Every evening, Wilmington daily commercial., 1921-11-17
FINANCIAL NOTES.

Berwick plant OF American Car and
FOUNDRY Company was awarded a con-
tract for 200 gondolas and twenty re-
freieerator cars from the Chilean gov
ernment.
The Nevada Consolidated Copper Com
pany. through development work carried
on during the shutdown OF production
since last spring. is reported TO have To-
Gated new body of ore averaging prob
ably about per cent copper and con-
tanning, as estimated, about 500. 600 tons
of ore.
Money in circulation in the United
States November is given at S5, 72o. $50.
600. equal to S52 Il per capita. 10 COM
pare with S52.45 month before and
$50. - on November /. 1920.
When il is considered that wheat. corn
and oats pork lard and ribs are all sell
ing materially below the average price pre-
vailing in 1929, whereas cotton. even at
Il cents per pound. is about to cents
above the average for those years. we
do not believe. say G. +. Bachman & Co.
That any sustained advance is justified:
on the contrary. we rather expect grad
uaily declining market during the re-
mainder of the season.
The sharp rise in Famous Players. which
represented a gain of more Jhan four
points. was construed chiefly asa belated
response to reports regarding the earn
ings of the company The statement for
the September quarter was more favor
able than expected. as the net profit for
the period was 81 100 600. The total
at 81 .ls6 900, or az the rate of S23 25 per
! annum. The s per cent dividend there
| fore is earned nearly three times over.
Details of the consolidation of the Pull
man Company and the Haskell-Barker
/ Car Company virtually have been COM
/ pleted. The stock will be exchanged, it
was understood. in the ratio of four shares
/ of Haskell-Barker for three of Pullman.
! With the merger Edward y. Carry. now
president of the Haskell Barker Company.
will become president of the Pullman
| Company, and John X. Runneis. .presi-
dent of the Pullman Company, will be
| come chairman of the board of directors.
The American Telephone Company has
! raised the price of its stock under the
employees stock subscription plan from
500 share to Sl05 a share, effective
| December !. 1t is said that since tn
plan was announced last May about A
per cent of the employees have becom
stockholders The stock CLOSED toda.
above 1l2. which is new high figure TO
! the last two years. The regular quarterl
dividend of pa per cent is payable Januar
10 to stockholders of record December 2t
A date for the next meeting OF tn
directors OF the Chicago. Burlington an
that company's dividend. payment o
which will be made near the end O
, December. viii be set soon. IN yie'
OF the dependence of the Great Norther
and the Northern Pacific on Burlingto
dividends for funds to meet their re
spective shares OF the interest on th
joint Burlington bonds. the belief tba
the next dividend OF the c., B and
Will be not less than 5 per cent maxim
10 per cent for the year prevails.
Demand sterling was quoted yesterda
at S4 .0014 and cables at S4 O0sz the higf
est quotations since April 9, 1920
= The international Nickel Company r,
ports for six months ended Novembt
deficit, after all charges, taxes and pr,
ferred dividends. of S696.0 agains
= 81 ,993 900. or sl.le a share on common
earned in same period last year.
z The New York Air Brake Compan
4 passed its regular quarterly dividend @
@ its $4,000 900 capital stock. Thr,
0 months ago dividend of IA per cent W;
declared in per cent scrip.
Corporate maturities in December a
! notes Of railroads. public utilities and il
=, dustrials aggregate Sl0I .256 900 again
= $40. .256.00o this month and s24,62S On
In December, 1920. Public utility issu
constitute the largest part of maturiti,
4, at S52 .602 600 while total for railroads
q enly Sl2. .l67 900
According TO unofficial but fairly authe
tic reports. the proposed merger of Pu
man Company and the Haskell & Bark
/ Car Company involves the necessity
ratification by vote of 66 2-3 per cent
D. the stock holdings.
The new interests which came into I
D. General Motors Corporation have co
pletely made over its management a
J. organization looking TO manufacture
l. rather than stock market results. j
n the third quarter the income statemt
, will make a good showing
l. Before the end sof the year various I
profitable operations into which the 4
- mer management carried the ienera N
tors Corporation will be cast off and
accumulated surplus charged with 81
4. losses: The purpose is TO start the c.
"a poration next year with decks cleared "A
> all departments keyed TO get business a
luln IL out in most efficient manner