Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-05-24
Financial Briefs

Exports of general merchandise at
! the port of New York for the week end
| ed May % totaled $23.907 ,S06, an in
| crease of $9,452,444 compared with
same week last year. Imports for the
week totaled S16553,9SO, an increase of
i $3,396,551
Until the outlook, as far as foreign
| complications are concerned. Is made
| clear, II Is likely that the market may
! continued in a negative state" says Il.
! B. Smith & Co. while stockholders
| show no inclination to sell their hold
| ings, the possibility of adverse develop
ments deters the making of new COM
| mitments Nevertheless, the market is
firm and prices are inclined to improve
National bank circulation during last
week decreased Ss,572,2l7.
The Kansas Gas and Electric Company
reports an increase of N19.OH i'll gross
earnings for the u months ended April
go Net earnings increased %,l59, and
the balance after dividends was Si9l, 123.
a gain Of s75,O03.
The following stocks were quoted here
ex-dividend except for cash: United Sc
curity Life aud Trust Company and
Rochester Railway and Light preferred
The Comptroller of the Currency re-
ports that overdrafts decreased from
March to May In Chicago $l2i5, and
in New York $5S,SS2. In st. Louis an
increase of $SS714 was shown.
A special meeting of stockholders of
the Augusta-Aiken Railway and Electric
Corporation has been called for June
% for the purpose of authorizing an in
crease in the preferred stock of the
company from s1,5OO,OOo to S25Oo,oOo The
new stock is 10 be on parity In all
respects with the present outstanding
preferred stock, except that dividends on
the new stock shall begin to accrue only
from October /. 1915. The new preferred
stock will be Issued In exchange for the \
preferred stock of the Georgia-Caifornia
Investment Company, which owns the
Georgia Carolina Power Company, the
investment company being In turn owned
by the Augusta-Ailen Railway and Elec-
trio Corporation.
The annual meeting of the Philadelphia
Company will be held in Pittsburgh,
June 7.
The gross earnings OF the Portland Gas
and Coke Company in April were S972 229.
decrease OF S6Sl7 net, $i5, lO7, decrease,
Stfott II SlbSHT NAtAtsototai hNNASoSSI
$2i, $50; net. 1l23. decrease. SS,SH.
L. j. Selznck, vice president of the |
World Film Corporation, said today: II |
am going to recommend TO the directors
at the meeting ON June "a that an initial
dividend OF per cent. be declared on
World Film stock also that this divi-
dend be followed by other quarterly divi-
dends of at least that much"
S. W. Wlnslow. president of the United
Shoe Machinery Company. says; "At a
meeting of the directors of the United
Shoe Machinery Company, held In New
York on Friday last, II was decided that
when the regular dividends are declared
at the June meeting OF the directors an
extra dividend will be declared on the
common stock. The amount of the ex-
ira dividend and whether 1t will be paid
n cash or part cash and part stock will
Do determined later"
For the 12 months ended with April
he Pacific Power and Light Company re-
ports balance after dividends OF SS3.7Os,
'ear.
The London market being closed New
York had TO stand Italian selling OF
securities, The liquidation was not very
leayy. it was said.
According to Snow the damage is very
severe in the big wheat counties OF
Kansas, 100000 acres, or one-thlrd of the
,ntire acreage. having been am entire
oss.
II Is estimated that car builders have
placed about 5000 tons of steel In con-
ieotlon with car orders received, There
re Inquiries for about 10000 tons addI-
ional
One OF the largest manufacturers OF
artTidges and shrapnel announces that
rs company has sold its entire capacity I
o January /. Additional orders are be-
ng refused.
No Western Union Ticker Service
CHICAGO. May 24.5Ths Western Union e