Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-08-02
Financial Briefs

Financial Briefs
Frederick T. Martin. formerly cashier
of the Corn Exchange National Bank,
has been appointed vice president, and
Edward S. Malmar formerly assistant
cashier has been appointed cashier.
The Prairie oil and Gas Company an
nounced an advance OF 10 cents atbarrel
in the price OF Oklahoma crude oil to
30 cents barrel.
George w Drucker was elected a di-
rector OF the wolverine Copper Milling
Company to MI vacancy.
A week from today the New York
banks will begin the collection OF checks
In wide area in pursuance of the ea-
adjustment or the Gearing HLire OF
department for the collection Of coun-
try Items drawn upon banks III Connccti-
cut. New York, New Jersey, Massachu-
sets and Rhode Island. The banks In
these States have agreed to remit at par
on receipt by draft on New York or
cash The effect will be to collect checks
more eXpedltiously and to make the
movement of funds more prompt and
more economical Phladelphia's banks
may be affected to moderate extent by
the withdrawal of items which hereto
lore have been collected by them for
banks located in the FIVE States mem
toned above.
The Cleveland and Pittsburgh Railroad
has applied to the Utilities Commission
for authority to issue Sl,22205O special
guaranteed per cent. capital stock,
which is to be turned over to the Penn
sylvania at par for improvements made
in 1914 Hearing is set for August 16.
Oklahoma estimates of the wheat crop
range from 100000 to 45000,00O bushels.
August corn condition is So and acreage
102. Quality of oats has been reduced
by rains at harvest time.
The Comptroller of the Currency has
extended the corporate existence Of the
National Bank of Slatington. Pa, until
July 20, 1915. and of the Western Ma
tional Bank, of York. Pa, until July 1,
1895
National bank circulation for the month
decreased $l4,672,2aO.
There has been added to the regular
list of the Philadelphia Stock Exchange
$l24sOO additional capital stock of the
American Telephone and Telegraph Com
pany-issued S122,6OO in exchange for $l25,-
600 convertible 4is per cent. bonds of
company cancelled and stricken Off the
list, and $22OO in exchange for $1,000 con-
Eertible per cent bonds of the COM
pany; $1,000 additional permanent preferred
stock of the Interstate Railways Conn
pany. issued in exchange for certificates
OF deposits: $500 additional American Gas
and Electric Company collateral trust
per cent, gold bonds.
c.. s. carrigan was a buyer of Rapid
Transit.
Receivers of the remaining Cape May
properties of N. Y. Graves advertise them
all for sale on August H. The properties
are estimated to be worth about 100000.
The Coplay Cement Company has de-
clded TO resume the payments of dlvi-
dends and has declared per cent, pay
able August 16. For the last six years
the company has passed its dividends.
The London Stock Exchange, as we'll as
the English Grain, Cotton and Provision
Exchanges, were closed today on ac-
count of bank holiday.
The New York banks lost to the Sub
treasury Saturday SSO6,OOO, and since FRI
day s2,0750OO.
The United States District Court has
allowed an appeal to the United States
Supreme Court In the Government suit
against the Keystone Watch Case CoIn-
pany, which was decided in favor of the
defendant company.
Pennsylvania and Northern Liberties
Gas shares were quoted ex-dividend. ex-
cept for cash.