Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-16

The Bank Of Ensland's mieimumn
discount rate remains unchanssd o I"
Charles p. Linea weaver, vice presi.
dent Of the Commercial Trust Company,
was today elected q member Of the board
Of directors.
The average price Of the twenty &C:
tive industrials advanced 1.6O per cent
yesterday to o.. II and the twenty rail-
roads advanced o. il per cent TO SO.yt.
dominion Textile directors have de-.
cided to increase the common stock 81
the company from S5, ,000. 600 to V.:
60, 900 BY an issue Of 2O.OO0 shares az
The .-T New York Central lines freight
ever recorded, sc. .6O7 cars. of freisht!
being moved against q previous record
Of SS4. pa in August, 1920.
Negotiations are rep6rted under way
for the sale to New York bankers Of
an issue Of Dayton Power and Light
Company per cent .bonds: The
amount Is expected to be from $b,OOO,'
The Magnolia Petroleum Company
sSSsy s.n. cssd ,os Bsrie to sce on
proposed capital stock increase from
$i26 ,00O, 900 to $3.50, 600, 900. the new
stock to be used In payment Of 6O
per cent stock dividend.
The New York Stock Exchange an
nounces the suspension from dealings OF
the stocks Of the Republic Motor Truck
Company, Inc, common. and the Tenn
tor Corn and Food Products Company
preferred, Glass A and b, owing to lack
Of facilities for transfer OF stocks. Both
coppa anles art In hands Of receivers.
vvA Aotn YiNAt
pany reported September gross earn:
over over . September, ais 1921. Se, e earnings
were $461 1896, deciine Of $844. Gross
amounted to 50, ,SS2, ,164, a decline Of
9S7O, ,109 over the same period Of last
year. Net earnings were a, ,604 ,082,
4 snin Of S61B, ,4SO.
-Htockholders Of the American Ship.
building Company have approved the
proposed reduction IN authorised Pre-.
600. The original authorized preferred
stock Of 10000 shares was reduced
II, IA shares by purchase and retire.
ment on March %. last. The reason for
this action was said to be \ saving In
taxes.
Freight loaded on American railroads
for the week ended November 4, the
| car service division Of the American
Railroad Association reported, amount.
ed to m4.S?7 cars. I'm November
railroads had 248, 900 cars on their lines
than at any time since last March.
On November I, 1921, there were 345,.
COO cars unrepaired
Directors of Burns Brothers are con.
| sidering a capital readjustinent and
have empowered the president Of the
company to appoint special commit.
tee to investigate the matter. The
names Of the committee are expected 10
be made public shortly. 1t IL under.
stood that the readjustment will in.
volve the declaration Of stock divi.
dend.
Utah Securities Corporation reported
gain Of $40, 800 over September, 1921.
Net earnings were 1858 .320, an in.
crease Of $31. .435. Gross earnings for
the twelve months ended September 30
amounted to $4,000, ,242. n decline of
$15S. geo over the previous correspond.
Ing period. Net earnings were "a, 252,.
10, a gain Of S02.12
THE shipments Of anthracite for tn"
month Of October. ns reported TO the
Anthracite Bureau Of Information
amounted to 0,567 .92S tons. compared
Win D.StE,tSS tons during the CORE
spending month last year. an increase
OF $685. tons. This represents tho
largest October output since 1919. AL
companies. except Delaware and Hud
s0n. made gain over October. 1921.
Tho investment house which, offered
the Bahia bond issue in October an
nounces that 1t has Cancelled subscrip-
tions to the loan because the Braziliai
state could not make good OF the
preferential clause Of the contract
which undertook to secure this loan
ahead of all others outstanding or tC
come. 1t In advised that the Bahi,
state government hns withdrawn its
representatives. authority to further
negotiate.
AT special meeting Of stockholders
Of Julius Kayser & Co. it was voted
to amend the certificate Of incorporation
70 AZ to reduce the number Of au.
thorized shares from o57 800, consist
ing Of $4,000 shares first preferred
1900 shares second preferred, both $lM
par. 10000 shares no par preferred and
10000 shares no par common. II
22tI. 900 shares consisting Of 70. O.OOf
shares no par preferred and 10000
slinrCs no par cOnliIlVn.