Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-05-12
IT .NHW ] OTN StOCN TtVNdNIp.
t change made by comparison with last
PUIIADEI.PHIAB BONDS
FINANCIAL BRIEFS

H. j. Heinz Company has called for
redemption on June !. all out standing
Ten year per cent notes du" November
|. 1890. at l04l2 and interest,
-WrigH Acronnutical Corpora ion r"-
ports for quarter ended Mar"l. 81. net
earnings Sl7",11S after tnN. which
includes income frnm investments.
The average price Of the twenty ac-
tive industrial >torkS declined 0.OS per
cent yesterday to 81 80. while the
twenty railroads declined O.Ol per cent
TO S3.ln
Minority stockholders of III" Empire
Steel and Iron Company. which was
recently taken over by iii" Replog!c
Steel Company are organizing TO OPP
pose the consolidation.
Illinois Cen;ral's loadngs. FIRST eight
days May. increase 14.1i per cent. st.
Paul's loadings. first six days May.
81 .334. against 2G.92j year ago. Tcrre
fIaute loadngs, S5S, against 1893.
Net incom" Of the Union Pacific
Railroad Company from all sources
during the year 1921 amounted TO S3l.-
3Ol ,075. a decrease Of 81 ,3TI3. lIG from
the previous year. according to the de-
tailed report issued today
The Steel and Tube Company of
America for YEAR ended December 81.
reports net loss Of So - 30 after
taxes, interest. depreciation and shrink
age of or" Inventories. This compares
with net income Of $6,3lj. .209 in 1870.
The Cerro de l'aSrn Company : cOp-
per production in April was i,s3O 900
pounds, according to the rompany's
monthly report. made public yesterday
In March tho company produced 4.In2.
coo pounds and in February l,SGS 900.
Representatives Of BOLIVIA are ncgo-
tia,ing with New York bankers for
loan Of S24 600, 900 IN the hus, Of an
per cent twenty tive year security
which Will be r"tundlng and Will b. So.
cured by lien on III" government rail-
road.
The .Iugo.Slav Government has ar-
cepted conditions of an American bank
ing syndicate for a loan of SlOO, 900.
900 AZ y per cent interest. issued at
50. The money will be used 10 i'm
prove communications. including new
line TO Adriatic ports.
The Public Utility Commissions. Of
New Jersey, today sanctioned iseu" I'll
S"''O,Wo per cent cumulative non
'oling preferred stock b, tn" ArIanli"
city Electric Company. The proceeds
will be devoted 10 reimbursement for
improvements
Sales Of the Met nrOrv stores COrpor-
alton for the month of Anril were 81 =
3sG.224, compared with 81 ,UI3.HIS the
same month last year. Sales for the
year 10 date have aggregated ST ,G27. :
2i!', an increase Of l2.vT ucr cent over
sales in the corresponding period in
1921
Sears Ro"bUch and MONTGOMERY
! Ward borh showed deficits for 1921 the
result both Of smaller business and
necessity for selling merchandise nt
prices which did not yield II profit
/ United Cigar Stores. with showing of
| $ll .52 n share in 1921 reported small.
est share earnings since 1917.
-NotwithStanding continued lnlcrrup.
ton Of gold exports from Grent Rritniu
on account of the Rand STRIFE and Iii.
, expressions by many economists Of t'"
necessity OF rcdistributing part Of the
gold holdings OF the United States. the
gold stock cont inucd to gain in April,
amounting to Sl6. 14S. .O45 and brinelno
total gold holdings to S3.7G6, ,7G5. .5Si, f.
new high record.
The recent offering Of S75, 600. 600 oi
Az per cent farm loan bonds by Fed .
eral Land Banks has been largely over
subscribed, 1t was announced by Com
missioner Lobdell OF Farm Loan Board
The banks, he STATED, had sold addi-
4 tionsl ~. .O00, 900 Of honda. substan
TALLY al Of which will BE- used 10 refire
\ 4 ~ c4Ht Tt6eral Land Hank bond
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