Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-17
WALL STREET GOSSIP BY MONITOR

III
& II is reported here that the unemploy-
8mept conferences in Washington may
lead to definite action by the railroads
IN re-employ1ng many thousands of men.
II Is understood representatives of the
#raliCoads are entering into a series Of
conferences with the Interstate Com
*merce Commission looking to this end.
8 lt Is understood the railroads wish a
reduction of 10 per cent in present rates
with a 10 per cent reduction in railway
agree to re-employ given number Of
8workmen.
\ A report that the Baldwin Locomotive
$Company had taken a large order from
IL he ssviet government of Russia was de-
- by President Vauclain. according to
Reports received here. 1t is understood
the Russian government has bought a
&considerable quantity of equipment and
&rolling stock. but these orders are be-
&lieved to have gone TO German plants.
#This gossip was responsible for some
8selling in Baldwin.
4 A reduction in wages. effective Friday
&was announced at the Farrell works OF
IL he American Sheet and Tin Plate Com
#paHy. The %, mill workers will re-
I%eeiye about L per cent less than the scale
3heretofore obtaining and tin mill workers
$about Z per cent. Approximately eight
&hundred men will be affected.
4 Delaware, Lackawanna & Western was
zone OF the outstanding features of
strength in the market. The buying WIS
<foased on the dividend payment at the
Wsnd of this month, and reports that the
#1ividend rate soon may be Increased. This
the season of the year when traders
#lsually turn to the long side of the an
"a hracite carriers and Delaware. Lacka-
Awanna < Western in addition has the
Il dvantage of being assured of a greater
$galuat1On IN any unihcatiOn plan by the
&Government than the present stock price
'&gives it.
q Statisticians have been watching close
~ the developments of the building in
Ndustry throughout the country and Wall
#Street's interest has taken tangible form
In the recent strength of Z. S. Realty.
# company, subsidiary, has taken CON
81 raets since May I, approximating s14.-
100000 in value The work calls for the
= construction of hotels and business build
Rs. from Montreal Canada to Miami
y Z. s. Food Products declined two points
3on the knowledge that the company had
II note for "a 800 600 at q local bank which
4 natured Friday. Officials said the pay
&nent would not be met in full but an
a icipated that an extension would be
attained.
E>~~rp Products refined is said to he
Fl peTafing at 81 per cent Of capacity as
N omparAd with ~ per cent Jew Weeks
"a 90. Firms which have advocated the
f$urchase of This stock claim the increa Sc
rs due to an enlarged foreign demand
but as the company operates A plant In
8sermany, there is some question in the
k3ninds of traders as to the cause Of the
q increased output If the mi-official
#Iigures are correct.
IA A reduction of one quarter cent in the
z{price of raw sugar has brought that
e. -n.-%r - h..
|3ore the war. The effect of the constant
&iecline in raw as well as refined sugars
Bias been without effect on the sugar
#ktocks. American Sugar reflected some
81 light pressure. but there was nothing in
~ he character of the trading to indicate
Z hat more than professional operations
81 Optright, 1921, by Public Ledger Com
$pany.