Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-14
Nelrs for Invest0rs

NeJcs for Invest0rS
Rock Island loadings the first week
Of November totaled 1,421 cars,
against 20.631 year ago.
The average price Of the twenty ac'
tive industrial stocks declined OBJ pei
cent yesterday to O5.37, while thu
twenty railroads declined 0.67 per CEN
I'm final accounting of matters arising
out OF Federal control. the Interstate
Commerce Commission decided today tht
nan Joaquin and Eastern Railroad II
California was entitled to receive
S53, I41 from the Government.
An issue Of $4,000 900 first refund
ing mortgage @ per cent gold bonds,
series a Of the Cincinnati, Newport
and Covinston Railway Company. 9
subsidiary of the Columbia Gas and
and interest by Beverley l'ogart & Co
Moves 4 Co.; Stroud & Co.. Inc.
Coffin 4 Burr. Inc. and Otis & Co
nre offering $1,000. 900 Tidewatel
Power Company first lien and refund.
ing mortgage series 4 sinking fund {
per cent gold bonds at 96, to yield Ga;
per cent.
The Beacon Manufacturing Company
OF New Bedford. Mass. declared n zoe
per cent stock dividend Mt special
meeting of stockholders yesterday. The
stock Of the mill from S4OO.OOO to
81. 200. 900. There is outstanding
81 900, COO in preferred stock.
Great Britain has advised the United
States that $50. ZOO. 900 Of interest or
her war debt to this country will b.
paid November II. Great Britain also
is expected to pay SG1O. 900 on Novem.
Der Is MS interest on debt incurred for
sale Of silver in war period, which
already IL partially liquidated.
The committee Sn securities OF the
New York Stock Exchange rules that
transactions in the capital stock Of the
Detroit Edison Company shall be ex
the right TO subscribe to the new Z per
cent debenture bonds on November 20
unless made for cash. The right to
subscribe expires December Is.
The WyandOtte Terminal Railroad
Company applied today to the Inter-
state Commerce Commission for per-
mission to issue and sell S415. 900 IN
common stock at par to finance the
purchase Of the equipment and other
property Of the Michigan Alkali Com.
rany, at Wyandotte, Mich.
For tho first nine days of Novcm.
Der. the Treasury purchased war obli-
cations for sinking fund account to the
amount Of SS.O93 $50, compared with
81 .S33 600 in same period Of 1921
For year TO date purchases are behind
last year. however. total for 1923 tiscu:
year to November o being $11j.5SS =
300. against $40, ,1SS, 100 in the pic.
ceding year.
The Consolidated Gas Company has
just about completed details Of n pro. .
posed issue Of stock for sale direct 20
the public. 1t Is understood that this
stock will be divided into two classes,
OF which SO 100000 will be common
stock and $40. .0O0. 900 preferred, max. 4.
Ing total Of $40. .OOO. 900 to be offered
at q price somewhere around current
market quotations.
H. NJ. Byllesby 4 Co. of New York.
=, Wakeneld q GO. OF Louisville, and the
Federal Securities Corporation Of Chi.
500, 900 q per cent sinking fund gold
tlebenture bonds OF the Louisville Gas
and Electric Company at price Of
061s and interest, to yield more than
G.35 per cent. The bonds are due Oc-
tober, 1897.
An issue Of 10000 shares of 7 per
cent preferred stock of the Enst Penn
Company is offered at 500. 30
Per share and accrued dividends by j.
G. White Company, Inc. Spencer
IrAsk 4 Co., and Marshall Field.
(ilore. Ward & Co. The stock has no
par value and is redeemablc in whole
nr IN part on any dividend date at
Sl15 per share and accrued dividends.
Chile Copper's October output was
slightly over 100000 pounds. This
ls close to 1,O00.0OO pounds higher
than the average for August and Sep.
tember. and In line with management's s
intention Of having output at the rate
'r ?25,OOO. 900 pounds Il year by early
spring. Directors feel it the best
policy, with Chilc's low cost, to 70 as
soon as possibl to maximum output
permitted BY installations under way.
During October, Treasury holdings
Of silver bullion were reduced from,
S42, PAT 1903 to $3S.S47, ,994. or by So.
300 300. and on November q had been
further reduced to S37, ,7a1. .410. Silver
coinage during the month was II.
$50 900 standard silver dollars. ind.
eating that consumption of silver for
dollar coinage under the Pittman act
was greater than the amount Of silver
purchased by the Treasury during the
month. On November o the Treasury
held IN its general fund $18. 704, $50
silver coin.
The Baldwin Locomotive Works has
.eceivcd an order for two locomotives
rom fucntan. Steamer embarked
rom the EdlystGne works on Monday
0aded with five of the twenty five
'ngines built for Poland. and loading
viii begin today Of electric engines for
'hile. by December Baldwin will
AVE delivered about fifteen engines to
he Pennsylvania Railroad on its order
or 100 engines. The first engines de.
ivered on this order are now In service
N tho Pennsylvania.
The annual report Of tho Orucible
Steel Company Of America for tho fiscal
ear ended August 81. 1922, shows an
pcrating loss Of $2.l65, ,767 after taxes
md inventory adjustment, against a
'rGtit of $4,000, ,424 in the previous
seal year. After payment of all interest
llarges, the loss was increased to 81, =
tW.3lI. against a profit Of $5,547 oij
fter Interest and inventory adjustment
= the previous year. The deficit Tor
W.. after dividends, was increased to
y, ?6B, S34, against surplus after
lvidends OF $?07 ,o45 after dividends
n 1921.