Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-06
Nelvs for Investors

--Lil."y, Blizzard & Co. announce that
| Howard j. CoMbcr is now associated
with them.
Tie average price Of twenty active
1 industrial stocks declined OBS per cent
on Saturday Ia 5000. while twenty
railroads We're O.24 per cent lower at
!W.N1.
Tn" TcEth National Sank has add",l
S1u,uOn 10 surplus out # earnings OF
tho last six months. making Il total of
$1,000 added - surplus account from
last years earnings.
--Trau,frr books of the Leh!gh Valley
Railroad Company, preferred and COM
mon stock. close November III. open
Noy"mbcr - for the annual !uccllns 10
be held january 1G.
An iss,." Of $1,000. 900 OF the stand
ard Textile Products Corporation first
mortgage G'a per cent s!nkln. iunr
twenty year gold bonds is being offered
by 4 syndicate.
-Contract$ for 5000 cars for tho
Louisville and Nashville Railroad. rep
rcsent!ng an expenditure Of 81, 80 900.
have be,a authorized. according to II.
T. ShanAS. Purchasing agent Tor the
road.
III" Federal Government was again
Il !.b"ra! purchaser Of war loans in
O"tohor for sinking fInd account, total
being SJ+ 80 100. or at the rat" 81.
nor" than y. .OOO, 900 each business day.
This compares with SI2.52i,;nIO in
SEPTEMBER. an increase Of Sl2.O02, $50,
but is below October, 1921. when pUr-
cha-cs totalcd S57 $50, 100.
The National City Company nm
nounccs an Offering of SIS 900, 600 Re-
public Of Chile external loan twenty
year sinking fund per cent gold bonds
at IA price of 9Gl2 and interest. Th"
proceeds Of the bond issue will be up-
pied principally. st Is stated. for the
cations Of the Chilean Government and
providing funds tor public works.
The outstanding feature of the bonl
market last week was the sudden and
complete change from n downward to al,
inward trend. which started Wcdnps-
day. All groups participated. with Lib
erty Loans and ether Government issue,
in the lead. The new United States
Treasury AS, 104I-lo after Sell. &.
ing under par for NOR" than week
rallied and closed nt 1OO,Oi With the
exception Of high grade railroad bonds,
all issues closed til" week with gain.
After the capital r"adJUs'm"nt Of
the National Biscuit Company is COM
IIt'tPI, Nll'lIl''lI - " w SIN'i u l't
matter Of dividends, which are, j, is
understood. to be increased TO II basis
equal 70 Sl1.1O year on the present
stock, IN comparison with but 81 At
present. Enotticially, 1t is said in
financial circles, the rate on the pro.
posed new so shares Is to be 81 30
per annum, as against 81 now ben,
paid on the 500 stock
The committee of principal stock
holders of the Consumers Company re-
quests deposit Of sto"k uLtil January ! g.
for the purpOs" of "ttc"ti'lg merger with
Burns Bros. Coal Company and prom
ises that If their negotiations are sue
ccssful II minimum Of II for common
and 50 for preferred and as much more
as can be obtained will be paid. 1t
Is understood consolidation vii! extend
to Philadelphia, Boston and other
cities.
"A syndicate composed of Harris.
Forbes & Co.. the Guaranty Company
of New York, T.. II. Rollins and Sons,
II. NJ. Byllcsby * Co., Inc. Blyth,.
Wittcr & Co.. and Iiunbleton & Co.
of New York and the Federal Securi
ties Corporation Of Chicago Is Offering
new issue of SIS. .SOJ. 900 Louisville
Gas and Electric Company UNentucky),
first and refunding mortgage thirty
year 9 per cent gold bonds, Series A,
due November ], 1862. at 81h and 81
tssasts xisAias go p3 cent