Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-12-08
NelUs for InUestors

| frankford.
The New York Stock Exchange rules
that standard Oil of California be not
quoued ex. x.stock dividend today and not
until further notice. Stock must here.
arter be accompanied by due bills.
The continental Can Company Off :
clnily states earnings for the first ten
months mn naa Of the current year totaled SO, .
uoV.UUO after charges, or at the nm =
hual rate Of about % per cent on the
common stock.
There has been admitted to the resu
lar list of the Philadelphia Stock
Exchange 5000 600 additional capitnl
stock of the Tenth National Bank OF
! iblladclnhia. making the total amour.
listed S10J.0OO.
The Mannheim Trust Company. now
organizing in Germantown, has pur-
chased, as a site for It's banking build.
ing, the property at the southwest cor.
ner Of Wayne avenue and Mannheim
street, and the adjoining properties
at bO5S and 5O80 Wayne avenue.
The Southern Railway has been
granted authority to procure autben-
tication and delivery to its treasurer of
$o,O 100000 development and general
MORTGAGE per cent gold bonds, to be
held In the treasury until further orders
OF the Interstate Commerce Commits.
sion.
The White Eagle Oil and Refining
| Company, for the quarter ended Sep
tember ~, reports gross sales Of
LOIS, Alb, against $3,7SS, ,2O5 In the
second quarter Of tho year. Net profits
after al deductions amounted to
81 ,OS2, 900, against S085, ,S01 in the
quarter ended June 80.
The Interstate Railroad Company
has been granted authority to assume
obligations and liability In respect of
", 2OO,OOO equipment trust certificates
to be issued by Fidelity Trust Com.
pany, Philadelphia, and sold at par in
| connection with procurement of 1000
steel hopper coal cars"
The directors Of the National Bank
OF North Philadelphia in addition to
declaring a dividend of 2 per cent
added $4,000 to the surplus account.
The average price Of the twenty ac-
tive industrials advanced 0.18 per cent
yesterday to 08.9l, while the twenty
S4.39.
The $15, 900 Western Electric 5
per cent first mortgage bonds, due
December 81, payable by their terms
December 81, 1922, will be paid, begin
Of the Merchants Loan and Trust Com.
pany. Chicago, or at the option of the
holder at the Office Of Bankers Trust
Company. New York.
On September 30 the United States
held SiO,32O, 900 in equipment trust q
per cent notes taken from the railroads
v,o ,op,f Cor k,,4 ~,
United States Railroad Administration
and allocated to the carriers. This
compares with $267 .347 400 on Septem-
Der 80, 1921, decrease during the
twelve months of 1927, ,O27, 400.
Stroud & Co., Inc, are Offering
$3.50, 600 McNab & Harlin Manufac.
turing Company first mortgage Z per
cent sinking fund gold bonds. dated
November !. 1922. and due November
l, 1912. The bonds are redeemable at
any time In whole or part at the op-
ton OF the company on thirty days
notice at 1879 and interest.
The American Bolt Corporation has
been organized under the laws Of the
State of Delaware. This company was
formed for the purpose Of acquiring and
consolidating under one management
the Standard Bolt Corporation of
Columbus, o.; the Bayonne Bolt and
Nut Company, of Bayonne. n. j. A; the
Michigan Bolt and Nut Company OF
Detroit, and the Boss Nut Company OF
Chicago.
The report Of the Utah-Apex Min
ing Company for the year ended August
81 shows receipts Of 5000. .587: expen :
ditures Of $424, 418; deficit, SIT, ,S40.
This compares with loss of SlS3.113 in
1020-21 fiscal year and is reflection
of the shutdown of the property during
most Of the period due to depression in
the price Of lead. Current assets as
of August 81 amounted to S261. .S31 :
current liabilities $94. .O62, leaving a
working capital of $1G7, ,769.
Public debt retirement through the
sinking fund for the first five months
of the current fiscal year amounted to
STA, ,522, $50. compared with S175,
PA. 900 for the corresponding period OF
1921. Retirement by issues follows
First loan $13, 400; second loan,
Sal .150, 900; third loan, 1923. .45O !:
fourth loan. S7,045, 200, and Victory
notes, $4O4, $40, $50. Part of the
retirement Of Victory notes was effected
by exchange for the new issues OF
treasury bonds.
"A block Of between $50, ,OOO, 900 and
$25 900, 900 Of per cent preferred
stock Of Jones & Laughlin Steel Cor
poration will be offered early next week
by syndicate headed by the Union
Trust Company of Pittsburgh and in
Guiding Guaranty Company of New
York and Bankers Trust Company.
Jones & LaughIn Steel Corporation is
lcUrganized firm of Jones & Laughlln
Steel Company. The new stock prob-
ably will be offered to the public
at 107H.
w. A. Hartman & Co.. Inc. Barr
Bros. & Co.. Graham. Parsons & Co.,
the Old Colony Trust Company and
Edmunds Brothers, of Boston, are of:
fering new issue Of $2,9G1 900 City
Of Memphis. Tenn, general obligation
4 per cent and per cent bonds.
They are for water. sewer, hospital,
river terminal and street improvement
purposes. The bonds are offered at
prices to yield from 4.G0 to 40 per
cent according to maturities, which
range from 1923 to 1862.
Heavy loading of revenue freight for
this time Of year still continues. Accord
ing to the American Railway AssOcia-
ton, 055. .405 cars were loaded during
the week ended November %, an
increase of 2S2 ,O30 cars over the cor
responding week last year, and OF
l51 .704 cars over the same week in
1920. Total, however, was $500 cars
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