Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-15
Financial Briefs

Schultz Retail Stores Corporation
81 .871 .512 in 1921.
Mohawk Mining Company in March
produced ,252. .492 pounds Of copper
and Wolverine Copper Mining Company
337, ,S76 pounds.
The average price Of twenty active in.
dustrial stocks on Thursday was OH
per cent higher at 92.4S, while twenty
railroads gained 0.3S per cent at So. 40.
Secretary Mellon extended from April
Is to May 15 the authority granted to
Federal Reserve Banks to redeem at
par and accrued interest 4s4 per cent
amount mount of sioo, ,o6o. s 600. 600 "A s"''
Otis Elevator Company reports for
three months ended March 81 net earn.
ings after depreciation S9O5 .S06. De.
duction of 500 900 for Federal tax re.
quirement and $25 900 reserve for pen.
sion fund leaves total $3.50, 500.
The Detroit Edison Company in its
report for the first three months ended
March 81. 1922, shows net earnings
of 81. .2ss, 1885,, ON increase Of q per
cent. compared with the same period
of 1921.
The Central Vermont Railroad ap.
piled today to the Interstate Commerce
/ y
sell 1928 900 in equipment trust securi.
ties with which it will purchase rolling
stock.
limited Gas Improvement Company
will not subscribe to its portion Of s
per cent cumulative preferred stock OF
Public Service Corporation Of New Jer-
sey, having re'inquished to banks its
right to subscribe to So. 900 900 Of issue.
--Cassatt & Co. have bought from.
the War Finance Corporation S181 200
Chicago and Western Indiana Railroad
Company equipment trust 6s: S213. 200
Rutland Railroad Company equipment
trust Us. Both issues are due from
1923 to 1885, inclusive.
Atlantic Refining Company, year end
ed December 81. loss So, TAO, 261. after
reserve $1O.526,974 for depreciation,
depletion, insurance reserve and ad-
justment Of inventory. This compares
with net profit after taxes in 1920 Of
Sl1 ,047 900.
Arrangements have been made by the
Brooklyn Edison Company. Inc, to
shortly offer to it's stockholders at 100.
$4,000, 900 new stocks. Proceeds will
reimburse the company for outlays
already made for additions to it's plants
and facilities. and will provide for fur
ther developments Of this character in
the near future.
Western Union Telegraph Company
for the quarter ended March 81, (partiy
estimatedD. reports net income OF So
102, $50, after charges and taxes, equiv
alent to $2.lO a share earned on the
500, 1S6, ,727 outstanding capital stock.
This compares with 80, 7O4. .964, or
S9.72 n share. IN the preceding quar-
ter. and 81 ,S6S ,04S, OF Sl.S7 a share,
in the, corresponding quarter Of 1921.
Stockholders Of the American For
eign Trade Corporation, which is af-
tiliated with Tobacco Products Corpor.
alton, Mt special meeting approved plan
TO reduce authorized common from $50.
600 900 to 50, 900, 900 by changing par
from 500 to SO, There are l94, All
shares outstanding. There was no
change in authorized preferred of So
0OO, 900, Outstanding preferred amounts
to 81 .362 600.
Reports received by the car service
division of the American Railway Az.
socation show that S2T,Oll were
loaded. with revenue freight onS Amcri.
can railroads during the week ended
April l, compared with $40 ,O35 dur.
Ing the previous week. or a decrease
Of l9,02A ears. This was, however.
163 $40 cars in excess of the total for
the corresponding week last year Sut
81 $40 below that for the correspond.
ing week in 1920.