Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-02

The Bank Of England's minimum
discount rate remains unchanged at 3
FER cent.
"A London cable says the Indian loan
is selling at discount Of 1%. The
underwriters have been left with O1
per cent.
Levi l.. Rue. president Of the Phila.
| delphia National Bank, has been elect
ed director of the Victor Talking
Machine Company.
| Mash Motors reports net earnings
1,751,0 ,005 for the quarter ended August
81, and $5,O23, AL for the first nine
months of the fiscal year.
The Shell Union Oil Corporation will
retire on May 1. next. Mt par Of 800,
the sc, 900. 900 preferred stock of Cen
/ tral Petroleum Company. which is held
by Bankers Trust Company under q
ten year. voting trust.
The Bonuho ders Protective Com.
mittee Of the Denver and Rio Grandc,
Of which Richard Sutro IL chairman,
has extended the time within which
deposits may be made to December /,
1929.
Stockholders of the Stutz Motor Car
Company have authorized issue Of 81
100000 fifteen-yea ~ per cent con O.
vertible sinking fund gold debepture,'
and increase in capital stock BY $4,000
shares to 2G3 900.
The Tidewater Power Company of
North Carolina has purchased the St
Petersburg Light Company and the
Clearwater Lii ght Company, both Of
Florida. and the Commonwealth Light
and Power Company Of Maryland.
The Philadelphia Stock Exchange
membership Of George ". K"ndrick,
I'd. has been sold, as has the s,nt be.
longing to the cstnte. of William G..
lucy. Both were bought by the ex.
change. the price being $500 each.
w. II. Ncwbod : Sons 4 Co., have
sold 81 300 Eogan County Coal
Corporation first mortgage sinking fund
dated November I, 1922. due November
/, 1912, ut 100 and interest.
-Bradstreet reports 1000 commercial
| failures in the United States during
October. with liabilities of S3G. .041 1884,
compared with 1869 in September, In :
vOlving -S31 800. 46G and 1909 in Oc.
tober., 1921. with $4s,371 800 of IN.
I debtedness.
Stockholders Of the Stutz Motorcar
company Of America approved the au :
thorization of an issue of 81 800. 200
| fifteen year ~ per cent sinking fund
gold dobcnturcS and an increas Sc in the
capital stock by G3 ZOO shares to 2C3,
coo shares.
-Plympton, Gardiner & Co. and
Paine. Webber Il Co. are Offering u
J new issue of SIji .OOD 6 per cent equip :
ment trust notes. Series Il, of the
Central Vermont Railway Company at
prices to yield from ) per cent to 90
, per cent, according TO maturity.
Adams Express directors. meeting
this afternoon 10 discuss resumption
OF dividends, are said to have in mind
two possible courses. ono to declare Il
quarterly. or semi annual. dividend, at
the rate Of > or 6 per cent, the other 10
pay years dividend. presumably So
-Stockholders of julius Kayser K Co.
will hold a special meeting Novem-
Der 16, at Hornell. y. u, to vote
IN reducing the number of shares from
?1I .OOO.to 100000 and to change the
company's place Of business and
rncipal office from Hornell to New
York.
There has been admitted to the un
listed department Of the Philadelphia
stock Exchange today, American Tele. .
phone and Telegraph Company nego-
table receipts. paid and full paid. The
American Telephone and Telegraph
| Company warrants have been stricken
| from the list.
The Stockholders Protective Com
| mittee of the National Conduit and
to Stockholders declaring that the cnnl :
mittce has already received moreWhnn
600 proxies. representing more than
10000 shares Of stock. and&, hat addi-
tiunal proxies are being received from
I day to day.
Action in the case Of certain Pre-
| ferr a Stockholders against the Pier =
| Oil Corporation to establish rights uf
! preferred and common Stockholders row
! pending in the Chancery Court in
/ Richmond. Va. has been continued 10
/ November T. by general rGn>ont a.
/ participation III election Of new directors
! is at issue.
--Th" average pric" of the twenty &C.
| tive indTstrals advanced O.l2 per cent
yesterday to % - and the twenty rail
roads advanced O.N3 per cent to S9.2S.
The Midvaln Steel and Ordnance
Company fol the three months ended
| September 80 reports deficit of
| $3.50, Sf4. against Sl,243. 1856 in tn"
same period last year.
All of the outstanding $ per, cent ten
year gold NOTE, of Fleischmanu Com.
nany, originally offered BY Harris.
Forbes & Co. have been called for
payment oil December |. payment TO
BE- made at the principal otiic' of the
trustee. .he First National Bank o.
Cincinnati. or at the o.ticr Of thp Gar.
field National Bank in New York.
The Southern Pacific Railroad has
placed orders for 1000" gross tons Of
! steel rails, to be delivered in 1872,