Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-06-13

"A new fndisn ~ psr cent loan, Of
s12, ,EOO, 900 10 being offered In London

"A new Indian ~ psr cent loan Of
s12. .gO0, 900 10 being offered In London
The :. he New York Coffee ana sussr
Exchange membership of Richard N
Hoyt, "a, was sold to NJ. n. Mayer Tor
$1,000, an increase Of 800.
--The average price Of the twenty ac.
tive industrial stocks declined x;41 per
cent yesterday to 00.78. while the
twenty railroads declined LA per cent
-.-Atchison's loadings last week were
"a ,0O3 cara, y against 20.1N the ,nre-
vious week and "a, ,674 q year ago. This
year. =, total to date is bs1 ,e4S asainsets =
The 1921 ,report: of the El psso and
Southwestern, Railroad showed net ~.
cone Of 1897 ,2S6, after taxes ana
charges - e9SivsslsEns slE sse,tsI secs stoct
-Th Vienna Bourse was compelled to
close today owing to the utter demor:,
alisation OF the exchange. Dollars and
| sterling rose to unprecedented highs on
Mondays trading. The kroner was
quoted at q, 900 to the dollar and ut
81 900 to the pound.
Net operating income Of the 20l Cisss
/ railroads will approximate $6O.OQO.-
600. according to current tsfsmates ~
transportation circles. This 10 about
April, but more than go, 600 900 under
-Bankers whose bid for, the Danish
consolidated municipal loan was re.
| Gently rejected in favor Of a British
banking syndicate were not much pef.
turbed at the report from London that
public offering of the issue there mad
brought subscriptions OF only " per
cent.
Stockholders Of Punta Allegro Sugar
Company approved incresse H. n author. nth
$25, 900, 900 (par $5O). or the in
creased capital, 1O4, ,773 shares are to
be set aside for conversion u $3.50, >
700 15-year per cent debentures
which are to be offered to shareholders.
The total sales Of 1,889, 900 shares
Of stock yesterday was the second larg:,
gest Of any day this year. The record
for 1922 was the total Of 1,9S1 ,I04
shares changing hands on April II. 30
active was the market at the close yes
terday that the ticket tape did not mn.
ish recording transactions until :S4
o'clock.
| Stockholders ratified an amendment
to certificate Of incorporation increasing
authorized shares Of Consolidated Tex
tile Corporation from 1000, 900 to
2, 200, 900 shares, no par. They also
authorized plan calling for issue Of
425 900 shares new stock to be offered
to shareholders at $3.50 on basis Of
one new share for each two now held.
Proceedings to end TIE receivership
Of the Missouri, KanS1s and Texas
States Circuit Court Of Appeals before
the end Of this month, Walter H.. San.
born, presiding Judge, announced yes.
terday in over -ruling. a motion Of Kan.
sas City to intervene In the :receivership
suit.
to call a meeting Of directors Of the
club to be held on Wednesday ct B
o'clock at the Offices OF Edward b.
Smith &, Co. At this meeting PRO.
posal will be made that the club ec
to be formed later, they say, 1t will be
an entirely new structure.
There have been admitted to tho list
Of the Philadelphia Stock Exchange
1913 additional shares no par value com.
mon stock Of the American Stores Com.
1 pany, reported issued June /, 1922 IN
exchange for 248 shares first preferred
stock, cancelled in accordance with con.
version provisions Of the bylaws Of the
company, making a total OF 190. .611
4 shares no par value common stock listed
at this date.
Absorbing to the London Standard,
the purchase by a London financial
house of 1850. 900 shares from the
Royal Dutch Company Of Its holdings
in the Shell Transport and Trading
Company. at "A, lis, Cd share an.
nounced in a Central News cable yes.
terday, does not indicate any altera.
ton in constitution Of the combination.
The sale of the shares will provide
the company with capital required for
development. =; .. T.,
Robert e. Giendinniug, a governor
of the New York Stock Exchange, rep.
resenting Philadelphia banking houses
with memberships on New York board,
will be the guest Of honor at dinner
given by the Philadelphia Association
OF New York Stock Exchange firms to.
morrow night. The dinner will be held
al the Philadelphia Country Club and
is in recognition Of Mr.. Glendinning' Q
untiring efforts in representing local
bankers and az a member Of the Com
n.ittee on Quotations and Commissions
Of the New York Exchange.