Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-27

-Moy department Stores reports tOf
ysef ended January 81, net profits ~.
0W ,56A, after charges and Federal taxes
assinst A,S79,676 previous year.
sStivs Industrial stocks declined O.82
pr cent on Saturday to ~ .Q6, while
tAs twenty railroads advanced OIL per
Atlantic Gulf and West indies
Cteamship Lines has bank loans total.
Ing approximately 81 SOC, 600 due April
] next These will be renewed for
pefiod' probably running from three to
61x months.
For the year ended December 81, the
United Gas and Electric Corporation in
10 statement Of earnings from all
sources reports balance Of $500. $40
sitter interest charges and amortization.
Counsel representing creditors and
stockholders Of Island Oil and Transport
Company agreed to permit continuance
Of business by receivers for at least two
weeks to permit close study Of the com.
pany's condition.
The Steel Company Of Canada, Ltd,
reports for year ended December 81, net
income $S17 ,202 after charges, Federal
taxes and inventory reserve, equal
after preferred dividends to 1915 q
share on common, against net income
II 1856, ,404 or $12.10 in 1920.
The Borden Company for the year
ended December 81, shows net income
Of S2,924 ,748 after charges and Fed
eral taxes, equivalent, after preferred
dividends. to $11.44 a share earned on
the &21 1865, 100 common stock. as COM
$1O.O5 a share, in previous year.
"A Berlin dispatch says the Reichs.
bank dividend for the last year will
probably be about 10 per cent, against
$40 per cent in 1920 and 10 "a per
cent in 1914. As anticipated, Reichs.
bank is sending $4,000, 900 mnrks from
Its gold reserve to Bank Of England this
week.
Combined profit and loss account Of
the Keystone Telephone Company Of
Philadelphia, The Keystone Telephone
Company (of New Jersey and the
Eastern Telephone and Telegraph. Com.
shows deficit after all charges Of $67,.
03S.
American Bosch Magnetic Corpora
tion shows operating loss for the year
ended December 81 Of $238. .176 and net
loss after surplus and inventory ad-
justments of $2,O49, ,992. This com.
pares with net in 1920 after taxes and
inventory adjustments Of $940, 700 equal
to $9.S5 a share on the $4,000 shares
of no par outstanding.
Consolidated Textile Corporation has
issued its annual report for the year
ended December 81, showing net loss
est charges. This compares with net
profits Of 1,452, ,421, equivalent to
$1.S1 share earned on the 802, ,911
shares OF capital stock Of no par value
in the previous year.
Norfolk and Western Railway for
the year ended December 81, reports net
income of $1O.O43, ,1s1 after interest.
taxes and rental charges. equivalent
after preferred dividends. Of $3.50 q
share earned on the outstanding $121,-
$40, 200 common stock. This compared
80. SO q share earned on the 1921, 49,
100 outstanding common stock In the
previous year.
Freight cars idle on March Is because
Of business conditions were S91 .797, in
contrast to 30S,8S2 a week earlier, or
drop Of 71S5. according to reports
to the American Railway Association
car service division. OF the total, 216,.
881 were surplus freight cars in good
II traffic conditions warranted. The
remaining 176. .136 needed repairs and
exceeded the number normally regarded
as unfit for service.
American Smelling and Refining
Company annual report for the year
ended December 81 shows net income
for the year after all charges, depre.
citation and Federal taxes Of 81 sol ,0OS.
After allowance for 50, 800. 900 divi.
dends on the preferred stock, and $780,
600 dividends on American Smelling
Securities Company, preferred "A" and
$l27, ,443 on American Smelling Secur-
tiles Company preferred, 3D." there
was a deficit from the years opera.
pany showed net income Of $6,674,77S,
which after preferred dividends was
equal to $4.O2 on the SEQ, ,99s, 200 com.
mon stock and in 1919 net income of
SIS, sos .5S4, or $2.22 share on the |
common