Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-05-05
Financial Briefs

A. ]. Moxham has resigned as president
of the Aetna Explosive Company, Inc, and
H. s. Kimball has been elected to sue
ceed him In order to have Mr. MoXham
continue with the company in consult
ing capacity he was elected chairman of
the board. Mr.. Kimball is president of the
American Zinc, Lead and Smelling Com
pany and will continue in that position
also.
A special meeting OF the Imperial
Tobacco Company has been called for
May to confirm the action of the direc-
tors in declaring a stock dividend of 100
per cent, as announced Wednesday.
Gross earnings of the Portland Rail-
way, Light and Power Company for
March were S450,s13, an increase of
S5239 over earnings for March. 1915. Net
earnings were S196,59S, "a gain of s17362.
The Diamond Match Company had
gross earnings of S22s4,564 during the
year ending December 81, 1915, as against
$1,s72,166 the previous year and S2,1S7,-
s31 in 1913. Net earnings last year were
s1,6O5,009, while in 1914 they were
The reports of copper from New York
for the week ended May amounted to
S97 tons, against 4455 tons in the cor
leSpohulhB pSAlOu last SSdI'
The Reading Coal and Iron Company
reports that all its colleries are in oper-
alton. Those of the Lehigh Coal and
Navigation Company are still closed. 1t
is believed that any anthracite collierles
now closed on account of the men being
out will resume work next week. in view
of the agreement with the miners.
The New York Subtreasury gained
81, 2,055, 900 from the banks on Thursday
making a gain since Friday of ss,2sO.OOO.
Gold coin to the amount Of $3.50 900 has
been withdrawn from the New York Sub
treasury for shipment to Mexico and S30,-
600 for shipment to the West Indies The
Subtreasury transferred S725,000 to San
Francisco, 100000 to New Orleans and
100000 to Cincinnati,
American Beet Sugar net earnings dur
ing the year ending March 81, were
S2,174,ss1, an increase of s1,573,lss over
those Of the previous year
clearlngs through the banks at all the
more important cities in the United States
continue 10 make new high records for
this period The total this week, accord
ing to Duns Review, amounted to
S4,625, ,691,206. an increase Of 1913 per
cent. as compared with the S3,7s2, 2,1O6, ,792
of the same week last year and of 1878
per cent. as contrasted with the eorre-
spending week In 1914, when S3,ol7,2O3,-
976 was reported.
Net earnings of the Crucible Steel Com
pany during April amounted to slightly
more than s2.00o.000. This brings the
total net since January to more than
s7,75o.000, a good portion of which has
been put back into the property.
The Philadelphia and Reading Railway
Company has awarded a contract to
Mitchell Brothers, OF Philadelphia, for the
construction OF bag and truck house in
the coal yard occupied by Edward L. Tay-
lor at Fern Rock, Philadelphia.
At the annual melting Of the Allis ChaI-
mers Manufacturing Company, Grayson NJ
p. Murphy, vice president OF the Guaranty
Trust Company. and Charles T. Pfister. OF
Milwaukee, were elected directors to fill
the vacancies OF Colonel Pabst ana VIII
ian c. Potter. who had previously re-
signed Other directors were reelected