Every evening, Wilmington daily commercial., 1921-02-16
FINANCIAL. NOTES.

The AtIauflc keuu,n. Sc announce th,at
!, ,%u rn[itc,- I'll. pro. III Ta~oln' I cent
alion - agsresatinc a. Spa 0oooo0 arIsine
som coptr.ta sslt- o.t WetH 3ht Cover hinrh'
and private citizens rroY tnS gu 81 N. Wa'. var.
ra1-, tMus far been Glrd viii iHt Chteu
80. =" -: ~ CLAIMS Al I> estimated that
t1@ fo5sI vH ultimately react r. 'tHd ota p
100
Germany coal output IN eicNrn months e
1920 Is estimated Al ~ F4@o $50 IONS. S".tt.
- ,.{tE l45 SO 1926 tons ln lHl% anu
ia sIz .6s4 IL 1918. ihe>r iieGL.S q" ny
include production Of Alsac"-i."fF fF''lh'- 9'''''
@3SI The American sugar Refining @ ano
he National sugar Go YESTERDAY IuT tl'.' @
advanced he pr.ce re, q gn, noand
-. I'll nfir,.S were further reduced y's-
er5at uitt Peun>XINAnia SrnGe AZ - =
f,e-~el . v-tiuet}ou ~ - cents sheit
"a "a ~ r.f,4rt4.an of - cents Somerset
IichT red duced - cents 10 = =. q h"IIti ai'
Esg1ard 10 cent 10 = - . baFre
= cheering l9l' OF nCws from th' sseei ~
s,,t-, w.- fbt report tia IT, 'amfrla
Steel CO had rcopcHed a number "I n'-
aarfments. giving empIoymen' to sew
fnalIsand men bit of gossip wnlch W4s
sr,,.t,siX interpreted was "a tic effect that
fne employees 10 number 81 mus inHhihe
trurfuraI steel would be giN Oh t1t option oi
.C.reDtine d wage reduction OF from ." 10
"a r,er cent or 20 on Il -four day weeh he
r,orte from the steel trade were depressing
fhf strfhe of 300 workers o. a tof.tl OF ZOO
~ the Elizabeth plant OF the betheiheIn
~hirhuiIdinC 90. ii protest against 10
-, 60 tvaee cut Was taken % indlcat Ia
ina labor may yet otfer oHposi uon TO the
read diuetEnent 81 Wages
%ofVlfhetanding the weakness Of Lbe
shares Of he Pierce Arrow Motor Oar Co
II 1920 gam of .zlu, preferred aAu CON
mon shareholders or apIfoAiIiiaboi3 %
rer cent l. recorded II l. evident tina The
S,,hlic purchased PIERCE Arrow common
IN Us wBx down from the hlgh mark OF ~
r.a~had nj 1919 ON January ] ip<i there
80. I $50 preferred shareholder al on
f.n,ar, 1920 l72O preferred shareholders
a gain Of &c eolnInon 5ts . tle' 'atrE or. o1 m
isn3.ary jSr9,a 1920 500 = gain Of .Os0.
..11Ial 10 h0 per cen1
Price. for "a soIinc ana heroseu, con tlnlFe
T. move jowcr following the declining
r,rices Tor crude oil Oil and its pTOducts ;
held against the decline ~ prices longer
nan any other prime CommodtDek
For fen months of last year thes Southern
Pacific 81 properties whlch nave been
transferred 10 the Pacific oil Company
cleared beyond all costs, depreciation. taxes
~ net income of S9.3f9.3fI 10 compare
with s. 776 oSh for ali uf 1919 Including
dividends from the Associated Oh Com
panv the total for the year exceeded SIP
80 long as the Inited states acts as
banker for the rest Of the world and the
government itself IS a frequent market
borrower there viii be no permanently easy
money in sight says inc I1rst National
Rams The foreign demand for credit
must continue far in excess Of the supply
released through the reduction or Outstand-
ing indebtedness By private dOmes tic b0F
rovcrs This situation Viii he corrected III
time however but il is apparent thai
thor0ughgoinE relief must await the solution
OF the foreign financial problems, which ar
still biz factors ~ tic outlook
Average daily output % petroleum in the
United states during week Of February
was 2S:} tU0 barrels according 90 statistics
complied bS tAe 3mGrlCan Petroleum Inati
tute This compares with PCT 900 barrel.
In preceding week and l.255.oOo for weei
ended January y
The : : kfesgr Go reports for 1926
net earnings of - 954 900 equal after pre-
ferred III, idcuds to sZb Is a share on com
mon against s. ISL, ,O0D or S2I 40 d share
earned in 1919
Beet sugar production aggre2ating 2,230.
900 600 pounds is shown IN the preliminar.
report of the depart lncnt Of agriculture 70
i92O which exceeds the record production
of 1918 by - per cent Cane sugar produC
tlon Is estimated -at 3S5.35t 600 pounds
making tat4f tr0ti t4t.ti0n for year - pe
ct.ft abo stt-,rd HfOductIou ~ t1f6