Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-07-23
oUKE AGANsI RAILROAD SHARES WAS DEPREssNG FAlrnR IN o
Financial Brtefs

According to Bradstreets exports oil
I whent this week were tis2O0O bushels
last week, 100000 bushels. last year
10000 bushels Since July /. iO,7b2. 00
year aEo, BTs6,OOO Corn shipments this
| week, S50OO0 bushels last week. l5f0O,
laet year. 5000 Since July l. t5000OO
year sao Moo
I The New York Cotton Exchange makes
/ ti,- ..iiuHat OF cotton brought into sight
| for the week as 72s5s bales, against 1903
/ bales last year.
I The Buffalo General Electric Company
has sold N.250C00 lst mortgage Sc. due
1889 to Lee, Higginson & Co.
Harry Raphael, treasurer OF the Cen
/ tral Leather Company. has been elected
q director Of the Emerson Phonograph
Company, IN place OF Miles r. Bracowell,
resigned
John J Henderson, OF Ncwburger, Hem
derson q Loeb, Is spending his vacation
IN New Hampshire.
The first bale Of Georgia cotton this
season was sold at auction at Savannah
Tor Is LID cents pound and sent 10 New
York By express.
Indiana and Illinois bltuminous coal
operators have advanced prices 10 cents
n ton, effective August l. BY August Is
another increase Of 10 cents is contsm-
plated. making a total advance OF 10
cents in a month and a half.
William II. Bonner, president Of the
Cambria steel Company, Is staying at
squirrel Island, ontario, Canada, for a
brief vacation.
J. p. Morgan is cruising on his yacht
the Corsair, and is expected back IN New
York Monday
Samuel Graham, Ir., has been appointed
assistant cashier Of the Third National
Bank.
On September % stockholders OF John J.
rein a Co., Inc. will hold special
meeting at 4l42 Germantown avenue to
vote for or against proposal for the
increase of the capital stock of the COM
pany from $4,000 10 S1000,0OO and for
the voting for or against the Issuing (
S25O.OOO of such increase in preferred
stock and S25O,0OO of such increase in
common stock.
George II. McFadden g. Brother will
on Saturday join the New York Cotton
Exchange Clearing House Association.
The Committee on Securities of the New
York Stock Exchange rules that unset
tied contracts in the stock OF Amalga-
mated Copper Company Qncludlng loaned
stocle) after July 30. 1915 must be settled
by the delivery OF the equivalent IN
Anaconda Copper Mining Company stock,
and a due bill for the cash, as distributed
by the Amalgamated Copper Company.
Also, after July %, 1916 contracts IN
Anaconda Copper Mining Company may
be settled by delivery of either cor
tificates Of the par value OF $50 per share.
or OF double the number of shares of
the par value OF $25 per share. That
after September l5 1915, only certificates
of the par value of $50 per share will
be a delivery.
The New York Stock Exchange Clear
ing House Association today issued the
following; Members are cautioned in
clearing Anaconda to see that only entries
on the basis OF $50 par value are put on
the sheets Lots OF less than 100 shares
of $50 par value will not be cleared"
The Pepperell Manufacturing Company
! declared an initial scmiannual dividend
Of So share on It's lcw stock This is
at the rate of IS per cent. on its old
capitalization, compared with previous
dividend rate of l2 per cent
The Michigan courts have fixed the up
set price on Pere Marquette at Sii,O0O0O0,
subject to underlying bonds November Is
next has been indicated as the date of
sale, but final determination of this date
Is left TO the concurrence of courts IN
other jurisdictions. Junior bOndholders
are privileged to interpose an appeal
Net sales of Cluett, Peabody & Co. for
the six months ended June 80 decreased
S55SOSs, but expenses were reduced 10
such an extent that net profits showed
an increase Of Sl39,9s4.
Exports OF copper from the Atlantic
ports for the week ended July p totaled
1910 tons. Since July l the exports were
I059S tons, and for the same perl0A last
year 2S.i75 tons.
Following n recent Interstate Commerce
Commission order to telegraph companies
TO cease attacking original messages to
their bills to senders, Comptroller Downey
Treasury will pay no such bills unless the
original messages are attached.
The Iron Age quotes blllets up 81
ton; open-hearth sheet bars, 80 cents a
ton. and tank plates, 81 ton,
its Arst commercial copper and has
shipped II direct to Europe Daily ship
msnts OF ore 20 the mill are running about
1000 tons against 10000 tons. the capacity
the first unit