Every evening, Wilmington daily commercial., 1920-12-16
FINANCIAL NOTES.

Sinclair Consolidated on Corporation
produced approximately 3.o00.0O0 barrels
of crude oil in Mexico In November and
about 2 200 600 barrels OF 1t were sold in
II is reported that selling in Crucible
steel recently has come from Philadelphia
and Pittsburg and has been largely for short
For the quarter ended September 30
1920. White Oil Corporation reports net
tax 81 81 306 .-34 equal 10 2.O7 share
earned on the 63O 900 shares Of capital
stock. no par value For nine months Of
la2O the company earned s3,521 ,l6s. or
wal street broke-s' loans has been re-
ouced 70 S7OO 600 600. according 70 bank
ers. from S750,O00.O00 al the end Of No
vernber and from the high peak II July.
When borrowings stood al a. $50 100000
A sroup Of Boston and Montana stock
holders have subscribed S25u.000 70 com
olete cons rructi0n OF the go tons day
MIL o. EIkborn. Montana. An underwrit-
III f5a, fu5ds % nor haVins been carried through.
IL Is not generally known that the South
~rn Pacific Company through one OF its
subsidis ries the East Coal OIL Co. te the
chipping about 4 500. 600 barrels Of oil per
annum. This interest remains with the
sinclair Consolidated viii sell ex-stock
dividend Of per cent on the 6lst Of the
current month The stock is selling around
SO Set earnings after taxes for the current
vsar viii be equal to s. or 5 share
tnc stock All the money earned this year
has sern ADDED TO the value % the prop
erty. Inside interests nave been buying
thousands of shares Of Sinclair. but have
failed - stem tne downward trend
Tie I ni I'd states steel Corporation IS
running its various departments quite up
70 what il mas been doing ali through the
fall which means nov above 80 per cent
Of It's steel ingOt capacity.
Directors Of the NanadIuD CORPORATION Of
America yesterday cut the quarterly div
dend 70 81 silare- The previous rate was
More than $1,000, ,0oO. 900 is outstanding
IN unpaid taxes because Of the govern
tncnt inability 10 audit returns. accord
ing 70 the Treasury Department.
The Baltimore 4 Ohio Railroad CO. re-
ports surplus income for year ending De
cember 81. partly estimated. OF 81 .044 ,I69
against 81 ,52S. .0sg IL 1919 Total income
for year was S33 $50 355. against s33-
i is ESTIMATED. tha. orders FOR 800. 900
tons Of steel rails have been closed 30 far
FOR delivery next year The greater part
of this went TO the United States Steel
Corporation. whose price iE SAT q ton
against So ton charged BY independents
There is reason TO believe that when tie.
directors Of the international Mercantile
the usual ; per cent On the preferred stock
hut viii not declare any extra on account
Of accumulated dividends. In 1920 extra
payments have tOtaled 10 per cent.
meeting Of Stockholders Of the Atlantic
City Co. holding ComIany Of the Atlantic
Cify Gas Co, has been called for Decem-
rcr - al Wilmington to dissolve The com
pany
The manufacture Of Houston pneumatic
wheels las been taken over by tie Pressed
steel Car Go. and a subsidiary corpora
tlun, IL 10 known as the Pressed Steel
Pneumatic Wheel Co. is TO be Incorporated
FOR distributing the new product. The Hous-
ron wheel is said TO differ from the usual
type Of spring wheel and is designed for
all makes Of motor trucks
Cities Service Co has declared regular
monthly cash dividends Of L Of per cent
on the preferred stock, the preference =
>tOCk and the common stoch and the reg
ular monthly dividend Of 1@4 per cent on
common stock, payable in common stock
a. par all dividends being payable Feb
ruary i. 1921. 70 stocks Of record January
l5 1927