Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-05-31
FINANCIAL BRIEFS

Mother Lode Coalition Mines April
production totalcd 2,O2l ,GO1 pounds of
copper
At u price to yield .j@s per cent. l,il.
Ion. Read & co. are offering an issue
cf the Province of Manitoba three year
= per ccut gold bonds
--Nackic. Grouse Company announce
that !. Charles Fury and Arthur d.
Clark are associated with them in their
sales department.
--t'osdcn 4 Co. stockholders at spe.
rial meeting authorized amendment Of
the charter to provide for sinking fund
for retirement of preferred stock.
:. W. Strauss \ Co. have under
written 81 .2jO. 900 first mortgage G'2
per cent bonds on the Argonnc Apart.
mcnts. Washington.
The average price of the twenty active
industrials advanced ~ per cent on
Monday to 0G.i1. while the twenty
railroads advanced IL per cent t.
SGS3.
A syndicate consisting OF Hayden
Stone 4 Co.. Lee. Higginson n Co.
and William Il. Compton Company Is
receiving subscriptions for S3.0JI .OOO
City Of Norfolk direct obligation bonds.
--Atchison's loadngs last week we're
the largest this year. ,otuling 2S, S,5j2
cars against -. AGA previous week and
25.33S year ago. This years total to
date is J2I .>Il against Jl2.9I2.
The old common and preferred stock
Of tn" Electric Storage Battery Com-
pany. par value 500 per share. will Be
stricken from the lis; of the Philndcl-
phia stock Exchange at the close Of
business today.
Norfolk and Western has been grant
ed authority to assume oblgat lion as
1 4, lsA A
Western equipment trust certificates
which are to be issued by Commercial
Trust Company Of Philadelphia. and
sold so as 70 net not less than 91.1j per
cent of par Ia connection with pro
curcmCnt Of certain equipment.
1t is CXp"ctcd tn" 1921 annual re
port Of Pierce oil Corporation will show
Il deficit of about $1,000 900. This
would compare with surplus after
charges and Federal taxes in 1920 OF
&,+m,Sls. equal after preferred divi-
d"nds to S2.%4 a share on tho So.
"a .S31 common stock then outstand-
ing.
A Rome dispatch says the Banca
ltaliana di S"onto is settling with eli
ents whose deposits exceed 10000 lire
by, paying IS per cent in recovery Ger
tihcates of no fixed maturity. per cent
Bank and g per .cent In five cash in
stalmcnts tu be paid before March.
1924. Smaller depositors receive bet
tor terms.
Directors of tho Appalachian Power
Company hav" submitted n plan to the
Stockholders. to be acted upon at Il spc-
. cial meeting on June Is, whereby the
so accumulated dividends on the pre-
ferrcd stock will be paid off and the
present preferred exchanged for n new
preferred issue. on which regular quar-
terly dividends of ~ per cent are eX-
p"cted 10 begin in January. 1923.
List committee of the Philadelphia
Stock Exchange has today admitted 70
: III" unlisted department of the exchange
the Philadelphia Electric Company def =
nitive first lien and refunding mortgag"
gold bonds. & per cent series, due 1871
The committee has today stricken off the
unlisted department of the exchange
! DreNcl 4 Go. interim certificates for
tho Philadelphia Electric Company first
! lien and refundtug NOR gnge gold bonds.
6 per cent series. due 1871. dcfnitiv"
bonds.