Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-03
NelDs for Investors

54S cars, against 13S, ,ScS the previous
month and 140,S16 a year ago. Bur-
.ington loaded 102.074 cars, against
The average prica Of twenty active
industrial stocks advanced 2.27 per cent
yesterday to $3.50. while twenty rail.
roads were los per cent higher at
0O.S6.
The New York Curb Exchange has
admitted to trading the Latin. American n
Oil Development Corporation, "A pros.
poet, 100000 authorized capital
shares Of a par value Of 81.
The Chilean Government has accepted
tho bid of the National City Company
Of New York. for a loan of 1S.O0O, 900.
The loan will be issued at OF. will
twenty years, with = per cent amortza. &.
tion after two years.
The Interstate Commerce Commits.
sion has issued an order changing the
interest rate on SO. .7OO. 100 Norfolk and
Western Railway equipment trust Ger.
tifcates from ; to ~, per cent and the
rate at which these certificates shall
BIZ sold from 97.1j to 05.5 per cent.
Panhandle Producing and Refining
Company reports for quarter ended
September 10. not income S3O7, ,St;7
after expenses and tax, but before sink.
ing fund, depreciation and depletion,
against $242.S4O the preceding quarter.
and $3.50. 1888 the third quarter Of 1921
Limited Verde Extension Mining Com.
pany reports cash on hand October l
as 81 .07S, 1913. Liberty bonds, par value
3,365, 100. with market value of 81.
800. c34, and Copper Export Associa.
tion 8 per cent notes $463 900. Out.
put during recent months has been
slightly in excess OF 5000, 900 pounds
OF copper month.
The Central Paper Company has sold
per cent serial gold bonds. dated Oc-
tober ,. 1922. to T. syndicate headed by
tlre Continental and Commercial Trust
and Savings Bank aud Halscy. Stuart
4 Co., which will offer the bonds at
par and interest. The securities mature
serially from October. 1925 TO 1O42.
Production of crude oil in the United
States for The weci ended October 2S
averaged 1.5S3..5O barrels daily. nc.
cording to the estimates of the Ameri.
can Petroleum Institute. This com.
pnrcs with $4,000 barrels, the dnily
average the previous week, and I. .l9O..
$50 barrels the corresponding week last
year.
Sealed proposals for the sale. at n
price not to exceed the par value thereof
and accrued interest. Of sufficient
number Of the equipment and first mort.
gage collateral ten year sinking fund
q per cent gold bonds Of the Keystone
Telephone Company. to. take up the
sum $1O0.0OO. will be received at the
Fidelity Trust Company antil Novem-
Der II. at IL o'clock.
standard on of New York stock
holders approved the increase in capital
stock from S75 1000 900 to $2..5. .OUD. 900
and changing the par value from 500
to SO. II was stated it is the inten-
tion of the board to declare II stock
dividend of 200 per cent. payable to
stock Of record December |. New
shares will be issued after that date
as soon as certificates can be prepared
and executed.
The American Railway Express Com.
pany In its report for July showed an
operating income. after allowing for all
expenses. amounting to sos .606. a de.
crease Of S6saO as compared with
yenr ago. Total revenues stnd Mt
under Juiy. 1924. For the first seven
months OF the year. operating income
amounted 10 S644.5l4, decrease Of
Si96.64 a. compared with tho cor.
responding period last year.
For July 1t is understood net income
Of the Shell Union OIL Corporation was
81 500 900 subject to Federal taxes,
making total for first seven months this
year approximately S,00O, 900. Daily
average gross production Of subsidiaries
0f Shell Union in September was 7G.-
476 barrels. including $4,000 barrels
shut-m production. as compared with
a daily average production In January
Of ~, $50. nm increase Of over 10 per
cent. The July earnings Of roundly
81 ,Nl0, 600 were made with q number
pe wells closed ~ owning u market con.
diltoas In OIL "a de at that .tins.