Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-24

-.R. Il. Weidenbacher has become as
ISOLATED with Blair B Co.. Inc.
l--Monon's ioadings the first week Of
March Increased b per cent.
IAThe Average price OF the twenty activ,
industrial stocks declined O.36 per cent
yesterday to $500, while, the twenty
railroads declined .48 per cent to 1918
--E. r. Garry, president Of the Pull.
man Company, says there is absolutely
NJ truth in the report that the Pull.
man Company would absorb the LimG
Locomotive Works.
l--Several important foreign loans will
lprObably be offered soon. AT least three
issues are now under consideration BY
New York banking houses. Competition
has, been active, several names beinl
mentioned in connection with each loan
l-vice President and General Manager
Jenney, of the Delaware, Lackawanna
land Western Railroad Company, said
this morning that there was absolutely
nothing in the reported railroad consol-
idation 30 far as that property is con.
cerned.
Another French, railroad will enter
the New York market within few
days. A dollar issue Of Orleans Rail
road. amounting to about $2O, ,0OO, 600,
will be offered there probably the early
part OF next week.
Norfolk and Western has placed Or
ders for 1000 seventy ton coal cars. Of
these Pressed Steel Car. Company will
build; 1000 and American Car and
Foundry Company and Standard Steel
Car Company will build 1000 each.
The General Gas and Electric Com
pany, has submitted plan for the re
classification Of its securities to its
stockholders, to provide for the gradual
elimination. Of its bonded indebtedness
and the resumDtion Of dividends on Its
preferred stock.
The preliminary statement of the
Pacific Gas and Electric Company, COW
ering 1921 operations, shows gross
revenues of $37 500, ,7O7, an increase of
81, 1923 ,015 over 1920. and net income
Of $13 ,23O, ,622, an increase Of 81, ,7O2. :
-Oficial announcement is given that
on April / the st. Louis, San Francisco
Railway Company will pay the semi
annual interest Of 3 per cent on its
adjustment mortgage bonds. Payment
will be made ut the Office of the COM
pany In New York. ,.-..
"A syndicate Is reported to be nego-
tiating for an issue Of $25, ,OOO, 900 to
$50 200, 900 bonds Of the Paris and Or
leans Railroad Company. The bonds,
It is expected, will be 8s, maturing in
twenty Ave years. They will be offered
on approximately the same basis as the
recent offerings of Paris, Lyons and
Mediterranean bonds.
The consolidated income account of
the Missouri Pacific Railroad for 1921
shows total operating revenue Of $780,
1885, ,04O; net revenue, $1s,O92, ,oO4 op-
695, $50 met corporate income, after
deductions, $3,537 ,O16. The balance
sheet showed cash of 81 ,041 900; profit
and loss, $33, ,01O, ,004.
-. N. Brown, chairman Of the Board
Of the Pere Marquette Railroad Com
pany, issued the following statement
this morning: Newspaper articles and
rumors about the Pere Marquette pur-
chasing the Ann ArbOr Railroad are en-
tirely unf0unded and desire to make
a fiat denial of our intention Of trying
to buy this property"
The White Eagle Oil and Refining
Company, for the year 1921, reports
gross sales of 80. .251 1882, against $14,-
O12, 1873 for 1920. Net profits, after
al charges, including depletion and de-
pCSCiutlOH, were SSOU,OOS, against
$7s2, ,OS5 in the previous year. The
assets Of 81. los. .O30 and net CURRENT
liabilities Of 81, ,227 1862.
st. Paul's order for 1000 box cars
will involve $8,5OO, 900 and calls for
delivery by July /. Cars will require
Ia, 800 feet Of lumber, 10000 tons of
wheels and 540O tons of axles. War
peak price for box cars was $500 and
pre- war price $1,000 to $1,000. Pull
mans 1000 car order will be filed at
Haskell 4 Barker's Michigan City
plant.
For the year ended December 81,
Gulf OF! Corporation and subsidiaries
report net income of $9,O6S, 1877 after
all charges, depletion, der epreciation,
taxes and inventory adjustment, equiv
alent to $25.O3 share earned on the
500. .235, 500 outstanding capital stock.
This compares with net income of $2S,-
543, ,157, or $7S.96 share earned on
the $38, 145 100 capital stock in the
previous year.
Coal Corporation reports
for year ended December 81 net earn
ings before fixed charges totaled S99S.
GAS. Fixed charges amounted to 500.
923. leaving income after fixed charges
$l77, 725. OF this $43.544 was paid
into sinking fund to retire preferred
stock, $04. .252 paid as preferred divi-
dends, 1927 1921 paid as common divi-
dends, and $l30. .8S1 ct aside as reserve
for 1921 Federal tax, leaving surplus
for year Of $272. .025.
The subscriptions allotted for the
four-year AK per cent Treasury notes.
dated March Is. 1922, were divided
among the several Federal Reserve dis.
tricts as follows: Boston, $51, ,O03, 800
New York, 1914 ,050 200; Philadelphia,
e47, ,004 900; Cleveland. $40, 795, 900
$13, ,252, 200: Atlanta. ST..
1880; Chicago, $65, ,964, 500; st.
Louis. $40. .745.O00; Minneapolis. ST.
I47 800; Kansas City. $D.0O0. 900
Dallas. $1,000, 900; San Francisco.
B31 ,1SO, 900. Total, $617. .767, 700.
The Middle West Utilities Company,
In its annual report for 1921, shows
total earnings of $3,035, $50, an in
crease Of 1876 per cent compared with
the twelve months Of AO2O. The COM
oined surplus earnings for the year we're
81, ,207 ,4O8, equivalent to SO. 90 a share
IN the outstanding common stock. Gross
Of the operating subsidiaries
we're $26, ,34S ,234. an increase of a..
1881 over 1920. The net income
rom construction companies was S117.