Every evening, Wilmington daily commercial., 1922-11-25
FINANCIAL NOTES.

According TO the American Railway
Association. tho daily average loading of
bituminOus In the hrst two weeks Of this
November was 81 .255 cars compared with
loadings have. also averaged higher. at
1857 ears daily.
The STANDARD OIL Company Of New
Jersey reduced price of gasoline cent a
gallon 10 ~ cents and 20 cents at various
points In North and South Carolina
inquiry for both ears and locomotives
II active. and all indications point TO
continued good buying of railroad equip
business covers 10000 cars and more than
200 locomotives
Pure on Company. will receive 81 .,oy-,
500 additional stock IN the Humphreys on
Company. as a result of rs per cent
STOCK dividend by the Humphreys Com
pany.
The Boston and Maine Railroad Com
pany was yesterday authorized To issue
ff.WO.UO0 per cent rcfunding mortgage
bonds. To be sold at not less than 81 80.
Proceeds will he used To pay. retire or re-
fund bonds Of ts subsidiary companies
Tho Brooklyn Rapid Transit system
reports for October net income. after total
reductions. of $3.50. .92s, against s2i .73i
In october. 1921. For four months net
was 81 .O32.lli. against s12tUJ7.
Car ioadings for the w,vk ended Novcm-
her II totxled 300. according To the
report of car service division Of the
American Railway Association. The de
current supply totalcd la .1pS on Noycm-
her \, a decrease OF a15I cars. compared
with total ON October 81.
Reports of trade in the Philadelphia
district" say r. G.. Dun & Co. con
tinue in most optimistic train. For
the first time In some months. some
mill report declining orders, having more
on hand than can bc filled in "A reasonable
time. lobbers OF staples report most
encouraging conditions.
Accor ing In an extensive QUESTIONABLE
sent out by the New YORK Merchants
Association To selected list of u 600
carefully chosen business, houses. the
opinion IN held almost uniformly that
conditions are basically sound.
silk consumption in October SURPASSED
sn previous records. with "A toig u AZ
b2l bales. compared with o,2i2 IN
September and 2o.sl6 bales In october q
year ago. Various grades of raw silk
nave gone up from 80 To % cents pound
Tho Federal Reserve itnk OF Phila
dclphia yesterday reported its rcscrN'
AT 16.1 per cent. comparing with - a pc
cent week before and IS per cent las
year.
The United States Rubber co. report
Tor six months ended June 80 net prom
OF S.O52, ,olS, after interest and de
| probation. making beyond preferred divi
| dcnd equal 10 30 cents share on S3l d.
600 900 outstanding common STOCK.
! Further additions are being made e
active iron and steel capacity. ana tn
/ rise of production still n the Commandini
/ feature, reports the Iron Trade Review
! Operations are working close to 80 pt
! cent. the best record in two years. \
I Pittsburg the Jones n Laurhlin steel Co
] for the first time In two years has all ~
/ II blast furnaces In commits sion The
last furnace Of the Carnegie steel CO
group at Youngstown n going In. lnde
| pendent sheet mill output has been lifte'
To the highest point ever reported stats
tically. scoring almost % per cent u
/ October.
! AutOmotiVe Industries says. "Nolun
| of production In AutomOtiNo plants
I remarkably clos. to the levels of pctobsI
when operating schedules exceeded a
records for that month. This Is bein
done regardless of the fact that las
month was occupied In part with catchin
up on production for september. whe
] coal shortage caused a curtailmsnt