Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-03-15
Financial Briefs

The average price OF twenty active
industrial stocks advanced O23 per cent
to 1888. while twenty railroads declined
0.SS per cent to 6s.ls, carrying the
average below the low level OF Decen-
ber p Of last year when they touched
$3.50.
Parsly Bros & Co. announce Val a.
Holman has become associated with
that firm.
According to telegraphic advices the
Pure Oil Co. has 1900 barrels new prn.
duction from two wells Just drilled in
on its Crachell lease in Marion county
kanaas. one OF these wells. No. z is
making 700 barrels and the other, No. 6
If making 500 barrels. Both wells were
shut down at the top of the sand await
ing more favorable oil market condi-
tions and their completion was necas-
sary 10 offset adjoining production.
These two wells make three Complet!ons
the northeast corner Of the lease having
been drilled in and shot last October
making 500 barrels
George W Kendrck, Sd. & Co an
nOunCe tho associa tion of r. [. Weiden-
bacher with their bond department,
The Central Coal and Coke Co. re-
ports gross profits Of 81 .53S, 900 for 1920
which represents an increase OF sl,246..
H.
come for the year, Including other in
come. amounted TO sI729574 an in
crease OF S0S6,2o9
United states Cast Iron Pipe and
Foundry Co. annual report for fiscal
year ended December 81. shows net
profit after all deductions OF 1851 $40 as
compared with a deficit OF S503,7O3 in
1919.
The firm OF Booming Garrison & 60,
has been dissolved by mutual consent,
G. K. Garrison and Daniel II. Killion,
Jr., Withdrawing The business viii be
continued under the firm name OF Henry
ID, Booming & co
The annual meeting of the Philadel-
phia Electric Co. Will be held April l3
Books close March 10; open April IL.
Gulf States Steel reports for year
ended December 81 net profit, after
charges and federal taxes, s75l.22O
| equal, after deduction OF first and sec
ond prefeT5rG d'Ildends to t6,44 share
on $lll3S l6p common, against s279.-
42l, or Sl20 4 share, on S1l,l36.5 $50
| common in 1919
william B. Shearman has become
| associated with the bond department OF
| McCown X 90.
4 deficit of t355.747 for 1920 was re-
ported by the J, G. Penny CO., compared
with net profits OF Sl,s77,692 in 1919
Gross sales We're $+2,s46.OO9. the Iarg.
est In the Companys history, hut cost o,
merchandise amounted TO $37lS2,759
leaving a profit of only $5,163.25O. CON.
pared with S7l6T7ll, from sales OF
s2S,7s3,ooo the year before. Other in,
come amounted to SS46,9l5 Expenses
depreciation and similar items reached
S6S65,66@. leaving a deficit After The
| payment OF common and preferred div.
| dends there was a deficit OF $l03l66B
reducing tho profit and loss surplus tc
S2,2l3,459
The Virginia Iron. Coal and Coke Co
reports for the year 1920 gross income
Of tl6.346,6SS, AS compared with SO,
27l.9s5, in 1919. Net income. after in,
terest and federal taxes, amounted &c
$2.l4O.053 equivalent to S2l.4O a shar.
on the Sl0,OoO,000 capital stock, as com
pared with net profits OF Sl,O75,329
equal to $lls5 a share, earned in ths
, year previous The surplus for 1925
after payment of dividends was 1885,
669
Deere 4 Co report for the year ended
/ December 81. 1920, net income hfte
charges and federal taxes Of S464T7ls
or the equivalent Of Sl2.27 "A share OF
the Sl7.90i,4OO common stock after III.
payment of the regular preferred dlvI
dends In 1919 the company earned S5,
25Tl77, or the equal OF {l5.G7 a share
on the common stock