Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-08-28
EVENING PUBLIC DGER-PHILADELPHIA, MONDAY,
Financial Briefs

--IprfnAn marks were vuo'tu ~ v'''
to the pound sterling in London today,
Compared with 5000 on Friday.
The average price Of the twenty ac-'
tive industrial stocks advanced O.23 per
cent on Saturday to 10000. while the
twenty rails declined O.22 per cent to
01 81.
The report of the Brooklyn City Kali
road Company for the year ended June
30, shows net income Of 81, IGJ.J2S
after charges and taxes. equivalent to
81. share (par S1O) earned on
S12 900 900 capital stock. This COM
pares with deficit Of $356,SoS the
previous year.
The War Department announces Two
issues of Porto Rican. 81 .OOO,0OO i'm
provement bonds drawing > per cent m
terest and running from 1941 to 1944,
inclusive, and $3.50 900 3 per cent ir-
rigation bonds running from 1861 to
1862. inclusive. Bid for these bonds
will be opened on September y. Inn
provement bonds will be redeemable in
lots of $3.50. 900 In 1911. 1042. 1043 and
1914; the irrigation bonds will be re.
deemable $3.50 900 in 1861 and 500, 600
in 1862.
British Treasury bills outstanding
August 90 totaled f312. 800, 900. against
f3O7 800, 900 ut the end Of July. f295,-
1000 June 30 and f24G, 900, 900 on
January /.
The end of July. 1914, London Stock
Exchange account falls due for settle
ment on Friday. next. when it is esti-
mated about $4,000. 900 of stock has to
be paid for. No fears are entertained
regarding liquidation but clearance of
this pre-war wreckage removes any
menace to the markets.
For the quarter ended June 30 Ful-
can Detinning net income was $50. .040.
after taxes and charges, against net in :
come of $2l, ,442 the previous quarter
and S1GI2 in the second quarter of
1921.
The Texan Company has organized a
subsidiary in Colorado, to handle Its
production in the Northwest. with
81 900, 900 capital stock. known as the
Texas Producers Company.
Last weeks trading in the bond mar
ket was marked by broadening in
activity with several new highs for the
year. Liberty Loan issues continued
their downward tendency of the pre-
vious two weeks as a result of sena-
torial assurance that bonus measure
would be speedily passed. There was,
however, no evidence of any real selling,
as trading for the week in these issues
was about the lightest on record.
The preferred stocks Of many indus
trial companies have scored sharp ad =
vances over the last twelve months,
many Of them now selling between 1lJ
and 125. Gilt edged industrial pre-
frrrcd stocks now net the investor be-
tween per cent and 61a per cent. n
good return considering the high prices
commanded by bonds.
Ryan Consolidated Petroleum Cor
poration reports consolidated gross in =
come from operating properties of
S413.206 for six months ended june
80, 1922. Expenses totaled S134, ,12S
and net profits before deduction for de
probation and depletion were $270, ,16S.
Company states cash and quick assets
less all liabilities are in excess OF
$4OO, 900.
Sales of Treasury savings securitie.
continue to increase. For the frs,
twenty-four days of August they
amounted to 80, 25S .3J1. compared witt
81, ,151, 13O for same period last year
and for the fiscal year to date the tota
Is $23 ,421 .9SI. against 50 $50 .236 Re.
dcmptions in the first twenty four day!
of August were S2.710,3S7. agains,
81, 1G7, 800 for the same period of Au.
gust, 1921. and for the fiscal year tc
date rcdemptions were $G,243, 1914
against 15,993.2 .2I2.
Interest payments by the United
States for the first twenty-fo days o,
August were S1G.IS2 .03J, against $1J.
234. I'D for the same period of las,
year. and for the fiscal year to date
they We're $40, ,TU1 .12S, to compare with
So, ,0SS, 767.
In the first twenty four days Of Au.
gust proceeds from the sale Of surplus
property by the United States amounted
to $2,I12,G43 against $7,4l7.io9 for
the same period OF 1921. and for the
fiscal year to date So, 7G3 ,063, against
$40, POI ,;J40.