Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-27

$71B,VBO IN 1V2O. tlgi = \ x.
Pond Creek Coal Co. reports met
proft for '6rtt qaafters sof 1922 aftet ile.
pfeciatlon, depletion and Federal ins
come taxes Of tO6, 206.
The average price cf twenty active
industrial stocks declined O.10 per cent
yesterday to 91 .08, while twenty fails
foads were 0.73 per cent lower At e4.50:
--Wil!lam p Grsnde has been sleSsed
change ., allins the place made n I, vacant by
: --1sland Greek Coal GO; re reports net re
probation, depletion and Federal in-
come taxes OF $70O 400 equal, after pre-
ferred dividend, to $5.77 per share on
the 116,6O2 shares Of common stock.
Gulf States Steel net operating In
come for quarter ended March 81 was
$100,06O. After deductions for tax de-
probation and other charges net inc0mc
was $50, ,310. against deficit Of $1O2 ,017
in first quarter 1921. a.
While the report Of the wheeling
Steel Corporation showed proht for the
years operations Of $2,329, ,727, Alex
Glass, chairman of the directors, point
ed out deductions are made in the ball
ance sheet that show the, net loss for
the year 1921 was $2,704, 1853.
United States Steel in March vir.
tually earned It's common dividend,
earnings being SIS, sos, 100, or at the
rate Of $25, ,6i6, ,l8S quarterly. To pay
oil charges and preferred and common
dividends for quarter slightly more than
500. 900 600 Is required.
Safety Car Heating and Light Com.
pany for year ended December 81 shows
profit totaled 81 .340, ,002 after provid.
ing for depreciation, inventory adjust.
ment and reserve amounting to 1881 i764
and dividend payments Of $501 TO.
Surplus was $120, ,61S.
Stockholders of the New York, Lack.
awannn and Western. n leased line Of
the Delaware. Lackawanna and West
,ern, have voted to increase the authoriz.
ed stock from $40, ,OOO, 900 to SIS ,O00, 600
and to authorize mortgage bond issue
Of $26, 900. 900. 81.
Car loadings In the week ended April
10 totaled TOO, 713 cars. 1866 cars fewer
than in the week before, but an in.
crease Of 4607 over the corresponding
week IN 1921. In the corresponding
week two years ago, when the unnu
fhorized strike Of the switchmen was
In progress. Col .605 cars were laden.
The s. =. Kresge Company reports
that from January to April Is sales
amounted, to $14,S71 ,054. compared
with $13,45t, ,278 in the corresponding
period Of 1021--an increase Of 1915 per
cent. Sales during Easter week. April
8 to IL. were 81 .5O7. 600, compared with
$956,S50 In 1921.
STANDARD Gas and Electric Company,
for the year ended December 81, shows
surplus. after interest charges, preferred
dividends and amortization, Of 81, ,0S0,
$50, or equal to 1910 per cent on the
$40 600, 900 common stock outstanding,
This compares with $713,6S4, equiv
alent to 5.62 per cent in 1920.
"A London cable says the Mexican
Eagle OIL Company. Ltd, will issue
fcrred shares at $40, Mexican. equal te
fund to redeem IN twenty-five years al
21s a share. They are being under
written. y.
Baltimore and Ohio Railroad reports
for March 81 operating revenue $1S,
614,74 operating expenses, $14. .453,
SIS: net revenue. $4, ,1G1. III Operatin,
income. $3,0S1 ,S1o. From January
operating revenue. S47, ,01S, ,1s1 oper
ating expenses. S3S, 2O9. .459: net reve.
nue.. S6.6is. .720; operating income
| SO. .675, ,442.
-Loew's lnc., consolidated income ac
count for twenty eight weeks from Sep,
tcmber 1, 1921, to March 12. 1922
! follows: Gross income. S11 ,612. .036
expenses, etc.. S10,2j5, ,543; operating
profits. 81 ,357 ,393. depreciation. build
ings and equipment. S137 .3SS: Fedora
taxes estimated SO, ,104, net operating
profits, 81, ,140, ,O01.
The Standard Or Company Of New
Jersey has paid the equivalent Of $1S5.
a share for 300 shares of the West Indi:
Oil Refining Company (Kentucky), tn,
operating subsidiary of the parent com
pany in South America. The acquisi
ton of this stock gives the Standard o
New Jersey absolute control of tn
smaller company.
The Replogle Steel Company. whicl
recently took over the Empire Steel an,
Iron Company. has agreed to pay tn
stockholders of the latter price o
$50 share for the preferred stock an,
S1J share for the common stock, me-
cortling to details contained in the com
pany's application to list an additiOna
125, 900 shares Of stock on the New
York Stock Exchange.
An amendment to the bylaws, re
Gently adopted by the Governing Com
mittee Of the Philadelphia Stock Ex
change, Is designed to prevent stock mar
ket speculation through member house
by bank employees unless with the con
sent of their employers. A new amend
ment to the constitution forbids stoc
exchange members taking outside part
ners without approval Of the Committe
OH Admission.