Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-24
Nelus for InvestOrS

brooklyn ItNplu ITuHst ySLVUcC sur
plus after charges was 1858. OPS. an
increase Of S23s. 1913.
Tho New York Edison Company has
asked the Public Service Commission
for permission to issue S14.OW.OOO
capital stock.
The New York Curb Exchange has
admitted to trading Columbus Railway
Power and Light Company $4,000 au.
thorizrd common shares, pnr value
500.
The average price Of the twenty nc.
tive industrial stocks declined ~ per
cent yesterday. to 04.OS. while the
twenty railroads declined .G3 per cent.
TO $50.
Directors Of the American Screw
Company have called stockholders
meeting for December 1 to authorize
the declaration of 80 per cent stock
dividend.
The issue of Dayton Power and Light
Company. amounting to $4,000. 900. Is
expected TO be offered by n banking
syndicate next Monday. It will be an
issue of sinking fund 5s. on q 5ia per
cent basis.
The st. Paul Federal Land Bank now
ranks first in the country in total re.
sources. The bank has resources OF
$So.OOO,OOO and expects 100000, 200
by end Of year. II has loan,
amounting to $74 ,2sO.OOO.
Stockholders Of the Cannon Manu-.
featuring Company Of Annapolis. n. C..
have voted to increase capital stocl;
from So. 500. 900 to S1O. 800. 900. to re :
ducc par value from 500 to $40 and
TO declare a stock dividend Of 200 per
cent.
--Grcnt Eorthern's ore season closed
yesterday. Ore traffic for this year to-.
tailed approximately 10000. 900 tons,
which compares with 4.5OO.UOO tons
last year, and II tcn.y year average Of
between 1O,OOO,OOO and 1900, 200
tons.
Report of Chicago surface lines for
October shows gross Of S4.7O7 ,O37. dc.
crease Of $442.G5i7 from October. 1921.
Net after taxes was 1.113.17O, de.
crease, SO. 7Oj. Number of revenue
passengers carried was 81 .3O3. AT, in .
crease 1900. 400,
The Boston and Maine Railroad re.
ceived Interstate Commerce Commits :
sion authority today to issue - ,OOO. .OtN)
in g per cent rcfunding mortgage bonds
to be used in paying maturing indebt. .
, edness against some Of its subsidiary
corporations.
Merrill, Lynch & Co.. Of New York
are heading a syndcat" which has pur
chased an issue Of 81. 800. 900 frs,
mortgage twenty.yea I per cent sinkin
fund gold bonds Of the Whitaker Pane,
Company. of Cincinnati. and will Offer
them to the public next Monday at 1OC
and interest. yielding Z per cent.
colorado Fuel and Iron Company for
the third quarter Of 1922 reports net
operating earnings Of $3.50. O.5G3 against
Sl3S.!NI in tn" sam" quarter last year.
Receipts totalrd S7.2Gii. .D64. in contrus,
with $j.5G9.S47. After charges for in :
.arcst and depreciation there was Il
deficit of S13l .iG2 for quarter. com .
pared with SNlO.S'iS in same qtlartrr
last year.
"A petition asking permission to issue
pairing 450 wooden gnndolns OF the At =
road has been filed with United States
District Court by y. l.. Bugg. re.
rcivrr. ,Tudg" Sihiry set hearing for
Dccemb"r .. Petition alludes to gen .
cral shortag" of freight cars and says
these cars may be repaired at an nv.
crage cost of S3l5.
"A London dispatch SAYS preparations
are being mad" I" issue an Auklan nd
city loan of $500 900. The loan will
probably m offered in two parts. one oi
~. per cent bonds. at 37ls. nnd an.
other in = per cent bonds at 9iI,. In
both cases honds will run for eighteen
wears. The Pretoria loan is understood
to have been postl'"u"d The Swedish
match issue has been fully subscribed,
and lists have been closed.
DIRECTORS of III" White Eagle Oi, and
Refining Company have called a meet .
ing of Stockholders. 70 be held al
Wichita, Kan, November -. for tn,
purpose Of increasing tn" cauital stock
from 800 900 shares Of no par value
| % per cent. payable TO stock of recor,
December 20, will be- declared if in
crease in Capitalization is authorized
stock paid as dividend will participat,
! in January cash dividend.
Under the plan Of the Bondholders
prO,er,ivc Committee of the American
iIDminy Company. Of which T.. G.
King is chairman, and which covers the
irs, mortgage : per cent bonds of th,
company. the bOndholdcrs will rccriv,
! 20 per cent cash payment on accOun,
of the principal Of their bonds. reducin,
the outstanding indebtedness represent,
ed by the bonds to S9,H)O. 900 and new
ten. year first mortgage q per cent bond
for IT," balance Of the principal, rep,
, resented by the old bonds.
According to the American Railway
/ Association the daily average loudinl
! Of bi,uminous coal in the first tw,
weeks Of this November has been "a %:
cars, compared with an average Of 20,
?1l ears in November, 1921. Anthru
cite 'onhirgs have also averaged highr!
/ in the first half Of this month. In No.
vemhrr. 1920. the average daily !oad
! ing was I447 cars; in November, 1927
| it was 5347 ears, and for the first twt
weeks of November, 1922. loading.
] Lnrn aunrurGL 1857 Cars Luilv