Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-10-18
Neps for Investors

"A meeting of stockholders of the
Tenth Nntonn, Bank will be held No
vembcr 10 to vote on increasing ilie
capital stock from $500, 900 to SooO,Ooo.
The average price of the twenty
active industrinls declined O.1U per cent
yesterday to 1O2.GN. and the twenty
railroads declined O.15 per cent to
03. 55.
There have been admitted to dealings
on the New York Stock Exchange
Callahan Zinc Company rights and
Keystone Tire and Rubber Company
An issue of s15.OOO.OOo Hershey
Chocolate Company first mortgage sink.
ing fund per cent twenty.ycnr gold
bonds is being offered at 0S1a and in
tcrest, yielding over 61s per cent.
i. :. Bachc 4 Co. nave opened Il
branch Office in this city under the joint
management of Walter :. Humphrey
and Joseph +. Hickey, formerly. mem.
hers of the firm of Frank +. Bell
Il Co.
Sears. Roebuck & Co. report that
tho reminder of the notes outstanding
Of the issue of S16.50O,O00 due Oc-
,ober 10, were paid Monday. The COM
rany also announces that no new
financing is contemplated.
The punta Allegro Sugar Company
reports for the year ended May 81,
deficit of S1T3.7GS after expenses, de-
probation, loss on sugar carried over,
etc., against deficit Of S2,S43,mO the
previous year.
r-Brooklyn Edison Company may short
ly offer an additional stock issue Tor
subscrption to its stockholders to pro-
vide necessary capital for m expansion
program 1t has under way and TO retire
some of its existing funded debt.
Vacuum OIL Company directors have
called special meeting Of stockholders
for December to vote on an increase
in capital stock from S15,OOO,OOO to
$40, 900. 900 and to reduce par value
Of its shares from 500 to $50.
The International Salt Company and
subsidiaries for the quarter ended Sep.
tember 30 show earnings of S516. 800
after an expenses. After deduction Of
500. .43O for fixed charges and sinking
fund, net income was SAT- subject
to Federal taxes.
Otis Elevator Company reports for
the nine months ended September 30
net earnings 1000. .4S2 after expenses
md depreciation. After setting uI
1905. 900 reserve for Federal taxes and
S75. 600 reserve for pensions, net In
come was 81, 100, ,4S2.
--.Keystone Tire and Rubber Co. will
offer stockholders at close of business
on October "a right to subscribe to new
common stock of no par value at $6.5
share. The stockholders may sub
scribe for one share Of new for every
, two shares of O'd stock held.
1t was announced today that the
shipment of $4,000. 900 in gold for
warded from Rotterdam to the Federal
Reserve Bank in New York was made
by the Ncderlandsche Bank for the pur-
pose of strengthening its balances in
favor of it's correspondents abroad.
Directors of the Callahan Zinc Lead
Company will offer to stockholders OF
record October 26 the right to subscribe
to 100, 900 new shares ut par, on the
basis of one to five. The right to sub
scribe will expire November 20. Sub
scriptions for fraction of share will
not be received.
1t is reported that stockholders Of the
New York Air Brake Company have
subscribed to approximately IS per cen,
of the 100000 shares Of class A stock
which recently was authorized and
offered to stockholders at $50 a share.