Every evening, Wilmington daily commercial., 1921-02-07
FINANCIAL NOTES.

l.r, tors of tn american Interna-
t.rlI Corporation will meet next
Thursday but Il IS understood that
There Is 40 possibility III their restor-
inG ;hc dividend At this meeting.
southern Pacific reports December
gtoss uf s25 .005. .945 and not operating
ia,ome OF SO 1850 MS against net
of S-S94.635 in December. 1919. Twelve
months gross was 1892. .269 .50i with
ne operating income Of s2l.3l2 .344. as
compared with net II S3..677 .06s in the
preceding year
According TO reports from Chicago
there viii be no change IL its regular
per cent. quarterly dividend rate when
directors OF the Pullman Company meet
next week for action. One OF the dircc-
tors was quoted as saying that there
would be no change in the nate and that
such a thing had not been considered.
The Federal Reserve Bank here en-
noUnCed the removal of the preferen-
tial rate hitherto granted on loans made
against United States treasury csrtifl-
Gates The bank calls attention 10 the
increasing quantities OF this paper now
held by investors. and dealers that the
situation is such as not 10 warrant a
continuance of the lower rate accorded
such loans. In effect this Is an advance
in the discount rate m from y to 6
per cent.
w. =. Carpenter. treasurer of the du
Font concern. was elected yesterday a
director OF the Commercial Trust Com
lany in place oI J. J. Raskob. who
resigned.
announcement Is made BY the reor-
-anlzaton committee Tor the Maxwell
Motor Co and the Chalmers Motor Cor
the close Of business on March dur
a- which depositng stockholders may
thout penalty make application for
u stock IN excess Of their minimum
-Ehts Of pure hase under the reorsani-
ton plan
There 81 20 be a conference in New
ork today looking 10 possibility Of
nEIng and financing for export
n.oao.Go0 pounds Of the copper now
eld n sroci. in this country The plan
troDoses Issue of 5 per cent certificates
tcaInat the metal. 10 be guaranteed by
producing companies and sold 70
INVESTORS. As the metal shall De sold
ana paid for the certificates would be
retired.
Transfer books Of the Allied Chem
Ia and Dye Corporation viii be closed
february 10. incidental TO the special
meeting n sl0C EhOIQerS on March : 70
G. on the proposed increase in auth
o~ized stock
Mullins Body Corporation reports for
go net profits after charges and FED
cral taxes. of $701 .29O equal. after pre-
ferred dividends. to s621 q share ON
the 100000 shares of common STOCK
outstanding.
Chile. favorably situated thrJlout the
war because of continuous world de-
mand for nitrate. stands as one of the
few countries which reduced their ma
tloTlal debts during the war period. ac-
cording 10 the Guaranty Trust Company
OF New York. which reports the direct
debt Of Chile. expressed in United States
money, is now s161. .2s5 900, compared
with s175 100000 at the end of 1913"
According 70 the Bureau of Labor ar
Washington, the general level of build
ing materials on January / was 16s per
cent above the level Of 1918. while the
cost OF house furnishings was fully 24s
per cent over the pre-war level. condi-
tons unfavorabie to home building
The Bureau estimated the price of
ciotning at 12O per cent above the 1913
level and found increase of only "a
per cent in farm products. The oonl-
parison OF these different price er~oups
argues that building costs are relative
ty high.