Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-08-02

delphia. has raised the call money rate
officially to 5 per cent. 1t is expected
that all the banks will raise the rate
to s per cent. shortly.
The average of the reserves Of The
clearing house banks last week. in
Philadelphia. was 2ss per cent. COM
pared with 2s.s per cent. the week
previous. Nine banks were below the
required reserve compared with six the
week before.
A. B. Leach g. Co. have been awarded
5000. 900 City of schenectady, N. T., ~
per cent. school bonds, maturing SIS, 900
annually, July, 1911 to 1880, inclusive.
The bonds are offered at 102h per cent.
and interest, to yield 400.
There has been regularly listed on the
Philadelphia Stock Exchange additional
amounts of stocks. as follows: Five
thousand eight hundred and fifty dol
lars Of Pennsylvania railroad, SIG. 100
Insurance Company of North America,
$685. 700 Lehigh Valley. and to unlisted
department $4,000 American Milling
stock.
A few of the August l coupons of the
Interstate Railway Company 4 per cent
gold bonds were presented at the Real
Estate Title Insurance and Trust Com
pany, the fiscal agent. yesterday, In
Philadelphia, and, as was expected
payment was refused, no funds having
been received from the railway com
pany. thus constituting a formal .ie-
fault.
The second mortgage 7 per cent.
bonds Of the Lehigh Valley Railroad
Company reach maturity ON September
1 e mi will be paid of.
The Capital Traction Company, cf
Washington. has notified the Interstate
Commerce Commission that It has con-
trncted for $50 new cars at a cost If
se5o,000 and FIR extensions Of its
terminal facilities. car barns. etc, in
volving a total outlay of about 81. SOC. 600.
At the annual meeting of stockhold-
ers of the Equitable Illuminating Gas
Light Company, of Philadelphia, yes
tDtdaJf LAW tNAAttB6 DO0Aa VI ulfGClOTc
was reelected to serve for the ensuing
year.
The Lehigh Valley railroad notified
the Philadelphia Stock Exchange yes
terday that all the new stock that has
been subscribed TO and paid for up 70
and including Thursday. July 2S, is
ready for delivery. All stock paid for
from that date to and including {
o'clock yesterday will be ready for de-
livery tomorrow.
The depression in last months Sc
curity market and the seasonable lull
in business coming with high produc-
tive cost told severely upon fotations
of new corporations during the past
month. The total capitalization of all
companies that filed papers was s14S,
S67. $50. against $3.50, Ill, 800 In the same
month a yea ago. In June last the ag-
giegate was $s11. SAT. 400.
Tho gross revenues of the American
Telephone and Telegraph Company fol
the first six months of 1910 were $50,
634,614, an increase of 1892, 522 over the
same period last year. or 11.8 per cent
The net earnings over interest charges
were SIS, 100, 44S, an increase of 81 76. 43l
Dividends amounted TO So, SIS, 026, leay-
ing a surplus of Sc. 10. 422
Bangor, Me-, has awarded a tenn
porary loan of $4,000, maturing Decem-
Der /, to the Eastern Trust and Bank
ing Company. Bangor.
| -
The Coney Islf nd n Brooklyn Rail.
road Company has been granted per.
mission by the Public Service Commits
sion to isEue s4ss,5Ss bonds for I'm
provements.