The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-05-02
FOREIGN NEWS CUTS
FIGURE IN MARKET
Heading the Strong Feature on MONDAY
on the Strength OF Favor
able News
(Hsrris. Winthrop q Co. TO Fidelity In
Vcstment Assoc


(Harris. Winthrop q CO. TO Fidelity In
Ncstment Assoc
NEW YORK. May The market had
~ signs or strength to-day. yet only a
closing. There was apparently profit
taxing on u fairly large scale. The mar
Net Is day 70 day affair with fluctua-
regarding the German and Mexican con-
clifton strike conditions In our own IN
austrlal world do not seem To be as un-
favorable as had been anticipated.
This may be cleared up without much
difficulty. Reading was the strong Tea
ture IN the last few minutes. based prob
ably on some sort OF AN agreement be-
INK reached with Its labor. ON the
whole, the market acted well all day
Io-morrow's movements depend largely
on overnight news.
HARRIS. WINTHROP & CO.
New York Central system. total all
lines, March gross increase. s7.9s9.067;
after tax increase. sg.S3s.sOi: surplus
after charges Increase. Sa.5OT.452 Three
months gross increase S22.43T.I97. net
after tax Increase. s15.279.Sg1: surplus
AFTER charges increase. S15.fs6.S39.
Colorado and Southern March gross
increase Sl6b.fas. net after tax Increase,
Sltl.sl7. Nine months gross Increase
Sl:os-.'SV' net after tax increase. 81
Pennsylvania system. lines east
March gross increase, S5.Os5.sO2: net ar
ter tax Increase. S2.6e9.635. Three
months gross increase. Sl5.s75.252. not
after tax Increase. SS.Tg4.644. Lines
west: March gross increase. S2.99s.g33.
net after tax Increase Sl.145,62S. Nine
months gross Increase, Ss,hf0.S59: net
after tax Increase. S4l64.O1O. Total all
lines. March gross increase Ss.O74.73s:
net after tax increase S3S45.2s4 Nine
months gross increase. S24.1l6.lIL. Net
after tax increase. Sl2.95S.654.
General Motor Co. eight months re-
port balance available for common Sl7.
100000. Increase S7.41S,45S. equal to IO5
per cent. on common stock Tor eight
months, or at annual rate OF loo per
cent.
Dow Jones say: Maxwell Motor: About
80 per cent of convertible warrants is
sued last January m payment OF 14A
per cent. back dividends on Maxwell
first preferred have been converted into
FIRST preferred stock at par. leaving only
about SJ5O.OOO outstanding. most Of
which are expected To be exchanged be-
fore convertible privilege expires June
80 next. Miptng out OF accumulation 81
dividends on first preferred opens way
Tor the placing second preferred on its
per cent basis. Net earnings have been
running more than double these of "A
year ago and profits OF upwards OF So
100000 are expected FOR current fiscal
year TO end July 81 next. a balance OF
S5.O0O.Oo0 would provide regular per
cent dividend on Sl4.O2g.136 first pre-
ferred stock. The amount outstanding
when all warrants are converted
The ERECT or the advance In the divi-
. dcnd ratio OF tho Norfolk a. Western on
the mind OF investors may b. graSped
when II Is that this Is generally looked
upon in many financial circles as hy
the most conservatiNely managed rail-
road ia the United states" says a well
informed source.
Washington says: Department Of JUS
tice announced that attorney general had
entered motion IN United states dis
trict court AT Baltimore asking court to
order dissolution OF American Can Co
ON ground that ~ IS a trust. Govern
ments suit against American Can Co.
IL pending In that court now. Court was
asked 20 force company TO submit to
luton.