Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-12

reports for year ended December 81,
net income s2,377, ,514, against 49,
127, 900 in 1920.
Transfer books of the General As
phalt Company close April IL and open
May 10 for annual meeting to be held
May ..
Stockholders Of Union Twist Drill
Company ut special meeting ratified
proposed 100000 Z per cent bond
Frederick W. Buch has been ap.
pointed as assistant treasurer of the
Real Estate Title Insurance and Trust
Company.
reports for year ended December III.
net deficit $3.50. sol after. charges and
taxes, against net deficit 81 .936,S43 In
1920.
The Stock List Committee, of the
local exchange has admitted to the
regular list Of the exchange S5OO.OOO
additional stock Of the Franklin Ma.
tional Bank.
The average price of the twenty active
industrial stocks advanced 0.SO per
cent yesterday to ~ .01, while the
twenty rails advanced O.10 per cent to
SAIL.
Ohio Fuel Oil Company reports for
the year ended December 81 last, gross
income 81. 2.O14. .S13: net after expenses,
taxes. etc, 1914, 230. deficit after de-
probation. S43, 3,7O4.
Net earnings of the piggly Wiggiy
Stores Inc. during March were S104.-
COO after all charges and depreciation,
making n total for the quarter ended
March 81 Of S263 900.
United Railways and Electric Com
pany. Of Baltimore, reports year ended
December 81 net income $685.. 231 after
charges and tax. equal TO 81 90 share
on common against net income ~ .043.-
800 or $2.04 in 1920.
American District Telegraph Of New
Jersey reports for year ended beccm-
bcr 81, net income S9To.9S4 after oil
charges and Federal taxes, equal to
S3S3 share on sO,J65,35O capital
stock. against net income S545, ,Ol3. or
50. .46. in 1920.
After an association of thirty three
years as trustee and officer, Lincoln Is.
PnSsmore retires from active duties
with the Penn Mutual Life Insurance
Company on June 80. but will continue
with the company in an advisory ca
pucity.
The Commercial Trust Company and
and Bernhard. Scholle 4 Co., Of New
York, are offering 100000 Atlantic
! city On. j. temporary school notes.
| due December 10. 1922, at n price to
| yield 4.2J per cent.
The Nominating Committee of the
New York Stock Exchange has pre-
| sentcd to members the regular ticket
| to be voted on at the annual election
on May <; Seymour l.. Cromwell. ! pres
ident Of the exchange. and Warren Il.
Nash, treasurer, are slated for re-clec-
I tiOn.
The Buffalo, Rochester and Pitts
| burgh Railroad secured approval from
! the Interstate Commerce Commission
! today for issuance of 81. 269. 900 in ~
per cent rcfunding mortgage bonds. due
| 1859. Receipts from the issue will be
used to pay of maturing Indebtedness
of the corporation.
The Federal Land Bank at st. Paul.
| Mimi. since January / has increased
! ing total loans now slightly more than
500. 900. 600. North Dakota leads. about
! two ffths Of the money being placed
| in that State. Minnesota is second.
Wisconsin and Michigan combined hav-
ing only about a fourth of the loans.
Finland will probably enter the mar
kct shortly for loan of between Sl0.'
600. 900 and $50 D.000,OO0. Bombs will
! probably bear an 5 per cent coupon.
United Railways Investment Com.
! pany. for the year ended December 81.
| SiIoNS lotul VI 81 EPlDTp
taxes and charges, as compared with
81. .752 $50 for the fiscal year ended
June 80. 1921.
For the year ended December 81. .
/ the Philadelphia and Camden Ferry
I Company shows operating revenues Of
{ 81 $50 .l52. increase $500. .1J4 operat-
ing expenses S1,037, 146. increase
Sl55. .73J: net operating income S347.-
4JS. decrease Sl9.OSJ; non operating
income SIG. III. increase S13,253. and
net income S423. S43. decrease $50. .97:J.
Two important changes in Northern
Pacific Railway directorat" were an
nounced at the annual meeting. being
retirement NJ James y. Hill and Thoma,
w. l.amony. No explanation was made
of Mr.. liill'S passing from the board.
but financial circles Interpreted absence
Of his name from nominations as indi-
cation that Hill interest has been re-
duced largely in recent years. The late
James J. Hill was credited with large
holdings. Mr.. Lannon'S resignation,
filed some time ago. was caused BY
banking relations between Northern Pa
ciic and j. =. Morgan & Co.
International Paper Company has is
sued itS report for the year ended De-
ccmber 81, showing net income loss of
81. Az. 500 after charges. depreciation
and inventory adjust This COM
pares with net income of Sl2,U5 .9On.
equivalent after preferred dividends to
-----"-------.- -