Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-08-30
WALL STREET GOSSIP.


'l9rt covering again was in evidence
IEGaE- anu save in a few special :
f'ics- 40 particular buoyancy WAS mani
fefiet General E-ectric was the cat
.an0lE@- feature Of strength on the an
sJlcement Of the new stock dividend
lens.
A. annual statement Of the American
: Ficultural and Chemical Company was
- be made public today. aud il is I'M
'Ts-0Cd il viii make very poor show
i- II - said that not only win a
~ large ouerating deficit be shown,
lut that surplus reserves have been
G->wn UDOn To considerable extent.
The bare statement Of the deficit com
ned with IN optimistic letter for the
{ ture Of the United States Rubber Com
any which was made public Saturday,
us not served To strengthen public con
i.ience No detailed figures were avail
Z DE showing how this deficit was reached
ald recollection of the annual report
which was published earlier IN the year
las not helped the price Of the stock
any. IN some quarters il is infimated
the deficit for the first SIX months was
rctualiy more than Gouble the dgures
made public Saturd5..
Tho rails have not IiveI IN TO the
promises which We're made for them hy
i9uSeS committed To- the constructive side
In recent weeks Traders are watching
70 item of gross income in railroad
-
&c Is realized that net is being made by
reduction Of maintenance costs rather
tban through an increase in the volume
traffic.
Charles HAYDEN chairman Of TIE board
ft IRE Rock Island * Pacific. issued 4
att neut accompanying tile figures for
Sly operations, which ltter showed
rplus over all charges Of S10gS.6f0.
ere are unOff ri9l estimates that earn
i-s viii be sufficient this wear to cover
FrF nrtafsH -sr--4- e 0 %
lass $ Cf preferred and will leave So per
s-are Applicable To the common.
REPORTS that Professor Rinlev Of
Harvard. bad submitted To the interstate
commerce commission his plans for
gional unificati0n Of the railroads. We're
rad with some interest. but bankers
f-el that at the present time any dis
eussion would be wholly academic. The
PANS call for twenty possible systems
iy rearran cement Of the existing lines
= 5 an instance, il is suggested that New
Haven. Baltimore and Ohio and Boston
end Maine might be hooked mp with
Few York Central An alternative plan
includes all OF these New England roads
except the Boston and Albany and 4 third
plan includes 4 linking Of the New
En~land roads with a Great Lake system
which would include the Delaware
] ackawanna and Western. Delaware and
Hudson and the Buffalo, Rochester and
Pittsburgh.
When it was first announced that Pro
fcssOr Ripley was going 10 undertake
this work Wall Street laughed at it. This
attitude OF mind Is changing and the
.raofe conservative firms are beginning to
figure on the possibilities OF such plans
taking definite form The linking to-
;-ether of weak and strong roads, It is
felt viii be favorable TO the weak roads,
but its effect may be dubious on the
larger carriers This NAV account for
some OF the selling which has come into
tie rails, although it IS understood there
are substantial buying orders in some
Of these under the present market
Copyright. 1921. by Public Ledger Co.