Every evening, Wilmington daily commercial., 1921-12-03
FINANCIAL NOTES.

Nrtonohilo Industries says The posi-
Iinn ~ tho larger passrngcr car manu-
flrturrfs in relation ~ inventories y
tlrahiiy Improving and every effort Is
hninH made 80 Get thrni Strengthened out
ht tho turn uf Tho year. Many already
haig sutten of their losses. =.
rtpnnso te the strength aud acti,ity
uf ihn bond market and tho general
lrplinH that the disarnlamcnt coniercnco
Nuld,F Nr,iew "'rhon too tho re
,n,efi IN the tardy Industries. such a.
steel coal and minerals, tends 20 restore
f,nns, ivanls Railroad stockholders re-
rHiNvd aiony With tieir quarterly divi-
Lend rhccks, a note from the company.
siNisins hat we have made a large
numhsf ~ reductions IN freight rates
m individual csas, but We are still ~
trlflug numerous requests FOR reductions
uu al GLASSES uf frtight " Il evident
That general rate reduction cannot be
made untii operating expenses are sub
siautiaily lowered
iuicfnailonal Mercantile Marine pre-
frrf,f sslncd more than three points
iCtlefdsy There were NO specific news
hrtplnnnvnts 90 account FOR the rise
hni the knuwn Improvement Ia the ship
pinn Industry, rgeihcr With much
fpsinHsihlU fnf absorption Of this stock os
= ron iihsfnhlr scale.
ihv consolidation ~ independent steel
aould pn, into one evaporation p'Ss,S'e, ,ers
uf tho companies Witch u had hesm
Thought Go merge when the Cambria Sto.,l
vas Wold 20 ne Nidvalc s,ecl aud Ord
Nuhn. lneh A Co viii be Tho cbics
Nsutefs in Rotation Of the proposed
Ite aiani steel corporation, " 70 shall
m fnfmcd, ~ seems highly probable in
Wow ~ the conditions affecting indie
Nrntsnt steel companies pressing strongly
in su'h difcction as being their salvation ss
veil as the economic soiution of tn,
ltustion made by the great position OF The
lhii.i states Steel Corporation
,sf lcsdlnsN IN the United states for
te.'v e, w',s gparn ,,s, No,,mssr ,s y show re
ntoflpus couple OF weeks. The number
Nes 50" or SSlo2o more than for
tontroncl hy the General sIotors Cor
pufsiiuu the ishcr Body Corporation re
iiuftt iur prtct'cr net income ~ 81 a3a sal
iu vvmrarv With sl.5ai.l5i for the same
lhrro aru rumurs that tho Studehaker
tufporatioa viii either increase its divi-
ifni fai" or, norv likely, make an extra
WNn.nd "a the n,ar future. The earnings
lnf ~. year viii be large enough 20 war
fsNt tsuch action.
ordinary expenditures OF the United
rtstrs fof n months were 81 SOS a 1 ,0si.
ssnir reficd last year With tho ordinary
lNrfirfs tl,ati i4u. 2aa, aud ~ sivlns
suurius 60 the treasury
Union Pacific Railroad IN making Ar
L. rkp.rtc,i 10 he announced shortly.
ti business sentiment a. defined by
fiF incidents ~ the CLOSING weeks OF IA,
Wat saNs the MechAnicsi aud Metal,
National Rank OF New Work. 1T may
iiF ssli that there "A a provailing stmos
Wn'fr ~ hopeful expectation Actus
Nnlunio ~ ruffcnt business. apart from
hat which is distinctly seasonal. ia MOI
Hrtr v matter ~ fact. the country,
'utuinrfclal turnover is irss than AZ ID,
'uifrsrondins tln' In any OF the last ii,
wars Vet spirit of optimism mark.
fht predictions ~hich are being mad.
'nf ipis aud arairs generally arc hcin,
nsprd 80 tshe advantage % improvement
tuNl "a expected '
Nlihuurh tho answer OF the Ischigi
AHiiCt Railroad Co 90 the government
Hiirriluns 90 the plan 90 scgregsto th,
nmpsnts railroad properties from it,
Nusi holdings has been ficd the srau
urhit thrrcrn have been postponc.
iNurrfAfilY Awaiting word from m,
department ~ justice according 4,
rpnn-vl 90 the company The department
tn faf has not indicated on what date 4
desires 90 begin In tho Federal Cour
W ~" NprA hearings on the objections.