Salt Lake Telegram | 1926-01-28 | Page 10 | Wall Street Briefs

t Walt Wall Street Briefs NEW YORK TORE Jan 28 AP The AP-The The Mil Milwaukee waukee Electric Railway and Light company one of the She larger subsidiaries of tIle the North American company wilt will reduce Its funded debt by on February I 1 by payments of Its dated first mortgage bonds due on that date The maturity will be met wIth out the issuance of new bonds the cask cash required being d by the Issuance and sate sale of additional Cora caM moo mon stock local sales of preferred stock and ana to such euch extent as necessary by coils advances by the lile North American com m pan pany Directors of the Public Service corporation corpo ration of New have coiled called for payment pay pay- mont ment on April 1 of the remaining H. H 3 general mortgage fi S per cent sinking fund year fifty gold bonds dua October 3 1 1 1559 59 at land nd accrued in In- In terest The original Issue was The annual report of the Atlas Pow Paw des der company for 1925 showed net income of equal after preferred divi dende to a share shara on the common compared with In 1924 or or a share Sales reached Increase of an more than over 1924 Cash balance of was the largest In the company's hl his tory Current assets asset of were more than ten times current liabilities Prompt was repast repast- c l today for the Issue of general mortgage 6 S per cent bonds of the Baltimore Ohio railroad and the 10 Issue of refunding 6 per cent de oe bonds of the Cities service coIn coIn- pun pany Prices Price of Iron and steel scrap have lie to 50 60 cents a ton In t th e Chicago district quotations now rangIng ranging rang rang- Ing from 1460 to 5 and tn In some In Instances In stances 1425 the lowest In a yeas Body corporation reports not et profit of for or 1925 utter after and federal taxes equal after preferred dividends dividend to a share on the coon coro- non mon stock against or a ashare ashare share the year before For the seventh consecutive month a decrease In the number of stockholders stockholders' of the railroad Pennsylvania railroad la is report report- ed The total on January 1 was against on December 1