Every evening, Wilmington daily commercial., 1922-04-22
FINANCIAL NOpEa.

The reserve ratio OF the Philadelphia
Federal Reserve bank showed an increase
- % April 10 OF one-tcnth per cent to
su-S Per cent,
ronopah Mining Comp ny reports for
the four nenths ended December 81,
1921, net income Of s2Oss1s As against
$50 aSo for tho ak months ended August
n, 1921. The company changed it's
Nscal year 20 conform 10 the calendar
year cross value OF ore shipped TO
the mill IN tho four mouths was Ste5. .e3o.
IA compared With s2s7,S $40 In the pre-
yious 81, months
ractard Motor Car Company reports
y nee loss cf s714 S<7 Indications are
thst the second half OF the fiscal year
viii nnrm Distinct contrast 20 the FIRST
and hat the year will he profitable
one Alvan Macaulcy. president said
tho retail sales Tor twin-ss cars in March
were more than double the sales for the
MaS~cll Motors has Joined the list Of
motor Atocls being favored by local bulls
II IL reported that all of this company $
plants zrc working at ful capacity, and
that whereas January production Was but
2 600 cars. April IL expected To be about
$500 cars and May T,noo cars
Bosch MnsDeto IL reported 60 have Just
clo~>d . bia contract with the lntcrna-
uonAi Harvester Company, deliveries Co
hesin around the mrs, OF next month
Other operations OF the company arc
showing . general Improvement
"rhcrr have been no outstanding de-
velopmrnts, sny X. @. Dun Co. In
trade durins the week, hut the feeling
OF confidence In improved conditions seems
60 grow, and In many lines OF trade q bet
ter business Vas apparent"
That the Pullman Company interests
are seriously contemplating separation OF
The manufacturirS from tho trAnsporta-
reported In this newspaper some DAYS ago
was further confirmed In good informA-
tien r~oived yesterday.
Iron kse ssys The coal strikes effect
upon the iron md steel market In the last
week has been stcn chiefly In advancing pig
iron prices. and In Increased demand
and s,lfrcnlng prices for rolled produc;s
Actual production OF coal has changed
little outside of the Connellsville dis
trct. whore 80 is somewhat less and the
rate of steel works and rolling mill op-
crations il about Is per cent for the Steel
Corporation and close 70 20 per cent for
independent companies
The baltimore and Ohio Railroad Com
pany has placed an order for so now cars
Guiding A. coaches. dining cars com
hinatlon baSsa se and mail cars and pos
TAI cars This equipment will he con
structed by tho Pullman Company. OF
Chicago. for delivery late In August or
carly In Septcraber. at an Appro.imat 70
cost % 81 200, 600
Confidence IN the future was exhibited
in the announcement that the United
states Steel Corporation will construct a
new lap and butt weld tube works at its
Gary plant. 10 add between 20 and 25
factur. steel tubes
Freight cars 20 q total OF 5l,7QI had
been contracted FOR by railroads OF this
country this year to April is. more than
two-nfths Of them during this month
Total ~ orders for 1921 was only IS ,35s
cars
Permits for new construction this
spring have reached the highest mark in
several years says Dun's Review In
number a. well as In value. and in certain
Instances Oil Previous total have been
surpassed With IN aggregate of more
than S2ls 600 900. the March permits
are fully 40 per cent above those OF
the corresponding month OF 1921 -
William NJ. Wood, president Of the
American woolen Company. says: Al
though clothing statesmen have been out
only lew days. our wooden departments Is
have Alrcady been inundated with dupli-
business IL will be impossible for us to &C
ccpt. our worsted business is improving
aud our department heads advise ms
CONSIDERABLE orders have been booked dur.
ine the last fcw days on worsted good.
both plain and fancy -
Report of Republic Iron and stee
Company for FIRST quarter. although show
ins = loss. after charges. of S7I2, ,Os2
compares fsvorably with preceding uuny.
Up 20 noon Thursday Packard Moto,
Car Go. received orders for 20 OF th,
new series single SIX from Chicago. 6s
from Now YORK. 65 from Detroit and a.
from Boston. Company is turning out 80
new models y day and has shipped sol
~ date. Dealers have made deposits or
$500 cars. President Mscauiey declare,
that with business In hand plant can rur
81 capacity FOR at least i've months.