Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-03-25

| ne feuefHl keSelNe Bank OF lnllauel-
phia has houEhr $4,000 municipal war
rants aud 100000 acceptauces, The di-
rectors of the bank met today, and after
the meeting It was said there was nothing
- give out.
f. l.. +. Gauss has been elected presi-
dert of the Sterling Gum Company. He
succeeds f. Y, CANNING. The latter re-
malns ON the board Of directors w. u.
Shea:man has resigned as secretary. 7.
y. N".d. treasurer of the company, will
also MI the position of secretary.
Sales of prime lake copper have been
made at log cents for immediate ship
meut.
During the past week tho Treasury has
Withdrawn from national banks $3,oo0,O OoO
in Government funds
BY declaring n semi-aunuaI dividend Of
; per cent today the directors of the
Manayunk Trust Company Increased the
annual rate per cent. previous pay
ments having been per cent. annually.
The plan of reorganization which will
probably bc accepted by representatives
Of the 81, Louis and San Francisco Rail-
road Company calls for an assessment of
Sl5 share on the three classes of stock,
This would raise $I50OOOO, In return
shareholders will receive a security of
value, perhaps an adjustment income
bond
The Bank Of Snain, taking advantage
of the present high value of pesetas has
purchased an important stock of gold
with a view to establishing a gold stand
ard in the near future.
The directors of the Northern Central
Railway Company at their meeting for or
EaniZation reelected President Samuel
Rea and other officials.
The Fourth street National Bank will
probably participate in the new Sl50OO,O00
loan that is tn ne obtained by the Argen-
tine Government ON lis treasury notes
from bankers i'm New York, Boston. Chi
Cago, Pittsburgh and this city, The war
rants are to be in serial form, part of
them maturing every three months.
The directors of the Cambria Steel Com
pany met for Organization today, and re-
elected the present officers Of the COM
pany.
Foreign brokers think London has sold
In the last week some $4,000 shares Of
Urion Pacific
\. n, each & Co aud llountz Bros. &
Co. We're the successful bidders for the )
per cent bonds Of the city Of Quebec,
Canada, tn the amount of S2l25O 600 a. B.
Leach Il co, have also been awarded $780,
900 st. Paul, MINI. waterworks refunding
lI-ycar llgs $4,000 3O-yeaT bridge 44s aud
$4,000 o-year sewer az per cent. bonds.
William II. Arnold, formerly with
Dewitt, THmhle 4 Co, is now associated
with the nond department of William p.
Bouhright & 60.
A large tonnage Of bessemsr and basic
pig iron has been tentatively engaged with
valley blast furnaces for export to Eng
land
The Texas Company reduced prices for
Cadde light crude oil 10 cents a barrel
10 60 cents, and De Soto light crude oil
10 cents a barrel to SO cents,
SO far this week the New York banks
have lost Sl431oOO through Subtreasury
operations.
George A. Huhn & Sons and Moutgom-
cry, Clothier a TYLER were the chief sell
ers of Lake Superior
The United States Steel Corporation has
hYe blast and 20 opeB-hearth furnaces
now active out OF q total OF eight blast
and AZ open-hearth furnaces, and this
week will add one more blast and six
open-heaTtE furnaces, making the total
active six blast and 2S open hearth The
Gary mills will then be running over 50
per cent, OF capacity, employing about $500
men, against capacity maximum OF S000
Judging from the large number of
applications received By William Dick.
of the Hoard of Education the 8, 000 600
school loan should be oYersubseribed
For the second time Virginia Carolina
Chemical Company deferred action on
the quarterly preferred dividend,
The Pennsylvania and DlecshaR sugar