Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-07-28
OONIUED TO HOLD INTEREST IN SCORING WIDE GAINS
Financial Briefs

The Franklin National Bank. In its
august digest OF trade conditions saws.
me area Of poor business conditions IN
the United States continue TO diminish
s snu az present covers only a part Of the
/ southeastern States. including a strip
along the Atlantic coast from South Caro-
| INA 70 New York. The Central West IL
particularly active, and the business man
| oi tne whole country today Is as good az
u mas been at any time since 1909. Arbi-
ration OF the existing and threatened
@ @stIihes and lockouts would Immediately
make Il better"
The Reading Railway Company has
awarded the contract for the construction
on superstructure for new bridges Nos. s5
ana ~ across the schuylkin River at Nil
ton' "a, TO the Pennsylvania Steel Com
pany.
The Texas Company announces an ad.
vance OF 10 cents n barrel in the price
OF Humble and Sour Lake crude oil
barrel
J. %. Birmingham was elected presi.
dent Of the Delaware, Lackawanna and
Western Coal Company.
II is said the Electric Boat Companv 10
contemplating establishing a plant in
Canada
A contract for 100000 pounds of aieo-
hol or about 100000 gallons has been
closed by the Dlstillers' Securities Corpo-
ration to be used for the manufacture OF
explosives. The company Is also figuring
on foreign contracts calling for 100000
gallons a month for 70 months
The Philadelphia Stock Exchange seat
bought by f. T. Chandler, Jr., Is re-
ported to have been sold for 5000 or 500
advance over the last previous transae-
ton
New York banks lost s239.OOO to the Sub
treasury yesterday and since Friday
Ss62,OO0.
The Board Of Trade adjourned at
o'clock today out Of respect to the official
day Of mourning for the Eastland vic
Tins.
The Pittsburgh steel Company resumed
preferred dividends by declaring 1% per
cent. today. The dividend was deferred
on August II, 1914
An officer OF the Pennsylvania Steel
Company today made official denial of
a published report that the company had
sold, for shipment to France, $500 tons
The Colonial Trust Company, OF Pitts
burgh, has underwritten S2,5OOOOO Wheel
Ing Steel and Iron Company 1st mort
gage per cent. serial gold bonds These
bonds are part of n s50OO.0OO issue re-
Gently authorized by stockholders. Pro-
ceeds of this sale will be used to cover
tho cost of combination sheet, bar and
skelp mill, now under construction at
Brentwood, w. Va, and to remodel the
company's tube mill and enlarge the tin
plate mills at Yorkvllle.
The cash payment to stockholders in
Anal distribution Of assets Of the ANAL
gamated Copper Company will be 1917
share.
The Treasury Department is preparing
to call on depository banks for a return
Of public funds to the Treasury, between
August 10 and August rs, aggregating
$3,097,500. The banks affected are gener-
ally distributed.
Net profits Of the B. F. Goodrich Com
pany for the six months ended June 30,
1916 amounted TO approximately A,0O0,-
900. after due allowance for maintenance,
depreciation, bad debts and outstanding
liabilities.
The city Of Beaver Falls, Pa, has
awarded Warner & F1tzharris s115,OOO
sewerage disposal and refunding AZ per
cent. bonds dated July l. 1915. maturing
5000 annually, 1921 to 1913, inclusive
Eight other bids were received
Stockholders in the new Cornela Cop
per Company have voted to increase the
capital to s., 900 600 and allow the issue Of
g. 100000 bonds for development of the
property and erection of plant.