Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-05-09
FINANCIAL BRIEFS

w. 8. Silkworth was re. elected pres
idcnt Of Consolidated Stock Exchang'
Of New York. This Is his fourth term
AT the annual election Of officers o.
the New York Stock Exchange. Sey
mour l.. Cromwell was elected president
and Warren Is. Nash treasurer.
Annual report Of the Canada Steam
ship Lines. Limited, shows profits fol
the year of $772 $50, against 81 ,032, II.
for the previous year.
--Atchison's revenue freight loading'
last week were 8,57S cars against y,
OF previous and 25, ,204 a year ago.
Year to date loadings are LOO per cent
ahead.
The average price of the twenty
active industrial stocks declined OLE
per cent yesterday, to 1884. while the
twenty railroads declined 0.35 per cent,
The Midwest Refining Company In
its general balance sheet as of December
81, 1921, reports a profit and loss sur
plus of $50, ,155, ,85S. against S33. .0O1,
478 ut the close Of the previous year.
Application was made to the Inter
state Commerce Commission by the
Central Railroad Company of New Jer-
sey for permission to issue S2,OOO,OOO
in @ per cent equipment trust ccr-
tiicates.
Permission was given the Chesapeake
and Ohio today by the Interstate Com
mercc Commission to issue 81 .655, ,OOO
In equipment trust certificates for pur-
chase Of large amount of new rolling
stock. including passenger coaches.
For the year ended December ri
Grand Trunk Railway Of Canada re.
ports n deficit of S14,O64. .442 after
taxes. interest, rentals. etc. This
compares with deficit Of $1,000, ,1OJ
the previous year.
Stewart Warner Speedometer Com
pany April sales are unofficially re.
ported as 20 per cent greater thar
April. 1921, and for four months this
year 90 per cent greater than the SAINT
period last year.
The Magma Copper Company reports
for 1921 net loss Of S200, $50 after al
charges. including reserves for deple.
tion and. depreciation. In 1920 tht
company reported profit Of SlO2,o4.
after the same deductions.
Stockholders of Haynes Wheel Com
pany Will vote on Il proposal to in
crease capital TO full authorization tC
2CO 900 shares by declaration of 2.
per cent stock dividend. II IS also pro.
posed to change present $40 par value
shares to no-par value shares.
The Missouri Pacific Railroad reports
for 1921 net corporate income o
SO, ;37. 7.O16 after taxes and charges. OF
"a .02 a share, on the S71 SOC, 100 of It.
preferred stock outstanding. contrastet
with a final net income of So, ,O33 ,O75
or S4.22 a share, in 1920.
The American Beet Sugar COmran!
showed net loss for the fiscal ycal
ended March 81 So. 1874 ,O46. after take,
and inventory adjustments. In th
preceding fiscal year the company earn.
ed net income of $133 500, equivalent
to S2.87 share on the $4,000, 900
preferred stock outstanding.
Sinclair Consolidated OIL is II
stronger cash position than ut any tim'
since it's organization. At the end o
1920 Sinclair owed the banks S14,
252, 900, and at the end of 1921 $11,
075, 600. 4 few months ago these banl
loans were being reduced ut the rate o
So. 600, 900 a month. and are now al
! wiped out ahead of time.
The annual report of the Mother Lod
Coalition Mines Company for 1872
shows net earnings Of 81 PA ,O06 an
a balance to undivided profits of 81,
111,57S. Total sales aggregated 81,
7SS, $40, of which 2O,SOO, ,735 pound
of copper at 12.760 cents returned SO.
654. .115. and 1876, ,527 ounces Of silve
ut O9.3S5 cents brought $134,694.
The International Cement Compan
for the year ended December 81 report
net income Of S1.529 900 after taxes
depreciation and other charges. Afte
allowing for regular dividends on tn
preferred stock, this was equal to $40
share on the S23, ,97S shares of com
mon stock Of TO par value outstanding
In 1920 the company reported net in
come of $1.779 $50. equal to $6.63
share on the 28S, ,139 shares of stoc
then outstanding.
-Pathe Exchange, Inc, reports ne
profit Of S32S ,4S3 for the year ende
February 25. Interest requirements o
bonds outstanding on that date wer
S122 600. Total assets were 81 $50, 90.
of which $4,36S ,O45 is listed as totf
current and working assets, agatn'
current liabilities of 81 ,O21 ,G32. NJ
tangible assets, exclusive of good wi
and scenarios, are placed at S5,3O7,
OG6, and net current assets at S3,346,
413. The company, it Is asserted, has n
bank loans outstanding.
There has been placed on the regula
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