Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-06-01
STOCK MARKET OVER THE INTERNATIONAL
Financial Briefs


Of the Interborough Metropolitan Com
pany this afternoon the plan calling for
the consolidation of the Interborough-
Metropolitan Company with the Finance
and Holding Company into company to
be known as the 1nterborOuph Consoli-
dated Corporation was ratified by a vote
OF 1,1O6,527 shares in favor and $685. shares
against.
Thomas P. Flower, for many years
president OF the ontario and Western
Railroad Company has been elected
director of the Erie Railroad.
The best bid for $4,000 city of Chicago
~ per cent. bridge bonds, with average
maturity of nine and one-half years, was
96.S06S, by n. w Halsey 8 Co. and A.
B. Leach Co Jointly.
George H. Bruce, formerly Of e. w.
Clark & Co., has become associated with
Henry 6 West.
The annual meeting Of the Pennsyl-
vania Company was held in Pittsburgh
today and the following directors were
elected: Samuel Rea, Henry Tatnall,
George Wood, c. Stuart Patterson, Ef-
fingham b. Morris, w. w Atterbury and
Thomas Dewitt Cuyler, of Philadelphia;
j. j. Turner. Edward 3. Taylor, d. T.
McCabe and G. l.. Peck, of Pittsburgh.
The directors will choose their officers at
a meeting to be held in Philadelphia, tho
date of which was not announced.
Harry F. Gerkin, of l.. L. Winkleman
Co, has become associated with
Hughes & DER
Exports of general merchandise at the
port Of New York for the week ended
fa1 ~
slO03s,Ol7 compared with same week last
year. Imports for the week totaed
Sl912O,62O an increase of s2,2s71o3.
Prime Western spelter for spot delivery
has sold at 23la cents pound. the highest
price made to date. June shipments have
sold at g cents The brass specials"
grade of spelter has been booked at %
cents on some business, and the asking
price of producers for the same grade
has now been advanced to q cents a
pound.
A. j. Earling, president of the Chicago.
| Milwaukee and st. Paul, said: There is
| reason for qualification in the business
| outlook. The revival of business in the
East is not especially large. but It is APP
| parent. Certainly, the crop prospects
are good. The high prices that were paid
| for grain during the frst few months
II
| their grain acreage, and this means new
building and an increased demand for
! lumber in the Northwest. We figure on
heavy freight from now on. The east
bound freight has already picked up and
the westbound shipments are a good deal
| better than they were a year ago.
The American Smelling and Refining
Company has advanced the price of lead
% points to 4,75.
The following stocks were quoted ex-
! dividend on the local exchange, except
! for cash: American Railways, Second and
! Third Streets Passenger Railway and
Frankford and Southwark Passenger
| Railway.
The American Smelling and Refining
| Company again advanced prices of lead
10 points 20 i9O.
The Guggenholm Exploration quarterly
dividend was increased y OF per cent.
to ( per cent
Private reports from well-known Cot
ton Exchange firms and other sources
show a marked degree of agreement on
! the June condition of that crop. None
estimates condition below so per cent. and
none places it over 50 per cent of nor
NAL.
Russia has been the most important
foreign buyer of wire in this country dur
| ing the past month. II Is estimated that
within that period Russia has purchased
! 10000 tons of barbed wire. Great Britain
and France have also been large buyers.
| Copper exports for May we're 1854 tons,
against Sl,9iS in May, 1914.
Owing to the lack OF quorum, the
meeting of the directors of the Western
Electric Company, which was to have
been held today for the purpose of TAX
ing action on the dividend. was postponed
| for one week.
| Additional securities OF various COM
| panies have been placed on the regular
| list of the Philadelphia Stock Exchange
as follows; Sl1S,O00 American Telegraph
and Telephone Company stock. 5000 500:
Rochester Railway and Light consolidated
mortgage per cent. bonds, total listed
50, ,921. .sOO and S261. 900 Public Service Cor
poratIon OF New Jersey, general mortgage
5 per cent. 5O-year bonds, total listed
1856 99S, 900. There has been also added TO
the regular list s1O73,OOO additional stock
of the American Gas Company.
GIendinning & Co. sold Philadelphia
Company IS.
The Atlantic Coast Line has extended
to December /. 1915. the privilege of ex-
changing unified mortgage 50-year 4 per
gage 5O-year series "A" 415 per cent. gold
dc