Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-24

increase of s25t,794, or 1917 per cent
Emergency currency to the amount of
S650.O0O has been retired at the local Sub
treasury. Corn Exchange National Bank,
$4,000; Union National Bank, 100000;
Bank Of North America, $50, 000 and the
| Sixth National Bank, $4,000.
Manufacturing companies of this coun-
try have received orders for war NUM-
tions valued at more than 5000 900 from
the belligerent Powers, according to
Charles M. Schwab
By declaring a quarterly dividend of
per cent. the Midwest Refining Company
made its first distribution to stockholders
since organization last March.
1t was explained that the apparent de-
crease of $i53A in November net earnings
of the Lehigh Valley Transit Company
was chiefly due to the fact that a full
years dividends and an accumulation of
interest from subsidiary companies were
received in November. 1913 while I'm 1914
these dividends and interest have been
received in monthly instalments.
The New York Central new organization
declared an initial quarterly dividend of
ia per cent. Action had been deferred
until the consolidation was complete.
The Baldwin Locomotive Works re-
ceived orders aEsregating six small loco
motives for delivery in January.
The directors of the Federal Resery.,
Bank of Philadelphia. at their regular
meeting today, elected Frank M. Hardt
to the position of secretary as well as
cashier
The New. York Banks lost to the Sub
treasury Yesterday $2,277,OOO and since
Friday S,5S1,OOO.
The bond department OF the w 8.
Baker & Co. will be under the manage
ment of William c. Williamson in the
future.
In the local market today the follow
ing stocks were quoted ex-dividend, ex-
cept for cash. Pennsylvania Company
for assurances on Lives and Granting An
nuities, Minehill and SchuyIkill Haven
Railroad, and Lehigh Valley, common and
preferred.
The average price OF 20 railroad stocks
at the close last night was down to s7.s1.
the lowest point touched since March g.
1903. The high for 1914 was l09.4S.
A New York Cotton Exchange mem
bership sold for 5000 against a previous
price of $500,
Erwin & Co. will move into their new
offices in the west wing of the Drexel
Building Monday next. The Drexel es-
tate will occupy the old ONCE in the
east wing.
The directors OF the New York Central
Railroad Company, at their first meeting
elected fall the same offi0ers that had
served the old New York Central and
Hudson River Railroad Company The
board OF directors also is unchanged.
The Chicago Board of Trade has In
creased the commission on cash grain
transactions Z cent. making It q OF /
cent per bushel, etrsctiye Immediately
The New York Stock Exchange has ad-
mitted the following securities TO the
list; @,19l,sOO nrst preferred. u,i57. 800 sec
ond preferred, 80 $50, 400 common stock
trust certificates OF the Maxwell Motor
Company, 36,as,70O stock trust certificates
extended to 1918 OF the ]. /. Case ThFesh-
ing Machine Company. S171. .60a nve-year
per cent. convertible debentures or the
Inspiration Consolidated Copper Com.
pany.
The stockholders Of the Concord ana
Montreal Railroad have authorized the
issue Of s2O0.Oo0 debsnture bonds The
proceeds are 10 be turned over 10 Boston
and Maine in payment for improvements
made under lease.
The New York Federal Bank redis.
count rate was reduced TO 4h per cent.
for 90 days and Tor longer maturities.
philRdslphia brokers stated they woula
not be surprised 90 see money work 4
little tighter next week. owing 10 prem
arations for the end OF the year ana
January disbursements.
According 10 Bradstrest's, exports of
wheat this week amounted 20 1si6o00
bushels last week. s.7Ql zoo bushels. lsat
year. ss16. 600 0uahelsi since July ~
3Sl 90 bushels. last year. li5. "a 900 bushels
Corn shipments this week 81. go bushels.
last week, LISA ooo; last year i4000 Corn
shipments since July 4 amounted ~
8 Sc 20 bushels, compared with .o9I "a
buahsls durln4 the SANE period q 1919
A protective committee has BEEN fornsaa
for the preferred AID common sloeil- ~
the Toledo. st. Louis ana Western Rai5-
road nov "a the hands q s recslVsr
stockholders are asked 10 depoait ttsif
stocks with the Empire Irasi Comnanv
81 NeH HeeE