Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-08-17
NEWS FUR INVESTORS

The Bank of England's minimum rate
OF discount remained unchanged Mt 3
per cent today.
consolidated Cigar Corporation June
net earnings were $15O,OOO, after all
deductions and charges, including tax,
against $500 In June. 1021.
--Gcrmnn marks were quoted in London
today at 4TSO to the pound sterling, a
new low, record, and comparing with
400 to the pound sterling yesterday.
The Union Oil Company of Della.
ware will offer stockholders 130. 900
shares of Shell Union Oil Corporation
common stock at S12 share to pay
of bank loans.
The average price of the twenty
active industrials advanced O.51 per
cent yesterday to 07.41, while the
twenty railroads advanced O.S3 per
cent to 1884.
The American Cyanamid Company
for the year ended June 30 reports net
income of S107 .092 after charges and
Federal taxes. compared with net in
come of S344 40 the previous year.
The Central National Bank has been
authorized by the Comptroller of the
Currency to open an additional Office Mt
Broad street and Glenwood avenue, op-
posite the North Philadelphia station.
A special meeting of stockholders of
the Great Western Sugar Company will
be held at Plainficld. y. j.. September
81. to vote unpon proposal to reduce
the par value of common shares from
500 to S25.
Interest payments on the public debt
for the first twelve days of August were
81, ,S0S. 294. against $7.472 .022 for the
same period last year. and for the fiscal
year to date SAL, ,S17 1888, against $751;
326.967 last year.
The Amcricap Locomotive Company
received an order from the Union Pacific
system for iifty-fve mountain type
locomotives, each weighing 345. 900
pounds. and ten Mallctt type locomo-
tives, each weighing 405. 600 pounds.
Stockholders of the Oxford Bank. of
Frankford. at special meeting yester-
day authorized the directors to convert
that Institution into the Oxford Bank
and Trust Company. Deposits were
reported to to dnn hayc coz reached new high
The Public Service Commission has
extended tho time for the reorganization
Of the Pittsburgh Railways Company,
as provided under an agreement with
the city Of Pittsburgh. the railway COM
pnny and the Philadelphia Company, to
November 1.
The New York Stock Exchange has
received word that a dividend of ~
cents n share on Rand Mines. Limited.
has been declared. Bankers trust
certificates for American shares Will
be paid on August ~ to holders of
record August 10.
-Torrington Company of Maine will
retire its 81 900. 900 of per cent pre-
fcrrcd. 1t is understood that the issue
will be retired mt par and so. This
will leave $500. 900 common stock
outstanding as tn" company has no
funded debt. The par is SO.
The following names have been posted
for membership on the Philadelphia
Stock Exchange: William Lilley, of
Lillpy, Blizzard & Co.. Joseph de V.
Kccfc and G. Russell Auchncloss. The
membership Of Benjamin W. Frazier is
being transferred to Mr.. Auchincloss.
both being members of Redmond & Go.
Coca Cola reports for the quarter
ended June 30 net income 50. .755.92j
after expenses and interest. equal after
preferred dividends to S5.16 n share on
800. 600 shares of common no par stock.
against net income of $500. 10. or 81 .jS
in the first quarter. and l.1IO.31J,
or 81 90 in the second quarter of 1921.
In connection with listing of its co.
600 shares of preferred stock, 500 par.
on the Boston Stock Exchange. the
Boston Consolidated Gas Company has
filed an income account for six months
ended June 80 last showing total sales
81. .:42. 4GS; net income SLIP. .S43,
and surplus after preferred and common
dividends S327 .3S3.
More than 5000 subscribers in
from one to twenty shares
have applied for more than $500 900
American Telephone and Telegraph
Company stock under the plan Just
which offered American Tel
cphonc stock to those applicants for
New York Telephone preferred stock,
who did not get their ailotmcnts.
Purchase of substantially the entire
capital stock of Rossia Insurance Com
pnnv of America was announced BY
banking syndicate headed by Kidder,