Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-02-12
FINANCIAL BRIEFS

All markets in the country were closed
today.
More than 20 per cent. of the outstand.
Ing per cent. purchase money first-lien
coal bonds of the Chicago and Eastern
Illinois Railroad Company have been de-
| posted under the bondholders protective
| agreement.
In his testimony before the House Com
| mittee on Corporations at Providence,
H. l., President Howard Elliott Of the
New Haven, predicted disaster for the
road unless legislation was enacted per-
mitting new financing. He added that IL
the company should go into bankruptcy
credit all over the world would be af-
fected.
The death of Robert A. Balfour may
have an important bearing on the future
policy OF the Union Traction Company.
according to well-informed interests II
Is known that as large holder of this
stock he steadily opposed any sugges-
tlons to pay up the full par value of
the shares. Rapid Transit interests have
urged that this should be done in order
to facilitate extension OF the company's
lines. Coming at this time the passing
or MIR. Balfour Is particularly significant
II Director Taylors plans are to be put
through
The january net earnings of Tonopah
Mining were S5G,S75.
During the week ended February the
United States exported copper in pigs.
lngots, bars, plates, rods and scrap and
old to the extent of 9.714,979 pounds,
valued at I,S1,127, and imported 5,O47 PIP
pounds, valued at S6S6.5i3. England took
FsNn In-
George s. Munson and William Innes
Forbes were elected to the board of the
Eden Mining Company, representing mi
nority interests. This company is con-
trolled by the Tonopah Mining Company
and operates the Panama mines in Mica
ragua.
After years of litigation the bankruptcy
proceedings involving the Iron Clad
Manufacturing Company, of which Mrs
Elizabeth Seaman (Nellie Bly, is presi-
dent, terminated in the United States Dis
trlct Court yesterday when the referee
declared per cent. dividend. This
Is the first and final dividend to be paid
by the wrecked Williamsburg firm. When
the company failed 1t owed 300 creditors
SOi,734 OF this amount $29,617 will be
paid.
The interstate Commerce Commission
In the future will expect carriers when
they file new tariffs TO present concise
statements of the proposed increase,
showing in g general way the measure
of the increases and the reasons for
them The Commission also requests
that the public be prompt in its pro-
tests against proposed increases. that
action may be taken If necessary before
these tariffs become effective,
II Is said that about $4OO0,OOO more gold
will be brought from Ottawa.
Edward F. Kcarney, acting president of
the Texas and Pacific Railroad, has been
appointed receiver OF the Wabash RaIl-
road. He will share the duties with Il,
B. Pryor, who has been one of the re-
celvers since the road went into bank
ruptcy.
The first direct shipment of wool from
the Argentine in 25 years has been re-
celved in New York. The amount Is
placed at 100000 pounds. II is said to be
of first-grade quality.
The French Government tax and Gus
toms returns for January, 1915, decreased
"a per cent. compared with an average
shrinkage of A per cent. in the last FIVE
months of 1914
The Standard Milling Company has
the $40 600, 600 general mortgage |