Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-08-20
Financial Briefs

The average price OF the tweuty active IN
aus dus'fiai m - stocks declined 82 per cent yester
Nanced .O2 per cent to ", 80.
Trust funds owned by the State OF Minne
sofa total approximately s44, 900, 600. re-
MS Gs shs s5%e 3 jps, Issued shows
mSn!s while moTs thaq $4,000. 600 is in land
Of the bonds OF other States that II owned
Deposits in the United States Postal Saw
inss nHH o9n on July 81 ,oteied approximately siS2
approximately s26ooooO.
withdrawn from the New York market
Those last year totaled as much as so 900 :
900 francs. The Withdrawal conforms with
ihe general policy OF reducing foreign in
debtedneBs.
LGnd9n on report says gold TO tho amount
9t o. Sl,5l 500 was exported to America during
the week or August II.
Interstate Commerce Commssio approved
a loan OF S5se,000 TO the Great Northern
Hra,.;.y Ramway Company 70 enable that carrier 10
rier Itself Is required 70 finance S5s6. .32O
For the six months ended June 80 the Gen.
after charges and Fedoraf taxes. OF SiSSss 81 Sss'.
tuEe siHSsnop f5sr ana deben
earned on the sis. Io4 600 Common H s,ocE' sHeEe
This compared with 4 surplus OF 1914, 42O.
e1uaI e TO ~ 10 ,oso z share earned orr tho com.
business failures for the week ended
S2G. last week: 80 In the like week Of 1920
100 in 1919 l7o in 1918 and 2ls in 1917 '-''
ba
an advance Of $40 900 to a sou,h"rs Sou Gs baaS bank
for the purpose ef assisting In financing the
oon VIII Ss Ss Se2 RS9s % an Of sG:Sn This
house under agreement TO be exported the
proceeds Tes1itinE from such exportatIon 10
Do used IN payment OF the loan.
New organization Of Maxwell. Chalmers Com
rany has issued It's first nancai statement a
'H9s Cash N ,SoE%nF EanFFs 'Si% and
6 1nyeh,ofy Wsn 5tSsd az Of sfSD1Ss "a
T(nt assets. s3s. .Oib. .60s' against c9Trent 9a.
Steady sellin OF Studebaker ia deridabIv
mysufyink, II Is probable big bear GperatSrss fs
have known for soma time that a weak lonS
%as Of s sR N m6hhs SH TGsS
ures which showed the full years dividend
ong account S9f and dSHSSs; ms HS
Biops nave gwen tho StudeGaker market "A
distinctly weak appearance -
The further reduction OF about 90 n.r
United States Steel Corporation had no erycn, 90,
on the common stock. During the GreaI 80.
part OF the forenoon what little bnsjnoSSs
there was in that Issue was all at the on
price OF TSB a tr!fe under last nights clGss
Reduction in United States Steel waRas d,d
not come as surprise II has been Realized
right along steel would have 70 come down
TO wage level OF independents Tha rsJwnI
tions mean an additional step in the proces.
Of getting back from a war basis
The whole Industry list became react,o,ory
around 1870 o'clock and among the isauss
that got into new low sround were ChandIar
Pierce Arrow common, United Statss Bvh
ber common and Chandler and studebakor.
The railroad stocks remained STEADY. nm,
were neglected 10 a great extent.
United States Rubber was one OF ths
weakest features Of the industrial group,
declining from 4eH 70 46h.
Studebsker moved IN Just the opposIte Al.
rection from what II did yesterday display y.
ing weakness almost from the start The
initial quotation was % and midway Through
the forenoon It was selling At 68K.
Attendance on the State Exchange WAS ra.
markab bly, small and thore was @ general In.
| clination IN the street to get away for rec
| reation over the weekend and even uni
| such time as there is greater activity In
! the financial district. Very little effort wa
made even IN the investment houses to dc
! business.