Every evening, Wilmington daily commercial., 1921-04-16
FINANCIAL NOTES.

en- ta. P.nusSlvania Railroad system
There al. uoN land up. as result of the cur
rent srNt.t business depression. 1000 loco
motive, aud n2,'As freight cars
rh annual report ~ thu Nest Jersey
aud ~va-hor, Railroad Company which
tt.YudA suspended dtN idcuds shows Si63
Iit b s- than nothing earned ON the SIl
tHl af. 30 ~tptk proht and loss hclns
trftfeI WIth such detiCtt
Judge luNrtt chairman of the executive
tuWutfttt uf the ntop Pacific Railroad
has t.sird a statcmCu. on gCncrai bust
nfas conditions a. h' viewed them az
prrssnt and for the future following an
.tNIDUD.I t.tp oNtr the limos of that y~tcm
iul., loNttt CAprcs~rd the opinion thar
80 Wa httlc NkrlIhuod of auS great com
utrftItl activity until after luur. huf that
III pIa stut crop prusptCts are fulfilled I. vast
tmpruNcmtut viii br ~ren in the last half
ut tte Ntar.
fIluslation uf labur has become the chief
faUtuI lu the most rNtraurdinary financial
and industrial situation that has DEVELOPED
NHftIu tut memory ~ thosts nov hNinr
>aAs tuc ttfst National RAuk Wages ar,
ltlnr rCdurCd lu~t as the prices % stapl,
gommudtItcs have hccn lowered and the
ul Aturnt a. hy NO means ended lt Ms tho
mast important ta~k that thc American
peutly have cncaecd u since ha>tilitir,
tpastd Tor tt Is life aud death question.
NOS nuly for the worhcrs whose wages ar,
ta#fnr feduvcd hut also for The infinitely
greater multitude 20 ciur"n> who are >true-
shng hard 90 mane both ends mcc, owing
90 the conttnue,i hish cost 90 labor which
eaters into every thne 'hat they cat wear
0ovorn0rs % the New York Stock ~
change voted Thursday ta conform to
Nee Norh city daylight saving time in
nrst business daS arcrted ~ rho change
90 time aCcordlnE tn z ID CON s.t
nrlarN ~ thr ENNaausc VII hc Np-. IS
Nnether sharp deAn" - ho.h Z wheat
and hout o,c4tred Thursday wheat for
ialN delivery -rluns below 81 hlShcl
iHit Tho actual CLOSING prict was aN
gunt. Flour A. Minneapolis was quoted
a. y 90 barrel rcprc~euting drop of
in dispatches FROM THE west Is the low
ct since 1914
The Ncv Nora s'ock exchange win con
form "a the daylight >atiHc tiut in that
rltA which means that n, SHINING AprIl -.
10 will open for business af clotR vii
lninRton time and clos. ~ ne As last
~toc, ENchanee wiil conform IN it> business
tine
prIct reductions ranging from 81 70 Slf
pti t'n we're announced yesterday hy the
luiteI states steel Corporation on various
shes .'ecl products and j ,Npccfed prompt
b tu mcrt the average cur - s. per Ton On
lift HI>f made h1 fhe : YOUNGSTOWN Sheet
And Tube COMPANY and tar Republican
irnu and steel CompauN
~toeA Aholders 81 Norfolk Western IA
annual meeting 81 kaaaoFe \ q rf-electvd
Adlrf 'efs and amsndsd y ia" ahoAshlne
fiet Of chairman 20 board vacant since
WdUafu 10 ! Johnson
ihl federal district court has set May .
g. hgaf ans and al petitions CONCERNING the
k'adine segregation plan Ihs Ncw Nore
central Railroad and the Baltiuurt and
thID between them owning abo1, o. f.-
c"rt - the Reading stocNs have inter
Nvu,d fhe former -faHnE that lf desires ID
support the plan and - submit facts
argument and cousldsrauons mah4ns foi
such position
81 outsiandinr feature of the Genera
Motors Corporation report FOR 1870 - IN,
increase ~ profit AID lose surplus from
s4n fnN 900 a. of December 81 IaI~ "a
sl2i .at 600 a. the close of last year
There has been actually expended for new
tonstruction morc than 500 .OOo .uOO IN ;h,
lasf hree years
An interesting session IS antiCipa ted a
ihe annual meeting 81 stockholders Of th'
International Paper Go April - Scvera
large owners o. he sfnca made their au
peafanct in Wall street today ~eel inl
pfoAles which are 20 ht used with the ides
~ forcing the pay mneu' ~ DIV Nldends on Tn
common stuck These stockholders wan
90 know why a company reporting ne
faruiuFr 81 So. % ger shar, cannot afOrt
90 give the stockholders something
uald in fuiI lts loans from ChIcago Clelr
land and Detroit banks. IN addition L,
NuuldatinE its loans With New Nork ia
sflfutions and ia now free % bank obliga
ancg ~ a. least s. UOu 600. WhIcL viii b
used in part 90 pay OF merchaudIse till
nov due Reports from Detroit say th
company has untitled orders for IO2 Js
aut6mohles Production Is at the rate q
- .10o monthly and 81 900 men are EN-
pioYed
urXf to the railroad stocks. IN thosc ~ th
equipment Cpmpanies Pressed steel Car
American locomotive. American Car ar,
Foundry and BALDWIN all Wers exceptionaII
FtfuuF u va pointed out that several q
these companies arr in very strong "a,
position and are ioanlnR funds or invest
iuE them ia treasury certificates Houp,,r
a. one commission housr points ,ut
which broke out Of the trading range whic.
has obtained for several weeks