Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-29
FINANCIAL BRIEFS

The Bank Of England minimum dis
count rate remains unchanged Mt 3iA
per cent.
L. A. Lewis. vice president and
cashier of the Broad Street National
Bank, Is away on vacation.
The average price of the twenty ac.
tive industrial stocks declined O.23 ne,
cent yesterday to 02.24. while tht
twenty railroads declined Ola per CEN
to $40.
The Union Tank Car Company an.
nounccd that on August 1 1t would re-
deem 81 .5OO.0OO principal amount o.
It's equipment trust 7 per cent golt
notes. series a. due in 1880. al
1921. and accrued interest.
! directors of the Baltimore and Ohio
Railroad, at their meeting yesterday
| took no action toward restoring divi
| dcnds on the common stock. The
regular semi annual dividend of per
cent. however, was declared on the
| preferred stock.
! Tho car service department of Ameri =
! can Railway Association reports aver
| age daily car loadngs of coal in United
States in 1922 10 June I. 1885,. com :
pared with 24.337 in 1921. In first
week Of June 1922. coal loadings were
II. 425. compared with 23.3S2 I'm 1927
The American Petroleum Institute
| estimates that the daily average gross
States for the week ended June "a was
/ 1,44l.35O barrels. as compared with
,4i5.1OO barrels for the preccdin Z
week. n decrease Of 1850 barrels.
Maxwell Motor Corporation Is to in
vito tenders from holders of series "B''
notes. due June |. 1923. for prepay
ment on July :. Offers from firms mu It
be deposited with Treasurer Hutchin =
son from July ) TO July IL. II is
PLANNED to anticipate total Of 81 900. :
600 of notes
American Car and Foundry Company
in its report for the fiscal year ended
April 20. shows surplus of 81 ,tS3 $40
after charges. Federal taxes and pre-
fcrrcl dividends equal 70 S14.9t share
earned on the $50 900. 600 common
stock. This comnarCS with surplus Of
So 4jO. .SJG. or S2l.JO n share in the
previous year.
The number Of holders Of Ini.cd
States Steel common stock at closing
Of books for June dividend was 90. :
81. the lowest figure since December
1920. and comparing with 106.S11 in
March, a decrease of 700 in three
months. Preferred stockholders at
closing Of books for May dividend
numbered S1.446. compared with 81. .
So in February and 81 ,G2l in No.
vember. 1921.
According 10 London cable to
Montreal the RumHnian Government
has agreed With a British financial
group for the consolidation OF various
issues Nf Rumanian bonds. totaling
t31, ,OOO,OOO giving scrip in exchange
a per cent loan. redcCmabe in forty
years. with interest secured on import
and export duties. and also smaller loan
of t2.1OO 900 10 cover expenses of con
version and pay arrears Of interest.
-Punta Allegro Sugar receipts for the
year ended May 81 are estimated at
S5.5SN. 600 and expenses S+.24S. 900,
leaving operating profit 81 $40. 600
/ With the addition Of other income of
S21 900 total income was 81 .3G7 600.
After dcducting interest depreciation
inventory adjustment etc. of 81 ,321.
coo. net profit for the year was $40.
600. In the previous year. the com
pany reported 4 dcfC!: So, 2,S43. 29C
after nll charges.
North American Company report for
three months ended March 81 shows
balance Of So ,OS2 go after charges and
taxes but before depreciation. Con-
| solidated income account follows: Gross
earnings. SO 293, ,04O: operating ex.
0enScS and taxes. Sb.Sl2 4Go opCrat
ing income. SO. 44O.57S; other income,
SGS. I'll: total income. SO 800 $50: in
tcrest. S1,154,173 preferred dividend.
sub companies, S223, III; minority in.
| tcrest in Wisconsin group. Si9.0Hl
balance before depreciation. 50 OS2 GA
Net profits of the Mexican Petroleum
| Company and subsidiaries for the five
months ended May 81, after deduction
/ Of all charges. depreciation. taxes, etc,
were So 433. SIS. or S27sS shar,
! earned on the average amount Of COM
mon stock outstanding. according to &
/ statement issued Yesterday By the cor
roration. This compares with ,2SG,
| 500 for the corresponding period o
1921, an increase of almost 100 pei
ccnt. These earnings We're greater thar
for the entire year 1927. when net
profits were equivalent TO S2G.52 or
the common stock.