Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-06-28

Exports of general merchandise at the
port OF New York for the week ended
June 25 totaled S16763,oS3, an increase OF
1886, 07S compared with sar week last
year. Imports for the week totaled S2O,-
sf,056, an increase OF $5,19l,lOO
THE effect OF competition of European
war issues on hlgh-grade American bonds
on the markets in the United States IL
being carefully considered" say 10. Is.
Smith & Co. "At this tlme It Is believed
that such competition may not be to
tho disadvantage OF American bonds,
for the reason that the difference created
by foreign exchange, income and other
taxes acts In favor of our securities.
Then. too, much OF tho money obtained
for war Issues will be expended In the
United States, which will supply greater
buying power for all classes OF securl-
ties"
A total of s2.576, ,431.s42 of American
Railroad securities was until recently
owned by foreign investors, according 10
a compilation made by President l.. f.
Loree, OF the Delaware and Hudson Com
pany, from data collected from virtually
all the railroads OF the United states be-
tween October, 1914 and April, 1913. In
n statement making public these results,
President Loree calls attention 10 the
fact that n large amount OF these securl-
ties since the beginning Of the war nave
been returned to this market, and an
nounces that he will now ask the rail-
roads for similar information for the
period between July next and Decem-
ber 81.
New York banks gained $4s6,OO0 from
the Subtreasury Saturday and have
gained 81 S66,OO0 since last Friday.
The anthracite colleries OF the Lehigh
Valley Coal Company will be shut down
the first seven days Of July
The annual report of the Pierce OH
CORPORATION showed net profits of S5lS,222'
but interest payments and other expenses
left a deficit OF slOl,5 ,56l. The credit bal
ance profit and loss on December 81 was
Ss9,935
National Refining stockholders VIII be
permitted TO subscribe to COCO shares or
preferred stock now in the treasury at
500 a share to the extent OF 7ls per cent
OF their holdings. The new stock Will be
payable in whole or In part on or before
July /, 1915. and at subscribers option on
October ], 1915.
There has been placed on the regular
list OF the Philadelphia Stock Exchange
additional stock as follows; American
TeIephone and Telegraph Company, SSlb,-
700: Interstate Railways Company, SS5,-
43O permanent preferred; Electric Storage
Battery Company Common SlO'OOo leaV-
Inc hut sl2T.5OO preferred which has not
been exchanged into common stock
There has been stricken on the regular
list si2O. 900 consolidated mortgage "a per
cent gold bonds OF the Lehigh Coal ana
Navigation Company
The Lake Superior and Ishpeming has
ordered 400 ore cars from the Cambria
steel Company,
The Michigan Copper Mining Company
has levied an assessment OF II snare
payable July ls'
G II Bean & Co.. Henry 8 West and
q NJ sharks & co. were sellers OF Lake
SUPERIOR. c. d. Barney 3 Co. bought
Tho FRANKLIN National Bank. IN It's July
5,sas, az trade conditions, points out that
bnsiness totals from January 10 Juhe !
tbIs wear have IN the heavier lines OK
trade exceeded the same period OF lSlS
al well as 1914 The digest however
warns that there must come luli'
-. .yyhen this lull comes, and II Is
airesav in evidence In some parts OF the
oo,,ntrv ana IN some linea OF trade' Il
-a gtva business men no uneaslness
Seosrss what are known as the war
ordsr lines have in so many plants az,
Sss yasdy reached the fullest 2i-hour OUTPUT
ana a further increase is hardly possible, !.
n Is very rare for business 70 remain a.
stationery volume, and When no a.
| ysnce is being recorded thers - usuHliy
e",iS ss,,,ng on even though the falling on
-, u. very slight The general Dusi-
s condiuon Of the country Is better
n.- rs, al any date since the beginning OF
ths i've european war. and activities are mo no.
oaoensd s,1 10 export lines. Domestic nasi'
80 n steadily Increasing In volume,
The MOhawS Mining Mining rom Toaprn 81 q s I pel