The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1916-04-27
Financial Notes

Further advances have been made
In copper prices
The Ohio Cities Gas Co. has In
creased It's common stock dividend
from s to an per cent basis
More than IS per cent OF So. Louis
and san Francisco stocks have been
deposited under the reorganization
plan.
James T. Keena, vice president of
the Peoples State bank. has been
merctal and Savings bank. Wyan-
dotte-
Inland steel Co. has declared a
regular quarterly dividend Of eee,
payable June ! TO stock OF record
May 10.
Hupp Motor Car Corporation earn
ings for March were s7S.55s, an in
crease OF sfs4sl over January and
sis.iss over February.
The profits OF Midvaie steel Co.
from now on will show n heavy in
crease as result OF shipments on
the company's sso.ooo.ooo rife con-
tract
Norfolk & Western has declared the
quarterly dividend OF 49, on the
common stock and an extra dividend
OF &C. both payable June IS to stock
OF record May 81.
Report for March on Tonopah Ex-
tension Is expected to show approx
ma5elyy $4,000 ne: ,ss ood TIL. co@GaE,ss
in the two preceding months.
Pure OIL Co. has declared a divf-
dend OF SCI and an extra dividend OF
30T. payable June I 20 holders OF
record May Is. In March a dividend
OF So and 501 extra were de-
Among the many markets that have
been affected by the imminence Of
the crisis In our diplomatic affairs.
that for call rnoney-aiways most
sensitive index OF stock market sen-
I timent-has attracted less attention
than might have been expected.
Railroad earnings for tho month Of
March maintained tho volume Of in
crease In net earnings shown for
some time past. and are regarded "a
paying railroad stocks. assured for
some time 70 come.
Demands for railroad cross ties In
connection with the construction Of
new or the extension OF established
| railroad lines. form one OF the most
| conspicuous features OF the southern
yellow pine market. A large in
quiry for ties from abroad IL adding
considerable Interest to the market.
For the nine months ending March
i ~ TFnftaH EfanI Cnrnnrn-
tion has added to its surplus. after all
charges. including common dividends,
nearly s75.0o0.0o0. At the present
hav. addsd nearly "a" sai2. 90 900 to The The
| surplus equal to about s42 a share
IN IS months to end Dec. 81.
The Hecia Mining Co. the proper
ties OF which are In Idaho. reports
year ended Dec. ii. isis. OF 81 .oss s ine !,
total receipts. ti.o34.4ss total expen-
ditures. ssss.3to: net income. ssts,-
I.s' dsp,ec iss, res sr. ,ssasts;
pacity Of the mill has been increased
25 per cent.
Stockholders OF record April % of
the Atlas Powder Co. have been Of
fered the privilege Of .ubscribing TO
Iferred and $4,000. 900 common stock
recently authorized. Preferred share
holders are being given new prefer
red shares at par 90 the extent OF
e5et OF their holdings. and common
stockholders at par new common
shares amounting TO 20T OF their
holdings.
International Mercantile Marine has
outstanding b9.sT2.4 900 common and
s5I.72s,3 900 preferred stock. ti0i.597,-
100 in all. In case OF a contest. 70
carry control at the present time
would only require 81 Ter cent OF the
preferred stock. or t25gs0.4i3 as
the common stock has no voting
power az long as any back divide nd =
are due. Including the July dividend
81 per cent back dividends are now
due on the preferred shares.
| Payments on VIC fourth German
war loan up 10 April "a. according
60 dispatches. amounted 10 s2.O7s 900
1000, or IS per cent OF the total sub.
tecription. In any country whose
business and financial life IL les.
lclosely regulated than in Germany. a
livery nice question would be raised
as IN who would be the chief SUI.
ferer--the government or the people
in case the war should come 20 a
sudden end. assuming that German
lcurrency would thereupon feel the
full effects OF the resumption Of In