Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-10-04

Market Street 1..... g9ss &c.. 107
Fly a list So, So Now Sv o5.& o y NJ. TX ~ " q
b..... s9X TO-. 81 o..... %
NEWS FOR INVESTORS
Illinois Centrals September loadings
were 1ol .SO7 cars. against 1922 the
previous month and 15G.0I1 year ago.
The United States has made rcprc.
sentations to 1tumania with regard to
the S4l 100000 Rumanian debt to this
Government.
The average price Of the twenty ac-
i've lndustriaiS advanced 10 per cent
yesterday to $3.50, while the twenty
railroads advanced l.2O per cent TO
81 90.
The American Telephone and Telc-
graph Company has advanced the price
OF stock to its employees from S11O TO
Sll5 per share. The new price became
effective October l.
The American Telephone and Tele.
graph Company has advanced the price
of stock to its employees from S11O to
S115 per share. The new price became
effective October !.
The Colonial Trust Company has
commenced work on its enlarged bank.
ing quarters. Comparative statement
issued shows resources Of S9.O13 900.
which Is an increase OF SS95, 900 over
1921.
--Ihe Ajax Rubber Company in its
report for the six months ended June
~ shows net profit of S101 .536, after
taxes. depreciation and interest charges.
This is the equivalent Of 40 cents a
share on the capital stock of no par
value.
business failures in the United States
in the third quarter of 1922 were the
smallest of any quarter this wear. nc.
cording to the record compiled BY Dun's
Review. Preliminary figures show 5O27
suspensions, with liabilities of SIG.
73O. .431.
-Blyth, Witter & Co. have under.
written and are Offering an issue of
5000, 600 Southern California Gas
Company first and refunding mortgage
Dig per cent series "B" gold bonds.
due September |. 1852. Mt 9Sla and
interest. 10 yield about s go per cent.
An issue of 81 800 900 American Gas
and Electric Company @ per cent gold
debenture bonds lAmericau scricsI is
offered 1t par and interest by Bonbright
\ Co.. Inc, and the Electric Bond
and Share Company. The bonds arc
due May I. 20l4.
Pennsylvania Fire Insurance Com.
pnny stockholders voted to increase the
capital stock Of the company from
500, 200 to Sl.O0O,O0O. The sum Of
$25O, 900 will be transferred from sur.
plus tn capital account and the new
shares issued TO present ckholdcrs on
the basis of one share for each threc
shares now held.
a reduction of $500, 900 900 in the
public debt during September was an
nounced by the Treasury. The debt on
September 30 was 500 $40, 4O7, ,7oI
compared with S23 ,042,7 1856 ,o34 on Au-
gust 81, the reduction having been
brought about by sinking fund opera
tions and maturity of outstanding
Treasury certificates in excess of tho
amount issued.
Loft. inc. for tho six months endcl
June 80, 1922, reports not sales of 81.
OPT 71%%3. against SO, ia, ,47G in the ssme
period last year. Net Profits. after
charges but before depreciation and
Federal taxes. were S1A2 sol. or c1u!v-
nent TO Us cents n share on the $50.
900 shares OF capital stock outstanding.
In the first half Of last year net profits
were S3'3 ,3""3 or II cents share.
Final steps in the adjudication Of tho
affairs Of the l.ocomobile Company of
America, preliminary to its formal sale
70 W. r. Durant. were begun with FL
ing IN the Bankruptcy Court at Bridge.
port, Conn.,. Of II schedule Of Assets md
liabilities Of the company. The assets
are estimated nt SO. l@0. 200 and l!abili-
ties Il $5,9ON, 1871. There ar" 900 cred.
it0rs.
Air Reduction Company. Inc, nm
bounced today that it hns romplptnd
plans to double the cupnrity of its
plants ~ Buffalo and Minnrapolls.
Contracts have been let and the work
IS now in progress. II was also dctin-
ltrly announced that these additions. n
welt rs the new plants at Milwaukee,
Pittsburgh and Birmingham. would be
paid for ont of current funds SO that
no financing viii be necessary.
August earnings Of the ST. l.oIus.Sa
Francisco system clearly reflect the
adverse railroad conditions in that ter
ritory during III" Goa strike. the shon
strike and the july | rate cut. Gross
of S8,Gls,S3A was Sligo 100 less thnn
In the same month last year and S49.,.
36l less han for July. Bnlunrc nppll.
cable to interest. S1OS ,O7O, was ST.
Sl2,266 less than August, 1921, and
$500, ,022 less than July, l92"
The Haidw IN Locomotive Works
booked Sll, ,i3,,li7 in new business
during September, which compares with
81, ,3i2 pnt on in August. Total
business booked from January to
September 30 was Si4 ,S20,T5S New
business in the third quarter of the wear
amounted to S33 ,002, OF. which was
nearly three times aS great MS the bust.
ness received in I'll" first half of the
year, WI h amounted to Sll ,S2+ ,GS7.
The declaration of n stock dividend
Of 100 per cent is contemplated by the
STANDARD OH Company Of California.
according 10 an annnunccmcnt mudr by
the company AZ san Francisco. Ac.
cordimg /" plans the dividend will be
paid December 80 to stockholders Of
record December ., Tho company is
enabled to make this dividend, il is said.
largely because Of recent rich discoveries
of oil i'm its Tupman Elk Hills ond