Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-08-29
Financial Briefs

by the Western Pacific for the year
ended December 81. This was equiva
lent to $4.21 share or the S2T 500.
600 preferred stock. After charging
out yet debit balance of $3i5,427
for expenses accrued in the period prior
to January I, 1919, the balance of
SS53, 800 was equal to $50 n share
on the preferred In the previous year
n surplus of 50. 443 ,26S, after payment
of the 6 per cent preferred dividend,
left balance equal to Sl.6T n share
on the common stock. The federal
operating account shows a net income
for the year of 81, 1903. 900, as com
pared with the guaranteed rental Of
81 0O3 $40, or Il profit for the govern
mcnt of 81 ,OO3, ,25l.
\ surplus of 81. 800, ,OO1. equal to
$50. I3 share on the $13 200 900 pre-
frrrcd stock was shown in the annual
report of the American Hide and
Leather Company for the year ended
Juno 30.
y leading authority on the oil situa
ton, whose special fascination IS the
| Texas boom, was asked yesterday what
the permanent effects of the period of
development in Texas were. now that
the boom seemed to be almost spent.
"But,' he replied, "thc boom is not
over. We are merely in the middle of
it. The aftermath is still far away
An indication of the progress which
the export Of steel products has already
made is shown by the fact that the
Consolidated Steel Corporation which
is the export company representing some
of the largest Independent producers.
including Bethlehem and Republic Iron
and Steel. for the seven months of this
year has been selling an average Of 90.
600 tons n month. The buying is only
moderate from the countries which were
affected by the war, but this is OK
pectcd to expand as European cOndi-
tiOnS become more settled. Inquiries
are in large volume from South Amer
lea and the Orient.
In connection with the strength in
sugar stocks the following extract from
the monthly magazine published by the
National Bank of Commerce is interest
ing: Cuba now leads the world in
sugar production. Before the war the
British Indian and German sugar crops
ranked first and second respectively. the
Cuban crop being only third. In 1917
and 1918 Cuba produced more sugar
than either British India or Germany,
and her estimated 1919 crop is larger
than the estimated crops of these two
countries combined and more than twice
as large as her own average pre- war
crop. 1t will amount this year to
nearly one fourth of the worlds pro-
duction. in contrast to less than one
eighth before the war. British India
and Germany, each of which before
the war raised about one seventh of the
worlds crop, will raise this year one
seventh and one twelfth respectively
The Iavan crop has so far increased in
Importance since the outbreak of the
war that the 1919 crop is estimated at
oyer one tenth of the worlds crop. The
: total worlds crop of 1918 is estimated
at 1S.3l2.O0O tons. approximately q
. million tons less than the 1918 crop
| but over half million tons more thar
the average prc-war CROP
:
| Notice has been received by the Nov
York Stock Exchange from the Unite,
J States Rubber Company of propose,
increase in first preferred stock from
q $40, 900 600 to 500. 900 900, and Of in
n crease in common stock from $40, 900,
: 600 to 5000, 900 900.
:.
;, Subscriptions to the two new isue
. of United States treasury ccrthcatc
of ind"bt" 'r"S kno" ,"'""i's 7!'
Reserve district, amounted to $500.
+ go 800. The total subscriptions t.
u both series in all Federal Reserve dis
" tricts amounted to 81 .0GJ ,953 900.
c
D '"'Ne VI 'ne ''.on'E ''on II
'he southwest Is 'he laC. 'hut 'he r'u
ei"l n'S'''r i'"nN VI NIanS"S wy
4 Purch"Stns 'Xia WIZ In ~ nno ~ "lc" mar
= Nel III ->'W iolN %r"''"o'.Wo r, III o"i,N
& ers "'''Pt"nceS' Ine pui 'r"Sc " oe
t bahk OIL "" iolh'
d
In" coihDlheu ne. earnings aVallhol
- for dividends of the subsidiary com
" panicS of the Massachusetts, Gas Com
nanict for July, the first month of Gun.
rent fiscal vcar. were sol $50 n dc
= creasa of S24S 7OS mr. ~ % nov can't
: Nc, oo,,narod with corroynnnd;ra ,,,,,t
V roar 600