Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-12-04

November gold production of Dome
Mines was valued at 1858, 400, againsf
1892. 712 in October.
The average price of twenty active |
industrial stocks advanced IS per cent
on Saturday, to 05.01, while twenty
railroads were 80 per cent higher, ut
$3.50.
AT a special meeting. stockholders Of
the 3. s. Kresge Company approved
an increase In the capital stock from
$40, ,OO0, 900 to $50, 600. 900. No action
vas taken on the declaration Of o stock
MThe West Penn Company will begin
erection Of large power plant at
Sp, ingdale within a few wr'ks. and
according to A. NJ. Lynn. the presi.
dent. the outlay will aggregate more
than $4,000, 600.
American Steel Toundries' statement
as Of September 30 shows total assets
and liabilities of So, ,G76.543 and profit
and loss surplus 81. .150. $50. Current
assets totaled $40, 1884, 100 and current
liabilities $5, ,88O, ,451.
The Stock List Committee Of the
Philadelphia Stock Exchange has today
admitted to the unlisted, department Of
Company detinitive first lien and re.
funding mortgage gold bonds, 5la per
cent due lO47. in lieu Of Drexel 4 Co.
interim receipts for said bonds stricken
frcm the unlisted department.
Settlement OF obligations Of the Sub.
marine Boat Corporation to the United
States Shipping Board. approximat!ng
| IS, Goa. 600, will probably be announced
the latter part OF this week. 1t Is ex-
pect.d the Navy Department will
transfer it's indebtedness to Submarine
Boat to the Shipping Board to apply
on account due them.
Dakota Az per cent twenty year bonds
il being offered at l03M. to yield over
4.50 per cent. BY n syndicate composed
of Guaranty Trust Company of New
York, Stacy 4 Braun. William II.
Compton & Co., Wells. Dickcy & Co.,
Bankers Trust Company, Anes, I'm.
erich & Co., Hannahs, Ballin & Lee,
Mississippi Valley Trust Company Of
The Mexican Petroleum Company,
"a per cent Of which Is owned by Pan.
American Petroleum. continued its
record breaking earnings in November.
Net available tor dividends on the
common after al deductions was 81
u share on 457 600 shares common ont =
standing. Earnings In eleven months
share and the company will close the
year with earnings Of 500 ON the com
mon.
-Kennecott Copper directors thi,
week will discuss the Gucs ion Of divi
dend resumption. 1t Is expected 80.
cent quarterly rate will be declnrc'l
although, In some quarters, a 75.cen,
declaration is forecast. With dividends
to be declared this month by Utah Cop
per and Mother Lode Coalition. Kenne
colt should receive from Its investmen,
In 50 per cent of the former and &C
per cent of the latter a total Of ~.
! 5IO. .O(O, ngainst semi .annual require
ments Of $2,7S7. .2l3 to maintain II s:
. annual rate on Kennecott shares.
,, --Ren Motor Car Company reports TO,
, the fiscal year ended with August shows
net profits OF $3,14O.6Hl, and book
value OF common. stock is figured nj
$l4.l2 q share. During the year SO,
i3T .oSO was transferred from surplul
account and paid to stockholders Il
!. form Of stock dividend OF 10O per CEN
) to their hsldiAss, leaving surplus o
t5,!l0,0l3. cufsent es.sts were liye'
O ll6. 90. 81 ssnd total assets. w..
80a,6SS. CAsh ~ ~ $50 $50, Yitl
,ipysptorlss M ~, ,9, CvsriAt "