Show v ii 1 I Local Bond and Sec Security Dealings J The Palmer Palmr Bond Dond and Mortgage company COl com pany this morn morning In was offering of oC Sevier county school district 6 5 per percent pel rent cent ent refunding bonds bond at a price to yield II 4 60 per per percent cent The he statement statement state state- ment of sit ler ler 8 Indicates that I It Is probably In ha cli the best condition B s 55 far fil as a outstanding Indebtedness Is IR concerned concerned concerned con con- of any alY other oIlier e section of the state stale Th The rh assessed c valuation h is II given as al 12 2 while the total bOI bonded In Indebtedness edness tren l Ii Is wl with will no ec floating Indebtedness gulch malice the tO of the county about tenths eight of 1 per cent of the tho valuation These are a dIrect obligation of the school district Includes entire county and are payable out cc an ad tax against all property within Ii mi county c TUB TOm bonds are due annually January 1 to 1037 Inclusive and annually an an- 1 lUJi to cc 1043 1040 sive Tj Tho company also aiso had hod a nev offering thU morning of hf Call Nevada Cornia company liens ISo In 1015 bonds arc ben of at 10 or a yIeld of per The operates In Ne- Ne sada and eastern 1 Tho common storks stocks of both lao tho Utah Utah- Idaho dalu and anit Amalgamated ugar companies compa nies continue to grow softer in the local market The r reason ason according to In Investment In- In vestment bankers and brokerage houses dealing In Investment securities i Is the softening tone caused by the agitation for an Investigation Investigation- of recent Increases In sugar prices The Amalgamated Sugar company's S per percent cent lye tive preferred Is also easier the quotations quota quota- thons being around as 55 compared with 17 bid a short while ago The boned have also eased off slightly but are steadier than the common and Preferred stocks clocks a Mutual Creamery common continues to be active several of the brokerage houses stating that there I U a scarcity of the he stock In the tho present market at atthe atthe the prices now noy prevailing The on an Francisco RaIlway Railway Rail RaIl- way company's earnIngs statement forthe for forthe the calendar year 1023 1523 shows a better twelve months in 1022 than Sloan In the preceding pre ceding year Gross Cross operating Income was slightly less lese than for the lie hog ng twelve hut but through lon tion of gross operating expenses a slight tan gala In lii surplus surplus' was effected There was wasa a 7 per rent cent preferred stork stock dividend of paid oaid during the year Increase In In- crease In revenue was Sas mainly sloe due to added productive acreage and additional grain and fruit warehouses Current assets were to 81 and current liabilities 63 The same name officers and directors director were overe reelected for the ensuing year the only echo change being this the election of W. W W. W Aydelotte as assistant treasurer reports Cyrus e Co 1 The annual report of the he Kelly company for the tha year ended December 31 11 1022 1122 shows net Income before federal taxes of as compared with a net loss of for forthe forthe the previous year The repOrt states that business for forthe forthe the year 1022 was the lie largest In the company's history Both Akron and Cumberland plants were operated at full schedule During the year various real estate holdings no longer required for i I tile the company's business were sold Upon satisfactory t terms roT 5 The company will this year begin c oJ amortization of the pew new Cumberland Cumber land plant which cost about and was paid for principally through sale salo of tile the year ten 8 S percent pr per cent notes note Tho ho trust agreement un- un dei which the notes were Issued provides pro provides pro pro- vides for retirement of 1000 par notes each year beginning Slay May 16 36 1021 and continuing to Stay May 15 1031 when the remaining will b bi i paid off at In tn addition to the note retirement preferred stock sinking provide for annual of 2 per cent of the C 6 per cent stock ot of there Is now outstanding and alliS 3 3 per cent of the 8 S per cent preferred stock of which there Is outstanding 5 The American Sugar Refining company for 10 1121 2 an operating of an operating lot lose of in 1021 After adding other Income of and deducting 1 for depreciation and 1 for Interest charge there thOre H. H balance of for or tOe the stork stock After payment of regu- regu regus is lar dividends on the preferred steak etoaL s there remained a equal to 1101 a share on the inc 1 outstanding In 1121 there was wass a deficit of before payment of dividend and a deficit of after payments j 5 |