Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-01-27
FINANCIAL BRIEFS

lle w Ill NuNlef was flttlNtl TO inc ltuu-
sylvanla Company board to succeed the
late n. Parker ShortridBc, S. II. church
was made secretary OF the company and
the Pan Handle succeeding G. Il. LIggett,
deceased.
The Brler hin stee' Company will issue
s2,gOO0OO bonds.
John W. Brown retired as president of
the Maryland and PENNSYLVANIA Railroad
and was succeeded by o. II Nance MIR,
Brown will remain rs a director.
s,Rhe board OF managers OF the New York
Cctton Exchange announces that old-stNlc
contracts will be neither called nor
quoted after February H.
The annual report OF tho Twin City
Rapid Transit Company shows gross earn
iugs increased $i29. no. The net gain was
S!l ,Sg3, and the surplus, after all deduc-
tions. was SEXES, an Increase of 9iS72,
The minimum price on American cities
preferred stock was fixed at 81.
Adolph G. RosenEarten was elected to
the board OF the Philadelphia Trust Safe
Deposit and Insurance Company, sue
ceeding the late n. Parker Shortridge.
chine Company stock for exchange for
Westinghouse Electric & Manufacturing
Company, which expired Tuesday, has
been extended zip to and including Feb
ruary 8.
The annual report OF the Columbus
Railway Power and Light Company:
Gross earnings. 50, ,OG6 2oS operating ex-
penses, St.657G Gi9 net earnincs, Sl,4OSbl9,
and surplus after interest charges. SB25,I6S,
from which wos paid S4iS,lS in dividends
on the preferred and common stocks.
E. w. Clark was elected president Of
the Pennsylvania Water Company, Sue
ccedins j. d. Aldred. Mr. Aldred also
resigned the presidency of the ConsolI-
dated Gas, Electric Light and Power
Company, and was succeeded by the vice
president, Herbert A. Wagner. Charles
NJ. Cohn was elected vice president.
The New York state Railways Company
has sold to j. +. Morgan & Co s2923, 600
list IIas, part of an authorized issue Of
$50, 900 600 of which there are now out
standing $l567lOOO. The proceeds are to
be used in reimbursing the treasury for
moneys alrea'y expended.
A stockholder Of the International
Smokeless Powder Company figured out
today that If the company was liquidated
under the most favorable circumstances,
at, say, twice its pook value. which would
be $,OOOOOO, the stockholders could not
expect more than $lSS share for the
preferred stock Of the Du Pont Inter
nation Powder Company.
f. l.. Marantette, formerly with Clark
l.. Poole & Co, of Chicago has become
associated with George s. Fox ~ sons
According to the Iron Trade Review
| high ocean freights are interfering seri-
ously with business of not only tho
United States but Great Britain and
other nations. Inquiries for about 10000
tons OF steel-making Irons have been re-
ce!ved from England, 1t is doubtful, how
ever, whether much business can be
done in exporting pig iron at present
ocean freights. The pig iron market i'm
this country is quiet, but in some centres
consumption is increasing.
Regular Norfolk and Western dividend.
Philadelphia National Bank stock sold
at auction at $i25 per share, gain of 1922
william c. Stoyer was elected drec-
tor Of the Merchants Union Trust Com
pany, replacing Alfred /, Phillips, de-
ceased,