Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-12-20
NelCs for Investors

The average price OF the twenty
active industrials advanced 0.59 per
cent yesterday to 0S.23. while the
twenty rails advanced 0.2 per cent to
1898.
The British. American Tobacco Com
pany, Limited, for year ended Ssptcm.
Der 80, reports net profit "a, 400. 1888
after all charges and income tax, ETC..
against i4.323. .4S1 the previous year.
"A special dividend Of 20 per cent. In
addition to a q per cent dividend on
the quarterly basis, was declared BY the
Lancaster (Pa.) Trust Company. This
yeor.
Payment Of the final dividend Of 0
per cent. free OF tnx. of the British.
American Tobacco Company. payable
January 1S, has been recommended
and also an interim dividend of 4 per
cent on acrount Of l922-23.
The Palestine Government has nr.
ranged for a lonn Of e 500 900. fioated
In London. Pending conclusion of ar.
rangements for the loan, the Crown
agents In England advanced consider.
able sums. so that half the loan already
has been spent.
The National City Company Is offer.
Ing an Issue Of 81 900, 900 general and
refunding mortgage @ per cent bonds.
Series A. Of the Northern Ohio Traction
and Light Company. due In 1917. at Il
price Of "a and accrued interest. to
yield Gh per cent.
The New York Stock Exchange
prints the following notice: "Iniorma.
ton having been received that Barns.
dali Corporation sinking fund convert.
Bile s per cent bonds, series \ and B,
due 1891, are on an absolute parity In
every respect. the committee on etock
list directs that there be but one call
Receivers Of the Chicago. Peoria and
St. Louis Railroad asked permission
from the Interstate Commerce Commits.
sion today to abandon that line In It's
entirety. Operations for several years
have been at n heavy loss. the applica.
tion said. and the road is unable to pay
S12O. 900 In taxes assessed against II
by the State Of Illinois.
A syndicate composed Of W. A. Har.
rman 4 Co.. Inc. and F. s. Moseley
& Co. is offering at 1O1% and
accrued interest. to yield more than
:. .25 per cent. a new issue Of 81. zoo, 900
Merritt Chapman & Scott Corporation
ten.year ~ per cent convertible sink.
Ing fund debenture bonds. to mature
In January Of 1899.
Bond dealers have been buying
throughout the list for some time In
expectation OF better things after the
frst OF the year. Buying has been
especially heavy In rails. which custom
arily lead tho march, and In high grade
public utilities. which. besides cxperi'
encing a growing demand from tndt.
vidual investors. have become extremely
porulnr with institutions.
nn- thn thwno rDnOtha nndoA Mem
tember 30, the Class l railroads OF
the country carried grand total OF
II. OF, ,56S carloads OF revenue freight.
Of this amount, 2.2s2. 17S carloads were
products OF agriculture; S97 143 were
animals and their products: AGA .15O
products OF mines; l.507,710 products
Of forest and 4.Gl6,3S7 manufactures
and miscellaneous.
--Rcports received by the Treasury In.
dicatc that out Of 500. 600. 900 Of Vic.
tory Notes called for redemption last
Friday. which were outstanding at the
beginning Of the month. less than
1900 600, 900 have been presented FOR
redemption to date. interest on all
called Victory Notes. which hear DIS.
tinguishlns letters 4. u, G. ID. = or
+ prenxed to their serial numbers
stopped Friday.
w u DuTEUt tieN e'''N.
offering u Fisher BODY Corporation
common stock units was released yes
terday through the Durant Corporation.
This is the third Offering Of this So
ciety in sixty days. The first was
made at 1872 per unit. equivalent to
sl6O per share; the, second at $40 per
unit. or Sl75 per share. The present
Offering Is at $40 per unit, equivalent 20
300 per share.
Organization Of a so, 900. .0nO eorpor.
alton known as the Columbia Steel Cor
noration to consolidate plants of the
Columbia Steel Company In Pittsburgh;
California End Portland, Ore. ard
Utah Coal and Coke Company OF Utah,
was announced by Wiggington T..
Greed, president of the corporation. at
San Francisco. The plan OF the com
pnny is to process steel on the pacinc
Coast to save water and rail tarffs
from the Fast. :,
The third Of the series OF the boLds
which have been offered to aid In New
Jerseys share OF the New York ana
New Jersey Vehirular Tunnel was pur-
chased aud resoid 10 investors yester-
day BY Dillon, Read & Co. The issue
WAS So OOO, 900 and they are 4h.. due
In thirty years, with an optional Aato
Of l0sS, They were purchased BY The
bankers on their proposal OF lO2.OW!
ard resold at 103. The bonds are dated
January !, 1923. ~