Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-09-18
NEWS FOR INVESTORS

--McGlinn & Go. announce their re-
moval to 52S- 90 Land Title Building.
Redmond & Co. announce their re.
moval from Broad and Samson streets
to their new offices at 1927 Walnut
street. 49,. a
The average price Of the twenty ac.
tive industrials declined O.58 per cent
on Saturday to 100. .43, while the twenty
railroads declined 0.32 per cent to
1OO.43. lyt5 n
The Baldwin Locomotive Works has
received an order for seven freight
locomotives, Mikndo type, from the
Nashville, Chattanooga and St. Loui.
Railway. Value of the order is ap.
proximately $3.50. 900. '.s@.
Tile Terminal Railroad Association Of
st. Louis has been authorized by the
Interstate Commerce Commission to is.
sue 81. .409, 900 of general mortgage. 4
per cent gold bonds. to be held SUBJ
sion. ..
The Chile Copper Company. for the
quarter ended June 20, reports deficit
| Of S1O7 800 after interest. amortiza- =
tion and depreciation. This compares
with deficit of S1.1O3. .1O5 in preceding
quarter and deficit Of S1,11O,O33 in
second quarter of 1921.
--Halsey, Stuart & Co.. William X.
Compton Company and Harris, FORBES
, 4 Co. are offering $500, 600 Lincoln
Joint Stock Land Bank s per cent bonds
due May ], 1842, at 1O1ai and interest
to yield about 4.60 per cent to optional
maturity and 5 per cent thereafter.
Organization Of the North American
Oil Company, a S35 ,OOO, 900 corpora
ton. into which is merged the North
American Oil and Refining Company,
the Noco Petroleum Company and
eight other companies. was announced
by c.. f. Colhord, president Of the new
concern.
The report Of the Chile Copper Com
pany for the quarter ended June 20
showed total income Of 81, ,451 ,403,
vious quarter. The net profits on the
copper delivered during the second
quarter were 81 ,351 .O73. as compared
with S320.710 for the first quarter.
p. W. Chapman 4 Co., Inc. arc
Offering new issue of 81 ZOO, 900
Stevens 4 Thompson Paper Company
first mortgage twenty year sinking
fund gold bonds at 05 and interest, to
weld Gas per cent. The bonds are
dated September I, 1922, and are due
September I. 1912.
-Ladenburg, Thalman & Co.. Red.
mond & Co. Kissel, Kinnicutt & Co..
and Freeman & Co. are offering new
issue of $2,560, 900 51a per cent equip
Seaboard Air Line Railway Company,
due mi-annually from 1923 to 1882.
inclusive, at prices to yield from 3
to 5.15 per cent, according to ma
turity.
Harrison. Smith & Co. and Biddle &
Henry are offering 500. 900 Borough of
DowningtOwn, Chester County, Pa, =,
"A per cent school district bonds. dated
October /. 1922. due October 1. 1927. to
October 1. 1852, inclusive. at prices
ranging from 100.67 and interest to
1O1.11 and interest, TO net 40 per
cent TO the optional date and 4.25 per
cent thereafter.
The net operating income of the
1ndiahoma Refining Company for the
month of August was SIT 900. accord-
ing to statement made for the com.
pany. and for the first eight months Of
the year. after deducting interest
charges but before depreciation and de-
pletiOn, is at the annual rate of about
~ per cent OH the $1,000. 900 capital
stock outstanding.
--Hambleton & Co. and +. Lowber
Stokes & Co. are making n new offer
ing Of $4,000 Hooking Valley Rail.
way Company stamped equipment trust
per cent gold notes, dated January
10. 1920. and maturing S63, 900 each
January 10. 1923 to 1885 inclusive. The
notes are offered at prices ranging from
100. 40 TO 102.10. and yield from 4.5O
to 5.IJ per cent.
Directors Of the Indiahoma Refining
Company have determined to change the
pnr value of its stock TO 500 n share,
from 50. at present. The change will
become effective about October %, tn
give tHe company time to request the
change be made in it's charter. Stock
holders will exchange five shares Of
present holdings for one share of the
S25 par value, thereby reducing the
number of shares from 1.OOO, 200 TO
25O, 900. The change is said TO have
been made for the convenience of stock
holders,