Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-31

--NunnAlly Company reports for six
months ended June 30, net profit Vf
$40. .838 after expenses and depreciation.
The average price Of twenty active
industrial stocks advanced Ola per cent
on Saturday to 00.82 while twenty
railroads g! were 0,6f per cent higher At
Phillips Petroleum company's oper.
ating income In the quarter ended June
30, was $4,000, oil, operating expenses,
taxes and ,interest, 1894 ,0S1. Net of
~, ,O34, 43O before depletion and de-
probation was given several days ago.
In accordance with British Treasury
regulstions; 70 conversions Of ;Unites!
three year 51S per cent convertible gold
notes. due November 1, 1922, will be
made after August 81, unless deposited
on or before that date.
The American Petroleum Institute
estimates that the daily average gross
crude oil production in the United
States for the week ended July % was
1, ,406 800 barrels, as compared with
1 .474, ,460 barrels for the preceding
week, an increase OF "a, ,O5O barrels.
Canvass. of unlisted securities market
to find probable sale price for the 1873
preferred shares Of Royal Typewriter
and 0575 common, held a. collateral In
the Ryan loans, discloses nominal
market. Preferred IL 90 bid with no
offers common IL 10. bid, 20 asked.
AN issue of $8.6)O, 900 Toledo Trac.
tion, Light and Power Company three.
year 8 per cent secured gold notes is
offered today at 98 and interest, to
yield 0% per cent, by Harris, Forbes
Z Co., and National City Company.
The notes are due August 1, 1925.
Freeman Il Co., the Commercial
Trust Company and Stroud 4 Co. arc
Offering new issue Of $052.OOO SeaboarSl
ment gold notes. dated January -,
1920, and maturing $73, 900 annually
from January 10, 1923 to 1895, In
elusive, at prices TO yield per cent
to 5.75 per cent, according to maturity.
Southern Railway in first half of
1922 showed increase in net operating
income Of 80, 8,733,47O, or 314.O7 per
cent over 1921 period. In third week
Of July gross was off S.45 per cent from
Inst year. hut In three weeks of July
estimated gross was of only .0OS per
cent. Freight gross for the three weeks
was $271 .887, or 800 per cent ahead
An issue Of $4,000, 900 Central In.
diana Power Company Z per cent three
year collateral gold notes are offered at
40 and interest, to yield 7.30 per cent
by a syndicate composed of A. II. Leacl,
4 Co., Inc. and Paine, Weber 4
Co. These notes are convertible at 1Ol
and accrued interest into preferred I
per cent cumulative stock Of company
at 96 and accrued dividend.
Figures for the fifty three roads that
have SO far been published indicate that
earnings this June were considerably
ahead of the same month last year.
Gross for these roads amounted to
1880 ,S93 300, an increase of IL per
cent, or $8,046, sol over the CORE
spending month of last year; while the
net, amounting to $54, ,720 DOS, wa,
4G.3 per cent, or $17 1868, ,203, above
A syndicate composed of Blair 4
Co.. Inc. First National Company Of
Detroit, and Kelley, Drayton 4 Co.,
is Offering a new issue of $2,1OO. .0OO
Kansas City Joint Stock Land Bank Of
Kansas City, Mo-, 8 per cent farm loan
bonds. dated May 1, 1922, and due
May l. 1862. They are offered at 1O3
and interest. to yield AZ per cent to
redemption-date and 8 per cent there
after.
Official statement Of gold exports an,l
imports from England during first halt
ported and ETA, 40 900 exported. This
compares with imports Of f23 ,S74 400
in first half of 1921 and exports OF
ECO ,588 .5S7. The statement also shows
that exports of gold TO United States
during six months ending with last
June were f0, PSI ,701, as against f2S, =.
OS7.714 in same six months last year.