Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-08-08
NEWS FUR INVESTORS

Samuel ]. Steele, Jr.. formerly with
Blair & Co., Inc, has become nssO-
ciatcd with Graham Roberts & Go.
Goldman. Sachs & Go. and Lehman
Brothers announce subscription books
have been closed on the stock Offering
Of Gimbel Brothers.
-Lehigh Power Securities Corpora
ton. in its statement for the year end
ing March 81, shows income from sub
salaries amounting to S2,1l1,2lS.
S. =. Krcsge Company reports gross
sales of $4,000. 1913 for July, against
S4,O7S,37O in same month last year.
For seven months Of 1922 gross sales
aggregated S31, 100 ,1S0. against S2S,-
2JI .397. -,
Reports of Butte and Superior Min. Z,
ing Company for the quarter ended
June 30 shows deficit of SG6, $40 after
expenses and depreciation. as compared
with deficit of $1s4 $50 in the previous
quarter.
The Baldwin Locomotive Works has
received an order from Poland for
twenty five consolidation type engines
to cost about $1,000, 600. The order
was on cash basis. and the engines
will be shipped in the fall.
Dissolution of Foreign Credit Corpo-
ration. which began about year ago;
Is now virtually complete. Financial
statement as Of July 1 shows that vir-
tually all corporations assets have
been converted into cash. This item
now amounts TO sc, 900, ZOO, as against
capital Of 5000 900. surplus of ST.
600 900, and undivided profits of $685.
004.
Both the twenty active industrials
and railroad stocks struck new high
levels in yesterdays market for the
current year. The twenty industrials
advanced O.34 per cent to 97.37 and
the twenty rails advanced 0.61 per
ccnt to 500. The highest average
for the industrials was 1902. reached
on November 9, 1919, and that Of the
rails 112.2S. reached October 1, 1916.
--Wardman Park Hotel, Inc, OF Wash =
ington. ID. c., has sold to Graham.
Parsons & Co. n 100000 issue Of
@ per cent bonds due September 1,
1887. offered at par and interest. They
are first mortgage on property which
bankers say has been appraised at ST.
600. 900. A sinking fund has been
provided to retire minimum of S6O 1000
per year and at least $685., 900 by ma =
turity.
A plan and agreement for reorgan-
izing the Canada Copper Corporation
Ltd, Of Canada. has been prepared
and approved. Holders of first mort :
gage and debentures issued by Can
ada Copper Corporation, Ltd. On. =.
| L.) the Virginia company, and stock =
holders of Canada Copper Corporation.
Ltd, Canadian company, are entitled
| to subscribe to stock of the new COM
pany to be formed.
Pacific Gas and Electric Company
In its report for six months ended June
l3O. showed surplus, after all charges,
h,,t Enf~ Il 1t,,,I
050 ,G74. increase of S490.11O, as com
pared with first half of year 1921
Gross earnings for six months were
$40. 100. .S13, an increase of S523, ,G27
over year ago. The company gained
20f4 customers net in June, as against
| 15GS in June. 1921.
The plan for the reorganization OF
the Amcs Holden McCready. Ltd. one
of Canada's largest boot and shoe man
ufacturcrs. provides for wiping out the
81 300, GOO common stock. Holders OF
81. 500, 900 preferred will be asked Ii
accept one share of common for each
four of preferred. Holders Of 81. .63S,
300 second mortgage bonds will be
offered preferred stock to amount OF
their holdings and 40 per cent in new
common.
TO complete details Of merger where
by General Rcfractories Company. Inc.
will take over General Refractoric.
Company of West Virginia and othel
companies. an issue of 81 .O0O. 900 frs
mortgage 6 per cent sinking fund goll
bonds, series A. is offered by Lee
Higginson & Co. at 95h. to yiel,
G.3O per cent. The bonds are caliabl.
at 1879 during first ten years. and II
100 during second ten years. thereafter
decreasing y per cent annually to ma.
turity in 1852.
Public Service Company Of North
ern Illinois earned So. .2Gl .OG3. an in
crease of S2o+.3SG in the second quar-.
ter of the year and S6G92 gross. an in.
crease of SAP, 724 for the first half O
the year. Rail and coal strikes rctard
ed the work of the company to som,
extent, and with these settled electrl;
and gas sales are expected TO make {
| letter showing. The 1900, 900 three
year collateral bonds due September
will be paid OFF from cash in the treas
! ury.