Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-12-09
NeyUs for Investors

Schultz Retail Stores November sales
sI7s,S 90 %, over November Nov, M 1921
f. Woolman, of W. J.
Woolman & Co.. New York. has pur-
chased the Philadelphia Stock Exchange
seat of Walter L. Ross.
The average price of the twenty
active industrials advanced O.07 per
cent yesterday to 07.SS, and the twenty
railroads advanced OH per cent to
An issue of $4,000, 900 Philippine
Island Az per cent bonds will be sold
to the highest bidder on December 10
by the Bureau of 1nsular Affairs at
Washington. They are dated July 10.
1922. and mature in thirty years.
The Arizona Copper Company annual
report, after ia king f5O0.OOO from re.
serve, shows balance at f06,3Si. After
dcducting dividend Of one shilling per
ordinary share paid in November, this
leaves f2O, ,3S0 to be carried forward.
The Bedford Petroleum Company. the
French subsidiary of the Standard Oil
Company of New Jersey, has completed
plans for increasing the capital stock
from 10000, 900 to 10000, 900 francs
by the issuance of 10000 shares of 500
francs each.
New York curb exchange admitted
to trading yellow Cab Manufacturing
Company 100000 authorized, Glass B,
common shares, par value SO. and
Boston and Montana 2,50O,O0O author.
lied capital shares, par value $40, have
been rcinstated to trading and quota
tions.
Charles W. Nash. president of the
Nash Motors, announced at Kenosha.
Wis, the new financial plan to be sub
mittcd to the stockholders December 10
at Baltimore. 1t includes the issuance
of preferred per cent stock in the au.
thoriard amount Of 500 10000 to re-
place the preferred stock Of SO. 800 900
which has been called for payment on
February |.
Following the regular meeting of the
Executive Committee of the General
Electric Company. Gerard Swope, pres
idcnt Of the company, asked whether
considered, said: Regular meeting of
the Executive Committee was held, but
at this meeting and at no previous
meeting has the subject of stock
dividend for General Electric Company
been discussed or considered"
-Dirrctors Of the Commonwealth Ed
ison Company at Chicago voted to offer
TO stockholders $4,000. 900 additional
Of the company's : per cent capital
stock. The offer is at par 500 n
share, although the market price of the
stock is around 1876. An increase of
tho capital stock of the company to
500. 900. 200. it is understood. will
probably be recommended to stockhold. .
ers in February. 1923. The present
authorized capital stock is $50 ,00O. 900.
The Dunlop Rubber Company, Ltd.
largest manufacturer of automobile
tires in England. which invaded the
American field two years ago with a
factory at Buffalo, has sold an issue of
Sl5, $4,000 first mortgage per cent
bonds to syndicate of New York
bankers. A public Offering Of the bonds
is expected to be dollar securities. and
will be made on Monday morning. 1t
is expected the price will be about a
- per cent basis. The bonds in 1912.
asked whether the Bethlehem Steel
Corporation would extend the time
within which the per cent non
cumulative preferred stock of the cor
poration might be exchanged for the
: per cent cumulative preferred stocl,
f.. e. Grace. the president of the cor
poration. stated that the Board of Di .
rcctors desired that every holder OF
the noncumulative stock should have
full opportunity to make the eXchnng,
and that he thought that without
doubt the board at a meeting which
would be held prior to December Il.
1922 would extend the time for at least
, two months