Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-13
Financial Briefs

The annual meeting of the United
Gas Improvement Company will be held
Monday, May !. at II o'clock.
Postum Cereal Company common and
preferred stock will be placed on the
New York Stock Exchange board to-
day.
Pure Oil Company states that stock
! holders have taken all of St2.S01 900
additional common stock offered them
! for subscription at par. SD share.
---ReVloglc Steel Company. IT. ia under
stood. plans TO offer 70 stockholders
1"j,OOO shares of new stock. increasing
q its capital 30 per cent. Stock will be
offcrcd ut $50 share.
81. Paul's revenue loadinss first eight
days Of April %3. S3S. against 20 GAS n
year ago. 1erre HautC and South =
! Westerns commercial business and com :
pany coal total 1904 against 22SO. Rock
Islands loadings first ninc days April
decreased IL per cent.
| --lteports of railroads to the Interstate
| Commerce Comm; ssion for February
show roads earned 40 per cent OF
their tentative valuations, 1.-THE high i
est rate Of return in more than eighteen
months with net income of 1902, GOO
compared with deficit of SI.110.S6I in
I February. 1921
Cons solidated statement Of Postum
Cereal Company. Inc. as submitted to
the New York Stock Exchange for the
period from January 1 to February u.
1929. shows net profit of S3S2.1Sl,
equivalent after preferred dividends TO
81 20 share (no par value) earned on
the 200. 600 shares of common stock.
Argentine Finance Minister will seek
n short term loan In New York pend
ing definite financial program Of the
incoming administration. Probable
amount Of the loan is variously stated
az from $50 900, 900 to $50. 900. 900.
Proposed hotntion will not conflict with
plans which the Argentine Government
has for negotiating long-term loan Of
500 900 900 IN this market.
Net earnings Of Owens Bottle Com.
1922 amounted to $3.50. $50. after
charges and taxes. against Sass, sos
sare period 1921. After payment OF
regular quarterly dividends. surplus this
year amounted to S159.536, whereas
after payment of dividends last year
there was deficit Of S3S.7O2. First
quarters earnings in 1922 show sub
Stantal increase over last quarter 1921 +,
when there was loss of about S117 600.
The Governing Committee of the
New York Stock Exchange approved the
amendment 10 its constitution calling
fer committee Of three TO supervise
all questions pertaining to dealings in
odd lots. This step followed the re-
cent statement by Seymour l.. Crom-
well, president, that certain measures
were to b. adopted to improve the
method of handling odd-lot transac.
tions. Members Of the exchange will
vote OH the amendment on April 20.
The committee representing the hold
crs OF the 8 per cent notes Of the Col
umbia Graphophone Company sent n
letter 70 notcholders stating the deposit
agreement had been amended. subject
70 necessary submission to the stock
holders. so as TO give the committee au.
thority to deposit under the proposed
plan respecting indebtedness. OF Column
b;a Graphophone Manufacturing Com
pany alb Of the notes which have been
deposited or which may hereafter be de-
posted with the committee
is made OF the incor =
poration of the firm Of Mann l. Dilks
under the laws Of Pennsylvania. At
its first meeting as a corporation Wal
ter IT. Dilks and William Il. Mann.
.Tr.. the original members of the firm.
we're elected president and vice prcsi =
dent and treasurer. respectively. j.
Lynne Stark. Office manager. who joined
the firm in 1908. vas elected secretary
and Morris J. Short. who has served
with the firm since l01 . first as sales
! man. then as buyer for the women S
department. was made assistant secrc /.
tary and assistant treasurer.