Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-01
Nevs for InUest0rs

uV oHu
Railroad was authorized today to ex.
tend until 1852 the maturity Of bond
issue which fell due this year.
Sales Of Montgomery. Ward & Co.
in October increased 1881 per cent
l4.59 per cent.
-Janney & Co. announce that Horace
+. Beaver has become associated with
them In charge Of their municipal bond
department.
The average price of the twenty ac-
tive industrials declined O.79 per cent
yesterday to 96.1l, while the twenty
railroads declined O.50 per cent to
S0.2J.
German General Electric Company re.
ports net profits Of 168. 600, 900 murks,
against S2.39O.OO the previous year.
The company distributed dividends Of
% per cent. against ~ per cent last
year.
The value Of stocks listed on the
London Exchange increased during Oc.
tober f136,7S from f375. 5.0jS,S4 in
September. and f257 800. 420 year
ago. The Financial Times index rose
40 of l per cent In October to S4.5,
which is 4G.5 above 1913.
The New Jersey Zine Company for
the three months ended September 30
shows net income of $l.732, ,52l after
charges and taxes. This compares with
net income of 81 .5S6,G45 in the preced.
ing quarter, and net income of SI63 ,O53
in the corresponding period Of 1921.
Stockholders of the National Surety
Company voted to increase the capital
stock of the company by issuing 10000
shares of new stock at n subscription
price for stockholders of $3.50 per share
This will give the company a capital Of
S7,O0O. 900 and n surplus Of more than
ST.:O0. 600.
Tho report Of the Pierce. Arrow
Mo,orcar Company for the three months
ended September 80. made s'L. yes.
,"rday. showed deficit a. '-es
Of S:.39. 800. compared with a
for the corresponding period of l9:,
amounting to S?.1Oo,393. There was
an operating income for the later period
Of Sl1 ..O9.
Spencer Trask & Co. are Offering
81 600. 900 Renfrew Manufacturing
Company fifteen year : per cent sink :
ing fund gold notes. due November !
1897, Mt par and accrued interest. They
are redeemable at 1912 to November i =.
1880. at 100 on May | and November
!. 1891. and thereafter at / per cent
les, for each succeeding year.
A new issue of 1000. 900 Southern
Minnesota Joint Stock Land Bank j
per cent farm loan bonds Is being of
irrrd today by Dillon, Read l. Co.
and the Northern Trust Company, al
1913. to. net about a., per cent to the
optional date and ) per cent thereafter
The bonds are dated November l. 1902
and are due November l. 1852.
The BondhOlderS' Committee of the
United Telcphon" and Telegraph Com
pany has adopted plan for the re.
organization of the company which ha.
been filed with the repositories under
the bondholders' agreement. The com
mi,tce consists OF james Archibald, II
II. Gilkyson, \. &. Robinson. W. W
Ryon, I. NJ, Stevenson and Charlc'
+. Miller.
--R"reivers of the Toxns and Pacifi
Railroad were authorized today by th
Interstate Commerce Commission to rs
sumo liability for payment Of intercs
and principal of $4,000 in 3 per cen
equipment trust certificates. Witt
funds from the sale Of these securitie
and from other sources, the road Is be
ins provided with about 81, ,OOO, ,ON
worth of new equipment.
For the three months ended Septem
her 30 the Pierce Arrow Motor "a
Company reports deficit of S3i1. 9G!I
after charges. depreciation and taxes
This compares with n deficit Of 81 7G'
the preceding quarter. and q deficit D
81. 2.lO3.!GG' in tn" corresponding quar-
ter of 1921. Deficit for the nine month
ended September 30 amounted to S33D,
063. against 81. lH. 300 for the CORE