Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-21

Government net expenditures for the
FIRST two weeks of February We're $685.
3Ss,219. or at the rate of 81 ,290, 600, 900
FOR the month. which is considerably
below recent monthly expenses. Febru-
airy also is a short month, and the pay
ment of the accumulated bills held
against the government estimated at not
less than S3.0 900 900. 900 will swell the
expenditures as payments are made.
The response to the Treasury certif-
cate method of financing is shown by
the fact that IN The first half of Febru-
airy sales of loan and tax certificates
aggregate 1909. 6l2. 500. which com
pares with s494,O52, 900 for the first half
OF February. 1918. Sales of certificates
for the fiscal year 1919 to date are
$l3:100.223.3 900, which compares with
4,6sl,73s,5oo the year before.
John W. Mcclure has terminated his
connection with Well. Farrell & Co. as
their Philadelphia manager.
sale of wal savings and thrift stamps
throughout the country for the first W
weeks OF February were s10.233,l27. or
Tor the corresponding period of 1918,
when sales were $40 ,5s2,7 s1.
The Kelley-Springfield Tire Company
reports for year ended December 81
cash in banks and on hand as of that
1aA'' ! vi a,
against s772.44S on December 81, 1917.
and a general surplus of S9.1e7,S5S,
against s5,705,6S2 on December 81, 1911.
Ths seventh biweekiy issue of Ger
tifcates of Indebtedness in preparation
for the Victory" Liberty Loan. an
nounced today BY the Treasury. is for
$500. 900. 900. with the usual interest rate
Of Az per cent. Subscriptions will open
February 81, close March 6. and the Ger
tihcates are payable July 20.
Tit New York Subtreasury lost $500. =
900 to the banks yesterday. reducing
the cash net gain since Friday to
S6.125,0o0.
The New York Stock Exchange has
admitted to dealings Tobacco Products
Corporation common and preferred
rights and Oklahoma Producing and Re
lining Company rights.
Seats on the New York Stock Ex-
change ave been sold as follows
George III. Andrews to Herbert L. earle
bnch for $4,000. that Of Carrot H.
$500 and that of Walter L. Richter
has been transferred to his partner, Ar
thur G. Somers.
The Philadelphia Federal Reserve
Bank on Tuesday will withdraw 40 per
cate deposits issue of January 80
amounting to $6,sS7.g $40. YESTERDAY ths
bank withdrew $4,3o4.9s1.
Gross earnings OF the York Railway
Company. for the month of January
were $116,779, a gain, as compared witt
the same month last year, OF sl9.e45
Net earnings for the month were $50,
z44. a decrease of SIS. Total incom.
Increased si72; Balance for the month
Joseph r. McAllister. president OF tn.
Franklin National Bank. has been elect
ed by Councils as trustee of the North
ern Liberties Gas Company. He sue
ceeds Samuel b. Vrooman, deceased.
b. r. Goodrich Company reports 10,
yea ended December 81. net profit afteI
Z charges. but before war tax $i5,637,II4
equal to $23.08 a share on $50, 900, 0Ol
common stock. against net profits afteI
charging of 81. $4,000 for war taxes %
e10.544.677. equal 10 SI4.4s a share o,
the common in 1917.
Governor Il. p. Passmore, of the Fed
eral Reserve Bank. who has been con
yalescing at Atlantic City, Is back at hi
desk h governor has entirely recoy
cred from his illness and is deep in tn
task Of formulating plans to carry gu
I the important and necessary program o
The total resources OF the Philadel
. phia Federal Reserve Bank a few day
ago touched s4s1. 600 900, new high re,
ord