New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-25
Relevant Facts
Intcrborough Transit Shares Weak

InterborOugh Transit Shares Weak
Shares of the local traction companies
displayed pronounced weakness yester-
day, the downward tendency of the
group furnishing one Of the outstand-
ing features of the dealings on the
Stock Exchange. Common stock Of the
marlborough Consolidated Corporation,
which controls the Interborough Rapid
Transit Company, declined from 10%
to OF, closing Ia points off, on deal
ings of 8,4O0 shares. This was the low
est for the issue since the organization
Of the company. The preferred broke
go points. to 5bh, on dealings of 5000
shares. Weakness Of InterborOugh is
sues gave rise TO rumOrs of an lmpend-
ing cut in the preferred dividends, the
argument being that the company was
facing constantly rising costs of opera
ton, while the revenues were more or
less fixed. A director of the company
was more optimistic. lie said there
was no good reason connected with the
company's affairs to account for the
weakness i'm the stock Gross earn
ings are running from $1,000 to $4,000
a day over a year ago." he added.
with all due allowance for greater
cost of labor and materials and with
allowance for the maximum charge for
the excess profits tax the net results
are still fairly well over 1916. There
will be no tax on profits of our COM
pany after July l, when the partner
ship arrangement with New York City
goes into effect"
American Hide and Leather.-Re-
ports for the three months ended
March 81 net earnings from operations
of S50l $3.50, compared with S556,029 in
the corresponding period Of 1916. Net
earnings for the period from July to
March 81 were S2,012,754 against ST.
1927 in the corresponding period of
the preceding year.
Central Leather Company. quar-
terly report shows total income of
1851 1923, compared with S3,913,3S1 in
the corresponding quarter of 1916. Net
earnings available for dividends amount
to S6.334,623. compared with S2,554,1 52
in 1916 and S967,150 in the correspond
ing period Of 1915. The directors at
their meeting yesterday did not take
action on an extra dividend on the
common stock.
Cerro De Pasco Copper Company
The annual statement of earnings for
1916 shows net income of S2854,2l6,
equivalent 10 S4.28 share, earned on
666,666 shares of stock outstanding.
Dividends paid amounted to S2,666,664.
Booth Fisheries COmpany.-The board
of directors at a special meeting OF the
common stockholders to be held May 2
will recommend the changing of the
number and par value of the author
lied common stock shares from 100000
shares with par value Of 500 each
TO 100000 shares of no par value. II
is proposed that 100000 shares of no
par value shall be exchanged equally
among the holders of the outstanding
common stock in the ratio Of five
shares of the new for each share Of the
old.
CASTOR, Williams & WigmOre, Inc
The company reports net earnings for
March of S276,03S, bringing the total
for the first quarter OF 1917 up 10 $780,
?55 These profits are from the opera
tions of the exporting and importing
company alone and do not include
revenues from the steamship company
nor of the European companies. There
was paid out of earnings on April 10
81 100000 notes that matured on that
date, leaving 100000 now outstand-
ing. Untitled orders on hand April 10
were valued at $23 ,9S1 ,044. compared
with $l7 ,5S7 800 on March Is.