Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-10-30
NelUs for Investors

i'''.. os'A l..... 81 NJ S.... W.
NelUs for Investors
Tho average p,ice Of the twenty nc.
tive industrials declined O.OS per cent
on Saturday. to 0S.6S. and the twenty
railroads declined O.l0 per cent. to
01.7l.
Superior Oil Company reports for the
quarter ended September 30. deficit of
$3.50 $50. after expenses. depreciation
and depletion. against $302.0m the
third quarter Of 1921.
Tho Chicago Great Western Rail.
road applied today to the Interstate
Commerce Commission for permission
to issue S006.5 .573 in 5Hs per cent notes
to dcfray the cost of 500 new box cars.
--SXrlly Oil icporta consolidated net
income Of S471 .332 for September BE-.
fore depletion and depreciation. Crude
oil production averaged 1l.7GO barrels
daily net, the largest for any month
thus far.
Owens Bottle Company and subsidi.
cries reports for nine months ended
September 80. show net profits $2,0j3.-
333 after expenses and Federal taxes,
against 81 ,iSJ, ,SG5 the same period OF
1921.
The volume Of sales IF the Sinclair
Consolidated Oil for September show
increase Of approximately 2:i per cent
over tho same mCnth Of 1921. Report Is
also show Sinclair's foreign businas. is
steadily increasing.
Minneapolis and st. Louis gross earn-
ings for September were ." ; 'r,
and net. after expenses, $212. 2.O03 the
deficit was $14.Gi7 after cOnsideruti"Il
of non operating income and deduction
from gross income. including fixed
charges.
--Neorganization Of the Goodyear Tire
and Rubber Company Of Canada has
proved successful beyond expectations.
Profits for year ended September 30.
Inst, are estimated at 81. .OOO. 900. after
depreciation anl providing special re-"
serve account of $1,000
--R. NJ. Grant & Co.. Inc. are offer.
County, Va, 5ia per cent rond i'm.
rravement bonds. due July /. 1892, op.
tional July 1927, at prices to yield
! rer cent 20 the opt .0nal date and
51a per cent thereafter.
-. The Ovens l'Otte Company reports
for the nine months ended September
10. net prciit S2.0;3 .:ES;, nftet' expenses
and Federal taxes, equal after pre-
terred dividends. to Sj.5i q share ISL
Ear) on 1871 900 common ngninst
81 .4S5, 500 or, 81 AZ same period. 1921
The Empire Gas and Fuel Co.., for
the nine months chicd August 81. show
net earnings available for bond interest
and reserves 0f $S.327 ,JSG. Based on
current earnings. the figure of tho
twelve months ending November 30.
should be approx imately SlO.:IW. 900.
Secretary Mellon announced last
, night that tho new AZ per cent long.
term bond is,uc would be held down to
S7G3, ,45O, 800. OF this total the cash
al!o,mcnts will be $5l1 ,30O. 900 and the
conversion Victory notes and crrtiii-
Gates OF Indebtedness due or December
| Is. $3.50. .OGO, 900.
William II. Compton Company. lIal.
sey Stuart & Co.. Inc, and Harris,
Forbes & Co. are Offering 81 ,50O, 200
Atlantic Joint Stock Land Bank 3 per
cent bonds. due September I, 1862, Op.
the optional maturity and per cert
therea ftcr. The bank operates In North
Carolina and South Carolina.
"A syndicate composed of the Union
Trust Company and the Mellon Ma.
tional Bank Of Pittsburgh and the Guar.
unty Company, National cry Com.
rony and bankers Trust Company Of
New York is Offering ut % and interest
to yield about $50 per cent, $50, ,OG0,-
600 fifteen year 3 per cent debenture
cold bonds Of the Gulf Oil Corporation
Of Pennsylvania.
Kuhn. Loeb Il Co. have purchased
and will offer at % and interest. to
Weld about 5.45 per cent, $1,000, 200
American Smelling s Refining Com
many first mortgage 3 per cent bonds.
series 4. due April !. l047. Proceeds
nrc to reimburse the company for eN-
penditurcs already made for additions
! bettrrmrnts and improvements to the
property pledged under the mortgage.
The first public financing OF the he.
public of Colombia in the New York
market. and the first external issue to
| be sold by that Government In any
market In the last nine years. Is Just
announced. The issue Is $4,000. .OOu
i've. year 81a per cent notes. offered at
iS 10 Weld I per cent, by Blair Il
Co.. Inc. the Chase Securities Cor.
porat ion, the Equitable Trust Company
and Redmond Il Co.
The new United States Treasury
4As broke to q new low in Saturday
trailing at $500. rallying before the
close 10 OO.44. 1t has been a matter
, of comment among bond men that these
| bonds should ST. soon have gone of
| from their Offering price. especially in
| vicw OF the over subscription Of better
tlmn n billion dollars. For II while they
en- ioyed Il premium which week nsc
wns ns high ns II cents.
The report Of tn" Colora'to Power
( Company showed September gross earn
| ings of Ss4. .43l. II gain Of Sd935 over
snIss amounted to S30,07s. an increase
nj SS7l5. Gross operating earnings for
the twelve months ended September &c
we're S.jsO, ,O33, a decrease OF $0S. 81
over The corresponding period of the
previous year. Net operatinx revenues
amounted to Si"3,O75, II decline o
wFiIelity Phcnix Fire Insurance
stockholders approved an Increase II
copirnl stock from $4,000 shares. pal
ynl,ic 500 10 200, 900 shares: SD pan
value. This follows approvn recently
of Inrrrusr in capital stock from -,
TN). 900 10 81. .OOO. 900. Additional Ators
In offered to stockholders Of record De-
tober Ia Mt the rate Of ! shares new
stock for each share of old held ut $40
share. Subscription rights expire No