Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-05-03
FINANCIAL BRIEFS

i FINANCIAL BRIEFS |
New York State stock transfer tax
during April amounted to 81 ,OO7, lO6,
the largest receipts since November,
1910.
American Stores Company has pur.
chased canning plant Of Joseph 3. An.
drews Company, at Hurlock, Md, and
will operate It for canning OF tomatoes.
The average price Of the twenty &C.
tive Industrial stocks advanced 20 per
cent yesterday to 93. "a, while the TWEEN.
ty railroads declined IL per cent to
Stockholders Of Standard Steel Cdr
| Company at special meeting approved
recommendation OF directors increas.
Ing ,1 capital M stock from 100000 to
Statement Of Salt Creek Producers'
Association, Inc., and subsidiaries az
Of December 81 shows total assets and
liabilities Of so, 780. .052 and profit and
loss surplus 300, 146.
The Tenth National Bank announces
that 100000 has been added to it's
surplus account out OF the earnings for
six months. A semi-annual dividend
of 4 per cent is declared. y
New York bank clearings yesterday
passed the billion dollar mark, with
total Of -$1.125, 500, 900, compared with
$027 ,433, 1898 a year ago. They set a
new high for 1922. On March / they
were 81 ,OOO. .72S 500.
Vacuum Oil Company reports for
year ended December 81 net profit Of
SO, 158. .588 after charges and Federal
tax, equal to $41 .O5 a share on $15,-
600, 900 capital stock, against SS,3S6,
7S3. or $55.01 a share in 1920.
directors Of the Yellow Cab Manufac.
turing Company at Chicago. decided to
double the company's outstanding "B'
stock, an increase of 1OO,O 900 shares.
The new stock would be offered to
stockholders at $50 share.
After charging off operating losses in.
ventory depreciation, unearned interest,
depreciation and maintenance charges
the Anaconda Copper Mining Company
last year had net deficit Of $16, 900.
555 to be met from profit and loss sur.
plus.
Subscription books for the So, 900, 4.
600 thirty-year per cent general and
refunding mortgage bonds of the Pacific
were closed today within few minutes
after the opening Of business. The
bonds were offered at 04, to yield $40
per cent.
|-Pennsylvania Coal and Coke Corpor.
alton for the year ended December 81
reports operating income S., j,OOS, $50
and net income $500. $50, after deduct
ing operating expenses and reserves
(but before deductins Federal taxes) !:
Production was 1850, $50 tons Of BIZ
luminous coal.
The Federal Farm Loan Board has
granted a charter to the First Joint
Stock Land Bank of New York cover.
ing the territory of New York and New
Jersey. The capital is $3.50, 900 and
surplus $4,000. The stock will be
distributed among farmers and bank
ers in the rural districts of New York
and New Jersey.
Net earnings of the Brooklyn Rapid
Transit Company from all sources after
taxes and rentals for March were $3.50, {.
341. compared with $75, ,44O for March.
1921, an increase of 364 per cent. For
the nine months ended March 81 the
system shows net of $2,O12.O41,
against a deficit of 1886. .34S for the
corresponding period year ago.
The assets of Canada Steamship
Lines. Ltd. at Montreal, have been
written down to present values by re.
duction In surplus Of approximately
50, ,OQO, 600, it was announced. The
surplus now stands at So, 600, 900. az
against Sc, SOC, 900 at the end Of 1920.
The cOmpany's voting trust has been
reorganized and the present trustees will
resign.
-Bradstreet's reports 104S CONNER. .
cial failures in the United States dur.
ing April involving S72, ,553, ,74O, com .
pared with 2317 insolvencies in March
with $57. .513. 500 liabilities, and 14lO
defaults in April, 1921, with liabilities
Of SOL .O4S, go. Failures for first four
months of 1922 totalcd 0O50 with liza :
bilities of $3O2, 1853 .S47. against 6343
setbacks in the same period of 1921 in.
volying .$273. .S16,3 Of liabilities. :
-Bayuk Bros, Incorporated. for the
three months ended March 81 report
net earning after deducting charges
for maintenance and repairs of
etc, of 1856, ,425. Other income Of
$17,511 brought total net income TO
S273.9 For depreciation there was
allowed $40, 1852. preferred dividends
S44. ITO and reserve for first preferred
stock $23, $50. leaving surplus for
the three, month period of $1S6,O54.
The American Hide and Leather
Company reports fort he first quarter Of
1922 u deficit Of SG'. 22l. in contrast to
a surplus of SPOT ,69l. or 81. 50 a share
on Its preferred stock in the last quarter
of 1921 and loss of Sl.2lO. .3S3 in
the first one of 1921. The figures for
the first quarter of 1922 do not include
$405, 900 received as extraordinary In.
come and representing insurance on its
burned plant. After crediting that
amount to income there is a surplus of
$471, 40. -
Report Of Anaconda Copper Minin,
Company for year ended December ri
shows deficit of $16,009,555 after in.
terest. taxes, depreciation and other
charges. This compares with surplus
in 1920 of $2,601 ,6s1. equivalent to
$1.15 share (par 500 earned on tho
outstanding S11G,5G2 800 capital stock.
The Brazilian Government loan Of
about 70 1000 900 will be offered in Lon.
don and New York within the next few
days. Gable adviccs state London nor.
tion. $1,000, 900 at ~ per cent, viii
be offered there tomorrow.
The American Machine and Foundry
Company will redeem on July all OF
Its first mortgage Z per cent serial gold
bonds by the payment of the principai
and interest. premium of 81. per cent.
Virginia Railway and Power Com.
pany for the year ended December 81.
shows surplus over fixed charges and
other charges Of $780, After de-
ducting S5O7, 73S to cover a G per cent
dividend to preferred stock, payablc in