Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-10-19
Financial Briefs

A New York Stock Exchange seat sold
for $4,000. a gain of 5000 over the last
previous sale
Leigh Best. vice president of the Ameri-
can Locomotive Company, was elected a
director TO succeed NJ. Barnum.
The Utah Power and Light, the operat-
ing subsidiary of the Utah Securities
Corporation, has sold s2.5OO0OO 9O-year first
mortgage per cent. gold bonds.
Albert N. Hogg, who has had charge
OF the credit department of the Corn
Exchange National Bank, was elected an
assistant cashier at the directors meet
ing today. Mr.. Hogg has been connected
with the bank for 10 years.
At the annual meeting of the stock
holders of the East Broad Top Railroad
and Coal Company today President Rob-
erts and the retiring directors were re-
elected. The number Of shares voted
was 1920 out Of 1S,774.
The Land Title and Trust Company an
nounces the opening of railway and
steamship ticket offices under the direc-
tion of Charles S. Knowlson, manager OF
the travellers department. In addition
TO the Lehigh Valley Railroad ticket Of
fces, the department represents various
water lines
An initial quarterly dividend of $3.50 per
share was declared by the Ahmeek Min
ing Company on the present capital stock
of 10000 shares The previous dividend
was $40. paid July l. 1915. on the old capt.
tai stock of 10000 shares.
Trading in Midvaie stock was active on
the. New York Curb today. The closing
price last night was 81, and sales were
reported to have been made in the Street
at 90. The highest point reached today
was 81, and later II fell back to 94% bid
and IS asked. AT the top mark 1t was
1874 above the opening on Saturday.
The American Hide and Leather report
for the quarter ending September 30
showed a surplus of 347.S57 compared with
a deficit OF SS5.3i9 for the corresponding
period of 1914
On the New York Exchange $500 Anglo
French per cent. bonds. when issued.
werr sold today. The high was 9Sls. low
s7H and the last 9s.
The Seaboard Air Line Railway stock
holders will hold a special meeting at
Petersburg Va, on November Is, TO
ratify the merger with the Carolina, At
lantic and Western Railway. and also to
approve mortgage for sSOoOOc.oOo.
Inc annual report OF tne new lOIhs
New Haven and Hartford Railroad shows
a surplus of sz.307.s7l. against s26s.66S in
1914. This Is equal to LAG per cent. on
the capital stocks.
]. ]. b. McKennan and w. B. Dickson
were elected directors OF the Colorado
Fuel and Iron Company.
The Governing Committee OF the Phila-
delphia Stock Exchange at it's meeting
late yesterday elected Robert Cherry. Jr.,
70 membership on the exchange, and APP
proved the transfer 10 him of the seat
which he purchased.
The New York Stock Exchange has ad-
mitted 20 the list Tennessee Copper Com
pany hrst mortgage l0-year convertible 6
per cent. bonds, due 1925. when issued"
Tennessee Copper Company rights"
have also been admitted 10 dealings.
Notice has been received OF a proposed
increase In Philadelphia Company COM
mon stock by tz.50o,OO0
The copper visible supply In England
and France. and ahoat thereto. has de-
creased 5i66 tons from October 1 10 Octo-
Der Is. being 7.767 tons on the latter date.