Every evening, Wilmington daily commercial., 1920-09-11
FINANCIAL NOTES.

Steel masters admit q more than per
ceptihlc halt In the iron and steel trade. but
they are not clear In their minds as tc
whether this Is merely transition until thu
effect of freight rate increases is seen. or
wi"'n'r ~ - tno u. p'siIiihs ~, =, ,Iuhhip ln
struck other Industries.
torcign trade of the Union OF South
Africa reached 1918 ,ooo. 900 for last year. to
compare with 1873 .oOo, 900 in 1918 and s5S3
oe0boo for 1919. or just before the war.
Under the general plan for electrification
~ T. proposed that .3a2 kilometers of line
shall he electrined at once and subsequently,
other groups to a total OF ,a4a kiometers,
Lee, Hisginson n Co. Of New York, fiscal
AFcnts OF switzerland. are authorized TO de-
ny rumors Of Swiss loan In America and
state that the swiss government win not
attempt to issue any more external loans in
this country during 1920.
Canada brought from tho United States
goods 90 the value OF $50. 600 900 in the
year ending March 81. 1920. and sold to the
United states goods TO the value OF s464 :
Oou.ooo
Motortruck service as auxiliary and sup
Elementary 10 railroad freight service is
destined Go assume larger and larger pro-
portions In this country. increasing hand in
hand with better roads. This means a great
and valuable permanent business for the
motor industry
standard on group companies pay s2e.-
6os ,555 IN dividends for the third quarter
OF this year. TO compare with <27 ,273, 900 for
the same period last year. and so more than
IN any perNious quarter. except the second
IN 1910. when the distributions totaied s3o-
400. 900.
Money in circulation in the United States
September is officially stated 60 have total
cd to.2l2.oSl 600, equal as figured. TO
sa1.ss per capita, There was an increase of
sales asgrcssting SO 500 900 are reported
by the United Cigar stores for August. a
sAin OF q per cent over same period last
gain OF more than 20 per cent.
United States Rubber Company reports
for six months ended June surplus. after
federal taxcs. s13, coo. 900. equal after pre-
fcrrsd dividends. 20 Sl36S share on COM
mon, against s2S.oi share in corresponding
period last wear.
Unified orders on the books OF the United
states steel Corporation 81 the end of An-
gust. as reported yesterday st 10 SOS OBS
tons show a decrease for the nrst tirae in A
number OF months. being less by 3i3.s3o
tons than at the end Of July.
steel ingot production last month by
cent OF the output for the country reached
s.uep.aS2 tons, an increase OF l97 .bl4
tons over that for July.
British government holdings OF raw wool
on June 20 totaled 2,ao5 ,a54 bales. Reports
or seni-oficial nature show l25.0N0 tons of
raw wool ~ Areentinz. 800 600 bales IN
30 eco 600 pounds in Uruguay.
tnconfrmed reports are that group OF
turing interests cSatemplate formation OF a
Company 70 acQnf the Hog lslandlproperty
and Go finance the purchase through an
issue OF s2o,ooo.cuO "a per cent ohliga-
A reduction OF 2l cents per pound in the
price OF sugar, 10 is CENTS per pound granu-
lated, was announced by the National Sugar
Refining Company yesterday. A few days
ago Arhuckle Brothers and the Federal
sugar Refining Company made similar re-
ouctlon.
There we're admitted yesterday to the reg
uihr list Of the Philadelphia exchange xS.-
Tas $50 additional William Cramp & Sons
ship and Engine Building Company voting
trust certificates. making total listed SI4.-
sae $50. This represents the STOCK divi-
dend.
The lels-2O Porto Rico sugar crop was
ass ss25 tons. compared with 3o2, ,6ls tons
for the ieiS-ie season.
The United States Department OF Agri-
culture gives composite condition OF all
crops on September ] as per cent above
their ten-ycar average on that date. IL
per cent higher than August ] and ~ per
cent higher than final yields last year. Total
acreage under cultivation was given at 5.4
per cent less than last year.
Railway deficit of about S272. 500. 900 will
likely be the result OF state control of rail-
ways In Great Britain and ireland during
nscal year 20 end March. 1921. according to
the ministry Of transport. Total receipts
are estimated at about 81, la. 900 900.