Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-06-18

The Jones 6 Laughlln Company has
raised prices for steel bars, plates and
shapes to S25 per hundred pounds, an
advance of 81 per ton and equaling the
price of the Steel Corporation.
The assessment which has just been
levied by the Federal Reserve Board on
the IL reserve banks will amount to
about $1050O for the Federal Reserve
| Bank of Philadelphia. The assessment
! will be equal to 1-10th Of per cent. on the
gross capital OF each institution, one-half
to be paid July and the remaining half
| September L The present gross capital
of the local reserve bank Is S12, 49,, 400, but
on July l S1,92490O capital of northern
| New Jersey member banks will be trans
ferred to the Federal Reserve Bank of
New York. Therefore, the Philadelphia
assessment will be based on gross capital
of s1O.527, 500.
Charles s. Patton, OF sailer & Steven
son. leaves July Cor a trip to the Pa
clfc coast.
Discussing trade conditions, Charles NJ.
| Schwab says the steel industry is in
good shape and that the Improvement
which has been underway for the last
several months would continue. The
| domestic business of the Bethlehem Steel
| Company has been improving, and the
rail and structural mills are operating
| around 70 per cent. of capacity. Mr..
| Schwab looks for a substantial gain in
steel production in the United States and
better prices.
The Hooking Valley Railroad reduced
its seniannual dividend from to l per
cent
In addition to the regular quarterly
nayment the REQ Motor Company de-
/ ixgfH NP nRr
There was deposited $500, 900 In gold in
the New York Subtreasury. The metal
came from Canada.
The Pressed steel Car Company has
placed orders with the Carnegie Steel
Company for 5000 tons of steel for con-
struction of 1000 cars which 1t will build
for Russia.
The price of lead fell 25 points to q
cents.
Exports OF copper from Atlantic ports
for the week ended June II, 1915, totaled
244T tons; since June l, LILO tons. and for
the same period last year 14,22s tons.
Tho wheeling Steel and Iron Company
directors have passed a resolution call
ing a meeting of the stockholders on June
80 20 act on the matter of using funds
10 the amount oL sOIVVpsNVV 4OE llpEoNe-
ments.
First sales OF the new New York city
stock when, as and II issued, were made
on the Curb at i030103h.
The Giles report estimates cotton con-
dition as OF June 10 at s0.2. against S2.S
on May Is and 75.2 June 10. 1914. The av-
erage condition on an approximate date
| OF June 10 for the last nine years is sL5.
The Columbia Gas and Electric Com
pany has obtained the control Of the
United Fuel Gas Company of West Vlr-
ginla through the acquisition of 81 per
cent. OF that company's capital stock and
In addition a large amount of cash, both
in exchange for securities now owned
by II In the EaRk Ohio Gas Company.
According to Bradstreet exports OF
wheat this week were 47s7,0o0 bushels;
last week. 900 bushels; last year.
seS5, 600 bushels; since July /, $50, ,Ts5, 600
bushels year ago. 24s,725 600 bushels. Corn
shipments this week. $4,000; last week.
s62 COO; last year, 1900; shipments. since
July !. amounted 10 ss7e2.000 bushels.
compared with. 2,s46, 900 bushels during the
same period year ago.