Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-26

THE New Haven Railroad hrs Just
paid " to banks ~ 900 900 Of tenn
Edwin RistinS, formerly assistant
cashier, has been elected cashier Of the
National Bank OF Commerce. u "a
The Burlinkton's toadings for the first
three weeks Of April were 80, 900 cars,
against 80 1913 year ago.
Three curb exchange seats sold this
uary. prevailing price for seats was
ported at $4SOO. t
The average price Of the twenty ac-
tive industrial stocks declined % per
cent yesterday, to D2.72. while the
twenty railroads declined % per cent.
to $500. I.. ~
The time for making deposit Of So
curities under the plan for the organi-
zation of tie Tennessee Electric Power
Company, dated April 10, 1922, has
been. extended from April 25 to May
Montana Power gross earnings for
first quarter of 1922 amounted to ST..
727 400, against 1.73O, 800. Net after
taxes and available for bond interest
oToSnted q. y to 81. .o4s,o5e, against 81
AT the annual election of the Penn
sylvania Railroad Company. Effingham
B. Morris, Shomas Dewitt Cuyler, Levi
l.. Rue and Spencer G. Gilbert were re.
elected directors to serve for the term OF
four years from this date.
A surplus of $2, 4O4 $50 after provid-
Ing for taxes and bond interest, but be-
fore allowing for depreciation and de-
pletion, was shown by the Cerro dc
Pasco Copper Corporation last year.
This is equivalent to $287 a share on
the capital stock.
l--Charles G.. Frick. treasurer of the J.
Sullivan 4 Sons Manufacturing Com
pany. manufacturers OF silk and cotton
narrow fabrics. has resigned, after a
continuous active connection of forty
years, effective April 90, 1922,
Merritt OIL Company reports for the
year ended December 81 last net earn
ings Of 5000, ,466. compared with So.
401, ,004 the previous year. and deficit,
after dividends. of SCAT .126. contrasted
with a surplus Of S170.107 reported at
the close Of 1920.
The Eastern Steamship Lines, in tho
after allowing for nil deductions.
S63. .s48. or sic, 1906 less than in March.
1921. For the first quarter of 1922 the
company reported deficit Of $174, ,282,
agoinst deficit Of S232, ,285 for the
same period in 1921.
The rise of the mark to a hiRh of
$.O043% yesterday afternoon repre- :
sented gain Of $.O0141a, or about
4S.8 per cent. since the record low of
S.OO2ON was reached March q. Prac
tically the entire increase has occurred
since beginning Of the Genoa conference,
as the mark closed at $.00321s Satur-
day, April 6.
The report of the Duluth. South Shore
and Atlantic Railway for 1921 showed
deficit Of 81, ,5S2. .S52. after taxes and
charges, compared with a deficit O,
S329, ,8s3 in 1920. Gross income last
year was 81 .452 ,423, and expenses
taxes and other items $4,955, 100. In
terest charges. rents and other expenses
we're 81 ,127 ,682.. against $1,111 ,7O6 in
1920. In 1919 >the company reported
a deficit Of $413, ,508.
Gross operating revenue Of the Unior
Pacific decreased from $15 $40 ,196 In
March. 1921, to $15, ,1O4, ,920 for March
this year, a reduction of 2.S per cent
The saving of $592, 1873 in operating ex
penses to a total Of $1O.032, ,197 thi.
year, however, proved an Offset to the
loss in business, and enabled net oper.
ating income to increase sos, ,240 to q
total Of $2,O71 .815 for the month. Tn.
operating ratio for March was iii
per cent, decrease of 1.SO Per cent al
compared with March, 1921.