Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-05
FINANCIAL BRIEFS

| FINANCIAL BRIEFS
Rock Islands March loadinss were
123, 100 cars, against III ,322 a year
ago.
Dome Mines. Ltd. recovery for March
was valued at $312, 900, against $780,
'o1 JoSn l0s Feprusr';r Rspnes Townsend has been
elected a director Of the American Gas
Company.
--Intercontinen Rubber Company re.
norts for ycar ended December 81, net
loss S2J J,336 after oil charges and taxes
against net profits $30,135 In 102O.
The estate Of A. b. Gwathmey nae
sold a New York Cotton EScnanSne rSn
membership to w. w. Price for W 'ooo
decrease $500 from previous snie'
Gross sales Of Robert Refs & GO. and and
subsidiaries for first quarter Of l922 w
totaled 81, AGA, ,150, against $l'Ol3'Voo
same period 1921.
Leading copper officials stated this
morning that sales Of copper, both do.
mestic and export, during month @ OF
March reached nearly 2oo'oV'ooo
pounds.
The average price Of the twenty &C.
tive industrial stocks declined O.1J per
cent yesterday to $3.50. while the
twenty railroads declined O.4O per cent
to SO.S6.
A new issue OF S., S,OOO, 900 Province
Of Alberta, Canada, 51a per cont 3O-
year gold bonds (non -callable) is being
offered, The price is 1903, at which the
bonds yield about $50 per cent.
The City of New Orleans, for the first
time since 1910. will put out bond
issue. 1t will be for 81, 200, 900. and
for the purpose of retiring public I'M
provcment certificates.
The Greek Government has decided. to
close the Bourse to prevent specula..
ton pending consideration Of proposal
introduced in National Assembly by
Ministry Of Finance for forced loan OF
/ SOC, ,000,OG drachmas.
Cincinnati, indianapolis and Western
has been granted authority to issue ST.,
100, 900 first mortgage 3 per cent gold
bonds, which are to be held In the
carriers treasury until further order
of the Commission.
The 1921 report of the United States
Industrial Alcohol Company shows n
net loss Of 81 DO, 300 after inventory
adjustments, additional depreciation
charges, etc. compared with 3,33O, 40S
profit in 1920.
Mexican Government 4 per cent. OK.
ternal gold bonds Of 1910 have been
listed on the curb. Trading is done in
ECO units at prices ranging from S46
TO $40 per f20, n quotation Of less than
80 per cent.
Restrictions on trading in 3 pc cent
Government bonds of 1915 and 10l6
issues, price Of which has been arbi-
trariy fixed indirectly by French Gov
ernment, will be removed and trading
In bonds in open market will be per-
mitted.
--Stockholders Of Sharon Steel Hoop
Company will meet at Sharon, Pa.
June to act upon n proposed increase
in the capital stock from $15, ,00O,000
to 500. 0.O00. 900. 1t IS planned to issue
100 900 shares OF cumulative preferred
stock. par value $50. TO provide addi-
tional working canital.
On April 20. 10000 of the United
Oil Producers Corporation s per cent
guaranteed and participating bonds will
be called for redemption. Recently
Sl1O. 900 of these bonds was rnnce'cd
and by the additional cancellation the
amount of outstanding issue will be
reduced to 81 .13O. 900.
---ltcport of WiliyS.O Overland Company
and subsidiaries for year NEEDED DC.
rrmb"r II. shows deficit OF S2i.;hin.
3>? after depreciation, interest and in
vcntorN G%justm"nt. This coIn;mrr$
with tciirit 81. 4>O,39i IL 1920. Dcii"l
for 1921 after cr"di'iIg ~ .IUO. .MO
J. transferred from contingent reserve was
reduced io SI6.DiN.%S,.
--Pnntu Nirgrc Sugar Company Is ,n-
d"rstool to have financing under con.
sidCration. The amount Of the tinanc-
ing. If i, is decided upon. is expected
to BE- somewhat smaller than the recent
Manati issue. probably in the ncighbor-
hood Of $4,000. 600. Tie company has
three estates. Florida, Trinidad and
Pumin Al"g"a. and n production in tho
ncghhorhnod of Tm.0m bags.
--Dircrtur> OF tns,l"n & Co. recon-.
mcnd fiat siurkhUIdcr., at annual meet
ing May >. amend ccrtifra,c of moor
pnra:!"n changing uar value uf rr".
i"rrcd stock from s., to SlVU an! oy-
"hHngc present stock on basis Of 20
shares for ON" new 500 par preferred.
Change j. asked prior to listing pre-
fcrr"d on New York Stock Exchange,
The full report Of thr RcmngtoL
Typewriter ConpanY for 1927 shows .
deficit after all charges. including in
vcntory adjustments and preferred divi.
dcnds. of S3.04l .3GG. compared with
surplus equal to SS.14 y share earned
Oh III" preferred stock in 1920. The
surplus al the end Of 1921 was written
down 10 S3. SI3 .ijl. compared, with the
surplus of $6,SSl,S SIT ~ the close Of tho
preceding year.
Tn" report Of the Chicago Great
Western Eairoad Company for tho
year ended December 81 last, with
guaranty period and Federal lap over
items excluded. shows operating revenue
of S.t.2.3 ,Gj; a. compared with S2I.-
'E'22. E'1 in tho previous year. Net on
cratinG revenue was $50. .3S9. .GSl Ms con.
trastch with SIG. .452.2i} in 1920. Gross
income amounted to 81. .lSO, 44332 OrnIns,
Il deficit of 5000, 1888. After providinr
for tnxes and charges there was a dclici{
OF ShG.6)1 as compared with a deficit
Of Sl.9'n,. 1G9 in 1920.
The annual report of the Pittsburgh,
cincinnati, 'hi"as" and st. Louis Rail.
road for 1921 shows deficit of 81.
O'o'@ @3l after tny"s and charges. rhi,,
compares with II not income Of Si,1S3.
G2t. "uiivacnt to $50; shNrc ,.rncI
ON III" SS4, ,NGo,11I capital stock in
1870. Thr c"mpany'r operating in.
rom" last year was $9G.71T.Oi:,, Will,
nprFnting 'XprEScH wrrc S9l.:;>l..j ~,
The road received $+,O95 ,0.9 income
from other sources. ~ cnnpHrol with
0tI Ior ir""n," Of 81 .31N.3%asI in l9.o
--Duranj Motors. Inr., has i,.noI :,
Itat"m'nt Of its condition ns of Norch