Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-12-16
NelUs for Investors

--Advices from Copenhagen state that
tho Swedish Match Company 45,OW,.
600 kroner issue has been oversubsrribed
in Stockholm.
Directors of the Mexican Petroleum
Company. Ltd, yesterday raised it's
common stock from $40 to $l6 annual
dividend basis by declaring II quarterly
dividend of 81 o share on that issue.
The Board Of Governors Of the New
York Stock Exchange has passed res
olution making it obligatory for every
broker to stamp the time on every
order to buy ar sell stock as it is re.
ceivcd.
--Trans.C Continental Oil Company for
the quarter ended September 80 shows
gross earnings of S4. 242 303, operating
expenses S3.6Il los, net earnings
SGO1 .1S0. administrative and selling ex-
pcnscs $500, All, and profit $50. 1G.
The Michigan State Telephone Com
pnny has called for payment the out
standing preferred stocks aS NJ Feb
ruary |. 1928 The directors also pro-
vidcd for payment for the accumulated
and past due dividends on tho preferred.
The statement OF the Mexican Sea-
board Oil Company and the lnterna-
tional Petroleum Company for nine
months ended September 30. shows net
revenue of $9.220, 1GI after expenses
and interest on debcnturcs but before
providing for depletion and Federal tax.
directors of the Pittsburgh Stock
Exchange have admitted to trading,
from and after today. TO and includ-
ing December 20, on II when, as aud
if issued basis, GNS. 500 shares Of
capital stock Of the Union Natural Gas
Corporation. par value SO II share.
Only about one -quarter of the VIC
tory Bonds lu" and payable in the New
! ork district has been presented for
payment. The total amount held in
that district is approximately 500
OOO, 900 md the total in the entire
country nbout $72o, 900, 900.
Tie Reading Company has been
granted authority to assume liability
of principal and { per cent interest
on $500 600 first mortgage bonds of the
Philadelphia and Frankford Railroad.
Tho Boston Elevated in November
earned. above cost of service. SlII ,JG3,
compared with $3.50, SOB in November
n yenr ago.
Directors of the Pan American
Petroleum. and Transport Company.
nfter their II citing yesterday. furnished
| Wall Street with another pleasing sur
prise. \ stock dividend OF 20 per cent
! Was declared ou both classes Of common
stock, pNYahl" in Class Is shares. This
il in addition To the - per c"nt stock
dividend uornrsd late in October. when
| tn" regular dividend was also increased
| from $G TO s. II share annually.
81 The consolidated statement Of th"
General Gas and Electric Corporation
and its uihliatrd companies for twelve
! months ended October II shows Il gross
! Of ST. 100, ,Nil. compared with Sll.-
+ l56.2 294 in 1921, Operating income,
| after dedurting taxes. rentals and de-
probation allowances. was %,191 ,"Ui,
compared with S3.oGS,i5O III 1921 ,
while h0lnncr available for General Gas
and Electric corporation, after deduct
ing all subsidiary company charges, was
81 1s2 2J9 Net inrome of parent cor
poration nrplicnblr to its prcf"rrrd
stock was SIh2 .OTT, or more than ~
times the annual requirements Of tho
, y. 800 share" oF the = per cent Cla ~
\ preferred outstanding.