Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-17

Stevens Heckscher and Thomas s. Gates
were appointed managers OF the Phila-
delphia Saving Fund Society to hll va
cancies
The St Lawrence Flour Mills Company
declared a dividend OF "a per cent. on
preferred stock representing accumulated
dividends TO August ]. stockholders
agreed to accept 10 per cent OF the
dividend in stock. which will raise the
capital OF the company $4,000,
The Interstate Railways Company has
decided to retire 100000 OF its preferred
stock, of which s1,OO0.000 is outstanding.
The surplus has reached proportions
which will permit the retirement OF the
stock in yearly instruments.
Twenty-three railroads reporting gross
earnings for the FIRST week in December
show decrease OF ssO7.sei, or s.7e per
cent.
A special meeting of the stockholders
OF the New keystone Copper Company
will be held January to authorize a
sale OF the company's physical properties
to the Inspiration Consolidated Copper
Company.
The Cruoible Steel Company Of Amer
lea has deferred action on the dividend
was taken three months ago
Cable dispatches from London say that
the Grand Truhk will Issue e1,0O0 900 81
per cent. three'year notes at 9slE.
The liabilities of j. F. Pierson. Jr.. &
Co. are placed by the assignee at Sls4, 800;
assets sl90,o5O.
Edward T. Russell has resigned as .
director of the Continental and CONNER
cial National Bank OF Chicago and
Arthur REYNOLDS has been elected his sue
cessor. Mr.. Russell also resigned as
director of the Continental and Commer-
cial Trust Company
New York banks lost se42.OOO to the Sub
treasury yesterday and since Friday have
lost Sc, 6,221,UOO.
The minimum price on United Fruit has
been reduced from l25 to 1l5 by the Spe-
clal Committee OF the Boston Stock Ex-
change
The total amount OF emergency cur
rency outstanding in the United States
has been reduced to Sl6O'OoooOO'
An order from the French Government
for $4,000 pairs of cotton socks was re
ceived by the Paramount Knitting Com
pany Of Hankakee' I'll.
The price of refined sugar was ad
vaneed 20 points TO 5,O5 cents.
The annual election of the Reliance In
surance Company for directors viii be
held on next Monday at 1e o'clock IN the
company's offices,
A prominent foreign exchange house
reported this morning that II was han
ding for the first time documents repre-
senting dollar exchange on Buenos Aires
account.
The California Railway and Power Com
pany, which controls the subsidiary com
pRnles of the United Railways Invest
ment Company that are situated in the
State OF California. has Issued its first
annual report. covering the IS months
period from December r. 1912 when the
company was Incorporated. 10 June 50,
1914. the end OF the fiscal year. NIts in
come account for the period stated above
follows; Total income, Ss29.9Oi; total sx-
penses, 81, l67; net income, ss0s. 734: pre-
ferred dividends, ses27sI; proht and loss
surplus, sil5,sSs,
Cotton exports today established a new
record for one day, the total being 10000
bales.
| The De Long Hook and Eye Company
reduced the quarterly dividend from 70 1
| per cent
The city OF Albany sold s5s2, 600 ~ per
/ cent. registered city bonds TO Eastahrook
| & Co. at SlO2.7l, There were Il bidders.
! The New York Stock Exchange mem-
| bership OF Julian Dick has been posted
/ for transfer to David Tvea Mackie The
consideration was S3S,OOo, unchanged from
last preyiUus sale.
The New York banks transferred sl50oO
| TO New Orleans
| T ! : - = = =