Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
Financial Briefs

The Bank Of England's minimum
discount rate remains unchanged at
Az per cent.
The average price Of the twenty &C.
tive industrial stocks advanced O.!V
per cent yesterday to $3.50. while the
twenty railroads advanced 1.O1 per cent
to 8O.18.
Bolivian Government officials are re.
ported to have arranged with q group
of New York bankers to sell an issue
Of $24 ,OOO. 900 Z per cent bonds. The
public offering Of the new bonds VIII
probably occur in few days.
The reorganization managers OF the
Ray Hercules Copper Company have
declared operative the plan OF reor'
ganization, to take effect April o. De-
posits of stock will be received up to
that date.
The Dome Mines Company, Ltd,
reports for the eleven months ended
February 90, operating earnings before
depreciation and depletion of $l,Ol6.-
1O3, total income 81 1.144yG5S. profits
after reserve for Dominion Of Canada
taxes, depreciation, etc., 1924 2G.
The pamphlet report Of the Califor-
mia Railway and Power Company for
1927 shows total income Of $4S4S.
total expenses and other charges OF
S11 1856. net loss Of S863I and profit
and loss deficit at the beginning OF
500 ESQ.
Magma Copper Company stockhold.
ers, at n special meeting. authorized
directors to issue convertible bonds not
to exceed $4,000. 900. Resolution was
also adopted to increase capital stock
from 81, SOC, 900. consisting Of 300 900
shares, par value S5, to S1,I50 900,
consisting Of 800, 900 shares: par value
So, to provide for conversion.
Western Union Telegraph Company
has issued its annual report for the
year ended December 81. showing bal.
nnce OF $9,633, SO3 after charges. dc.
probation and taxes, equivalent to
So. SO share earned on the 500, 1885,
727 outstanding capital stock. This
compares with balance Of ST., $50, ~.
or $12.S1 share in the previous year.
for British loan to Czecho- Slovnkia
of 100000, 900. Bonds will be offered
at %. will bear an $ per cent coupon
and will be redecmable at end of
twenty five years. 1t is expected that
part of loan will be placed In New
York This Is the first credit which Eng
land has extended to Czecho- slovakia
since the war.
The American Smctcrs Securities
Company. controlled by tn" American
Smelling and Refining Company. re-
ports S2.00S. .O9G income for the year
1921. against S5.3S6. .6jS in 1920.
/, Through the transfer of $1,000. 900
from enlargement and extension ac-
count and giving mining. properties an
| appreciated value approximating S577.-
900. profit and loss surplus. standing
ut 81 .2S2 1913 ut the beginning Of 1921 +.
| increased to $7,31O,00G on December
81 last.
The trend of savings deposits in the
Third PhiladelphiaI Federal Reserve
District during February was gencr-
ally upward, but the increase for the
eighty banks reporting to the Reserve
Bank here was only - of l per cent.
! The nine banks in Philadelphia report
Il slight dccrea"e in deposits, from
!, S267 .913.OOO on February | to S267.
SIS, 900 on March l: but this was
more than counterbalanccd by an in
crease from S1J7. .525 900 to S15S,-
G42 GOO in tho savings deposits Of the
seventy -one banks outside of that
{ city. Chester. Philadelphia and Trcn-
{ ton wcr" the only cities showing a do
cline in February.