Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-09-07
NEWS FOR INVESTORS
The United Security Life Insurance

L
and Trust Company, In a statement as
of August 81, shows the company's
funds are invested as follows: Cash,
1856, ,567; loans secured by collateral,
81. no. .6O1 loans on first mortgages.
50, ,1O2.5l5. United States Government
and railroad bonds. $500, 45a ; CONNER
and other real estate. S242.6IO. The
foregoing shows n total Of $4.534 ,103
to protect S2.3l5,SS4 OF deposits.
New York bankers were the high bid.
ders for 81. .0OO. 900 highway bonds Of
the state of Oregon. The issue was
awarded at 100. .0101. The terms of the
bidding were TO the effect that the bid
ders were to fix the rate. They set 1t
at Az per cent. for 81. 400 900 of the
issue and per cent for the other $780,
600. The bonds are serials, maturing
on an average Of eighteen years nine
months. /
A syndicate of bankers composed of
Hambleton & Co. Spencer Trask &
Co. T.. H. Rollins & Sons and the
Merchants Securities Corporation Is
Offering for public subscription n new
closed issue of Sl,775 900 Wickwire
Spencer Steel Corporation ten year ~
per cent secured convertible gold notes.
dated September !, 1922.
Two issues of public utility bonds
totaling S1,2JO,00O for Porto Rico
we're awarded by the War Department
Insular Bureau to American bankers.
headed by Guaranty Company and
Halsey, Stuart & Co., Of New York.
OF the issues. $1,000, 900 were 8 per
cent gold bonds and brought $109.317.
The second issue, known as 3 per cent
irrigation gold bonds. brought Sl13.-
SS4
The National City Company, which
on July %, purchased the entire S15.-
600, 900 issue of Philippine Govern.
ment thirty-year Az per cent gold
bonds. announced that all Of them have
been sold. The bonds mature July l
and IS, 1862.
A referendum on the question rs to
whether the collection OF checks by
banks at par should be made uni
yersal practice throughout the coun'
try was begun among 400 business or
panizations connected with the Cham
her of commerce Of the United States.
The Bank of England minimum dis
count rate remains unchanged at 3 per
cent.
The average price of the twenty ac-
tive industrials declined 0.99 per cent
Yesterday to 100.6S. and the twenty
rails declined 0.06 per cent to 3l.2O.
The report Of the Union Tank Car
| Company for the six months ended
June 80, 1922, shows surplus OF 81
| 233 ,431 after depreciation and Fed
eral taxes. After allowing for pre-
ferred dividends this Is equivalent to
| S6.77 a share earned on the outstand-
| ing Sl2 900 900 common stock.
More than 81 100000 par value Of
stocks and bonds found in the strong box
of the defunct brokerage firm OF Ed
ward T., Kohn & Co. were sold at
auction yesterday for S56,337.
An analysis Of the distribution Of out
standing stock of the American Smelt-
ing and Refining Company has been
made by the company's transfer de-
partment. The records show that 406,
stock are held by II 400 stockholders
and co., $50 shares Of its common stock
are held by 1916 stockholders.
During August, Burlington hauled
1897 more cars than last year or
S.4 per cent. Livestock loadings in.
creased 1877 per cent, to 1862
cars; grain 81 per cent TO 1920 and
miscellaneous freight 21.5 per cent ia
117,754, while coal decreased All per
cent to 1898 cars.
$. s. Kresge Company reports Au-
gust sales totaled 20, 5,l22,069, against
"a All ,25S in 1921. For eight months
sales were $38,921 ,2s, against $32,
568. .855 In 1921.
Illinois Central loadings during Au-
gust increased 10 per cent to 1856, ,277
cars. Grain loadings increased 81 pei
cent to 16,310, livestock Al per cent tt
AGO, lumber SO per cent to l7,0TS
petroleum and its products o per cen
10 COCA, quarry products 25 per cen
to 7732 and miscellaneous freight 80
TO 72,711, while coal and merchandise
decreased 9 per cent to 80, ,10S and 81,
618 respectively.
Great Western's revenue freigh
Iloadings In August were 28,533 cars
against 1904 : yearl's0'