The Washington times., 1921-08-28

phone Company and the Ohio State
Telephone Company have approved the
proposed merger Of the companies.
Canadian trade for July. at $118.846,-
O60. showed a decrease of $115.224, 900,
compared with July last year. and for
year to date, at $474. sos, 900. a decrease
of more than $3.50, 900 900. according TO
Department Of Trade and Commerce
summary.
The American Sheet and Tin Plate
Company will operate it's sheet mill at
Sharon in full next week, working
largely on automobile orders. John
Stevenson, president of the Standard
Tank Car Company. states orders this
month are ahead of last month. and II
they continue at the same rate will be
three times those of July.
Sales OF motor trucks by leading pro-
ducers during second quarter, exclu-
sive of Fords, aggregated Sass COM
mercial cars. against 1914 during
first quarter and 6.9S3 in correspond
ing quarter last year.
Revenue loadings Of the Chicago,
Milwaukee and st. Paul last week to-
tailed 81 1923 cars, against 37,76S In cor
responding period last year. and for
year to date, 8S4,S59. against 1.143,Syo
cars.
A Chicago board of trade member
ship sold yesterday for $500, off 5000
from sale reported on Thursday.
Advance Rumely directors yesterday
declared a dividend OF 3. of / per cent
on preferred, thereby reducing the is
sue from a TO per cent basis. A
statement issued said they expected to
continue this rate until the improve
ment in general business warrants the
restoration of the regular rate.
An issue OF $10,000.000 additional
capital stock by the Illinois Bell Tele-
phone Company has been authorized
by the Illinois commerce commission.
OF this, SO per cent goes to the Ameri-
can Telephone and Telegraph Com.
pany and the remainder to stock
holders.
The Ford Motor Company produced
BIZ ,5S7 passenger cars and trucks dur
ing quarter ended July, an average OF
nearly loo, 900 cars a month. This is
the biggest quarterly output In the his.
tory OF the company and includes pro.
duction at American plants only,
August schedule calls for 10000 cars.
Illinois Central Railroad Company
reports for July net income of Sl,705,.
900, an increase of $780, 900. despite
a decline in gross OF $1,l12.000.
Pelts Of fur-bearing animals number
ing 100000 were taken in Canada
during the 1890 season. valued at
S21. 1897 900. Muskrat pelts led in
value, at $6,030,00 while for average
value silver fox took first place, at
s24O.
Receiver Baker, Of the International
Great Northern Railway Company
was authorized by the Interstate Com
merce Commission to deliver notes
with face amounts aggregating more
than 100000 to the Baldwin Loco
motive Works. in part payment OF
eight locomotives.
According to p. A. s. Franklin
president Of the International Mer
camille Marine, the estimate OF earn
ings indicates company's profits for
year will exceed amount Of regular {
per cent preferred dividend, after pro
viding for fixed charges. taxes and
depreciation.
"Two-thirds Of the year 1921 having
gone into history, business and finan
cial leaders are counting hopefully
for the remaining months Of the year
on the benefits Of the sweeping adjust
year brought about. 'Deflation' hal
now become very much Of ar
actually, and, so far as our domestic
situation is concerned, we may be sale
to have obtained a fair start in tn,
attempt to put our house in order.
says the Mechanics and Metals Ma
tional Bank.
The National Alliance Of Employer!
and Employed estimates the immediate
monetary loss due to the recent British
coal strike at $365, 200, 900.