Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-08-07
Financial Briefs

II LtLuFtCLuL DTLGIS
Interests associated with Edward b.
Smith have. after period of negotiation.
purchased the holdings of New Yorlkers
In the Philadelphia and Western.
Basic conditions continue to improve"
says Bradstreets land feeling as to the
future Is more optimistic, but withal
conservatism, born of uncertainty ms to
results likely to follow wet harvest,
with some toning down of earlier ex-
uherant crop estimates, is quite marked
in grain-ralsing sections. So on the one
hand. country buyers are inclined to be
cautious, while on the other, those hail
ing from metal manufacturing centres
are more set upon going ahead How
ever, good crops are still In prospect, talk
of prosperity to come Is rife throughout
the West, visiting buyers have been suf-
fioiently numerous at the larger markets
to make for heavy house trade. mar
ket week at the metropolis of the West
witnessed the presence of more buyers
than ever before at this season, and
metal manufacturing lines are more
active"
For the month of July 26 railroads re-
port a decrease in gross earnings OF A,-
| 2S2, 2,4l0
Rumor has 1t that the American Can
Company will announce the closing of a
S4O,OOO,OOO shell contract in the next 10
days.
The untitled tonnage of the United
States Steel Corporation will be made
public on Tuesday next. An increase of
100000 to 100000 tons is generally ex-
pected.
The American Woolen Company is get
ting numerous contracts from abroad for
woolen goods for army use.
The city of Cambridge, Mass. will re-
ceive bids up until 12 noon, August 10,
for the purchase at discount of a S25O,OOO
temporary loan.
The city of Newport, R, l.. will receive
bids up until p m, August 12. for the
purchase of $4,000 AZ per cent. coupon
fire department bonds and $4,000 per
cent. coupon Broadway Improvement
bonds.
Wheat exports from the United States
and Canada this week totaled 3.l2,65O
bushels, compared with 2,S66,O4O last week
and 594, ,3i3 a year ago. says Bradstreet's.
were 16SlO,5lS bushels compared with
81, ,995, 1926 last year
Frederick Peirce of N W. Halsey &c
Co, has returned from a siX-week trip
to the Pacific Coast,
Ralph Peters president of the Long
Island Railroad, has left on vacation
trip to tho Pacific Coast He will return
about September /.
The total production of pig iron in Can
ada I'm 1914, as reported by the American
Iron and Steel Association, was 7O,si2
tons, as compared with 1,Ol6,llS tons in
1918,
According TO r. G., Dun & Co., failures
In the United States this week were 5l6
against 375 last week, All in the preceding
week and 1858 in the corresponding weeH
OF 1914. Failures in Canada numbered q,
against so last week, AZ In the preceding
week and 81 in like week of last year.
Foreign orders aggregating more than
$50 900 900 have been placed with the
pittsburgh Foreign Trade Commission,
with the request that they be distributed
among Pittsburgh firms. The largest
order is for 5SS5 railroad cars and pas.
senger coaches, to cost between SO'oOO
and si5 600 each.
Jav Cooke, of c. d. Barney CO..
leaves next week for the Pacific coast
George II. Frazier, Of Brown Brothers
& Co, leaves next week for hunting
trip In Wyoming
John b Evans. Assistant City Treasur-
err Is expected back from his vacation
Monday.
Besides the seven trust companies In the
Clearing House Association, 10 date 20
other trust companies have slgnihea lhel5
bv the Philadelphia Clearing House Tor
the collection of checks OF non-members'
Sales @ long term municipal bonds IN
IuIv aggregated S27, sos, SOS, an increase OF
a s5t Ss5 over July, 1914, For the nrst
seven months this year the municipal
bond sales totaled S34s.lO5 sss, decrease
OF sil ,22s. .267 from the corresponding pc