Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-25
Financial Briefs

Bank Of Denmark has reduced dis.
count rate from 51a per cent to o per
cent.
Coca Cola for three months ended
April I, shows net income $086 11b
after expenses, interest, ETC.. against
1893 ,04S in first quarter of 1921.
The average price OF the twenty &C.
tive industrial stocks declined .40 per
cent yesterday to 03, while the twenty
railroads remained unchanged at A.S4.
Central Leather Company reports for
quarter ended March 81, deficit $780,
217 after taxes and interest charges,
against deficit 1891 $40 first quarter
1927
Duluth, South Shore and Atlantic
Railway reports for year ended De.
ccmber 81 deficit of 81 ,5S2, ,S52 after
taxes and charges, against deficit
of $320.6 in 1920. .
The Corn Products Refining Company
has formed German corporation, with
a capitalization equivalent to $l,OOO,'
600 in American money, to operate three
small plants which 1t owns in Germany.
First Joint Stock Land Bank, Of New
Orleans. has been organized. with capi-
tai stock of $3.50 900, to make loans to
farmers in Louisiana and Mississippi at
8 per cent interest. payable over a pc.
riod OF thirty years.
Without dissenting vote, a majority
of the preferred stockholders Of WHY'S
Oveland approved the cOmpany's new
financing plan. This includes bond
issue Of $17. 100000. The plan was
approved later Dy tne directors.
-Ine Amaigamated sugar company
mas issued a letter to s@tockholders LOCK @ re-
questing approval OF S4.ooV:vOV { per
cent general MORTGAGE niteen- yea.
Donas; 20 us last Last fall stockholders approved
;MH;'ooV,VVO OF per cent teh-Sear oohos.
I-Delaware ana Hudson company mas
Deen granted authority by lnserstote M n
@ commerce COMMISSION 70 issue g .oOO..
u,u w, ntteen, year D ~ per cent goid Donds.
ihese ponds are TO DC soiu at NOT less
than 20 per cent OF par anu proceeds
useu Ior speciai purposes.
-Annouhcemeht ~ inaue tnnt aS &c.
ceptance credit OF tne CuDa Zane an no Sugar gar
corporation amounting 10 ,VV;VOV
maturing on May VIII pe paid on. Ihis
acceptance was secured py potn ola ana
new sugar, and all OF the old mas been
sold.
Canadian General Electric company,
Ltd, the bylaw for the issuance of new
debentures up to SIC, 0OO.O 600 was rati-
fed. An issue Of debentures was re-
Gently made In New York for $5,O00,-
600.
Annual report Of the Crescent Pipe
Company for the year ended December
81 shows net income of $16S, ,666 after
taxes and depreciation, equivalent to
$2.S1 a share $3.50 par value) earned
on the $1,000, 900 capital stock. as COM
pared with net income of STAG. .1O2. or
So. .43 share in the previous year.
Virginia Iron, Coal and Coke Com.
pany IN its report for the quarter ended
March 81. shows q net loss after inter
est. taxes and other items, OF $Sl .O47.
This compares with net loss OF $71,..
6SS IN the preceding quarter and q net
income OF $4u .3oO. or al share in
the hrst quarter OF 102l.
I-Haligarten q o., bankers and men,
bers OF the New York Stock Exchange,
announce the removal today OF their
omces 20 their building at A Pine
street, New York. The firm was or.
ganized in 1900 and has been located for
many years ut Nassau street. with
branch Ofhces in Chicago and London.
Homes ana farms occupied by owners
ana valued at S3l ,Ios s,OOO,OOO were Sc
curity for mortgages totaling Sl1 ,0O1. >
700 .OO, or "4:7 per cent Of their value,
in lo?O; according to preliminary report
issued by census bureau. Ihis was a