The Washington times., 1922-03-15
ISSUES ANALYzED
By W, COUSINS,
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tcGpyrisht. 1874. ~ csSmepelitsn Nsws
II ssrvios.)s
NEw4YohK. March 1s-canadian
Pac4fic has moved up from 100 to lac
IN . period OF les than three mouths.
Its forthcoming annual report will
show net earnings after tax and
IApsectatiQn, Il oyer $1a. o0o. 900.
equal TO $f1.S1 per share on its $780,
000. 900 Of outstanding common
1920.
Consolidated Gas made q new high
at 1854 and Brooklyn Union Gas
added to its recent gain on q turn
over for these ordinarily inactive
stocks. It II evident that the public
utility shares have not yet fully dis
counted the recent decision of the
United States Supreme Court declar-
ing confiscatory the action Of local
courts IN price fixing.
Since striking its low spot Just
below rs about three weeks ago.
Atlantic Gulf and West Indies has
advanced steadily beyond 81 and 10
now selling at q new high on this
movement. This company Els in a
provement Of the oil situation in
Mexico and In the shipping trade to
the southern, ports. In some quart
ers II II said that the company has
81 In quick assets for every 81 in
outstanding liabilities. Tho short In
terest In this stock has been heavy
and their covering movements have
hastened the advance.
Sweeping advices were made in
all four stocks Of the Market Street
Railway Company (San Franciscoj.
The prior preferred stock broke into
new ground at 20, compared witt.
the January low Of IS; the first pre-
ferred 46, UP from II. q few weeks
ago; the second. preferred ~, and
the common stock 10Z, a. compared
with 6k. The rise in these stocls
has eclipsed the activities In other
sections Of the market for the past
ten days.
The utilities common of the San
Francisco board Of supervisors Il
considering tho advisability Of pur-
Fchasing the property. at the sug-
sEssted basis Of so, 900. the valua.
ton made last year by the city en-
gineer. Should the city take over
the property It is'proposed to retire
$4,000. 900 Of ~ and 8 per cent
bonds. -,
q An explanation, Tor the recent rise
IN the common and preferred stock
Eof Famous Piayefs.IAsky II to b.
seen in it's, annual statement. pub.
lished today. Net operating profits
for 1891 were 34.ses, 40. leaving
119.m available for, dividends on
the common after the regular 8 per
cent disbursement on; the preferred.
The company has the tidy sum of
$38.sse.22s to be carried over to sur.
Plus. yr.'
Colorado Fuel and Iron was only
slightly depressed by the publication
Of Its report for 1921, showing
deficit Of 32,731,172 a. compared with
q surplus Of $S9.s11 in 1890. Sales
Of iron apd steel during the first
part Of this year have been satisfac-
tory; the operating properties have
been greatly improved and are In far
better condition than ever before.
| The gross sales Of Electric Storage
Hattery for January and February
were about 30 per cent ahead Of
year. ago. This Ia due In part to the
iAcreased number of Nautofnobiles be-
Ing manufactured, though. demand
Tor. batteries for cofnmefcisl pur-
.p1Ses also showed c6nside EAble In.
6fSass. Three Of the most popular
Pears s,tudehaker Ford Ind Buick
use this compAny's producs.f Since.
Ford 1nstalled the batfsfyf system In
htsi cars two yesrs AGO be has becn
ons cf this firms latetst customtis.
thafs this item 6nrinx,ltne first two