Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-10-16
NEWS FOR INVESTORS

2..., 90 $751;. IS. &C.,. os9.
NEWS FOR INVESTORS
American Wholesale Corporation re-
ports September sales S2.764 ,OIS.
against $4,2I6.2 .240 in the same month
of 1921.
The G. r. Kinney Company, Inc,
for the six months ended June 30 re-
ports net income of Sj6S .O2J. after cx-
pcnsos and interest charges.
The average price of the twenty nc
tive industrials advanced O.S3 per cent
on Saturday to 1O3. AZ, while the twen-
ty railroads advanced O.i7 per cent to
03.26.
Payment of s915, 900 by Great Brit
ain as interest on debt incurred for
purchase Of silver from this country
in war has been reported TO the Treas
ury by Federal Reserve Bank of New
York.
The Texas and Pacific Railway has
applied for authority to issue $50. =
600 equipment trust certificates. The
proceeds will be used in the purchase
of 100 tank cars. sixteen locomotives
and one wrcCking train.
The Treasury's new Offering Of
5000 ,OOO. 900 of Az per cent thirty
year bonds has been oversubscrlbcd ap-
proximatcly 81 .00O, ,O0O. 900. it was an
nounccd Saturday by Secretary Mellon.
Books for cash offerings closed at noon
Saturday.
--Cynbned gross sales of Robert Reis
& Co. and subsidiaries for the quarter
ended September 80 We're 81 40. 2J0,
against 81 ,307 80 4 in the third quar-
ter Of 1921. Sales for the first nine
months increased approximately Is per
cent over 1921.
james lawson. OF Sault St". Marie,
Ont. vice president of the Lake Su :
p"rior Corporation, who retired from
the Board Of Directors at the recent
annual meeting. giving place To Frank
lin G.. Colby, has since been elected
treasurer OF the company, succeeding \.
y. Pinl;ac,.
During September Nipissing Mines
Company, Ltd. mined ore of estimated
value of slo4,240. 1t shipped 1jl ,Il7
fine ounces of silver of IN estimated
value OF S23j. 2ol The value of the
months silver production was G91s
cents an ounce. The amount of cobalt
produced total"d "a, 80 pounds.
The average value Of currcncinS OF
nine principal countries in exchange
for III" dollar is now a. per cont Of
par or more. according TO study of tluc.
tuati0ns during September by the Fed .
cral Reserve Board. The currcnclcs Ot
nine other principal countries average
below - per cent Of par value.
New issue of 81 $40 900 City Of Nor
folk, Va, direct obligation bonds is OF
frr"l for subscription by banking syn
dirnt" composed of Hayden, Stone &
q. 7
Compton Company and Brown Brother.
4 Co. Tho bonds are offered at price.
yielding from 40 TO 80 pcr cent.
"A syndicate, composed of Harris
j Forbes & Co.. l.. II. Rollins & Sons
the National City Company and Cotiir
& Burr, Inc. is Offering $40. .OOO, ,OOi
Southern California Edison Compan,
general and rcfundtng mortgage 3 pc
cent gold bonds, due February |, 1914
at - and interest, yielding about ). Il
per cent.
The Westinghouse Electric and Man
ufacturing Company has received or
dcrs for 5000. OO0 worth OF electric 10
comotyes, five for New York. Ne,
Haven and Hartford and four for Nor
folk and Western. There arc now To-
Westinghouse locomotives on the Ney
Haven and twelve on Norfolk AM
Western.
--F For the nine months ended Septcm
Der 80. Western Union Telegraph re
ports estimated net income of 50, ,i53,
Us, after charges and Federal taxes
equivalent to 50. Al share enrned O
III" 800, 7S6.727 capital stock. Thl
compares with net income Of S6,279
500. or SG.79 a share. in the CORE
spending period OF 1921.
The feature Of the Central Europca
exchanges today on nominal figures wa
Il drop Of 20 points in Greek to 2.4-
C2rcho Slovnklan was down pointt
Otherwise, th"r" were no chnngcs. QUO
tnt!ons were: bulgarian. 80; Rumani
an. So Serbian, ! 60: Czecho- Slovaki
an. 3.35: Jugo- -Slavian, 40: polisi
.Ol0O: Finnish. 2.3O; Austrian, .OOl4
. Hungarian. .OO04 Is.
The Western Union Telegraph Com
pany for the nine months ended Sep
tnmber 80 reports net income Of so,
( 4J4 OBS. after interest charges, con
trnsted with S6.7S5 800 for the CORE
spending nine months of the prpcedn
year. It's gross revenues. including div
dcnds and interest. tOtnlcd SIS, ,6J6,
563, compared with SO, ,OSO, 923 yea
ago.
IA report to the car service divisio
of the American Railway Associatio
shows that on October | there wcI
- ,029 fewer cars needing repairs tina
on July !, when the strike began. O
October 1 the total number Of cars |
need Of repairs was POI ,654, or IL
per cent Of the cars on line, decreas
OF IL ,S94 cars, compared with the nun
} Der in need Of repairs on September /,
when the total was 304, ,54S, or 13
percent.
. Thomas X. Glenn, a member OF II
organizing committee, announced tn,
holding company had been formed
, retain control of the Coca Cola Con
= pany, n SO, 900, 900 corporation. ri
, new company will be composed Of rel
resentatives OF Southern interests cor
trolling more than $50. 900 Of the 800
600 shares of the company's stock. ri
q stock will be exchanged for voting tru
certificates held by Coca Cola stool
holders on an even basis.