Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-10-28
NelUs for Investors

Directors of the Hilltop Mining
Company Of Nevada recommended con-
version Of notes into stock be post
poned until January. 1923.
The average price of the twenty
active industrials advanced O.7G per
cent yesterday to 0S. 20. and the twenty
railroads advanced O.47 per cent to
O1 30.
The mystery which surrounds thu
heavy selling Of the new United States
AZ per cent bonds is the most dis.
cussed subject at present in investment
circles.
--Ilullgarten 4 Co. announce that the
So. 600 900 issue Of United States Realty
Corporation twcnty.ycar 9 per cent
sinking fund gold debentures. offered
by them. has been ovcrsubscribcd.
The New York Curb Market has nd.
nittcd to the trading list the 5.4tN. 900
new shares Of the Standard Oil of Cal.
if0rnia of S25 par value each. The
stock will be traded in on a when, as
and II issued basis.
-E. L. LoOmis. president Of the lie.
high Valley Railroad. said: There is
no foundation for report that Ichigh
will increase its dividend at this time.
We are now paying ! per cent, which
is all that conditions justify"
The Boston and Maine Railroad
sought permission from the Interstate
Commerce Commission todny to issue
50, GOO. 900 in @ per cent refunding
mort gage bonds. TO pay off indebted.
ness falling due against the road and
its subsidiaries.
The American Smelling and Refining
Company was reported to be ncG0tiat-
ing with its bankers yesterday for a
new issue Of bonds of between $1,000.
600 and 81. 900 900. the proceeds %
which will be used to refund bonds
which are a first mortgage on its Mcyi.
can subsidiaries.
The report of the Brooklyn Rapid
Transit Company for September shows
surplus after charges of SlGS.l74.
compared with S2l5,O7S for the same
month last yenr. Gross was $2,928,.
$40. against s.. 500. 300. while net in
come after taxes was $732, 2,6l4. against
SS33, ,5O6.
Merrill. Oldham & Co.. Paine. Web.
her \ Co. and Blodget Il Go. have
purchased an ISSUE Of 81 O0O. 900 ten
year 4 per cent bonds of the Boston and
Maine Railroad, which will be offered
used by the railrond to pay its nearby
NuN VIA AS"NV ~
free Of new financing until 1928.
Tho Gulf Oil Company will offer next
week now issue Of S35, 900 900 fif.
stood that bonds have been purchased
by Il syndicate headed by the Union
/. Trust Company Of Pittsburgh. The
proceeds will be used for the retirement
Of an outstanding issue Of S35, ,MW, 900
I per cent bonds issued In 1921 and
due in 1893. Tho Is will be called at
1892 and interest.
"A special meeting Of stockholders Of
the Sroville Manufacturing Company
will be held November ! for the pur.
nose of increasing the capita stock.
The present capitalization is 20 1000
900, and it Is proposed to Increase this
70 Sl5, ,OOO, 900, the amount Of increase
10 be divided into 100, 900 shares OF par
value Of 500 each. II the plan cur.
ries, a 900 per cent stock dividend IL
expected.
Pittsburgh Steel Company reports for
year ended June 10 net profit SSt'l ,SS3
after taxes, depreciation. depletion,
etc.. equnl, after preferred dividends,
10 40 cents Il share ON S14,WW.0OO out.
standing common. against net proflt "t
81. .7o2,526. or 81. .05, the prev ious year.
The Austrian Government intends 10
raise 13O 900 1000 gold crowns to cover
expenditures until credit advanced by
the League Of Nations becomes avail.
mile. Funds arc to be obtained by
placing treasury bonds abroad Of which
10 ,CO0. .OM crown. will be guaranteed
by Anrtrian bank, and remaining, @,-
OiMD, 900 by customs on the tobacco
monopoly and advances nl"dged BY
Italy, France and Csscho. .slovakia.