Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-09-09

Financial Briefs

Inc worcester Gas Light Company has
sold 100000 ~ per cent. notes maturing
m from two to five years TO Gissell, KIN
nicutt q Co.
National Lead, through It's subsidiary,
the u. s. Cartridge Company. has ac-
cepted contracts for ammunition for the
Allies account valued at about S2,OOoOO0
This makes a total OF about $50, 600
worth Of ammunition orders on which
the company's plants are now engaged.
The American Cotton Oil Company has
sold TO the First National Bank OF New
York S,0O0,0OO two-year per cent. gold
notes, the proceeds Of which will be used
TO retire an equal amount of "a per cent.
debenture bonds maturing November /,
1915.
Henry r. Csrse has been elected pres-
dent of the Electric Boat Company and
also president Of the new Submarine Boat
Corporation Up to the close of business
last night approximately $1,000 shares
of stock of the old company had been
turned in for exchange into stock of the
new Submarine Boat Corporation. This
represents In excess Of two-thirds Of all
outstanding stock.
Clearings through the London banks for
the week were f255 100000 compared with
week last year.
The new sl.00O,OOO benzol plant of the
United States Steel Corporation at
Gary, is expected to be placed in opera
tion in few weeks.
The first settlement OF the Paris Stock
Exchange will take place September 80.
The Magma Copper Company declared
an initial quarterly dividend of so cents.
Philips, Dodge & Co. declared an extra
dividend Of SO in addition to the usual
quarterly payment.
1t is understood the reorganlzed NJ.
Rumely Co. will be known as "the Ad-
vance Rumely Co."
7. NJ. Schumacher, chairman of the
board of directors of the Chicago, Rock
Island and Pacific Railway, has resigned.
lie was a representative of Phelps,
Dodge q Co on the board, and his resig
nation follows those of Arthur Curtiss
James and James Mclean.
The St. Joseph Lead Company increased
its quarterly dividend from one-half of
per cent. to Ia per cent. and added an
extra payment Of per cent
Inc company received Ine
Atchison's order for 800 stock cars and
% concentrate ore dump cars.
The New Keystone Copper Company
declared n stock dividend on the new
shares of the company, consisting OF one
share of the Inspiration Consolidated Cop
per Companys stock on each share of
new stock OF the keystone Company, pay
able on and after September 20,
The pig iron production of the United
States In August was 2.779,6JO tons, COM
pared with 2,563,42O tons in July. Steel
companies in August produced 2101, 500
tons of pig iron, n new monthly record.
The United Globe mines declared a divi-
dend of 50 a share, compared with a dis
bursement OF So a share three months ago.
The F. w. woolworth August sales
were IS $50. .269, an increase of Sag, 2l1; eight
months sales, $43,955,6O6 an increase Of
81, 793, ,916
The Jones g. Laughlin Steel Co. has let
contracts to the United Engineering and
Foundry Company for all the machinery
required for the erection of a pipe de-
partment at its Aliquippa works.
Members OF the Eastern Pig Iron AS
sociation, who met in this city yesterday,
were well pleased over the situation and
outlook. 1t was the consensus of opinion
that the market, from every standpoint.
looked very favorable. There is a good
demand, orders are increasing, stocks of
iron are being reduced. while prices are
up and strong at the advance.
Charles II. Sabin, president of the Guar
anty Trust Company of New York, and
]. w. Platten, president of the United
States Mortgage and Trust Company,
have gone on the International Mercan-
tile Marine minority stockholders COM
mittee.
Sigourney Mellor, of Mellor g. Allen,
has returned to his desk after business
trim to the Pacific Coast, where he at
tended the convention of the National
Life Underwriters Association as a rep
resentative of Philadelphia. Clement B.
Webster, Jr., and C. M Richardson have
associated themselves as special repre-
sentatives of Mellor & Allen.
immigration in July amounted to q, ,6O4
persons, against 22,5es in June and 6O,377
in July 1914.
Emery, Freed & Co. were sellers of
Cambria steel.
The New York banks have lost s2ss, 900
through Subtreasury operations so far
this week.