The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-03-26

ASPROFIT TAKING
.lVADES EXCHANCI
Market Enjoys Fairl!
Good Opening-Rails
Are Irregular.

NEW YORK. March 26.-After
fairly good opening the market ri
hected the disposition OF traders d
take profits over the week end
This was especially noticeabl
among industrials. which. with M
exception Of few specialize
showed fractional losses. The rad
were irregular. but on the who'd
did better than the Industrial
Judge Gary's comment on the sted
situation ELECTED no special I'd
Spouse from the market. ste4
shares. both those OF the corpora
tion and the indepe ndents wed
somewhat heavy. fractions. on nj
other hand. under the leadershl
OF Brooklyn Rapid Transit, wer|
strong. A feature OF the tradin|
was a run up Of u points in Wool
worth shares to 1s7. but this hsE|
level was not held. Trading wA|
in fair volume.
Burns Brothers' Earrings.
=
completes the first quarter OF ID
corporate existence with the end 4
this month and special interest wa|
attached TO the showing OF the Cd
erations under the consolidation i
that period. The figures for Jau|
uary and February with Marc|
partly estimated show net revenu|
OF close 20 $1,000. 900 and IL is al
sumed that the earnings for nd
current year will be In excess 4
$4,000. 900 allowing for a period 4
comparative quietness. The told
payments OF the present divided
disbursements amount to ilSe cd
per annum or less than half nj
net revenues and because of tht
excess In earnings u Is eNpccte|
that either at the coming directorl
meeting or the next dividend pcridI
there will be an advance In divl
dends of the A and the r shared
The "A" stock is entitled to nd
cent, plus an equal amount 10 thj
paid on the "B" shares and al pred
ent is receiving 10 per cent wit|
n distribution Of 90 per cent on N
B stock. II is said by authoris|
that all opposition 20 the PARTED
patton Of the company In m
Lehigh and wiIkes-Barre coal prod
critics has been withdrawn and thd|
the company has practically close|
the arrangement for sharing in tn
property.
steel Outlook.
Following the publication OF n
annual report Of the United Stat4
II
special interest is attached to N
statement made by Chairman Cad
this morning that the United Stat{
Steel Corporation will meet a
vsnces made by Independent ste
manufacturers whenever those prid
advances become general among i
competitors. This statement w4
construed as indicating that Il
United States Steel Corporate
will be closed TO first fix her sche{
ules for its finished and send
finished steel product aad Il VI
recalled by some who are COT
versant with the record Of the trad
that such a step had ar imperial
and favorable bearing on the std
industry some years ago when Il
demand had ruled light and outrf
was far below the capacity OF Il
pants.
There are few who Comprehe
the volume Of business in Germs
marks transacted in this city VIII
such movements as those Of Z
past week are in progress. at
Of the leading bankers stated IN
the sum Of 1000. 100000 marks "
only a small amount TO name as
total OF the dealings in this mark
during the past week and m
statement was confirmed by 9th
banking dealers. II was said
some handlers OF German curreny
that deliveries Of mark notes we
slow but those OF the highest ella
Of dealers said that there is
reason why there should be
delay in deliveries OF currency
one banking dealer said that
would he willing to contract nd
for quick delivery OF 1000. 600 q
mark currency.