Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-12-02
NeIvs for Investors

A special meeting of Tiffany & Go.
stockholders has been called for De-
Cenber 10. TO approve an incrense III
capital from ST.. .NOO, 900 to S1G.SOO
600.
was made from the
rostrum Of the Now York Cotton Ex-
chnngc this morning that Ininborn. 4
Go. have been restored TO the trading
privileges on the exchange.
For year ended September 30. I'm.
pcrial Tobacco Company. Lid.. "i
Canada. shows record net earnings of
S3.G30. .O1G after allowing for deprccia-
ton, taxes. etc. This compares with
$8. 1886, 7S3 in previous year.
The average price Of the twenty a"-
tive industriuls advanced los per cent
yesterday to Dj.T3. making n recovery
" 3. 20 per cent in the last three days.
The twenty rails advanced 90 per cent
to 1855. making the recovery in this
group $3.50 per cont.
Crude oil production in the United
States for the week ended November
- averaged ! 1.G37 400 barrels daily.
according 70 the American Petroleum
Institute. This compares with ! 1.GlI..
200 in the previous week. and l .32' $50
in the same week last year.
--Noticc has bcen received by the New
York Stock Exchange of proposed in
crease in capital stock by the All.
America Cables. Inc. from S2j,UOO 900
to $40 900 900: the Nash Motor tom-
pany proposed increase IN capital stock
by So, 500. 900 preferred stock and
2lj 900 shares common stock.
combined income accnunr Of tn"
Metropolitan West Side Elevated Rail.
woy, Northwestern Elevated Railroad
South Sid" Elevated Railroad and chi
cago and Oak Park Elevated Rairond
for the year ended June 80. shows nci
| income Of Si2Gl. aftcr charges and
taxes. compared with Sl02.OlG in the
previous year.
The Government was u heavy rur-
chaser of war obligations for sinking
fund account last month. total for first
twenty seven days of November bcin !,
| SG2. .O21 600. against S2I $40 900 for
tn" corresponding period of 1921. For
| the current fiscal year up to November
-. purchases for sinking fund totalrd
| S1G9. .Ol1.3O0. against SlGG.1Sj.O 900 in
sam" period Of 1921.
Authority was given the Salt Lake
and Utah Railroad today by the Int,
Statc Commerce Commission to issue
SNM. 900 in pcr cent first mort gage
| bonds and S5OO.o0n in per cent pro-
| fcrrcd stock. Both issues of the seruri-
! tbs will b" deposited with the treasury
| pS collateral for loan of 500 600
made TO the railroad by the Govern
ment
American Water Works and Electric
Company appears 10 have made n
definite comcha"k Earnings for twelve
months ended October ~. were
81 .I52.jS0. equivalent after a full
| years dividend ON the Si.GO.U 600 !
per cent preferred and $4,000. 900 6
per cent participating preferred to
S4.S1 n shHr" on the outstanding
| 80, 2O0. 600 common.
Tho treasury has retired $500. 900 900
! in Victory notes since the call for the
rrdcmption Of part Of that issue went
| cut July 2G. Secretary Mellon an
| n"linccd in Il statement in which he
| called TO the attention of holders OF
! such securities that interest on them
tory notes affected by the call include
those bearing the distinguishing letters
! 4. r. &. ID. r. or + prcfxpd to the
,crial numbers.
| --RondS called for payment in De-
,cmbcr are unusually large as n result
! sf numerous corporations rCdecming
nigh interest hearing issues and re.
! placing them with long term loans at
| lower rates. Total of railroad. public
utility and industrial issues called for
| rnymcnt next month is so go 600
! against 81. go. 300 in December. 1921
! Of this ST.. .9O3. 700 is for issues called
in entirety, while the balance is for
small amounts to meet sinking fund re
| quirpmeNts.
I--Fajardo Sugar COmpanv's recent re .
port showed il was one Of the few
sugar companies which came through
the dctlation period with profits of the
preceding epoch Of high prices saved
largely in liquid form Liberty bonds
and other cash assets total about
81. $50 900. Tn" corporation is capital
lied mt 3,1Go.uO0. and has II" bonds or
preferred stock outstanding. \et work.
| ing capital is about 5000. 600. Fa-
iardn is n Porto Sicnn producer. and
benefits from the higher tariff on sugar.
rs its product comes into the United
States duty free.
!