Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-10
Nelcs for Investors

--Schulte Cigar Stores Company reports
October sales 50. H., 1SJ, an increase of
M '.i4. or II per cent. over October,
The average price Of the twenty
active !ndustrials declined O.55 per cent
yesterday. to 9S.9S. while the twenty
rails declined O.OJ per cent to 90. O.43.
The lngersoll- Rand Company has
filed amended certificate with Secretary
OF State at Trenton. increasing its au.
thorized capital stock from $2U,OOO,-
600 to S35, 600, 900.
The New York Curb Market Asso.
citation has admitted TO trading 800. 900
shares Of common stock Of $50 par
value OF the May Department Stores
Company, when issued"
The Houston Oil Company reports for
the quarter ended SEPTEMBER 30 net
earnings S%37 1927 after expenses and
taxes, but before depreciation and do.
pletion. against S3G3, ,25s in third quar-.
ter. 1921.
Northern Pacitic's earnings for the
first three weeks Of October show con-
siderable falling off from year ngo.
although car loalings increased slightly.
The decline is due to rate reductions,
shorter average haul, and less profitable
class Of freight.
---Th" manufacturers Light and Heat
Company for nine months ended Sep.
t"mber 30 reports gross $S.-iG9 .GD2,
net after expenses. depletion ETC., ST.
2O2, 1863. total income S2.3O3. .O93 divl.
dends Sl,3S0,O 600 and surplus S920,.
093.
The thread firm Of J. & p. Coats.
Of England. has declared profit Of
I, a..
lnN. This compares with profit Of
months. The dividend rate, however.
remains unchanged.
Announcement of placing of orders
for S>.M0,UO0 worth of rolling stock
by the st. Louis San Francisco Ran.
road has been made in Kansas City.
The equipment will include fifty freight
and passenger engines. 1900 box cars
and three live stock cars.
bids are scheduled to he opened No.
vember 30 on a new Issue Of 81. 500, 900
Atlantic City. N. j.. Az per cent
bonds. issued for various purposes. and
on December 4 on m Issue Of S055. 900
Lansing. Mich, ~ and AZ per cent
serial bonds.
"A syndicate headed by Estnbrook 4
Co.. aud including Il. l.. Day & Co.,
and Merrill, oldham & Co.. Of New
York. Is Offering new issue of So
800 900 city Of Providence, Il. l.,
forty.year 1 per cent gold water bonds
at 9Sh.
The Chicago, Great Western Rail.
road has applied for permission to is
sue SO, ,206. 600 first mortgage fifty.
year 4 per cent gold bonds and $3.50
900 4 per cent preferred capital stock.
which Is to be exchanged for bonds Of
the Mnson City and Fort Dodge Rail-
rond Company.
--Th" Packard Motor Car Company, in
it's annual report for the fiscal vonr
ending August 81, 1922. shows net prof.
its amounting 10 81 | 10. .A2S on factory
sale, OF S3s, 900, 900. The surplus. ny
Of the same date, stood at Sl7OO4. 43S,
giving the common stock II book value
of Sab share.
The New York curb market has nd.
m,tted to the list the following SO.
cUr!ties: Latin American Oil Develop.
m"nt 1000 900 shares OF capital stock,
par value 81; Bison Gold, Inc, 1o,-
600, 600 shares OF capital stock pnr
value. 10 cents. and Lowry on Cor
roration 2,000,0OO shares, par value
50.
--Kcys'one Tire and Rubber Company
common stock, par value SO, hns been
stricken from the list Of the New York
Stock Exchange. The following sec,Iri-
ties have been admitted to the list : Key.
stone Tire and Rubber Company com.
mon stock, without nominal or par
value. and New York Steam CORPORA
tion 5000 900, first mortgage, twenty.
five year bonds; series "a" G per cent,
At a meeting OF the board Of di.
rectOrs OF the Babcock & Wilcox Co.
1t was decided to recommend to stock
holders, next month. n declaration of
Il 80 l-3 per cent stock dividend This
would be accomplished by increasing
the capital stock Of the company from
$15, 5,O00. 600 to $50, 900, 900. Accord
ing to +. ii. Wells. chairman of board,
circulars will be sent to stockholders
setting December IL as the date on
which their approval will be asked.
Reports Of the Allis. Chalmers Man.
ufacturing Company for third quarter
ended September 80, last, show n good
increase IN net earnings. but sales billed
do not show II proportionate increase.
On the basis OF nine months figures,
earnings this year will fall far short
of the 81 share required for dividend
on S26,OO),U0O common tinck. In the
first quarter, Alis. Chalmers just
earned the lM per cent oh the pre-
ferred stock. In the secOnu quarter,
4 cents z common share war esrned,
and. In ths. three months ended Rsp.
tsnbe %. last. % cents, . skase.