Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-28
NEWS FOR INVESTORS

Under decree Of Federal Court. sale
of Missouri, Kansas and Texas Rail-
way will take place about September
49,
&c. Il. Kinney Company sales for six
months ended June 30. totaled SI.SS2.-
J27. against $S,0TS,244 for first half
1921.
The average price of the twenty nc-
tive industrial stocks advanced ]. .52
per cent yesterday to 96.36, while the
twenty railroads advanced 2.O4 per cent
to S7.63.
For six months ended June 30. Simms
Petroleum Company reports surplus Ol
SSnl .234 after interest, rentals an!
depreciation. but before deductions for
depletion and federal income taxes.
The report of the Brooklyn Rapid
Transit Company for the year ended
June 30, 1922 shows, after charges, a
surplus of SO. .OS7. .410, compared with
n deficit of $4,SS0,9 1874 for the preceding
year.
BANKERS Magazine tables show value
in securities on the London Stock Ex.
chance increased fS3, ,056, 900 in the
month ended July 10, against a decrease
Of t32. .424 900 in tho month ended
Consolidated income account Of
Penn Seaboard Steel Corporation. fol
the six months ended June 30. as SUBJ
mittcd to New York Stock Exchange,
shows a deficit of SJ11 1887, after the
charge and inventory adjustments.
Minneapolis and st. Louis gross op.
Grating revenue for June. was 81 go.
S41 and net after expenses $1Si.343,
Deficit after consideration of non -oper-
ating income and deductions from gross
income including fixed charges S1O5,-
047.
Argentine Government intention to
float loan of 500. 900 900 pesos. approx
imately $225 .0OO,00 Mt normal rdte of
exchange, was revealed when two New
York banking syndicNtcs announced
their intention Of submitting bids, which
will be opened at Ruenos Aires at noon
on Saturday.
Hudson and Manhattan Railroad
Company has declared 80 per cent in
tcrest on the company's S33. 102 900 5 |
per cent adjustment income bonds. pay
able October l, 1922, representing the |
regular 212 per cent semi annual pay
ment and an additional 1 per cent on
account Uf interest heretofore accumu-
lated and unpaid.
According to new circulation state
ment of the Treasury. per capita circu.
lation in the United States, not includ.
ing money held by the Treasury or Fed
eral Reserve banks. is S33.S7. OF this |
amount 1872 per cent is gold coin and !
bullion. standard silver dollars and sub
sidiary silver. Various kinds of paper /
money comprise S3.S per cent.
Dillon, Read Il Co. today announced
that the public offering of S1.Sl5, 900 |
of Boston and Maine Railroad 5M per
cent equipment gold certificates had |
been ovcrsubscribed. The bonds. which |
were due In fifteen annual installments
OF Sl2l 900 each, We're sold at prices
to net from to $50 per cent, ac-
cording to maturity.
-PhNp Morris International Corpo-
ration, Incorporated in Delaware with |
an authorized capital of $4,000, 900, |
consisting of 10000 shares. 500, has
acquired rights to trademarks and !
brands of Imperial Tobacco. Ltd, of |
Great Britain and Ireland, in the |
United States. All of the capital stock |
Is owned by Philip Morris & Co., Ltd, |
and there is no intention of any public |
Offering. Sidney s. Whclnn has been
elected president.