Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-14
Financial Briefs
st. Paul Is reported in the market riS
for 46OO cars and Chicago ana Nor'"'
western for 2760.

| WESTERN AoE SSOV.
Nipissjne Mines February proauc-
tion was valued at $161 ,282 with silver
valued at "a cents an ounce: Buii'oh
shipped was valued at $1S2'eoo'
The average price Of the twenty active
industrial stocks declined O.37 per cent
Yesterday to $3.50. while the twenty
railroads declined O.12 per cent to 1911.
Net profits Of Hamburg American
Line for 1921 were 5000 ,OO0 marks;
against 16,0OO, 900 in 1870. nvldeno
of 10 pcr cent declared, against q per
cent the previous year.
The Fidelity Trust Company OF Phils- :
delphia has been appointed TRANSFER
American Milling Company. effective
March 10.
The Consolidated Textile Corpora
| tion annual meeting has been ADJOURNED
TO, April 10. A sufficient number OF
proxies was not presented to meet legal
requirements.
North German Lloyd Company re-
ports net profits for business year ln.i.
AZ. 200. 900 marks against 14.O43 .Oe2 IN
1920, and has raised dividend from 3
per cent'to 10 per cent.
The Intcrborough Rapid Transit Com.
pany in 1921 operated at a loss of 81.
AGA. 500. compared with the 1920 deficit
| Of ~, ,235 1876, a loss of So, 1893 In
1919 and surplus Of "a, 4,062, 75S in
1918.
Governor C.. n. Haskell. who as
chairman OF the board Of the Middle
States Oil Corporation. has purchased
the Louisiana and Northwest Railroad.
announces that improvements will be in.
stituted Immediately to handle the grow.
ing traffic in the oil fields served by the
road.
For the year ended December 81 J.
c. Penney Company reports net profits,
after charges, taxes and depreciation,
of 81, ,254, 1894. equivalent to S59.2S a
share earned on the SO. .828, 900 common
stock This compared with loss Of
$3.50, I47 in the previous year.
Subscription privileges to the new Is.
sue of Sinclair Consolidated OIL $45,. .
900, 900 first lien Z per cent bonds were
closed almost Immediately after the
opening of the books this morning. 1t
!
tions far exceeded the entire UNDER
writing.
Reduction in 500 Line dividends fol-.
lows long run Of poor earnings, scant
Improvement in which is apparent in
early 1929 returns. The fact that pay
mcnt Is not entirely omitted in view
OF the unsatisfactory record indicates
the belief of directors that coming
months will show better results.
The Galcna Signal Oil Company's $
consolidated balance sheet for 1921
G27 to 81. .O02, ,s41. against 81 .524 .4GS a
year before. The cOmpany's cash no /.
sition improved. however, to 50, ,146. :
I44. against 81 .107 ,103 in 1920, an in :
crease of $340.551. Accounts and bills
payable were reduced $1,000. .4S4.
The National Surety Company, ac.
cording to It's report. issued yesterday,
wrote in 1927 gross premiums of 500. :
oll $40. an increase of SIS. .012, ,651 com .
pared with those Of 1920. Net pre .
miums were $13.365. .64S, an increase
Of S.."1S. 4N4. Total, resources 1T the
close of 1921 We're S25.GO7 ,1O2. a gain
of more than $2.5O0.tOO.
: James Crosby Brown of Brown
lir1thcrs 4 Co.. and Albert l.. Smith
of Edward Il. Smith Il Co.. were new
directors elected by the stockholders oil
The Lchigh Valley Transit Company ana
rs subsidiary companies today. r. X
flall. of New York. and John G. Daw.
son. of Philadelphia. retired from the
board.
Stockholders of the West Penn Rail.
ways Company met in Pittsburgh yes.
trrday and authorized tho board to in
crease the capital from $50. 1000. 900 tc
is $4,000, 900 Of common stock and
SlO.Co0,OD preferred. The new stoc,
is TO be common issued from time tc
time for corporate purposes.
The Pittsburgh Plate Glass Com.
pany's net profit, after charging off for
} depreciation and tax and dividend pay
mcnts, was SS.104 1856 in 1921, an in
crease of 81 ,S4S. .S41 compared with
that OF l"2O. The earnings on its
capital stock in 1921 were equivalent r.
S1S.24 n share. contrastcd With Si4 so
in 1920. Its final profit and loss sur
plus for 1921 was S3O,159, 4S7, gain
of 3,S72,0Gl in year.
Canadian Pacific Company rcporis
for year ended December 81. total in.
come after taxes and charges S33. 100
S6!, equal after preferred dividends tc
S11. .51 share on $500. 900 600 common
stock against S32, ,S44 ,OS3 or S11 40 on
common in 1920. OF total earnings in
1921 available for common special in
come provided SAP share, while
SD came from railway lines and