Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-10-23
NeLUs for Investors

The average price Of the twenty
active industrials declined 0.O8 per cent
on Saturday to 1O1 .05. while the twenty
railroads advanced OH per cent t.
90. As.
Loans to railroads by the Fedora
Government in the first seventeen days
of October amounted to S037, 900, max
ing the total for the fiscal year to date
Dillon, Read & Co. are Offering SO.
554 900 City of Ottawa, Ont, 51a pei
cent serial gold bonds. dated July l.
1922. due. serially July I, 1023-52 n,
prices to yield from 8 per cent to 5.2C
per cent. according to maturity.
Stockholders Of the Pennsylvania
Coal and Coke Corporation, at n special
meeting called for December 81, will
vote on % proposition to increase the
authorized capital stock from $500. =
coo. consisting Of $50. 900 shares, par
value $50. to $12, ,000,0
Last weeks gold imports into Eng.
land were 5000, 500, or close to the
f001 81 Of the last week of Scptem-
Transvnal strike. OF these imports,
1888 .78S came from South Africn. Gold
exports of the week were fl .371 ,O54,
of which fl ,O9O,324 was consigned to
the United States and f270,575 to
India.
In the first seventeen days of Octo-
ber. Treasury purchases of Government
obligations for sinking fund accounts
totaled S34,S17 300. to compare with
S42 2.526 $50 for the whole month of
September. Sinking fund purchases for
the current fiscal year, to October II,
t0taled $S1,2S3 600. compared with
Sl24 .OS5 900 for the corresponding Pc
riod last year.
Texas Gulf Sulphur Company re.
ports net earnings for the third quarter
81 ,075, ,46S, against $S71, ,773 in the
second quarter. Earnings for the first
nine months of 1922 totaled $2.752, :
3%e and more than cover the 81 annual
dividend on 635, 900 shares of stock.
Total surplus, including reserve for de-
pletion, on September 80, was 50, 45U, =
go.
Federal Reserve Banks have been
authorized by Secretary Mellon to re-
deem in cash, beginning today. and be-
fore December 10, Treasury certificates
of Indebtedness of series +. D. 1929,
dated December Is, 1921, and series
H.. ID. 21922. dated June /, 1922. and
both maturing December 10 next Re-
demption will be at par and accrued in
terest to date of redemption.
-Blyth, Witter & Co. and II. NJ. Byl.
lesby & Co. have purchased 81, 900 600
Western States Gas and Electric Com
pany Of California fifteen year gold 9
per cent notes, series a." due Octo-
Der /, 1887. which will be offered soon,
The issue is to provide funds for ex
tensions to the property and the re.
demption of $2.66S. 600 ten year @ per
cent gold notes and 81 ,100, 900 five year
61a per cent collateral trust notes.
The List Committee of the PhiIo-
dclphia Stock Exchange rules that there
will be no deliveries of odd lots OF
Otto Eisenlohr & Bros. common stock
until the certificates are ready for de-
livery by the Commercial Prust Com.
pany. This action was found neces-
sary because of the recent unusually
active trading in the shares. The sun.
ply of certificates has. been largely used
up. and n week or ten days will be re-
quired to print others.
Both in quantity and value, locomo-
tive exports in August We're the largest
OF any month this year with the single
exception Of January. although they
were below year ago. August shin.
ments totaled fifty-thr engines. val.
ued at 81 ,52S, ,47S, to compare with
sixty-six engines. valued AT 50 334,-
737. In August, 1921. Shipments in.
cluded twenty engines valued Mt
$572. $40 to Canada; nine engines ynI-
ued ut $4O5, 900 to Argentina and eight
cen engines valued at $3.50, 100 to
Brazil,