Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-09-19
FINANCIAL.B BRIEFS

The average price of twenty active
industrials declined OF per cent yes
terday to 1O6.7S, while twenty rail-
roads declined 90 per cent to DOB.
The output Of the Kcnnccott Copper
! Company for August was 1924 900
pounds of copper, against 5,ST3 $50
pounds in July.
According to the pamphlet issued by
Nminick and DominiCk the net sales
Of the General Motors Corporation for
the first half of the current year
amounted to S23S 1872 ,0S4 The earn
ings are shown as 500. .125 ,042, which
Is thirteen times dividend requirements
on the outstanding debentures and de-
ferrcd stocks. Net quick assets amount
to more than 5000 a share, of which
amount 500, ,50S,47 is in cash and
liberty bonds.
w. s. Mitchell. president of the
Brazos Oil Corporation announced the
purchase of an additional 40, 900 acres
Of land in Texas. Oklahoma and
Louisiana.
For the fiscal year ended June 30 net
earnings after charges and federal taxes
of the CrcX Carpet Company were
| S2O1 ,256. %. equivalent to $500 a
share on the So, 900, 900 capital stock as
compared with earnings of S195,341 or
| S6.51 share for the year previous. ac-
cording to the annual report issued by
the company.
There we're about 73. 40 holders of
! the common stock of the United States
Steel Corporation on the company s
books at the end of August, according
to figures published in the financial dis
trict. This compared with 74,13I
shareholders of record in June and
7S,1OS in March, the high record.
The United States Grain Corporation
announces that its purchase Of wheat
-four for the week ending September ID
amounted to 66G. 800 barrels at prices
ranging from $0.76 to S10.25.
For the third time tho case of the
United States Government against the
Reading Company will come up fol
argument before the Supreme Court al
Washington on October I. Jackson
Reynolds, vice president of the First
National Bank. will act as counsel fOI
the defendant. which will deny the ale
CATION that it is n coal or n transportu
tion "trust."
The Petroleum Corporation of Amer
lea has been Incorporated under Della
ware laws with 500. 900 900 capital, di.
vided among 10000 900 shares Of com
mon stock Of s. par value. The com
| pany is said to represent combination
Df large number Of other operating OF
companies. No public offering of tn
stock i9 to be made. but application 70
listing on the New York Stock Exchang
is to be filed, it was said yesterday.
Recently published report that J. r
Morgan is in favor of II plan for inter
naturalization of war debts by whicl
the United States would guarantee tn
debts Of her allies were cmphatiCall
denied by Thomas W. Lamont, Il part
ncr in the firm Of j. L. Morgan & Co.
\ deficit of $3.S10.34O after taxc
and charges was shown in the annua
report of the InterborOugh Rapid Tran
sit Company for the year ended Jun
20. This compared with a surplus q
S4 .662, 100 in the previous year, lcavin
| a decrease in net corporate income 'fu
fiscal year of SS.4I3. .O9S. Net operat
ing income of SlG.073, SS3 showed dc
crease of S4. 40 sos. Gross earning
of $43, ,207 200 increased S2,I09. 49,
| Operating expenses showed increase
S7,1f0,9S9 to S27 .233.326.
New Rock Island financing aggrcga
ing ST.. 800. 900 is imminent, according
statements of prominent bankers. II
| money. which will probably be rais
nj by Il note issue. whose terms will
anDounrp1 within thr npXt fcw ,a 4