Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-28
FINANCIAL BRIEFS

-Fugene FaDer GlueSple nus oo'o
associated with Stroud 4 Go. Inc.
-Boston and Maine applied for au.
thority to issue $1.S15.O0O q per cent
equipment trust certificates.
Stroud & Co., Inc. and Hemphill 4
Noyes announce that the entire issue OF
the Orange County Hydro Electric first
mortgage Is had been sold,
The average price of the twenty active
industrials declined 1.O1 per cent yes.
tcrday to 02.47, while the twenty rail-
roads declined 1.1O per cent to S3. .G3.
Stockholders Of the Durant Nc. .ors,
of the company to 1900. 900 shares OF
no par value common stock and to pro-
vide for nine instead of five directors.
Dillon. Read & Co. and Heihphill.
Noyes Il Co. are Offering S3.OCO.OOO
ten year first mortgage IA per cent
bonds of the Electric AutO-Litc Com
rany. at par and interest.
Net operating income of the Chesa-
peake and Ohio for May was S1.573.-
1856. decrease of IL, III from the same
month n year ago. Net operating in
come for the five months was SI.192,-
11S. an increase of 81 4,O05.553.
M. NJ. Freeman & Co. are Offering
$500. 900 State of New Jersey Az per
cent highway bonds. due July ]. 1852.
optional 1887. at 1O2.S0 and interest.
to yield 4 per cent TO the optional date
and 4.25 per cent thereafter.
The Lehigh Valley for May showed
a decline of 81. 100. .475 in revenue. the
figures standing at $4,000, ,SSS. The
deficit for the month after taxes was
S1O5. 100, an increase of $21S. .430. as
compared with the like period of 1921.
A London cable says the Burmah
Oil Company has declared dividend
of As free of tax. Net profit in 1921
was fl 1.920.I90. including 1850 .5S3
brought forward. General reserve fund
is f2O0, 900 and insurance reserve f2O,-
coo.
The Cincinnati. indianapolis and
Western Railroad Company sought au-
thority for the sale of 81 900. 900 in .
per cent mortgage bonds to pay debts
of that road. The Union Terminal Com
pany at Dallas. Tex. asked authority
to extend the maturity of 5000. 900 in
outstanding notes.
William X. Compton l. Co. and
Halscy. Stuart Il Co.. Inc. are Offer
ing $4,000 600 st. Louis Joint Stock
Land Bank ) per cent bonds. dated
May |. 1922, and due May I. 1852. ut
| 1903 and interest, to yield approximately
! 43s per cent to the optional maturity.
May i, loo-' anu per ctht tuert;ti'.,
| Negotiations have been practically
concluded between Blair & Co. and
General Vasquez Cobo. manager of Pa
! cfic Railroad of Colombia. for issue
of $1,000. 900 loan at : per cent to
finance extension of this Government
line. A further bond issue for similar
amount will be made as soon as con-
struction works are we'll advanced.
The Brooklyn Rapid Transit system
reports S4Jj. .2J6 net for May after
charges. or more than one and half
! times the amount of last year. The net
income for the eleven months period
ended May 81 was S2.S15,3S3, COM
pared with n deficit of more than So
OO0, 900 for the corresponding period Of
the previous year.
On Il gross volume of business OF
$3.50. 900 in May the Republic Rubber
thorized issue of 81 900. 900 certificates
of Indebtedness has been sold. Proceeds
are being employed to retire certificates
previously issued. aggrcgating 81 .OOO.-
| 900. and to aid the company in ex-
banding its operations. June business
is running at the same average rate as
! in May.
Bankers Magazine tables show values
of stocks on London Stock Exchange
decreased f32. 424 900 during the month
ended June 10. Value of fixed interest
stocks declined 1900 900. variable
interest stocks fS,O0O>QOO. Fixed Brit
ish Government stocks led tho decrease
and foreign government and railway
prior charge issues declined. Variable
home rails increased t0.OOO 900 In
surancc stocks decreased.
Net operating income of the Atchi.
son Railroad for May was 81 .SJG. $50.
II decrease Of &2.O77 $40. and for the
five months SS.220.O5S. II gain of S61S.-
1G3 over the corresponding period of
1921. Gross revenue for Mae was SIT
4O3 SIS. compared with SlS.329 500
in May year ago. and gross for the
five months. so. Dds, sol. compared
with $50 .G7O.7773. or n decrease OF
$40, Al .922 from the same period last
year.
GROSS revenue of the Long Island
Railroad for May amounted to 81, 2,GGG.
5G4, an increase Of S1A.2lI over the
same month last year: balance after
S333, ,12l, and net operating income wa,
S47I.7T. an increase of $500, 426
For five months gross revenue wa'
Sl1 .O47 1888. an increase of 81 ,O12.0S
over 1921 balance after taxes was 81.
5S5, ,G22 an increase of 81 .943 .O6S, anC
net operating income. l.23J. 22G, al
increase Of 81 .73G.15O.
Harris, Forbes X Co. and T.. II
Rollins \ Sons are offering II new isSu,
. of 81. 200, 600 the Clarion Rivel
Power Company first mortgage twenty.
tve-year g.. per cent gold bonds. t,
mature July |. l9l1. at % and interest
, to yield 60 per cent, They are guar,
nntecd by the Penn Public Servc
|
ate under the jurisdiction of the Public
Service and Water Supply Commission
of Pennsylvania, and under liccn>
, from the ErderAl poMnr Commission