Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-09-15
NEWS FOR INVESTORS

The merger OF toS,lcn & Go. into tn
Royal Dutch Shell Group. possibility o
which was discussed in oil circles re-,
Gently. has definitely been abandoned.
- The average price of the twcnt,
active industrials declined 81 pcr cen
/ yesterday 10 20. while the twenty rail
roads advanced 1.12 per cent to 93.G1
! -Stockho!ders of the Penn Seaboart
| steel Corporation have been called II
! meet on September 20 at New York Il
vot" on increasing the number of share,
from 100000 to 200 900 without pnl
value
The Committee on Securities of the
New York Stock Exchange rules trans,
hctions IN saxon Motor common tod day,
unless made specifically for leash.
shall be ev- -rgh,s. Right to subscribe
"Xnirrs October =.
-Dlrcrtors Of the Thomas Devlin
Manufacturing Cor,pany hnv" ",rctc.l
Louis j. McGrath president. >ncrCcdins
Thomas Dcvlin. deceased. .Ioscnh =.
Rcttig wa: elected secretary and treas
urcr to I'LL the vacancy caused by the
election Of Mr.. MrGrath.
The consolidated income account for
four months ended December 81 of the
truciblc Steel Company of America
and subsidiary companies shows ret loss
Of S2lS.S22. Profit and loss surplus
December 3l last tOtaled S2i. 81 | ,37S,
against S2G. ACT 500 on august -.
1921.
The Chicago. Rock Island and Pa
rifir Rnilrond applied today TO the In
t"rstatc Commerce Commission for an
lhorlty to sell frs; and rcfundng / per
cent gold bonds in the amoUnt Of ~.
OBJ. COO at 81 and interest the pro-
""edS to be used for general corporate
purposes.
The interstate Commerce tommis-
sion has authorized the Chicago, In
dianapolis and Louisville Railway Com
phny to assume obligation with respect
to SI25,O 900 of equipment trust certif-
Gates to be issued by the New York
Trust Company in connection with the
procurement Of additional equipment.
According to n statement Of {. &.
uu Bois. president of the Western Elec.
tric Company, substantial majority Of
TINT rompany's I per cent bonds have
been presented for conversion into pre-
ferred stock. The bonds have been
called for redemption ON October |. at
tcmber 2l will not thereafter b. eligible
for conversion into stock. but will be
paid.
coliI,,aJ n;l r,,,,,,,,; L,i
or;ns f Di ~; W. r"' u'''n "'t" nups'u, ~
Sh"u '' af,nm n",'iJi,o ,n",i ''.a," T "un" "o
nr,i;n,r, ",'n, p.", i i'i,S ~, rHp'"H'H,
i"'' ir"nnn o""S e. n.n .,II''H.. ~, IT, net
oroiiaI Ti, "Tn e. EcI.mni ,I-"'|,, ""'.n Mhs
SorvoS and ~ ,,r,I', IT,, ''','I' ,ha s' So ,s r,
nf ,0oi I"" '' ;nnnr 80 Wv sJ "n oo- nn,l ,nl
of,or ar,o''sos rI;,',' ,n,m va, - ',i"'
a.t and in~or,or, w'",i" aJi',, o, taHe'' '"'ei'
r%o INV , L"an; or,"on aIiuc "II"r''sntI, HTalI,
nv ni'r' 'sun IIr'''ins !lhcnine 'om
ih""S lh frl''' a"F ''It Srnt enaed on June 81
tn"m' tonoS, tr, ,oFS %, $500" nt'rr m
trrr r,rs', i"S,n ins,n "'i'pn'u''oh ana lnveh
900 s" 5na ali''stn'eh,' ,hn mku'nS' net loss "t
mo,',non nr s pr".i'"S year. Aver
gani,''n, c. ,nn r',rr'r, nnn "hl common o!yi-
drnuS " noH " ntuu,v. .nn 1ne ne mehrlt was 81
J. 80 nR4lhs' S,'?'--" lhe preceding
sen'; W. 'ui.r "W rhs' proit ana loss
ourP'un ounP ""S H'rH;"o'' against Nl,"T-'"
~ June h'; i"-I;
Inc American hallway Association !
reports 'olhl or o'a3' surplus freight
'ars o.. AngaSt "i' decrease OF 90, 1O6
since August 20 surplus freight cars |
are ears In good repair in excess of |
''inrreht treight requirements Formerly.
ne ASSOCIATION reported the number OF
die cars IN pad order In excess of the |
normal number. but has recently dis |
this practice, The former