The Washington herald., 1921-04-17

Company Cuban company formed BY leading sugar and
financial interests to assist Cuban growers and manuac
turers Of sugar. -. ,...,..'.,
The Sugar Financing and Export Company is to have
paidn capital Of $2oooooo afr Of which has been sub
serbed by the Cuban Sugar Corporation and the Cuban
American Sugar Company and her associated and sub
sidiafy companies. . 49, A.. -..rr... 49,. =.
employment and unsatisfactory industrial and shipping
conditions were in evidence during March Some
declines in prices and slight revival Of building ac-
tivities noted in some countries ! 80 49,
The situation in the East is described as somewhat
more favorable Foreign capital directed largely to
railroad improvement is coming into China In Japan
the money situation is described easier and some
progress is being made towards. 1deAaton Reports
from South America show conditions there practically
unchanged from the previous. month. Unfavorabe
business conditions continue to rule throughout this
territory. -.~~'r..'.-'"~- - >. = q,
...' E ~. . Railroad Situation / ...' =
r., Negotiations are still being conducted looking
towards an adjustment of the railroad rate and wage
question: An announcement by the Railroad Labor
Board ending the national agreements working con-
dtons and uphoding the open shop came unexpectedly
at the end of the week. 1t is hope that this together
with the sixteen principles laid down to guide the
settlement of differences, may open the way to "a
speedy conclusion of the whole controversy.
Government officials earnestly working on
the wage and rate problem but far solution has
been proposed In the meantime the situation of the
carriers is becoming more serious The Interstate
Commerce Commission reports that during January
the railroads operated at net loss Of $o58ooo Pre-
lmnary reports for February show that Io6 railroads
failed to earn expenses In February operating reye-
nue. fell of Al per and it is estimated that the
deficit will amount $7Joooooor The number
of idle freight cars at thc end of March was 4059o4
which is the largest surplus recorded in the his
tory Of railroadngs -, ~ ..~s..,-. '--
--:-t s. 2, = Coal Output Sun Declining. 49,"
-, The report Of the Geological Survey for the week
ending April e. shows total production Of S7o7,ooo
TONS or decrease of $4,000 tons from the preceding
week. Production is less than 50 per cent Of the
output at the end of 1870 Lack Of market still con-
tinues to be the sole cause Of this abnormaly low
: output. A'ts s-. So. s 4.
= i@ Fire Losses Heavy. s,.t. :"
Figures complied by the New York Journal of
Commerce show that the total FIRE losses in the month
Of March amounted to $z8sSI ooo which IS $I,oooooo
greater than in March last year and nearly $Joooooo
greater than in the preceding month The entire. FIRE
waste of the country continues unusually heavy indi-
eating that csrelessness and what's known moral
hazard still important factors. The largest single
loss for the month the destruction Of the North
western Elevator at Chicago. due to explosion of
dust The amount involved was, approximately
$z.sooooo. ,assra q;
business Conditions Conflicting
Reports the general business situation continue
to show sharp contrasts Gains reported last week in
the automobile industry appear to be continuing The
further reduction in the price of steel will doubt
assist this industry. The international Harvester
Company has reported price reduction Of about
per cent its steel machinery, which also reflects the
drop crude steel prices The textile industries show
no decided change The wool industry in particular
marking time until the tariff question is definitely set
tied. Cotton goods have shown rallies through
the week. but they have been Offset by reductions in
other directions 1t is clear that the basic conditions
necessary for The re-esablshment Of copfdenes and
the complete revival Of industry have not yet BEEN
fulfilled. su &c.. S1.ts b,ltrrD
ttu %