Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-05
FINANCIAL BRIEFS

Rock Islands May loadings increase
IL. .423 carloads to 12S, POI.
The average price of the twenty
active industrials declined O.O5 per
cent on Saturday to 96.3l, while the
twenty railroads declined O.13 per cent
to S5.O1.
The floating debt of Germany on May
81 was 2S0, 246 ,O65 900 marks. These
figures show an increase In the debt
from May q to May 81 Of $3.50 ,0O0,-
600 marks.
Net profits after charges of Maxwell
Motor Company in May are understood
to have been between 100000 and
500, 900, a new high record. April
earnings after charges were in excess of
$500, 900.
The Chicago Union Station Company
applied to the Interstate Commerce
Commission today for authority to issue
SO, 15O.00 in bonds. The company
proposes to sell the issue and use the
funds to continue construction work
now under way.
Reduction In war bonds In May. in.
Guiding Liberty bonds and Victory
notes. was $50, ,264, $50. of which S23,
563 300 was in Liberty bonds and $28,
701 $50 in Victory notes. OF the S2,-
III .504 .45O Victory notes outstanding
$254 asa 800 We're the 3s4s which have
been called for redemption on June 10.
Biased upon official figures, the North
American Steel Company will have
$5O, 1891 400 preferred stock. which will
call for annual dividends of SO 500, ,10S.
Bonded debt will be around SO, 600. 600,
calling for approximately 50 800 900
interest. Sinking funds will probably
be In the neighborhood Of $500, 900 and
depreciation charges may run around
81 900, 900 annually.
Since April public utility financing
has taken spurt. Aside from offerings
OF traction companies, total for April
and May approximate $3.50, 600, 900.
with indications that much more is to
be done. In this group, as In most 9th.
ers, mergers have been effected and
consultations made to meet the de-
mand that Will come with the expected
revival Of industry.
"A banking syndicate, headed by Dill.
sci, 900, 900 United States Of Brazil
thirty-year II at 981a and interest, to
net I 30 per cent. The loan Is to pro-
vide funds for the electrifcation of the
suburban division Of the Central Rail.
way OF Brazil. owned by the Govern.
ment. Local members of the syndicate
are Cnssatt Il Co., Edward B Smith
& Co. and Graham, Parsons & Co.
The annual report of the Kansas
City Southern Railway Company shows
n net income of 81. 433, ,OO5 for the wear
ended December 81. This compares
with 81 .924,053 in 1920. Operatine
income was $4,758, ,O42, as against
50, 7SO, ,447 the year before. Gross in.
come was $5,18l ,83S. In 1920 gross
income was 1906 .718. including Fed.
eral guaranty of income amounting TO
81, ,120,332.
---Thirty.one railroads, with which
final settlements have been made hoyr
received $42 ,SO7, ,74S from Governmen,
under guaranty section of transDorta.
lion act. Except for st. Paul, which re-.
ceived, $2S,1ll 1923, Philadelphia and
Reading. receiving So, SOC, ,00O' and
Denver and Rio Grande, receiving a..
4l5. .453, final settlements have been
made only with small lines and terminal
companies. Loans to railroads under the
! transportation act have asgrevotoI
1907 ,00l ,OsO. Repayments total S7a'
$50, ,355. w.