Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-04-03
ROCK ISLAND RALLIED
AFTER SHARP BREAK
Rumor of Possible Postpone
ment of Annual Meeting.
Jump in Cuban Sugar.

NEW YORK, April achievements OF
rrices i'm the early dealings on the
Stock Exchange today were In an ir-
regular course, and no definite trend
was developed until after the end Of
the first hour, when the market became
strong and the list showed gains. Open
Ing prices were generally higher and
,he volume OF activity was larger than
cxpected at the higher levels stocks were
srpplied and the market eased off. only
10 advance again on some little demand,
both from floor traders and outsiders
The stock market closed strong. with
the entire list showing advances, I'm some
Instances gains OF TWO polhlS ana more
were made.
interest again today centred largely In
the movements OF Chicago, Rock Islard
and Pacific stock, break OF nearly
points being made before the end of the
Hrst hour. on the fact that stock bought
today cannot be voted at the annual meet
ing on April 70. Reports gained Clrcu-
Iatlon on the break that the annual meet
ing would be postponed and this caused
a rally, the price going above the final
OF Thursday.
ten-pont jump in Cuban American
Sugar, from 50 to 63, attracted some at
tention. There was no news to account
for this advance. American Sugar was
also stronger In sympathy. American
Ice grew strong on tho announcement
that the Knickerbocker Ice Company,
the branch of the American Ice Conf
pany In this city, is preparing for an adj
vance In ice prices to large consumers,
which will probably go into effect some
time this month The advance will be
about % per cent, or from 81 a ton to s.
a ton. Many independents are already
getting under way program of ad-
vancing prices Motor shares were again
strong
That business conditions are gradually
growing better is shown in the total of
weekly bank clearings Although no i'm
provement is shown over the correspond
ing week of last year, the total this week
shows an increase of 1896, 0i0 over the
previous week, while there is a clearance
OF $3.50 13t.1O5 as compared with tho same
week last year. AS has been the case
for the last few weeks, New Orleans
shows an increase.
Added to this are the reports of better
earnings from month to month by the
large systems, In large measure this
Is due TO the diligent slashng of en-
penses and how vigorously the railroads
have been doing this recently was re-
vealed today by the Interstate Commerce
Commission in report of earnings of
III of the country's principal lines. Gross
operating revenues for February We're
si45, 5,52S, ,3e3, against Sii7,0S2,243 in February,
1914: expenses were 500 454,S73, against
Sis, $50, 455 in February, 1914: net revenues
sS6O77,52O. against s2S7 1.7SS in February,
1914. The New Haven system made, n very
good showing in February. The net earn
ings were SISS,590 greater than they were
for the same month last year. while the
net for the first eight months of the fiscal
year was Sll ll,OS3,939, against S9,S9l.3 1856 last
year For the eight months there was n
surplus OF $59l, ,SS7, against a deficit OF
s625,2l9 in the same period in 1914.
The weekly statement of the condition
OF the members of the New York Clear
ing House Association showed a decrease
In average loans OF S2,S25,0OO while the
surplus reserve increased s7.459,s1O Actual
loans rose Sl4,222 900. while the actual re-
serve was $l,6l7,72O smaller.