Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-08-24
=. 1O4
Sinclair G OIL
Corn III
NEWS FOR INVESTORS

The Bank of Engand's minimum dis.
count rate remains unchanged at d"
per cent.
Harry RI. Stubs was elected vice
president of the Philadelphia Insulated
Wire Company in charge of production
and manufacturing.
The average price of the twenty ac-
tive industrials declined O.43 per cent
yesterday to 1OO.32. and the twenty
railroads declined O.51 pcr cent to
02.O3.
The American Locomotive Company
has received an order for thirty MikadO
type locomotives weighing 29J, 900
pounds from the Louisville and Nash
vile.
Statement Of earnings of the Win
chester Repeating Arms Company for
six months ended June 30 shows net
consolidated loss of So ,512 after costs,
expenses and interest.
Income account of the Rogers Brown
Iron Company for the year ended De-
cember 81 shows net loss of ST.
2S1 ,64S after expenses, loss from opera
tion and depreciation.
consolidated income account of the
Atlas Powder Company for the six
months ended June 80 shows net opcrat-
ing income for the period of Sill ,014
after operating expenses, excluding Fed
cral taxes.
The st. Louis and San Francisco
Railroad has decreased the semi annual
interest of 3 per cent on its adjustment
bonds and the annual installmcnt Of q
per cent on its income bonds both pay
able October l.
Stewart Warner Spccdomcter Cor
poration sales for 1922 to date show
an increase of II per cent over the
entire year Of 1921. August sales arc
running Is per cent above any month
in the history Of the company.
Despite net of only forty-one cents
share on the $4,000 common shares
Of the United States Rubber Company
in the first half Of 1922, prospects are
that the full year will show So share
earned on this issue.
Surplus freight cars in good repair for
the week ended August 8 totaled 153,-
$50, according to reports filed with the
Car Service Division of the American
Railroad Association. This was a re-
duction Of 81 .04T cars since July 81.
Southern States OIL Company has
announced it'll first stock dividend Of /
per cent. as against development Of
| non producing properties for four
months from May TO August 81, pay
able September 20 to stock Of record
| September l.
Tangible assets Of Allan A. Ryan
were sold Wednesday for $4,000. The
sale. approved by Peter Il. Olncy, bank
ruptcy referee, contested of seventeen
! items, including several promissory
notes, accident policy. fifteen pieces of
jewelry and fifty shares of Stutz Motor
stock.
Tho German mark took another
dowgward plunge in London today and
touched 5000 to the pound stcrdling ON
heavy selling by spcrulators who were
disappointed at the failure of the Allied
Mission to secure guarantees from Ger.
many.
The proposed sale of the Canadian
! Locomotive Company. Kingston, Ont.
to the Baldwin Locomotive Works has
fallen through and the company will
operate itself The works, which have
Gcen closed for over year. are ex-
pccted to reopen shortly with Govern
mPnt railway orders.
The Albro- Glenn Elevator Companv
has been consolidated with the Atlantic
Elerator Company, both of Philndcl-
phia. The new company is to be known
as the Atlantic Elevator Company and
| has n capitalization of 81, 800 900. Il.
Frank Mechling, Jr,, is president Of
the consolidated companies and W. T..
| Barba chairman Of the board.
The Coca Cola Company has paid the
last Of its notes payable. At the end
of 1920 bank loans stood at S.. 800,
600. In 1921 the company cut this
item to $4,000 900. took an inventory
loss on sugar and still reported net
earnings OF $2,750,000 equivalent TO
$500 n share on common stock. The
management does not expect to borrow
from the banks again this year.