Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-12-22
NeLCs for Investors

The New York Stock Exchange has
admitted to trading the rights Of the
Public Service Corporation of New Jcr.
sey.
The Interborough Rapid Transit
Special meeting Of stockholders schcd-
ulcd for today has been postponed to
December 80.
Directors Of Grcylock Mills. North
Adams, Mass. have recommended that
the capital stock be increased from
$780, 900 to 81 100000.
Directors of the Kcnsington Trust
Company declared semi-annual divi-
dend Of g per cent, increasing the an
nual rate from 10 to II per cent.
The average price Of the twenty
active industrials advanced O.3G per
cent yesterday to 07.SS. and the TWEEN
tty railroads advanced 0.93 per cent to
The Brooklyn City Railroad Com.
pany for November reported n net cor
porate income Of S167. .76S, compared
with ne, corporate income Of SS6, ,449
for November. 1921.
--Pennsylvania Coal and Coke Com
pany stockholders approved the increase
in capital from $1,000, 900 to $12, 1000
600. No action on stock dividend has
y
March > is the date fixed for the
special meeting Of stockholders Of the
Westinghouse Air Brake Company to
vote on the proposed increase of from
S3O. 10000 to 5Q.0OO,OOO in au-
thorized capital.
Wheeling and Lake Erie has applied
for permission to pledge S154. 900 re-.
funding ) per cent bonds as collateral
for short term note for 500, 900 to
Guardian Savings and Trust Company.
of Cleveland.
Directors OF the berkshire Cotton
Manufacturing Company, of Adams,
Mass. have called n meeting Of stock.
holders for December 2S to ratify an
increase in capital stock from 50 800, =
600 to SJ,0O0.0 900.
The adjourned meeting of the Edward
G. Budd Manufacturing Company
stockholders for voting on an increa Sc
in capital from SIS, 1000 to Sl4 ,49S.
800 will be held January 10. The
proposed ipcrcasc in capital is to be in
preferred stock.
Earnings of the National Biscuit
Company for the current year will show
decided bcttcrmcnt over those of 1921
and will fully justify the S3 dividend
rate established on the new common
stock. according to Il. f. Tomlinson,
president of the company.
Profits of the Royal Bank of Canada
on operations during the fiscal year
ended November 30 are reported as
1865, ,469, equivalent TO 49, 40 per cent
on the capital. The amount carried
forward TO profit and loss account after
disbursements was 81 1,O07,5l4.
AS a forerunner to an Offering of
block of common stock of Fleishmann
Company in the near future, it was
announced by W. j.. Hutton & Co. thar
block of the shares has been offered
20 employees Of the corporation at SO
on partial payment plan.
Of the Pacific Develop
mcnt Corporation took no action in re-
gard to the proposed reorganization
plan calling for the financing OF the
Anderson & Meyer Company. Ltd, II
subsidiary. Tho meeting was adjourned
subject to the call Of the chairman.
Net earnings for the nine months
ended September 80 of the Moon Motors
Company are placed Mt 500, 1876, which.
after preferred dividend, Is equivalent
to approximately $3.50 on the common
stock. The corporations January pro-
duction schedule is for 1000 cars.
The Royal Dutch Petroleum Com
pany has brought in well with an
initial capacity of $4,000 barrels daily
on the Santa Barbara tract Of Vene-
zuelan OIL Concessions. Ltd. near the
town of La Rosa on the eastern side
of Lake Maracaibo. The we'll is under
stood to be about 1900 feet In depth.