Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-12-12
NeUS for Investors

"A. Reginald Waterfall and Robert r.
,aIhoun are associated with Cudbury,
Ellis & llaines.
The average price of the twenty ar-
tive industrial stocks advanced O.l3
per cent yesterday to 91.N5. while The
twenty railroads declined 0.2j per cent
to S4.3j.
"A naturalization plan. through which
employees will share directly in the
prohts of the company. was adopted
by directors of s. W. Strauss & Co.,
of New York.
The offering of the Austrian internal
gold loan and of the shares in the new
national bank have been declared sue
cessfnI. aS the issues have been prac-
tiCAlly subscribed.
Directors Of the Pierce Manufacturing
Company, of New Bedford. Mass, has
declared cash dividend of $50. In
addition the company proposes Il stock
dividend of 30 per cent increase in its
Capitaliza lion from SSOO,UO to ST.,
200 900.
The Central Aguirre Sugar Company
reports for the year ended July 81, last,
net income after charges and deprecia-
tiOn Of S15l ,S3S, equal to SOL q share
on the $4,000 shares of stock. COM
pared with $6GT ,137, or Si.45 a share,
in 1921.
A syndicate headed by the Cnion
Trust Company of Chicago and Halsey,
Stuart l. Co. is offering. Mt par and
interest an ISSUE Of 81, 800 900 Bry-
ant Paper Company first mortgage
twenty-ycar q per cent sinking fund
gold bonds. series 4.
The Nipissing Mines Company, Linz
tied Operating company. as Of De-
20 h.r hnA IN hnpk S'onnl Ia ',
war bonds, United States Treasury
certificates and investments aggrc
eating S3,S36,004. Value of ore and
bullion in transit, on hand and in
| process ut mine and mill, and bullion
ready for shipment, amounted to $11l,
| 107.
The expected Canadian Federal do.
nestle loan Of 500 900, 900 will not .bt
! iloated. but financial requirements fol
| National and National Railway deficits
will be met by New York hotatior
Of not less than $50, 900 600. The
arrangements for this loan will be made
on the return from Europe of Financ'
! Minister Fielding, who is expected her'
! by the end of the year.
-Stockhulders of the Penn Contra
| Light and Power Company, Of rcCorc
| nt the close OF business December II
! will be entitled to subscribe for -, -!
additional preference shares n the price
| of S54 per share fiat, payable on or be-
fore January . on the basis Of 80 Pc
cent of their holdings ms Of record De
cember 16. Warrants will be mailet
December 16.
When directors OF the Peoples Ga
Light and Coke Of Chicago meet TO dis
cuss dividends Thursday. an increas
in the quarterly rate to Sl.50, placin!
the stock on a SO annual basis, Is looked
for. Dividends were resumed at $.
annual rate last January. Last yea
net earnings after all charges We're 81
Asa 900. equal TO Sll.6J share on thv
$3S. 500, 900 capital stock.
Under provisions OF the voluntar,
sinking fund set up by directors o
the Louisiana and Northwest Rail.
road, owned by the Middle States OF
Company, by which 20 per cent o
net earnings applicable to dividends i
set aside for bond redemption, tn,
company will purchase on January .
S12 600 of Its bonds. The same amour
was redeemed three months ago. Th
regular quarterly dividend OF IA pc
' cent will be paid to stockholders o
Louisiana and Northwest on Januar,
/, to holders OF record December Is