Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-03
FINANCIAL BRIEFS

!, Hmerica negotiable receipts full paid.
usny NJ. Eeiler has beer, appointed
.,.,. and trust officer Of the Girard
s,s usnue Title and Trust Company,
.Ssctive April ]. ..I
s,,icer Manufacturing Corporation
n.,s for year ended December 81 net
si35. p57, after expenses, interest,
~ H-sss md depreciation; this COM
cnH.s Nth surplus of SO .Oo2 W 1920.
paAc,,yc trading started in the New
~ Central 8 per cent series co.
tiSs iv,S NJ .Oi3 on the New York Curb
T.chanpc following listing. Initial
!.i. was ten bonds at 03at and sub
s.ouent gain to 40.
Hmrrcan Glue Company for the year
.ndsd DECEMBER 81. net income, Sl0G,-
ia after charges and Federal taxes:
ANAL after preferred DIVIDENDS TO Ns.s.
share on common, against surplus OF
{os0 4i5, or $685. In 1920.
eoWcrrh transactions recorded on the
c..shursb Stock Exchange totaled
rttssgSn agu sSn shares and $1O3.35O bends.
S,.incss was distributed among seven.
tw.ninr securities. ffty -onc closing at
". .oins thirteen at net losses and
nl nlInnual report of East Butte Copper
uinin. Company for year ended De-
"her n. shows net profits Of S150.-
-" comparcl with net Of sos .G3G
I....,., 70 Ilc per share in 1870. S524.-
"a - 81, "a per share IN 1910, SI65..
1S, or $i.sl in 1913 and S1,os1,oG2
~ Sc AZ in 1917.
"i!nited Fruit Company will for the
Srst quarter OF the year. which ended
i.st week. show earnings OF approx
rotely 81. .ONO. COO. This means that
thc 81 dividend has been covered upon
the outstanding 1.oOO.0oO shares, with
4 10 per cent margin to spare:
/. --Gencral terms for financing by Na-
'Noual Enameling and stamping nave
r,rtmol,y been agreed upon. Originally
somnany estimated that Sl5 900. 900
WonIJ cover it's requirements. but 1t Is
.,nsrtcd now thnt plans will call for
: bond issue of so. 900 900.
Enr the year ended DECEMBER 81
1nteynational Salt Company reports not
income of S043 .G)7. after charges anl
Teieral taxes. eQuiva ent to Sl5.52 y
snare earned on the S6.O7T .130 capital
.toct This compares with balance of
SsO2, ,7O3. or S14.G0 share in the pre-
.HRepori of Calumet and lle"la Min
,ur COMPANY for year ended Deceinbr
Al shows deficit of $1.401 .2GO. after
crediting SS41.9lS to operations from
sale Of Calumet Transportation stock.
Snouor sso Eynnrt Association notes. ctr.
THEis1 TSis co,mnurr, with net loss OF SIS SO. :
;43 nmd deficit. after dividends. cf
iI3223. Ti3 in preceding yehr.
,.-DesIi,e S6SG.7lD decrease in work
inc coDltnl, from S0.74S.2JG to $6,-
MI 53i balance sheet Of American
tBrake Shoe and Foundry shows much
.,ron ver nosition Mt the end Of 1921
tbom y venr previous. Ratio of current
assets 70 current liabilities increased
ss"r' Da. % on December 81. 1920,
~ nVn, ns,riv 5n to ON December 81. last. .
3 Ton,a,ivc ranort OF Texas Pacific Coal
.,i M I.,mnnnv for the wear ended
fscemhcr ri shows net income of 50. :
~ 5I9 after charges. depreciation
sm touiynlent to 81. 20 share (pnr
SI0i cnrued on the s., liS .OlS capital
stock This cOmparcH with net income
Of S3,0l3.94G, or SAT- n share earned
on the s.. 2S2 400 capital stock in the
previous year.
Since the armistice foreign Govern .
ment financing in the United states has
reached S1.3l1 .2S4 .OO0. This tinanc- =
Ing was successfully conducted in face
of the largest amount OF domestic loans
j ever issued in q like period and IN in
a
unusually high. OF the total Of fOr.
Il e!gn bond, issued here since November
II, 1913, only S2i.OOO 900 have ma
turcd.
n --Otis Elevator Company has i'''urd
n It's report for the year ended Drccln
4 ber 81, showing net income of 81,
\ l0O.54G after charges. depreciation and
4 Federal taxes. equivalent after deduc.
ton of preferred dividends to Sl2.O-
n q share earned on the Sl4.Sl 500
common stock. as compared with net
Income OF S2.SSO: ~: or Md
share earned on the M).4S1,oSI COM
mon stock In the previous year.
n The last statistics of the British rail 5
ways show that during December the
tonnas" moved decreased l4H per cen,
ls compared with the same month OF
logO. In November the decrease was
Shout :, per cent In October III pei
cent Most Of the derrcase was II
genera m"rrhhndi 80. who"" tonnage II
december declined l1h per cent from
the preceding year, whereas the de-
crease in coal and coke carried wa'
only w per cent.
directors Of the Pittsburgh Stool
Exchange have approved for listini
H,7O8.15O additional common stock O.
The Arkansas Natural Gas Company t,
be added to the list when and as issuet
Tor the acquisition of properties. Thi1
will rails" the amount of common stocl
outstanding when issued to SIG.
228,0OO. the par of which is S1O ,
share. The statement of the compan,
for the year ended December n show,
gross earnings Of S2.SSS, 800 and tota
net income Of $50 .475.
The increase in the cunitaI and sur,
plus authorizcd I'm Jauu,rv nv tbn stool,