Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-09-14
NEWS FOR INVESTORS

The Bank Of England minimum dis
count rate remains unchanged at per
cent.
st. Pauls freight loadings the first
nine days of September totaled 45,2S2
cars, against 3S,706 a year ago.
The average price Of twenty active
industrial stocks declined 0.7S per cent,
roads were O.SI per cent lower at %. 50.
The Baldwin Locomotive Works has
just closed an order for fifty Mikado
type freight locomotives for the Balti-
more and Ohio Railroad. which will
amount to about SO 900. 900
For the six months ended June so
Indian Refining and subsidiaries report
deficit of SSo5. .SlI after taxes, interest,
depletion and depreciation, against
deficit of 50, ,2oS, 500 in the first half OF
1921.
A new issue of S2,63s, 900 Province
of Saskatchewan. Can, 8 per cent nom
callable gold bonds, has been purchased
by Dillon, Read & Co. They are
datel September 10. and are due Sep
tember Is. 1912. They are offered at
99ae and interest. 10 net 900 per cent
Blair & Co.. Inc. the National City
Company and the First Trust and Sav-
ings Bank Of Chicago are Offering so.
poO''Vo,Vt' -iliNlilI Il'' lslll' '-pill-
pany twenty-year sinking fund 3 per
cent gold bonds dated October .. 1922,
at 90 and interest, to yield over $40
per cent.
The Crex Carpet Company for the
year ended June 80 reports net loss OF
S5S ,066 after expenses, depreciation,
etc, compared with net loss of S251,-
COL in the preceding year. Profit and
loss surplus on June 80 last was S662,
81. against SI3J,4l7 on June 80,
1921
Report of tho Glidden Company and
subsidiaries for six months ended June
so. subject 70 adjustment, follows:
Net sales. SS,5S4 AL. income before
dependencies. Sill 500: other income,
S247sS; total income, S736. 900: dis
count, bond interest, etc, S2SS, So
net income, SAT ,G3S.
An issue Of $4,000, 900 Consolidated
Gas. Electric Light and Power Com
pany, Of Baltimore. first mortgage >
per cent sinking fund gold bonds is
offered az 99i2. TO yield about Jl9
per cent. by n syndicate Of bankers.
The bonds arc dated September !,
1922, and due September |. 1852.
The New York Curb Exchange ad-
mitcd to trading Consolidated Gas,
Electric Light and Power Of Baltimore
first refunding mortgage per cent
sinking fund gold bonds, series "E, y
of 1852 when, as and If issued. Also
Nebraska Power g per cent gold dcben-
ure bonds. series \. Of 2O22, when,
as and II issued.
-Accorling 10 Paris dispatch, Amer
leans are estimated to have lost al least
81 400, 600 900 by the purchase Of Ger
man marks before German financial in
iiation commenced. inquiry among
American bankers in Paris disclosed.
Germany has protited by from 1900
900 to IS ,00O,0 on sales Of her de.
preciated currency to foreign buyers, it
also was learned.
A group of bankers has underwrlt-
ten the entire new issue Of 200, 900
shares Of Saxon Motor Car Corporation
stock, recently authorized by stock
holders. An offering to stockholders by
the syndicate IS expected shortly. The
proceeds Of the sale are expected 10
furnish additional working capital 70
round out the company's production
program for the coming year.
Bids will be received by the Mayor
Of Philadelphia October II for the sale
Of a Sl2 900 900 municipal loan bear
ing interest at ! per cent, payable in
thirty years. The loan Is part Of
one Of $33 900 900 authorized by a
vote of the people on November .,
1920. for general municipal purposes ::
SO ,OO0, 900 Of the loan was negotiated
in January. 1921.
Income statement OF the Saxon Mo-.
torcar Corporation for the six months
ended June 80. ms submitted 70 the
New York Stock Exchange, shows net
loss of S192, ,723. Income statement for
the six months ended June 80 follows
Income from car sales, etc, Sl94 $40
other incomes, Sl048; total income,
Sl96 ,2S6; cost Of sales. expenses, etc.
$3.50 900; net loss, S102, 723 profit and
loss surplus June 80, 81, ,40i, ,432.