Every evening, Wilmington daily commercial., 1920-09-06
FINANCIAL NOTES.

The S4.O0O.0O0 Seaboard Air Line Railroad
Company per cent notes due September
70. viii be met to the extent of IS per cent
IN cash provided through loan Of Federal
funds. and - per cent in extended notes
running three years at per cent
stockholders of the Sinclair ConsOlidate ted
OIL Corporation now number 20 600 accord
inE 10 A. =. johnson q Co. Of New YORK
who state that the company has used more
tion Of new properties. securing additional
pipe lines enlarging its plants and transpor-
tation farilitIes and the establishment of
stations IN Mexico. Cuba and along the
Atlantic coast for the purpose Of handling
fuel oil
Securities generally and in the aggregate
have made substantial recovery INT are
SIN very much fellow the prices and average.
level whlci. they held year 1go. Further
adVanCt - prOha he
The plan for separation of the ant1ra-
cite properties of the Della ware. Ilaclsawanna
and Western Railroad Company is reported
70 involve also recapittilization of the rail-
road. the whole operation proposing issue OF
three shares. presumably t"O rairaad and
on" ne. coal, IN place of each share of the
present stock tie last sale Of WHICH was al
325c. par being sc per share
cotton Is still higher than a year ago but
Wool IS quoted al p cents per pound to com
par with 30. print cloths at H. cents per
yard. against 20 hides at 81 cents aqainst
43 per pound rubber al 20 as.ainst 4G and
sllA az SD, against s. % Ter mound
The Mckinney Cold Placers Inc with
I'll. l.1O.oOt capital tas jus; been incor-
po~atad 10 consolidate into ore company
the gold-producing properties in the Valdez
creek district OF Alaska
he crop report Of the American steel
ana Wire Company says Corn has made
rapid recovery from drought. and if f,osts
hold of until y can mature. all earlier esti-
mates will be equaled or eScelled. Fall plow-
ing CONTINUES under favorable conditions
potatoes generally very coed tobacco
good Eic' harvest still impcded bv rain
but crop Is good. Rain has caused seriCns
damage TO Texas cotton but tn, cron II,
general though uneven is in fairly good
shape lu spite Of unfayorable weather and
Hhile the number of August defaults as
reporter 10 X q. Dun Co, falls slightly
below the July total, 673 against 6Sl the
hafiiltles are about $500 600 larger S2s-
t42.S9J "CntrastiT2 with SZi 9O6 fi2 and
last month : Igures. both numerically and
otrerwise. sharply exceed those Of August,
Az oil and gasoline production records
were broken an July. With consumption still
sXceetins output. That August win wffn ness
= further increase in output is Indicated
by reports showing 2.Ei2 new wells COM
pleIed or 7s7 more than in Jolly
Without the stimulus Of General business
revival says Dun Review. confidence
has increased and the future is more IA
NOrably regarded Sentiment is euseentiF,ie
O. .tuicl hucfua ton in the present readinsf-
ment D"riOd. being responsive - day-to-dav
deSelqpments but the fundamentaI situa-
tl"u haS been strenR thened by the price
yielding and 'hc Improvement in trans
por'aiion and some basis for the better
feeling exists. While commercial reyerses
remain az the higher level recently establish
ed. a. The August failures attest. there is
ar ahScnC' Of the serious dnsettlement OF
yineh eom' Deof'lc he'd been apprehonsive
and the OutiOot secTns more rea ssUring as
The w"at spots are steadily reduced
That representative list Of wholesale
advances for sixteen consecutive weeks af-
fOrds plain evidence Of the downward course
OF primary markets. but the reduc tions
have not yet been fully reflected in con
Stunning channels.
AZ ism 1 lost. classified ad viii find it for