Every evening, Wilmington daily commercial., 1920-03-17
FINANCIAL NOTES.

Pterce-Arrow Motor Car Company
forthcoming annual report for 1919 Will
show net earnings Of approximately ST.
500. 900 after federal taxes. This will
equal about 81 a share for the common, as
compared with 81 SO share in 1918.
John d. Rockefeller. Jr., retlres from
directorate of Colorado Fuel & Iron Co,
after II years service, and Will be sue
ceeded by John &. Mitchell, a Denver
banker.
General Electric Co., stockholders, at
n special meeting yesterday, approved
an increase in capital stock fromSl25, ,000,-
600 to SI75, 900 600
The ReploCle Steel Company win put
into operation tomorrow "a new wet iron
ore concentrating plant. With the price
for Lake Superior ores up 81 per ton and
railroad freight rates 70 be advanced,
probably 20 to % per cent, the position OF
the company in selling iron ores IN the
eastern territory Is much strengthened.
The Nanadium Corporation of Amer
lea, as now estimated by those identified
with 1t, VIII earn tins year between So, ,00O,-
600 and $1,000, 600 1t is building a
twelve-mile railroad from its ore reserve
in Peru down To the 12000-foot level,
from which point the ore will be carried
by motortruclls to the Cero de PascO
Railroad. This viii enable larger output,
the transportation nov being on llama
back Refined yanadium is being sold
by the company at 30 per pound.
Raoyl Dutch and Shell Transport have
not responded TO the general rise in the
oil stocks, due largely to the German situa-
tion. A turn for the better IN the German
political situation should result in a better
demand for the foreign oil stocks with
large interests in Germany.
Treasury officials estimate first quarter 8
income tax payment at $500, 900, 600. On
last day for payment about $3.50, 900, GOO
was collected in New York district alone.
One corporation paid quarterly install
ment of SIS, 600 900. Largest cash payTnen
by individual WAS 5000, 900 by Wall Street
man John Mccormack paid tax of 1925.
900, Caruso 100000 and GalliCurel
about S75, 900.
At a special meeting OF the stoclxholder
of the Rainier Motor Corporation held
recently, a proposed plan of re-capltallza-
ton was adopted by 100 per cent of the
capital stock outstanding The new capl-
talization provides for the issuance OF
/ $500 shares of per cent Cumulative
Preferred Stock, par value 500, of which
! 1000 shares to be issued Immediately
and 10000 shares of Common Stock, OF
/ no par values-all to be immediately
issued
Directors of Crucibie Steel Company
yesterday declared a so per cent stock
dividend, payable IN common stock
on April 80 to stockholders of record
April Is. IL is the first important cor
| norati6n 10 take such action since the
| supreme court decision affecting stock
| dividends cash dividend Of 3 per cent
was also declared on common. Stock divi-
/ dend means the issuance of about 1885,
| 600 additional shares of stock, with par
/ value of S12, ,500,000
All of the members of the board of di-
reetors were reelected except Col G. A
| Higbee, who asked to be relieved, as his
health is not good Waller L. Haehnler
was elected in his place, the vote being
1864 out of q possible one million.
/ ]. Harvey Whiteman, president, and Mr.
| Miller answered number of questions
President White man told OF the labor
troubles at Tonopah