report Of Butte and Superior for
the wear. ended December 81, 1914. shows
net earnings of Sl,4l7l27, compared with |
S942, ,9Ss in the previous year.
Stockholders of the Youngstown Sheet /
and Tube Company have taken practically /
the entire S5OO0.OoO issue of new stock /
authorized some weeks ago
WABASH ORDERED SOLD
Receivers Instructed to Get $21 1,0O0,- /