Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-09-11
NEWS FOR INVESTORS
United Verde Extension August out
VT totaled $3.50, ,934 pounds OF cop

put totaled 3,.JO ,oo4 POUNDS OF top-
per.
-Buenos Aires advices state the Ar
gcntine Government has labeled o!.!
authorizing a new Argentine loan OF
ST., ,0D0. 900.
-rroduction of gold at the Rand in
August was 1J2. 400 fine ounces. COM
rarcd with 30. .C3J in July and III,
596 fine ounces in August, 1871.
The Georgia Southern and Florida
HALLWAY Company reports for the year
ended december 81 a deficit OF S4I5.-
Isl after taxes and charges. against
4 deficit Of S31O.I24 in 1920.
The average price OF the twenty ac-
tive industrial stocks advanced 0, iG per
cent on Saturday to 10l l.6S, and IN:
twenty railroads in advancing O.3t ne:
cent made Il new high for the year
at 93 $.
Net earnings Of the Skelly Oil Con-.
pany IN July were SjN9.26t before de-
yirtion and I"pi"c!ation., tn" con-
pany's net production in July averaged
l1.122 barrels daily after all royalty
and partnership payments.
The General Petroleum Corporation
for tho year ended Juno 80 shows sur.
rluS of s. 90. :5G0 after interest. de-
idction. depreciation, Federal taxes,
,tc. This compares with surplus Of
81. 1>I.;I46 tho previous year.
A company with an issue Of $500. 900
per cent participating first mortgage
dnbcnturr -,a"f j. to be formed (" pro-
vide .lp British t"i!uloSe and themi-
cal Manufacturing Company, Ltd.
London. with further funds. The COM
pany manutarturcs artificial s!Ik and
chemicals.
Figure, compiled By the American
bankers Association show one person
out OF every three in the uitCd States
L. saving money. Th" average IS one
saving account for every family in the
country. The total wealth represented
i about oue.rhird OF all bank resources
Of the nation.
The s.. Paul Mimi City Railway
Company reports an operating deh'it
Of $40. los. in July, notwithstanding
the company Is now charging six
cent fare The St. Paul Gas Light
Company is seeking higher rate and
Is willing the city should examine IT'S
accounts to prove the company 5 right
10 an increase.
told mn or,s into England during the
with t-%%I. lHl in tho week preceding.
and tG>I.TOl two N"oE> ago. OF last
weeks lmuo.t, :'Ii2 came froa
South Africa. 81. 9Ol from Hungary.
I'll .2G2 from ErItish West Africa. Gold
exports last week were tNlS,O'3. The
United state, took fSO6,6SS.
The Railway AZ" says: The Amer
lean Car and Foundry Company has
received an order for 100 tank cars
of fifty tons capacity from the Texas
and Pacific Railroad and n contract for
repairs 70 1000 box cars and 1000 gon-
dola cars from the New York Central
and Of 1000 box cars from the Cleve.
land. Cincinnati, Chicago and st.
Louis.
Bond transactions were unusually
light last week. Nevertheless, there
was an intcrcstnnC price movement and
mo.t groups developed an upward
trend Liberty loans rallied from Il
reaction in the previous week, and, al
though gains We're slight, they reflected
the opinion that the outcome Of the
soldiers bonus project will not affect
bond prices adversely.
The curbs exchange admitted B.
Kuppenheimer & Co.. Inc, per cent
cumulative preferred stock, when, as
and II issued and common stock, when
ns and il issued. TranaaCtions in
the cumulative preferred shall be fat.
Mcnamara Crescent Development cap
iral stock, Of n par value Of % cents,
was also admitted to dealings.
dividends at the rate Of 10 per cent
having been paid out Of reserve for the
first six months Of this year to the
shareholders of rhe Osaka Shosen
Kaisha. at Kobe. Japan, one Of the
largest of the JapancE" steamship lines,
they have been warned by kcijiro IIori
president nt the company, that, failing
a revival Of trade. at best they can
only depend upon a small return for
the remainder of the year.
New Treasury certificates, dated Sep.
tember - and bearing interest at 3ai
per cent are offered for subscription
bv Secretary Mellon, The issue will bt
for about 5000 900 900, will be payabl,
September 10. 1923. and carries the
usual tax exemptions. Treasury GER.
tiiicatcs maturing September II, anC
also Series D, 1922, maturing October
1G, will be accepted in payment of thu
new OBLIGATIONS.
"A new issue Of 81 100000 city o
Clevel land, O.. school district AZ pc
cent bonds is being offered by a syndi
cate composed OF the Bankers Trus
Company, the Guaranty Company o
New York, Dillon, Read & Co. VII
liam II. Compton Company and Han
nahs, Ballin & Lee. The bonds matur
from 1923 to 1912, inclusive, and ar
being offered at prices to yield fror
2.T5 per cent 10 4.25 per cent,
During the first seven months Of tn
present year the railroads of the coun
try, according to Association Of Rail
cars. or %, 1853 more than for tn
corresponding period Of 1921. OF tn
total number ordered. IL, 405 we're Goa
cars, of which 12, ,230 were delivere
and placed in service prior to August
The number of refrigerator cars ordere
was e42S, compared WITH 1856 in tn
] same period last year.