Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-10-24
NelCs for Investors.

NeUS for Investors.
John Elnson is associated with lIol-
man. Watson Rapp. investment bond
! house.
Tho InvIncib~ Oil Corporation vii,
! retire its = per cent sinking fund bonds
1 On November ~ at no and accrued
interest to December I.
: IN" Rumaninn Government has ar
ranged with IN international group of
"nnk"rs for conversion Of $40. .OOO. 900
@ "i ITS short term Treasury notes.
: - II" average price of twenty active
industrial stocks declined 1.S4 per cent
yesterday to lO0.l1. while twenty rail-
! roads were 80 per cent lower ut ~. 80.
Nirt"r Talking Machine Company
$t"'kh"dcrS approved the resolution .,
d'r""t"rs providing for an increase in
common stock from $1,000 600 to $50
tNO. 900.
! -.Al m"ctIn" 0f thc directors of the
Chestnut llill Tit" and Trust Com
rany William Harvey MnuS and IIami-
/ tom l)ESt"n wer" cle,tcd member! of
J III" board.
Funds to retire the Invincblc Oil
bonds hnv" been obtained through the
sal" of treasury stock and the balance
remaining is to br used in an extensive
EXPANSION program.
-'oca Cola Company reports for three
! months ended October net income
S..lG4, ,'GI after expenses. interest.
i etc.. against s.. 10. 90 the preceding
quarter and 81 .3I2.:i4:, the third quar-
ter Of 1921
Secretary Mellon announced the total
nll"tmcnts ON cash offerings of "A per
cent treasury bonds Of 1910 amount
to sol .3Sj.OOO. Subscriptions nggrn-
Laiin2 about S2J2 .OOO. 900 have been
received ON account Of the exchange Of
! fcrnS.
An issue Of 'S2,j54 900 City Of or
tawa. Ontario, 80 per cent serial gold
I bonds. is offered by Dillon. Read & Co..
nj prices to yield from ) to 90 per
cent. The bonds are dated July |,
,"23' ,"2:;' and are due July |, 1928 to
--l'onbright & Co. are Offering a new
issue Of 81 100. 900 United States Pub
liz Service Company first lien gold
Bonds. second series. q per cent. due
October !. 1917. The bonds are being
offered at ~ and interest. to yield over
go per cent.
There is every Indication that ,h.
California Packing Corporation this
year will produce Il record pack. 1t il
estimated thr volume of business will
run between 81 aud 40 per cent ahead
# 1'21. Pack cost IL less than in
l!2l and was Soln at higher price. A
81 bStantirl reduction in borrowings has
been ma 10.
--Th" Stock List Committee of the
local rN"Ilnng" has admitted to the reg
ular list SlJ.4iI. 900 William trump &
Sons Ship and Engin" l;uildny Com
ranN capital stock certificates. trans
i,rabc at the office of ,hc company,
Richmond and Norris streets. Phila-
d"lphia. and countcrsignrd and regis
tered by the Fidelity Trust Co?,pnny,
registrar.
An i$Su" of S12 1000. 900 first ana re-
funding mortgage gold , per cent bonds.
Series \. OF til" New Orleans Public
Service Corporations Inc. IS offered by
billion. Read II Co.,. at 90 and in,rr
est. I" ,iyd about 30 per cent. The
cooperation has been organized to ur-
H'irr T'i' entire H>s"t> # th" New Or
leans Railway nnl Light COMPANY. and
{" operate all uf its properties and its
sub sihiarir>.
Approximately G:noO 900 IN IT,
per cent bonds of lD4I - will be- is
>u"l by the Treasury ns Il result of tb.
first post bond financing of the
Government. Announcement wa. Inudp
rs Secretary Mellon that the Treasury
had allotted sal .}SI 900 of the ucw
bonds to cash subscribers and had NO. |
r"ptcd about S2J2 .OOO, 600 I'm Victory
notes and Treasury certificates of in /
d"b"dn"Ss in exchange for the new is.
sue.
An issue of $1,000 900 Western
states Gas and Electric Company ff.
t"cn Year u per cent notes. Series \.
T. offered by n syndicate headed bv
lilyth. Wittrr g. Co.. at 0G to yirid
G.lO per cent. The bonds are dated
Grtnb"r !. lo22. and fall 'lu" Octoi,r /.
EIi'. Ihry are r"lccmnblr nS II whole
or in part ON thirty days notice 10 urd =
Including October !. 1927. at 1O1. aud
,nrr"a''"r ,n ana including October |.
T'?h. n' lo2l2. and thereafter at 100.
i ,rctors Of the Central l'rucuny
RnilwnyS have announced dividend. for
tn" fiscal y"nr ended with June. North.
"rn EXt"nSion Company >harrhnIIc IcrS
r""e!vcd final dividend Of IS, making
with interim pay mrnt. "a per cent
comparing with ; per cent for urcvinus
year; Eastern Extension Company re-
r"ivcs bn lance dividend or *. making
total OF per cont, comparing with -,
per cent. Main Line Company or,ll
nary Sh'reh"li"rs get no dividcnl al
Lh"mgh sro'" earnings were reported at
=
-'nldwrll Co. are offering II now
is>,I" of 81 100000 Ca,ldo PnrisL Jo'
tShrcvcrorD. > per cent school bonds.
naturi ng Serially July |, 1923 to 1919
inclusive. at prices TO yield { 80 prr
cont. The latest financial statement
of the district gives an assessed val,u.
ti"n Of taxable property of SlOl or
$50 and II net bonded debt of 81 400,
600, III" bonds have been issued To
provid" funds Tor the construction Of
nddilionn school buildings. nnd are
secured by and payable from II direct
and unlimited nd valorcm tax irrcyo-
rnhly levied on all taxable property.
Directors of Pan American pctro.
'"nl" ana Transport Company have
voted to oiier common and preferred
rtockholders Of the Mexican Petroleum
Company to exchange their stock any
time between October 20 and Novem-
bcr y, Inclusive. for Class u common
stock OF Pan American Petroleum and
Transport tomnany, For cach share of
Mexican Petroleum Deposited for OK.
change there will be issued two and
"ne-hnlf shares of Glass Is common of
Pan American Petroleum: each share
Of Mexican Petroleum preferred will
receive in exchange one and one tenth
shares of Class B common stock of
Pen American. ~