Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-22
FINANCIAL BRIEFS

per cent. ,,.ts
Illinois Central's loadings for the first
half Of June totaled SO, ,S46 cars. against
"a sos month ago and 70,2S5 a'yeaf
ago. t.Y n.5
Herman II. Lange, formerly with
Harris, Forbes 4 Co., has become a..
ISOLATED with West & Co., in charge
Of their New York sales organization.
The average price Of the twenty
active industrials declined 40 per cent
yesterday to 3.O2 while the twenty
rails declined % per cent to 1852.
"A dispatch from Guatemala City says
the Guatemalan Government has decided
that. the only remedy for its present
financial condition. is the negotiation OF
an external loan. and steps are being
taken In that direction. -sr
Gross domestic pipe and tank farm
oil stocks IN the United States increaSed
9, 723 600 barrels in May. according to
figures compiled by the American Pc
troleum Institute. East Of the Rockies
the increase wos 8,037 900 barrels and
l 1850 in California.
is trying to borrow money
In the United States on rum. according
to report to fhe Commerce Depart
ment from Consul Morsn at Guayaquil.
The consul sold II was reported that
Eclador was negotiating for loan OF
IS, 900, 900. f-....,. \ :. ,,......
Mexican Petroleum Corporation
SLOWED earnings equal to. $20.50 O.
share. compared with 5000 a share
In 1920. The president Of the com
pnny gnve further comfort to specu.
lators for the rise by indicating that
earnings for 1922 were running at the
rate Of $50 a share.
Directors of the Cities Service Com.
pany at meeting yesterday authorised
the announcement Of a plan for the
payment. of dividends in cash on the
preferred stock on September and the
preference stock on October 1 md the
redemption Of all scrip issued for diyi-
dends OH these stocks.
Western New York and Pennsylvania
Railway for the year ended December
81 shows total railway operating rev.
enucs Of $1S, SO, las, a decrease Of 3d.
~, ,2l2, and operating expenses Of
SlS, ,6S3. GIL, a decrease Of S,S74 .063
and railway operating deficit Of $751;.
175, decrease Of $2,307 .811. ~
1t was reported in the New York
financial district that negotiations were
under way BY bankers and ohicials of
the town Of Hagen, Germany, for a
6O, ,ON, 900 mark loan in the United
States similar to the recent loan to
Elberfeld. The loan will bear per
cent interest and will be repayable In
marks. .'
-Odd-lot brokers' in New York, acting
on their own initiative, sent out notices
to all Of the large commission houses
that they will not accept any selling
orders in odd lots for Mexican Pc.
troleum unless the customer has the
stock on hand to deliver. On receipt
Of this notice virtually all Of the houses
advised their customers similarly. .
The purpose of the proposed increase
from 500, 900 shares to 1 ,00O, 900 shares
IN the capital stock Of the Callahan
Zinc Lead Company, according to a
circular issued to stockholders BY John
Borg, president, is to permit the com.
mining enterprises and to expand
operations generally. o
The report of the Pan. American
Petroleum and Transport Company,
which owns and controls the Mexican
Petroleum Company, for the year ended
December 81, 1921, shows net earnings
Of SIS, ,162 1913, or $3.50 a share on the
common stock. compared with a net III.
come of $12,0S7, ,753, or $1S.58, in
1920, based on so, 178, $50 common and
common :.B" stock outstanding Dc.
cember 81. 1920. ....l..
The seventeenth annual report of the
Maryland, Delaware and Virginia Rail-
way Company, Pennsylvania system,
shows q net railway operating deficit
for 1921 Of $1O2, 437. nn increase of
$1G8, 8,872. Deficit transferred to profit
and loss from years operations was
$245 ,O41, making total debit of profit
and loss on December 81, 1921, $2,.
'228, 800.
The New York, Philadelphia and
Norfolk Railroad for the year ended
December 81 reports railway operating
revenues of 1851 500, a decrease Of
81. .750 800; operating expenses of &c..
Dol ,4S2. a decrease of $l.526, ,7O5, and
net railway operating deficit Of ST.
16J ,25S, an increase Of S1G1 ,O51. Nom
operating income was $l71 ,O05, a de-
crease of $24, ,O4S, and total deductions
from gross income 1885, 742, an increase
Of $34,070. -
For the year ended December 81 the
Philadelphia, Baltimore and Washing.
ton Railroad reports gross income, prin.
cipaly rental received from lease of
$500 $50. After interest charges net
income was 81, ,701 ,8O1. increase $101,-
00s. out Of which 81, 100, 2i7 was paid
In dividends, also an increase of $1O1..
008, leaving $13S4 transferred to profit
andll1ss account, which at close OF the
year Mood at $14, DDS, ,O5S.
Cars loaded with revenue freight in
the week ended June 10 totaled 64N,.
OO2. an Increase Of 05 .257 over the pre-.
vious week, which was q holiday week,
and nm increase Of 24,S71 over the week
Of May 27. Loadings for the week
ended June 10 were within 33 cars of
the largest loadings for any week this
year preceding the coal miners strike.
The weeks total represented nm in
crease Of 5S,7 10 cars over the same week
from the corresponding week in 1920.
The Northern Central Railway for
the year ended December 81 shows In
come rental received from. lease of road
to the Pennsylvania Railroad of So
504 ,OS9, nm increase of S44 1876; deduc-
tions for interest and organization ex-
penses $42S ,S21, also IN increase of
x44, 166, leaving net income of So.
168, 1868, out of which dividends OF s
per cent, aggregating $2,108,172, were
paid, leaving balance transferred to
credit of profit and loss $100 and making
total amount Of that item at end of the
year 81, ,6S2 ,004.
-Halsey, Stuart & Co.. Inc. Cassatt
& Co., OF Philadelphia, and the Second
Ward Securities Company, Of Milwau.
kee, are offering an issue of So, ,OOO. 900
State of Catharina, Brazil, twenty five.
year 8 per cent external sinking fund
gold bonds at n price Of 1O1 and In
tercst to yield more than 100 per cent.
The bonds are dated February l, 1922,
are due February l, 1047, and are