Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-04-03
Financial Briefs

special meeting of the stockholders
OF the International Smokeess Powder
and Chemical Company will be held In
Camden on Monday TO vote on the uues-
ton of accepting or rejecting an offer
of S5.I60.0OO for the property made by
the f.. |. du Pont international Powder
Company.
The feature OF the preliminary report
of the New York State Insurance De
partment for the year ended December
81, l3li Is the relatively small change
in the item of stocks and bonds owned by
the life companies. The New York State
life companies for instance, on December
81, 1914, owned $l,j2S 100000 stocks and
bonds; all other life companies doing busi-
ness in the New York state owned $751;
922, 900. A year ago the New York State
companies owned S,32l.392, 900 and the
other companies $3.50, ,8s7 900.
The annual report of the American
Zinc, Lead and Smelling Company for
the 1914 calendar year shows operating
profit of ;176s2, against a loss OF slG9O7i
in 1918. The balance carried to surplus
was $6j,692, against n deficit OF s3Oi, $50 the
previous year
Considerable activity was reported by
local bond dealers in the new school dis
trict issue.
The Pittsburgh Stock EXCHANGE re-
moved all minimum prices on stocks and
bonds.
The American Smelling and refining
Company has advanced the price OF lead
from 4,l5C. to 420c
The aggregate earnings of 35 railroads
fnp ha trJ IL,
decrease OF 81, ,G5S,726.
The New York Subtreasury gained s59s,
900 from banks on Friday
The Upstate Public Service Commis-
sion OF New York will grant hearlng on
Wednesday on the New York Central
Railroad Company's application to issue
500 900, 900 2O-year G per cent convertible
debenture bonds and to increase the capi-
tai stock from $500 900 900 to S4OO OOO, ,OOO
Reductions or to cents were an
nounced in the price OF crude oil today
The annual report OF the Remington
Typewriter Company shows net earnings
of s576,4l6, against Sl,75l,9s7 in 1918 The
deficit after dividends was 1896, 229 com
pared with surplus of aSi, O9i the pre-
Yous year.
The Lehigh and New England placed an
order for seven locomotives with Bald
wins.
March stock transfer tax receipts in
New York totaled S2O3,5d
Al of the slOOoOOOO Erie Railroad per
cent notes recently Offered at 99ts aud
interest have been sold and the syndicate
closed,
Bids will be received bv Trenton, y.
j., until April for $4,000 AZ per cent.
3O-year bonds; by Sea Isle city, y. J.,
until April n for $4,000 per cent. board
walk and bulkhead bonds aud by Gou.
cester township CP o. BlackWoodD. \.
j., April s. 5000 IS,
The indianapolis Union Railway has
sold to a syndicate or bankers 1000, 600
general and refunding per cent. gold
bonds, guaranteed by the Pennsylvania
Railroad and the Vanderbilt interests
The response OF holders OF preferred
stock OF the Interstate Railways Com
pany 10 the proposition offered by the
directors for an exchange Of that stock
for other preferred shares. TO be issued
without any retirement clause, has been
very favorable. and the directors have
selected the Real Estate Title Insurance
and Trust Company as depository for
the present preferred stock. to issue tenn
porary certificates OF the new issue in
exchange. meeting OF all stockholders
has been called for April 20 10 amend
the cOmpany's certificate OF incorpora-
tion TO conform with the provisions of
the new preferred issue.