Every evening, Wilmington daily commercial., 1921-04-11
FINANCIAL NOTES.

rh. tmrrtcan Railways 90 reports for
Na"" t"tdi OPERATING ,'N"nu" q Sl"ot.-
~ futrtl~,, :. BE-. aud for The first tllIar-
Il, af lr1l total operating revenue Of
$ ~f1 tln. incrraea SfoN.nlh
st' ',eu.ral N~pt.dt O. viii ho held May
e. -tncb hnok~ ci">r Aprl "a ami reopen
rt. monthly statement ~ the United
af,~ steel Corporation uuillcd tonnage
slows ord"r> ou hand March ~ last Of
4. i-or. a decrease If 6l9. ln1. compared
ra Ecadlnc 90 in is answer 10 pcti-
tt'r~ tu intervene IN the segregation plan,
~aA~ The bc~t interests Of all stockholders
NItl ho conserved hy The adoption of the
praf.~Itinu ha~ met With the approval Of
th' nttrd states governments ~ every inn
l''ttJnt respect except one
''ftct"r> oi 'oc" Theatres company
haNt recommended declaration " Sc I-3
P'r uJ stock dividend j Is planned TO
ut~- IT." two new shares So par to each
ho''i. ~ three shares of the present stock.
boob ha~ $40 rar value
Any changes that may take place from
u"v on arr believed likely "a he an the con
~tructiVc side SAYS Henry Clcw> 1t
cannot TOE denied that therc are a number
of obstacles to hc removed before the market
wIli haNo clear sailing. hut the outlook Is far
from di~COuTaZIUE
Business at present is sufTcrinr much
more from our faN laws and tho uncertainty
as tn their futurT thau from any other
remcdiahlc cause says the chamber Of
commerce of New Nork 1T IS we'll rccoc-
business men. that a number Of features of
our taX laws are load upon industry and
IN need Of immediate revision
he second quarter of the year opens with
an apprcclahle Eain III business confidence.
says the Guaranty Trust COMPANY of New
York Irregular and contradictory as
they may al first glance appear. the reports
from various sections Of the country arr on
the whole indicative Of an improved situation
Certainly conditions are no worse than they
were month ago. and indeed, the Gle
mcnt of greater stability is So pronounced
a. TO Read TO a prediction that before md
year a definite turh for the better viii he
demonstrated
JoHn \ WINS president of Willys-
overland Corporation. after a meeting
~ th' country stated in Chicago that pros
poets were reported brighter generally
particularly for the automobile industry
lht tudahH Packing Co. which seven
months age passed it's regular quarterly
ia per cont on the common Friday pasSs,d
abe regular ScInl-annuai 3 per cent on the
Ter cent on q hc per cent cumulative pre-
iHrrrd stock. IN order to conserve the
company resources during the present
Hrod of business depression.
The present financial troubles of The
railways. says thc Railway Age arr due
quite a. much To an excessive payroll caused
..N unrca Sonabie rules and working coudi-
mons and excessive wages as they are 10 the
dcChne of traffic and anybody who serious
suggests general reductions Of rates
"iAout previous reduction Of the railroad
lES roll j. either hupclcssly ignorant OF the
f"-t> ainHt hc present railway situation or
au entirely Nt subject for a lunatIc
a~y lFfa
Directors Of the Tobacco Products cor
"nrafi0n viii meet week from today 10
49, on THE quarterly dividend on that issue
u II rumored that outstanding q per cent
>c-IP which ma 1UTt~ then will be taken 40
iu' cash and that dix Idend of D. per cent
" ii =" declared raXaule in stock
Huc larg" firm Iu \eW YORK winch nas
iphE SPECIALIZED IN rdl!road securities takes
;Ac view that the one way of definitely
a>>lcIng tho maintenance Of the present
uIS idcnd rate on Pennsylvania is through
It~ acquisition of The Norfolk and Western
and the guarantee of the per cent annual
.ii, ideud rate II Is pointed out that Nor
.nik and Western earned somewhat more
tam S9u pyr share last year That under
thr control Of tin PENNSYLVANIA is txed
charges could br greatly reduced with a
corresponding increase ia funds available
Tor ust g.! the Pcnusy anIa This hous4. ex-
presses the opinion that some such arrange
mcut viii cVentu te