Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-09-16

assistant secretary and son of the late
| Mr.. Cole. was made treasurer, succeed
ing e. F. Beale.
The North Penn Bank, of Philadel-
phia, which received its charter at
Harrisburg yesterday. will be a State
institution. with $50. 900 capital, to pro-
vide banking facilities for that portion
of the northwestern section of the city
lying between Lehigh avenue, Diamond
street. Ridge avenue and the Pennsyl-
vania railroad.
The Bank of Englandfs minimum dis
count rate remains unchanged at 3 per
cent.
Vice-President Hay, of the Fourth
Street National Bank, has returned
from a two months trip to England
and Ireland.
At the annual stockholders meeting
of the American Railways Company
yesterday the annual report was ap-
proved n the present board of
directors was reelected. as follows.
John S. Bioren. Richard l.. Austin,
William r. Harrity. e. Clarence Miller,
William H. Shelmerdine, ]. ]. Sullivan,
C. L. S. Tingley, Morris w Stroud, of
Philadelphia, inc Heulings Lippincott,
of Camden.
The Chicago Stock Exchange and
Board of Trade We're closed yesterday,
on account of the primary election.
ulA .114~t 80 thA InaAinu
Company will come before the board Of
directors next Wednesday for approval
The bond market continues to show
an Improvement in over-the-counteI
business. According to some of the
bond houses. many old customers long
missing are returning to the Street.
The agricultural department will
issue a report on October 3 showing the
cotton conditions as of September 20
and on October 10 a report giving the
condition of S in.
At the ar al meeting Of the stock
holders q the American Railways
Company Il Camden yesterday the an
nual report was approved n thu
present board of directors reelected.
The sale of the property of tn,
Metropolitan Street Railway Company
has been postponed again, this time t.
November IA. The delay is granted
that the reorganization plans may be.
come more fully developed.
The directors have approved thu
Chesapeake md Ohio annual report fol
the year ended June 30, 1910. The
figures will go at nee to the printer
and 1t is possible they will be readi
for the public the latter part of mex
week. 1t is understood that about 1
per cent. was earned on the stock.
The Pacific Gas and Electric Com
pany, whose securities are held largel!
in this city and vicinity, reports gross
earnings for the six months endet
June 80. 1910, of $7,230,5 3s. and ne
revenue of $3,147. 1877. After deductinl
interest payments of $1,511, 742, SINKING
funds of 1858, 65s. bond commissions anl
expenses of 1923, 610 and $500, 900 divi
dends on preferred stock. a balance re
manned of 500, Iii, which is equal t.
about 10 per cent. on the common stool
outstanding.
The Chicago, Rock Island and Pacif,
Railway Company has issued a repor
to the New York Stock Exchange FOL
the year ended June 80, 1910, which
compares with the report made to thu
New York Stock Exchange a year agC
as follows: Gross revenue, 1910, $66, 220,
$40, increase 1884. 1872; net revenue SIS,
151, 210, increase s735, S09; surplus $4.747,
SS1, decrease $1,1sO, a31; dividends SO, 743,
272, decrease $1S6. TAI; net surplu,
81, 004, 609, decrease 1898, 5s4.