Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-20
Financial Briefs

a Snecinl meeting Of stockho,d...
the Wheat Export Company, Inc o.
be held at the Office Of the co,nno.wil. WIZ.
New York April 10 to vote upon up"y y IN
Tor the dissolution Of the corporatiopp p'"n
Preliminary income accoun. .y
ington Typewriter and subsid;o,,IN i; Nem.
the year ended December N shn,' ior
loss after charges. depreciation onS net
vent0ry adjustment $2,0OO,S ,S74 aSa,n..
surplus 81 ,57S, ,450 in 1920, "sainst
New securities offered for suhso,,.
ton IN London up to the end of Fshspp
arx tnls year are stated to amoun.
r., 20 800. az compared with fsn
3aS;5a2 IN the corresponding period -
l02l, and Ell 300. .s3S in 1920. 'u "
Liquidation of Federal Reserv. -
TENS commercial loans has re.; sys;
large, proportions. Volume now 'ened ome
standing is 1892. .8D2. 600 YM cor, OUT:
with 81 ,224 ,503 900 for the corresnonsM
ing week a year ago. 'p'ud'
For the. year ended Decemhe. =,
Wickwire Spencer Steel Cornoro.,sol ol
shows net loss after charges, denreci.nn
ton and inventory adjustment of "a
635.O 900. compared with net inconS :.
$W2,l In the previous year. VI
The Cincinnati. New Orleans ,,.
Texas Pacific Railway reports for aio .no
year ended December 81 last yross s .ue
erntins revenues Of S17,17O, Az arSp
balance Of Income over charges of s7Oa
535A V'''''
Ludlow Manufacturing Associates -.
ports for calendar year 1921 net afts.
Federal taxes. S516. .O2O. equal TO ii n
shnre on 10000 shares, apainsS
S2.O75,0 900, or S17.31 a share, in io2N
Gross sales totaled Ss,324 600. N aoo;ns. rS
$40, ,210, 900 in 1920
a dispatch from Reva to Berlin say.
the Moscow Stock Exchange is on poins
Of reopening. after having forced rsts
Of exchange on foreign securities i'm.
ward, to be replaced by stock excbans.
rate: a triple commission Of financial
specialists has been appointed to attend
to liquidation of national debts.
For the year ended December n
New York Transportation Company re.
ports surplus. after all charges and All
share $50 par value, earned on *,
S2.35O,OOO capital stock. This com.
pares with surplus of 81 1,12G. $40, N
S4.70 share in the previous year.
At the close of February the amoun,
Of gold coin and bullion and Bank Of
England notes held in reserve against
the E20S. .OOO.OOO British currency notes
, amounted to 1913 per cent of the out.
standing issue. At the end Of 1921 tbe
ratio was 1434 per cent, at the end Of
= a.
of 1910 it was 91s per cent.
Annual report of American Zinc,
Lead and Smelling Company for the
year ended December 81 shows an oper.
, ating loss Of $1SS. .43S. and a deficit.
after charges. Of $500. .1O1. This com.
J pares with an operating loss in 1920
of $O2. 400, and deficit. after charges
} and preferred dividends, of S814,071.
The Victory Loan ANS sold 10 to q
new high today Of 100.98. The easier
money recently. together with the fact
that these notes are gradually being
absorbed and retired by the Govern.
. about the higher quotations that are
now being established for them.
: Announcement Is unOfficially made
3 that under agreement recently reached
, Rcichsbank will transfer 50,OOO,OOO
, gold marks from its reserve to the
. Bank Of England during the last week
in March. This amount will probably
< not be pledged AZ security for credits
S at present. but deposited to be ready
. for hypothccating If necessary.
The Westinghouse Electric and Man.
ufacturing announced effective today
e the consolidation of the Alpha Electric
Company, Inc. and the Northwestern
Electric Equipment Company. both
: jobbing companies for the parent cor.
poration. They. will now be operated
The New York Stock Exchange las
received word from julius Kayser 1
r Co. that common holders of record Feb.
ruary 25 have the right to subscribe
t at $50 share until April to new
D common stock of no par value in che
ratio of 100 shares for each 100 shares
of old stock Of 500 par value held,
The Committee on Securities rules that
the stock shall sell ex rights today.
. The annual report of Bingham Mines
COlnphHy IOT Tue StuT enuPu iW'tmue
81 shows net income of S164,325 in.
= cluding dividends Of $40 .040 received
h from its subsidiary. the Eagle and Blue
: Bell Mining Company: Bingham nex
owns 062 per cent of this stock. At
o the close Of last year Bingham had ~
Il duced Its outstanding capitalization 70
81. 153 shares. reduction OF l6,oo'
shares for the year.
: Annual report Of Twin States Gas and
= Electric Company and Berwick 4 sal.
i mon Falls Company. a subsidiary. ior
d twelve months ended December 81. l"?i;
a shows gross Of $1.2lO,215 compared
with 81 .O60.272 for 1920. an increase .so o.
o S14O.043. Net after taxes was S46s,'
:. 3O3 against S325 $3.50 for 1920 an In.
;, crease of S142 .064, and balance aftes
: charges of SlG3.3O7. compared with
r $128, 800. an increase of $36,6lo.
= Report of Smms Magnetic Company
for year ended December 81 shows loss
after interest charges. depreciation ana
} inventory adjustment Of $27S. 40. This
compares with profit Of $7l ,G6l ID
1920: S94, ,90S in 1919 and SI4, ia y
E 1913. Current assets on Dercmber ~
1921, were S93S .2l5; current Liabilities
S57G,57l, leaving working capital o.
} S36l GA.
4 report Of the French savings bans
:, organizations for 1921 shows that dur
u ing the last calendar year deposits e. e.
n cceded Withdrawals by SO0,WD,W
y francs. This figure has only once n.
y fore In the history Of the French saving