Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-12-21
Financial Briefs

AT the annual meeting of the stock
holders of the Cuban-American Sugar
Company the board of directors was re-
elected.
The board of representatives of the
New York Curb Market Association has
listed and admitted to quotation the Cer-
tificates of deposit of the United States
Mortgage and Trust Company for the
common stock of the International
Mercantile Marine Company, of an
amount not to exceed Si9S72, 400 or so
much thereof as may be deposited under
the terms of the deposit agreement dated
November %, 1915. The board also has
listed and admitted to quotation the
1000 capital shares of the International
Arms and Fuse Securities Corporation,
par value s25. The Security Transfer and
Registrar Company is the transfer agent
and the Guaranty Trust Company the
registrar.
The following have been appointed as
the New York Stock Exchange Nominat-
ing Committee for 1915: Chauncey Nc
Keever Howard +. whitney, Fuller Pot
ter. william b. Reilly and George b.
Thurnauer.
The Macbeth. Evans Glass Company
declared a stock dividend of 10 per cent,
payable January 10 to stock of record
December "a.
Up TO the present time over 20 per cent.
of the s1O000.00O bonds of the Kennecott
Copper Corporation has been turned in
to be exchanged for stock of the COM
pany, all of the Utah Copper Company
stock held by the Guggenheim EXplora
tion Company and between 65 and 20
per cent. of the stock of the Braden
Copper Company. 1t 1t confidently ex-
pected that before the date of expira-
tion on which deposits may be made,
virtually all of the various issues of
securities will have been placed for ex-
change. While the Utah Copper Com
pany stock already has been turned in,
the stockholders of the Guggenheim EX
ploration Company have until January
is to signify whether they desire cash
or stock of the Kennecott Corporation.
The Baldwin Locomotive Works has re-
ceived orders for the following locomo-
tives One 1852 type, for Tavares and Gulf
Railroad; one siN-wheeted swltcher, for
Norfolk and Portsmouth Belt Line: two
Mikado type. for Ovan-Grayonia Lumber
type, for Prescott and Northwestern Rail-
road Company; four consolidation type.
for Norfolk and Southern Railroad
Kuhn, Loeb G. Co. and the National
City Bank, of New York. have purchased
Railway Company s2,s56.O00 of its general
mortgage Az per cent. bonds, due 1889,
issued to refund like amount of Dakota
and Great Southern first mortgage per
cent. bonds maturing January 1, 1916.
The First National Bank of Philadel-
phia has been appointed reserve agent
for the First National Bank of Ban
gor, Pa.
The New York banks lost to the Sub
Treasury yesterday s2,2l1 600. and since
Friday s2,3S1.OOO.
The Railroad Commission of Wisconsin
has authorized the Chicago, Milwaukee
and ST. Paul Railway Company to issue
$iS $50 of bonds under indenture to the
United States Mortgage and Trust Com
pany, of New York, to retire a like
amount of its per cent. 15-year Euro
pean loan of 1910 bonds heretofore held
in France, surrendered by owners TO the
French Government and sent to this
country by that Government to raise
money. These bonds were in the French
language, and the present issue will be
payable i'm currency of the United States
and printed in the English language, and
will bear per cent. and will mature June
l. 1925.