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

after charges and Federal taxes against
net profit 500, 222 previous year.
"A committee Of bankers has been
organized to represent the interests Of
the holders Of the @ per cent notes Of
the American Chicle Company.
The average price Of the twenty ac-
tive industrial stocks advanced O.97 per
cent yesterday to OO.OJ. while the
twenty rails advanced O.5S per cent to
S1.26.
There were 2307 failures reported by
telegraph to Bradstreet's for the month
Of March, with liabilities Of $57 7,513.-
800 as against 1900 failures with liabil-
tiles of $6S, ,60S, $50 in March last year.
---Halsey, Stuart 4 Go. offer S4,555,
600 Metropolitan Edison Company 9
per cent first and refunding mortgage
gold bonds. Series Il, due February I,
1862, at 0SA and interest.
"A protective committee. has been
formed tos receive deposits Of Chalmers
Motor Company first mortgage 6 per
cent notes. default in payment of in
terest OH which occurred April'1.
Plans for lifting the International
and Great Northern Railways receiv-
ership will be announced soon, accord
ing to Speyer & Co. and j. & w.
Seligman & Co., its reorganization
managers.
standard Oil Of California reports
for year ended December 81 net profit
S33 .5SS. 231 after charges, expenses and
Federal tax. equal to So. 45 n share (par
S2J) on ,373.311 capital stock
against net profit Sal .655 .254. or
s41.02 share (par 5000, in 1920.
Reports from $50 Of the 203 Glass 1
carriers which have been received show
a net operating income for February Of
$44 ,2S4 .40J. as compared with deficit
Of S6. .463.355 for the corresponding
month in 1921.
--Lchigh Valley Railroad Company an
rounces the establishment Of group
insurance policy. covering the roads
10000 employees and representing in
surance Of about $5O,O0O,O00.
The consolidated balance sheet Of the
Maxwell Motor Corporation and the
Chalmers Motor Corporation and their
subsidiaries on December 81 showed net
current assets of S10.731 .G5S and net
current liabilities of $6.27S.043.
-Stockhoders Of the nush Terminal
Company at their annual meeting np-
proved the proposed increase in the
company's capital stock from $4,000
600 to S15.O0O.OOO. the increase con-
sisting Of common stock Of 800 a
share par value.
Directors of the American Bosch
Magnetic Company were re- elected n
the annual meeting today President
Murray announced that new business
was developing at ian encouraging
rate" The plant now employs 1900 as
against 200 year ago.
e. r. Loomis. president of the I.e-
high Valley Railroad Company, an
nounced the establishment Of group
insurance policy, covering the roads
20. 600 employees. and representing in
surance of about $50 600. 900, effective
as of April 1. with the Travellers In
surance Company. of Hartford.
1T is expected the banking syndicate
which has arranged to purchase an issue
of Czecho- Slovakia bonds will make
formal announcement Of the offering.
The issue will be $25 ,OOO, 900 thirty
$50 per cent basis. There will be q
similar offering in London, simultanc-
ously.
The turnover of stocks on the New
York Stock Exchange yesterday ex-
ceeded the largest previous total Of this
year by nearly 1855 900 shares. The
aggregate was in excess of 1873 900
shares, in contrast to 1,213, 400 shares
on March 20. Eighty separate stocks.
including many rails, reached new high
points for 1922.
Youngstown dispatch says under
stimulus of broader business and higher
quotations, industrial issues are frmer.
Sheet and Tube common has advanced
to $GG.5O, from recent low of SG'.
Trumbull Steel common has led in VOL
ume of recent trading at $19.75, an adj
vance of twenty five cents from pre-
vious levels. Brier Hill common is firm
at S11.
The aggregate of the bonds of the four
Liberty Loans outstanding March 81
was Sl5, ,177 1863 $50. being decrease
from January 81, 1922. Of S27,742.-