Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-05-06
Financial Briefs


dividends of s3546O7 against s4o4,o34 the
preceding year.
immigration in March totaled 1929,
against 1883 in February, l5,iSl in Janu-
airy and 2g,621 in March, 1914.
The National CITY Bank. of New York,
s expected to establish branch banks in
Havana and Panama city shortly.
Wilkes Barre City School District will
receive bids until May %, for Sl5o,ooo AZ
per cent. coupon bonds dated January
/, 1915
Bigs will be opened on May IL for $780,
O00 worth AZ per cent Wilmington street
Improvement bonds.
Bank clearings in April totaled sl49l4-
S93 O9i, compared with ii.sOS, ,3i9, O33 in the
same month last year The April figures
were the best of any month this year
Francis b. Reeves and Richard Y
Cooke were elected to the Board OF
Trustees of the Philadelphia Belt Line
Railroad Company,
Charles l.. Homer former head of
Homer Howe g. Co., has become asso
ciated with Pennington, Colket & Co.
New York banks gained slS2,OOo from
the Subtreasury yesterday and have lost
si66,OO0 since last Friday.
The Iron Trade Review says: 1.-The
confidence of business men in approach
inG prosperity has been shown by the
purchase of from 5000 to 100000 tons of
pig iron by New York capitalists who
are in no way connected with the iron
and steel trade, and are buying entirely
to hold iron with anticipation of sub
stantlal advances. Export demand for
machine tools has again assumed tre-
mendous proportions"
The American Locomotive Company
is in the market 70" 10000 tons OF steel
bars The steel will be used in turning
out shrapnel shells There is competi-
tive bidding for this steel.
The total amount of money in circula-
ton in the United States on May /, ac-
cording to the United States Treasury
monthly report, was S,i93,OSSs76. an in
crease of SS56O,O-- over April / and
gain of sl6,Sl3.497 over May !, 1914. The
increase in circulation during April this
year was due to marked gains in the
amount of gold certificates, United
States notes and Federal reserve notes,
which more than offset decreases in
gold coin and national bank notes.
The City Comptroller OF Albany will
receive bids until II a. m, May 90, for
s977,5OO 4h per cent. bonds of various
maturities.
The Eastern Pig Iron Association met
in this city yesterday, and While bet
ter tone to the trade was reported, ac-
cumulated stocks at the furnaces were
about unchanged from a month previous
Nevertheless. war orders are beginning 20
have an effect upon the pig iron market
of the city and vicinity. Producers ihls
week report some demand for moderate
tonnage of iron which machine tool max
ers use in filling their orders for finished
iron and steel war muniton contracts
from abroad Outside of that the demand
for pig for regular business purposes Is
dragging along. Contracts for third quar-
ter and second half delivery are scarce.
The corporate existence of the Citizens
National Bank of Ashland, Pa, has been
extended until May 4, 1855.
Judge Thompson filed a decree today in
the local United States District Court
authorizing John o. Sheath, receiver II
the International Lumber and Develop
ment Company, to issue and negotiate
receivers certificates in the denomina-
ton OF 500 In the aggregate OF $4,000, TO
are 10 be used by the receiver in pay
ment OF expenses for the operation of the
business.
At the annual meeting OF the New
York Chamber of Commerce of New
York, Seth Low was reelected president
and Serene S. Pratt secretary.
The F. W. Woolworth Company April
sales were S. 1856. decrease Of sl0s,192
four months sales, S204iS,Sr; increase
Ss32. .Os7
The arrangements for the sale Of the
Franklin Fire Insurance Company TO the
Home Insurance Company, Of New York,
was a 75 per cent. basis, provided holders
of not less than 81 per cent. OF the whole
capital accept the proposition within so
days from May 4. 1915. There will be a
cash dividend of S25 per share declared
by the directors, and the remaining $50
per share will be paid by the purchaser.
The American Steel Foundries March
quarterly report showed a net loss OF
S255. .sSs against a loss OF Ss3'35S in the
1914 period
A petition Is being circulated on the
floor OF the New York conee Exchange
asking the board OF managers 10 close
he exchange on Nay e.