Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-08-04
NEWS FUR INVESTORS

--Atchison freight traffic for July was
1876, $40 cars against 110,90S year
ago.
July loading on Northwestern in
creased from 46,7S4 carloads to 1S9,-
511. 49,
Burlington increased freight loadings
during July 0 per cent to 14I, ,649 car
loads.
The average price of the twenty
active industrial stocks advanced O.oo
per cent yesterday to 9G.S1. while the
twenty rails advanced O.10 per cent to
S8.G5.
Bank clearings in Montreal for July
declined SD3, ,225, $40 from July, 1921.
to 1894, ,742 ,O90. Total for seven
months to July 81 fell to 50, 1882 ,297, :
479 from S3.394, ,205, ,457.
American Fruit Growers, Inc. an
nounces, from its Pittsburgh Offices,
that it has paid the Z per cent in
stallment OH its serial convertible notes,
due August 1, issued under Its trust
indenture of May 1, 1920.
New municipal bond offerings during
July aggregated S1O7. .2S1 $40 and for
first seven months of year SS32 ,3lS.
so. establishing new high record. ac-
cording TO summary compiled by the
Bond Buyer.
Major Fernandez. Lisbon genera
agent for Province of Angola. is now il
London concluding details of a 500:
OOO. 900 loan for the Province. 1t II
said loan is being negotiated with thu
Rockefeller group.
New Haven closed the first half OF
1922 with a deficit after fixed charges
Of 81, III, ,112, against S12,66o ,2S6 II
1921 period. Deficit of $40. 462 II
L. ;,l y,,nnth nf fhn Goa
strike, was largest for the year.
Over 5000 subscribers in amounts o.
five shares and less have applied fol
nearly 1000, 900 American Telephone
and Telegraph stock under the plan Of.
ftred to those applicants for New lori
Telephone preferred stock who did no
get their allOtn.ents
Final payment of S6ls,2S7 to Wa
bash Railway Company on account o.
guarantee given it against losses du.'
| ing first six months Of private opera
ton after Federal control was author
tied. The total amount paid road by
Government on account of guarantee
will be S7.195, ,2S7.
The Cities Service Company yester
day announced a plan for payment o
accumulated scrip dividends on its pre-
fcrred and preference stocks. Holders
of scrip may surrender the paper to
cash at par or may accept Series r.
per cent convertible dcbentures. du
1866.
: -nolders Of s. per cent first mortSag
| bonds of AlEoma Eastern Railway. in
tcrcst on which was not mer III ninrr"
! to join committee of bondholders .
! Algoma Central and Hudson Bay Rail
way, London. England. for protection
Of their interests.
Gross earnings Of Laclede Gas Com
many for six months ended June 50
| were S4.UUU, zoo. .%rt.. dsd"oti"" "
S019. 144 for interest and preferred di
vidends surplus was S462 $50. equal t
| $4.32 share earned on $40, zoo, 600 out
standing common stock.
Both gross and net earnings of tn
operated public utility properties o
the Standard Gas and Electric Com
| pany for the year ended June 30. 1922
show gains over last year. The gail
in net operating earnings was 1872 pei
cent, while gross earnings increased
30 per cent.
-MathicSon Alkali Works, Inc, re.
ports net earnings of 1898 sos after
charges and depreciation reserve f0l
quarter ended June 80, compared with
loss of $3G1 ,25l in the same periot
of 1921. For first half Of 1922 net
earnings were S3S5, ,56N against loss
of S42G. .452 In the same period of 1921
"A Budapest dispatch says that owing
to the constant decline of Hungarian
crown and the enormous speculation in
exchange. Government has forbidden
free trade in foreign currency. Within
few days, special department of Hun
| ,,, hnn1y nf iNgnn trill hn
lied with exclusive right to buy ana
sell foreign moneys.
The aggregate of municipal financing
during July is reported by The Bond
Buyer as $1O7 ,3Sl $40, a total which
shows a decline as compared with
sos, ,925, 400 in July, 1921. During
the first seven months of the year the
aggregate Is placed at $500 ,31S, ,520. an
increase of $215 300, 450 over the cor
responding period Of last year.
The American Steel Foundries' re-
port for the six months ended June 30
shows a surplus of 81, ,452 $50, equiva-
lent. after paying preferred dividends,
to $3.50 a share earned on the
common stock, the par value of which,
S33 3, as compared with S334. .775,
or six cents share in the correspond
Ing period of 1921. Net earnings were
s. ,O0S .l30.
In the six months ended June 30 the
United Drug Company made profits of
81, 26l ,O1O, which, after allowing for
depreciation, taxes and doubtful ac-
counts. left net income of 81 CTS, ,S6S,
period last year. After preferred diyi-
dends and interest charges, the surplus
was $400 OBS, equivalent to $1.1S a
share on the S34 FOX f(lO common stock