Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-01-27
Financial Briefs

y. Kiug Aitkcn, OF Aitkcn -Kynete
Company. has been elected director OF
| the Republis Trust Company.
The American Brass Company for the
y"ar ended December 81 shows net loss,
after taxes. Of 81 .5s1 ,s55, against net
profit Of $3.50. .JG4 In 1920.
Notice is given that the Philadelphia
Electric Company fractional warrants
for preferred stock will be issued In
iiftccnthS.
Pittsburgh dispatches 70 the Ameri-
can Metal Market YESTERDAY expressed
the opinion that both proposed steel
mergers were declared of. n
The average price Of the twenty nc.
tive industrial stocks decreased I .O3 per
cent yesterday Ia "a. while the
twenty railroads declined OFT per cent
TO I4.S3.
Denver Gas and Electric Company
has made arranTeinrnts for payment at
maturity of $500, 900 two. year I nsr
cent notes maturing March J.
Financial statement Of Anaconda
Copper Mining Company. for the nins
months ended September 30. 1921. fled
with the New York Stock Exchange,
shows deficit after charges and Federal
taxes, Of SO, $50 ,J47.
Southern Pipe L!rc for tie year end
cd December 81 profits 81 900 ,996,
cqual 20 S1O.S0 a share on so. .OOO, 900
capital stock. against Sl,3lj, ,l3l, or
1915. in 1920.
The War Finance Corporation au-
nCunr-s that its outstanding advance Of
50 800. .G0O to the Southern Railway
COmpany, made on DrcCmbcr 30. 1913,
undrr tho war powers II the corpora
tIon, has been repaid II full. r..
Dhc!ai 8IncUucCm"t .S rIRic that at
-lr'ia! m'"rluH of Burlington stock
holGrrs, January Is, 4 new $50. 900 600
bond issue wGs ratified without oppo-
sittOa vt S!ngic share.
The Otis Stccl Company Cor the niss
lEouths ended September 80 as sub
change. reports net loss after charges
but before depreciation of 81. .2l4,5J0
Tentative vrluntion Of the Southern
Railway Company in Mississippi as Of
June 20. 1917. announced BY Inter-
Stutp Commerce Commission ri 81, i,6IS,-
;J4J and New Mexico Central Railroad
ns of june 50, 1910, at $l,3d5, ,0c4.
In announcing bonus distribution to
employees Of Endcott johnson Corpora
stntrd that the company earned Si,-
OI 900 "a 1871 after payment OF taxes
~, liNidcnds oF ~ on preferred stock
ard - share Oh commou stock
American Wholesale Corporation tor
year ended December II shows nee
cmrungs rftcr Federal TAX OF $3.50, 0Gi,
equal 10 S4.T2 a share on $7.SJS 600
preferred. This compares with net ot
SG25.TT+ equal uft"g dcducting : par
cent rrciNrrrd dividends, 70 fifty nine
cents snare On co!nA!On "a 1920.
The Underwriting Committee Of new
stock Of the Ajax Rubber Company
stuteN thet virtually entire Offering Of
900 shares wnA taken by stockhold-
erS "f the corporation. The new shares
wer" offered at $3.50 each.
The dniIy average oti production in
the United States IN the week ended
witA January 81 was .4IH 200 bar-
rels, according to the AlGerican Pc
'vuleuw Inst.tutc'S figure. a decline Of
l2.1l" u day from the average OF the
preceding week.
a
The Western Saving Fund Society,
in It's seventy nth ANIMAL statement.
shows asset. ~ Of January ! having q
par W 'uc Of !S53,34a 900 and charged at
So ,0t3, ,''+". Amount due depositors
cu thai dNt" "ns SiT, 30. .20I. Society
rs - sp""!ni reserve on account OF de-
prcrintiUp In market value Of securities
Of 81 300 900, and surplus Of S2,-
20. .Gi7, total Si,7"3. .657. NJ
A. Il. Leach 4 Co., on Cumberland
County Power and Light Company
earnings, SAYS: "You VIII note for
twelve months there VAS a gain OF 0
per cent in gross Hnd y per cent In net,
after taxes, which was about one and
one half times total interest and rental
charge. The moAth Of December was
decidedly better than the mUnth!y aver
age, showing gain Of 10 per cent In :
gross and Is per cent in net, after
taxes, which Was about two anl one
third times total interest and rental
charges. The December statement n
most satisfactory and shows aujfs
clearly that the coppnny has reenyerel
: 'r the efoets Of the war conditions.
"