Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-09-08
n TX W c Z
Boyt AIS
Norfolk & W
NEWS FOR INVESTORS

gust 20 totaled S0O.S cars, an in
crease over the previous week Of 4.619
cars, according to reports just received
by the Car Service Division Of the
American Railway Association. This
was the largest number of cars loaded
during any one week since October l I,
1921. The total for the week of Au-
gust 2 exceeded the corresponding week
Of 1921 by OF 1865 cars. but 1t repre-
scnted decrease of 40, 40 cars. as
compared with the same week of 1920.
The Philadelphia Stock Exchange has
bought two of Its memberships, making
authorization of the Governing Com
mittee to purchase ten at $2j0O each.
The two just taken belonged to William
F. Goenner. JOhnstown. Pa, and the
estate Of G. /. Hudson. The mem
berships were not taken over for cQn-
collation.. but for an Investment.
The average price of the twenty ac-
tive industrials advanced .35 per cent
yesterday to 101 .05, and the twenty
railroads advanced 80 per cent to
02.19.
Reports are circulated in the New
York financial district that negotiations
are being carried on between interests
connected with the Royal Dutch Shell
Company of Holland. and j. s. Cosden
for control of the Cosden Oil and Re-
fning Company.
The Pacific Gas and Electric Com
pany. in its report for the first seven
months of the year. shows gross earn
crease of S771 1907. as compared with
the first seven months of 1921. After
all deductions the report showed sur
plus of S1,062, 754, an increase of
$35S, 1853 over year ago.
The Baldwin Locomotive Works has
received m order from the St. Louis
San Francisco Railroad for fifty loco
motives valued at approximately
81, $50, ,OO0.. The order includes thirty
five heavy Mikado type freight engines
and fifteen heavy mountain type pas
senger engines,
The directors of the Continental
Equitable Trust Company in declaring
n quarterly dividend Of 1 per cent in.
creased the annual rate from IL to 10
per cent.
For the first half of the current cal
cndar year imports and exports of sill
yer were fairly evenly balanced i'm
ports being $34, ,S91 800 and exports
S32 100 .S13, an excess of imports of
S2.731 III.
During August the Government made
loans to railroads amounting to $27.-
S62, bringing the total for two months
of the current fiscal year to $81S, 725.
Liberty Bond issues were practically
unchanged during August, the first loan
being reduced only 500, the second
loan BY $71OO, the third loan by 500
and the fourth loan by 5000. Victory
Notes outstanding were reduced Sl42,-
$50, 700. Of which S14l ,555 700 repre-
sented a refunding operation, being the
amount OF new 41 per cent four year
treasury notes issued in exchange for
Victory notes. or 81, 1913, ,507 900 Vic
tory notes outstanding on August 81,
$9B $50 $50 have been called for re-
demption December Is. 1922, and the
remaining $931 ,946, ,450 mature May
20. 1923. Public debt retirements
chargeable against ordinary receipts in
August included $3,522, $50 for sinking
fund and $500 representing forfeitures,
gifts, etc.
John II. Conner Company directors
Yesterday voted to offer $4,000 shares
OF common stock at $15 per share to
common stockholders of record Septem-
Der ~ In ther alto Of one share of
new for five held as of that date.
Subscriptions will be payable in full
on or before October 10 and new stock
VIII carry the full January l dividend
payment.
August sales of Schultz Retail Stores
totaled 81 ,0O5, ,223, an increase of
S244 ,002 over August, 1921.
The Todd shipyards Corporation,
for the year ended March 81, reports
net profits of $42O,3S7 after interest,
depreciation and taxes, equivalent to
So share earned on the 200, ,552 out
standing shares of capital stock Of no
par value, as COMPARED with net prOfits |
of 81 ,O04,32 or $14.s1 a share In the
previous year.
Joseph de V. Keefe has been elected
a member of the Philadelphia Stock
The par value of the stock of the
Indiahoma Refining Company. now S6
a share, will be changed to $25 o share
II a plan now being considered by the |
Is ratified by the shareholders.
II the plan 10 adopted, the present stock |
will be- EXCHANGED on the basis Of fvs
shares for one Of new. Adoption Of the
plan would reduce the number of shares |
from 100000 to 100000.