Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-20
FINANCIAL 6RlEfS

L--- - -..-.---- --------.-----
The Bank a EnsIand's ninlmun a..
count rate remains unchanged at 4 ~
cent. II
Lindsay Light Company for quarter
ended March 81 shows net prn6t Of
e00S3, before Federal taxes. against
loss Of $8440 first quarter 1921.
-ALons Island Railroad repoets for
yeor ended December 81. net income,
e690, ,019, after taxes and charges,
against deflcit Of $50, ,221 In 1g20.
ST. Paul loadings for Aret fifteen
days April, 90, ,007 cars, against - ,S1O
year ago, and Chicago, Tefre Haute
and Southeastern, 1852. against 4O16.
The average price Of the twcRty
active industrial stocks advanced 1.37
per cent yesterday TO 92.52, while the
twenty railroads advances 0.47 per
"a "a loan To- S1 Of ID, 900 900 to New Zealand
bear 8 per cent and to be Issued at 100.
Books have been closed on City Of Well :
ington, New Zealand issue.
Humble Oil and Refining Company
and subsidiaries report for year ended
December 81, net loss. 81 ,142. .S93 after
charges, depreciation and depletion.
against net income 81, ,473 ,459, or $40. 80
q share In 1920.
--Atchison's report for 1921 shows Q
bolance after preferred dividend equal
to $14.80 q share on its $225, 1907 300
common stock, the largest common share
earning in the history Of the road ex-
cept those Of 1919 and 1915.
Pacific Telephone and Telegraph
shareholders at special meeting In San
Francisco ratified proposal to increase
capital stock from $50, 600, 900 to 500, :
0OO, 900. All Of this increase is pre-
ferred stock, of which $25 900 900 Is
expected to be issued shortly.
The loading Of revenue freight for
the week ended on April 8 totaled IA, =.
week preceding, but an increase of 10, :
in 1921. In the corresponding week
two years ago. sO1 $50 cars were loaded.
Sinclair Consolidated OIL Corpora.
tion stockholders, at special meeting
called for that purpose, ratified issuance
Of $46, 900 900 Is. year Z per cent bonds
Of an authorized issue Of 500, ,O0O, 600,
proceeds to be used for retirement OF
the outstanding ~ per cent notes on
November Is next at 103.
For the quarter ended March 81, Re-
public Iron and Steel reports deficit
Of $712.OS2 after taxes and charges.
This compares with surplus Of $104, ,611
or ~ cents share, on the $25, 900, l.
600 preferred stock in corresponding
period Of 1921. Unified orders on hand
March 81 amounted to 100, SOL tons,
compared with 121 ,49S tons on March
New financial underwritings aggre-
eating SAC. 100000 were publicly of.
fered and Immediately oversubscribed
today. An international banking house
sold an additional $40, ,OO0. 900 Of Paris
Lyons Mediterranean Railroad per
so 900. 900 Sinclair Crude OIL three
year 5Ia per cent notes was disposed
Of on country wide participation.
For six months ended February 2s
Packard Motorcar Company show!
gross profits Of 81 .O15, ,803. Selling ant
general expenses totaled $7S0, ,9S1
leaving $234, 1922 profit before deductin,
interest and operating losses. Interes
charges Of 1888. 221. bond discount o.
$55, ,740 plus $570, 1877 loss from brancl
operations, resulted in net loss o.
$774, $40 for the period.
The resignation Of Horace II. LIE,
as secretary and treasurer of the Phil
adelphia Stock Exchange was accepte,
by the Governing Committee of the ex
change at it's weekly meeting yesterday
His successor will be elected by tn
governors next Wednesday. w. II. II
Davenport, broker of Buffalo, n. Y.
was elected to membership on the ex
change.
The annual report of the Illinois Cen
trail Railroad Company for 1921 show
a net income Of $0.7O0, ,7O4, after take
and charges, equivalent to $S.S7
share earned on the 500, ,295, 1897 out
standing capital stock. In 1920 tn
carrier, with the assistance Of the Gov
ernment guarantee and rentals, showe
a net Of SIS, ,571, ,122, or S12.41 a share
The profit and loss surplus as of De
cember 81, 1921. was $28, All 1901
against $27, 1876, ,232 for the precedin
year.
for year ended December 81, show
total income Of $920. .9S4 after deprecia
tion, taxes, ETC., equivalent to $1.A
share (par value So on the 3,735 81
capital stock. Income account, how
ever, does not include item of depletion
for which $1,719,2SS was charged Ou
against surplus account. II this sui
were deducted from years income I
1920 ,984 there would be a deficit befol
dividends Of $7S0, ,3O4. In 1920, tott
income was 81, 1,414.195 after taxes
depreciation and depletion. or $1.S9
share.
Northern States Power Compan
earnings for the year ended DecemD.
81, after preferred dividends and al
lowance Of $525 900 for depreciatio
and $275, 900 for amortization, wer
$50, ,6a8, equal to S.27 per cent on tn
outstanding common shares. Afte
payment Of 4 per cent dividend on tn
common there was carried to surplu
$263, ,s08, making total surplus 81
$50, ,7O7. In addition there " q dc
probation reserve account of $744 ,0S(
or a total Of 81. .32S, ,677. which has bee
invested In maintenance, imprOvemeI