Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-09-12
NEWS FOR INVESTORS

Frank J. Williams has been np-
nointed resident manager OF the i'hlla-
ielrLio office of Paine. Wcbber & Co.
-TLe New York Stock Exchange has
admitted to list the General Electric
Cnmpanys special q per cent cumuia :
tive stock. when issued.
Stroud & Co.. Inc. are offering
S5lo 900 Seaboard Air Line equipment
trust 9 per cent certificates, maturing
Scrially February !, 1926, to August
/. 1896
A special meeting of the stockholders
of the Chicago Railway Equipment
Company to act on n plan TOR the IN :
crease Of capital stock has been post
poncd until October I.
The Guaranty Company. Rcmick'
Hodges & Co. and tho William H
Compton Company. are offering to yield
! 10 per cent. 81 .1o3. 900 City of Balti-
more, Nd. general improvement per
cent bonds. due 1890 1884.
An issue Of 81 900, 900 of per cen,
cumulative preferred stock of \. &
Spalding & Bros. Is offered to stock
holders of the corporation at SlO2.N
per shar,. 1t has been undcrwrittcn by
Dillon. Read & Co.
The average price of the twenty activ.
industrials and railroads both struck
new high levels for the year In yester
days market. The industrinls advanc-
, ing O.3T per cent. to 1O2.OI. and tht
rails advancing OH per cent. to ~ M
III. &. D'Boylc Il Co.. stock brokers
of Elmira. y. y, and Williamsport
Pa, flrl voluntary bankruptcy peti'
tion in the Federal Court at Buffalo
y. Y. listing liabilities of SlO7.6lo
Included in the assets are debts due OF
open accounts of $50, AL.
-ArrangcmpntS have been completed by
the Beech Nut Packing Comnany to re
tire its outstanding notes without new
financing. The amount outstanding Il
@TS. 900 bearing per cent interest am
due serially to 1928. The company vii
pay the notes off on November l at 1Ol
and interest.
Lindsay Light stockholders spccia
meeting has been called for Septembc
20, to vote upon proposed increase II
the capital stock from 81 900, 600. pa
SO. to 81. 200. 900 and removal OF tn
plant to Youngstown. o. The nddi
tiOnal 5000. 900 capital stock would b.
/ I per cent cumulative.
: The New Orleans and Northeastern
Railroad Company in its annual repor
for the year ended December 81, show
n deficit of SlOf.STS compared with
balance. after all deductions, of S4I0,
lO3 for the year 1920. Total operatin
revenues were 81, 1920 ,5S5 and tota
operating expenses were s.. .S54 .465.
During August. Nipissing Mine
Company. Ltd, mined ore of an esti
mated net value of $3.50. 25S and ship
ped bullion of an estimated net valu
Of 1894. 4O6 Value of the months sil
yer production was estimated at I
cents an ounce. Cobalt produced 33,
$40 pounds. The refinery shipped 352,
$50 fine ounces of bullion.
Pan American Petroleum and Trans
port Company. for the seven month
ended July 81, shows consolidated nc
profits Of 1921 ,931, after interest
taxes, depreciation and depletion
equivalent to S13.12 share earned o
the outstanding ,403 $50 shares {
common stock of $50 par value. Thi
compares with net profit In the 81
months ended June 30, 1921, OF 81,
$40 ,03T, or S6.O7 n share.
For seven months ended July 81
last. Mexican Petroleum Compan!
Ltd, reports net profit Of So, ,S54 40"
after interest, depreciation, depletion
tnxes, etc, equivalent, after preferre
dividends, to So. .43 a share earned q
the S43.165.700 outstanding commo
stock. This compares with net profit
six months ended June 30, 1921. I
,SS. .SO4,117, or approximately $3.50
share on the average common stoC
outstanding during that period.