Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-06-23

Coal ana Navigation Company, succeed
Ing Samuel Dickson. deceased.
The Iron Age says: The drift Of tho
! steel situation Is seen in the order given
/ by the Carnegie Steel Company for start
/ ing up its North Sharon pa plant, con-
! ssting Of six open-hearth furnaces and a
blast furnace. The company ls also con-
sldering putting its Bessemcr steel works
/ at columbus. o., in operation TO supply
/ steel 10 the sheet bar mill there The
/ steel Corporations orders are now run
( hing about ll0O0 tons a day more than its
output and shipments ure nearly 1000 tons
a day more than at this time last year
/ exports are growing fast and are now
at the rate Of 100000 tons month in
| products reported in tons"
The Rhodesia gold output in May to-
tailed 5000 fine ounces.
The New York Cotton Exchange mem
| bership OF j. u. Waters has been sold
to A. r. Norden for si2.5OO This is n
decline OF 500 from the last previous sale.
Az the annual meeting Of the U. S.
cast Iron Pipe Company, a resolution
was adopted TO reduce the capital 81 900.
wv by eanceling and retiring 5000 shares
or preferred and common stocks now IN
the treasury. II was also unanImousiv
adopted that the fiscal year hereafter
should correspond with the calendar year,
instead Of ending March 3d.
According to the Iron Trade Review the
general movement toward the ndoption
or somewhat higher prices for leading
IRON and steel products, especially shapes.
plates and bars, continues. Railroad buy.
ing Tor domestic use Is more prominent
and additional large orders for Russia
and other foreign countries for locomo-
tiVes and cars are expected.
The highest bid for the s5,7ssOOO Chicago
city per cent bonds was from the Ma.
tionsl City Bank, Of New York, and KIs-
sell-I{lnnlcutt, Of Chicago, for oil or none
at 96599. There were only two other bids
n, w, Halsey & Co. and A. b. Leach
& Co.
j. F. Perkins was made secretary and
treasurer of the Calumet and Hecla Min
ing Company, succeeding G. A. Flagg,
resigned.
The May gross earnings Of the Inter-
borough Rapid Transit Company showed
loss Of S44,164 The net decrease was
sSl 715 For IL months the net loss was
sl2s,112
The Old Colony Trust Company. Of
Boston, today applied to the Federal Re-
serve Board for membership In the Fed
eral Reserve system. This is the third
largest trust company to make appllca-
tion for membership, the other two being
the Central Trust, OF Chicago, and tho
Broadway Trust, of New York.
Prices OF securities at auction today
were a trihe depressed. Pennsylvania
Company for assurances on Lives de-
clined points and Fire Association TO-
Bank of North America lost IA and Sec
ond and Third Streets IN. j. b. Stetson
rose and Northern Trust 1.
The Stock Exchange Committee of the
London Stock Exchange today reduced
the minimum price for consols ~, to s.
The quotation for 2h per cent. annuties
was lowered ~, to g. and for 2& per
cent. annuities IL, to 73.
New York banks lost $685. 900 to the Sub
treasury yesterday and have lost s3 1885,
since last Friday,
The directors OF the Missouri Pacific
have authorized the deposltarles to pay
the June 1 interest and the extension
commission upon such notes as may be
offered on or before June 30 for deposit
under the extension agreement The ex-
the fact that more than $4,000 face value
of the notes had been deposited since the
date of the last extension and that de-
posits to June 20 aggregated more than
423 600
The Philadelphia Company's May re-
port showed "a decrease of s65,599 In gross
earnings, which was converted through
reduced expenditures into a net gain of
S507l9. For the two months there was a
gross decrease Of SlSs,7OS and a net in
crease of s1l6635.
An initial quarterly l16 per cent divi-
dend was declared on Interborough Con-
solidnted preferred
Thomas O. Ralston. OF 8. r. Scattergood |
Company, grain brokers, with offices in |
the Bourse, today bought the Commercial |
Exchange membership of William L. Bear
for Sl29. There were outstanding charges
of Sl42SO against II. which are Cancelled |
by the payment of Sl29.
The Michigan Central raised It's semi
annual dividend from l per cent TO per
cent
The Osceola Mining Company raised its
dividend from 81 to 50 per share.
The Canadian Northern states condition
of wheat crop Is perfect and estimates
total crop OF 26O,OOOO0O bushels, an increase
of 100 100000 over last year
The Canadian Car and Foundry Com
pany has received large order for box
cars from the British Government,
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