Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-01-16
FINANCIAL BRIEFS

'Rhe New York Stock Exchange Com
mlttee has established minimum prices
on Rumely preferred ., American Malt
preferred 2s
Commercial failures this week IN the
United States are sol, against So last
week. iSl the preceding week and i93 the
corresponding week last year
According to Bradstreets, conditions in
trade and industrial quarters are awaken
ing to improved impulses, while con-
fidence IL replacing uncertainty. AS yet,
actual business has not gained the pace
displayed by the spread of optimism,
orders being of the steady, progressive
type rather than spirited. However con
seIvatve improvement is reflected in a
number of lines, and while orders calling
for immediate shipment continue to dom
mate, there is more disposition to pin
faith to the future.
The Western National Bank of Balti-
more, Md. has retired $50.OO0 emergency
currency at the local Subtreasury,
Bids of is to y were placed for Lit
Brothers stock shortly before the close,
but there were no sales recorded.
The spot quotation for standard gran
ulated sugar has been advanced 10
points to sos cents,
1t is estimated that the amount of
emergency currency outstanding among
the national banks of Philadelphia has
been reduced to around Sl5O,OOO
The gross earnings of 30 railroads for
the first week in January show a de-
crease of S1,427,O39.
The stockholders of the New keystone
Copper Company voted to accept the Of
fer Of the Inspiration Consolidated Cop
per Company to buy their property. In
spration will exchange one share of its
stock for each nine shares of New Key
stone 1t is intmated that the sale will
be contested in the courts.
The Committee on Securities of the New
York Stock Exchange rules that Bonds
OF the Japanese government bearing rev.
enue stamps of any foreign government
shall be dealt in specifically, and so
quoted, and will not until further notice
he a delivery for other than such spe-
cfc transaction"
The Tonopah Belmont Mining Company
reports December net earnings Sl17604;
Jim Butler Mining Company December
net earnings $l3339.
The Philadelphia Stock Exchange
Special Committee, with view of grad
ually removing, as conditions may war
rant, all minimums on prices of secur-
ties. announce the following changes of
minimum prices on stocks named effec-
tive Monday, January is, as follows:
Cambria Steel 80: Storage Battery, 30;
General Asphalt, 80; General Asphalt pfd.,
65: Lake Superior Corporation, 9: Louis
VILE and Nashville, 70 Louisville and
Nashville trust certificates 20; Philadel-
phia Electric. 20; Philadelphia Rapid
Transit, 10; Philadelphia Rapid Transit
trust certificates. 10; Union Traction, 80;
United Gas Improvement, 7j
1t is understood that Japan has just
purchased i'm this market 25OOO,OOO pounds
OF copper and taken option upon another
large lot.
The average price of leading railroad
stocks on the New York Exchange scored
a new high record since the resumption
of business at 9l.22. The low point was
s74O, on December "a.
The Hollinger Gold Mines, Ltd has
placed the stock on an annual dividend
basis of 50 per cent. Hollinger has been
paying per cent. each 2S-day period, or
80 per cent. per annum. Beginning with
the 30th dividend, payable January 2S,
the rate will be 4 per cent. every four
weeks.