Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-22

tive Industrial stocks declined OH per
cent yesterday to SSH while the twenty
railroads advanced O.15 per cent to
80.07.
Formal notice has been received by
Tho New York Stock Exchange from the
Frecport Texas Company, Of a proposed
increase in capital stock BY 100000
shares.
Union Bag and Paper for the year
ended December 81, reports net loss,
after oil charges, Federal taxes and in.
Ssno.; Ssnto.y no. 1djSst%%ss nlh. m o2s u iS
United States Steel Corporations an.
nual report for 1921 shows balance ap-
y. p.icable to $5OS, ,3O2, 500 common stock
Of $11, 1901, $40. equal to 1924 share,
compared with SS4, ,47d $50. or S1G.82
a share, in 1920, and sol, ,5T4, ,9O5, or
$1O.14 share, in 1910.
Lake Torpedo Boat Company reports
capital surplus and undivided profits
on December 81 last of S5.74O,J71,
compared with $5,54S, ,22l on December
81, 1920. The total current assets on
December 81 last were 81 1.225. 206.
compared with current liabilities Of
so, ,A2.
The advance in sheet bars by the Car.
negic Steel Company to S31 per ton
I. o. b.. mill. which is effective on
second quarter deliveries. and, there.
fore, becomes operative on April /, Is
believed to be the forerunncr of prac-
tically n general advance in all finished
and semi finished lines.
The Committee on Securities of the
New York Stock Exchange rules that
until further notice the Peoria and
Eastern Railway Company's income
mortgage non cumulative I per cent
bonds, due 1890, to be delivery must
carry the April I. 1922. and subsc-
quent coupons.
McCrory Stores Corporation. reports
sales for February Of 81 .O56 .OS0, com
pared with $945, ,023 in February Of last
year, an increase Of 11.64 per cent.
Sales for the two months ended Feb
ruary 2S amounted to So, ,02G, 13G, con-
trasted with 81 .S43. 1888 in the same
period Of 1921. an Increase Of 9.s7 per
cent.
Missouri Pacific Railroad Company,
has sold S1S ,OOO. 900 first and refunding
mortgage 9 per cent bonds. The proceeds
will be used for the retirement of $40, =
Gal 900 bonds maturing on January I I.
1923 and to reimburse the treasury for
capital expenditures. This issue is part
of Series i maturing February /. 1949.
The entire series is redeemable at the
! option of the company, as Il whole, at
1911. on ninety days notice.
The Maxwell Motor and Chalmers
Motor Corporation in their consolidated
balance sheet as Of December 81, repor,
current liabilities Of S6,27S, ,9i3, lenv.
! ing net working capital Of Sl3 .452. =
7l5. Cash on hand tOtnled s.. 500. .2Si
bank ucccptanccs S4.121 $50 and IN :
! ventorics $40. .!jf3. 800. Notes payable
| total $3,S40.705 and accounts payable
81 .S41 800.
Owens Bottle Company. for the year
ended December 81. reports net profit Of
360,OoG. after charges and Federal
taxes, equivalent, after preferred divi :
tcnds. to 1.03 share (S25 par)
earned on the S16.572, 100 outstanding
! common stock. This compares with
net profits Of 81. :.so2 2O5. or &S.OG n
share. on the S11 .O"7 $40 common stocl;
In the previous year.
Union Bag and Paper Corporation re-
ports for the year ended December 81
last. net earning after maintenance bu,
before depreciation Of S791. 100. COM.
pared with S5.r4G.3OO in 1920. The sur
plus after depreciation. interest otc.
was $3.50. .754. contrasted with S3.l7J.
02G In the previous year. The total sur
plus on December 81. last afte: divi-
dends and inventory reduction Of 81.
! lO7. 7.lI1 was S1.lSG.0i2. COMPARED with
II l.S1!.3O5 on December 81. 1920. Dur
ing the year four qua cterly dividends of
- per cent were paid out OF dividend
reserve of 81 zoo. 900 that had been sct
aside
! Earnings Of the American Gas Com.
pany for the first two months of the
present year. after all charges. were
S1IG. 1OG. This IS cqulvalon, to about
2ll per cent on the SI.S0i. 100 stocl,
outstanding and represents an Increase
! u S1:3.i io1 over the first two months
! of t!21. For the twelve month period
! ended February 2S the company's earn
| ingH have been S;i3O323. equivalent to
! sos per cent on the stock. For the
twelve months of 1921 earnings equalcd
approximately q :" per cent. about 1
per cent being made in the last thrc"
months Of the year.