Every evening, Wilmington daily commercial., 1922-02-09
FINANCIAL NOTES.

The Huntington and broad Ton Noun
iAln failfpad ana toai Company reports
Tor 1921 total operating revenue OF 81,
ntl in' ana net operating income OF
tglp.s Net Income FOR year WAS
sa- aun, cdual 60 a3B per cent on its
- np'i 'ru preferred
>nrth"rn Pacific Company reports for
1927 net inroms, after tases and charges.
~ so phs 400. equal 20 - 50 a share on
ihr outstanding capital stock. az against
s..,ascs % af feder 20 eompepsa,on ps1 masn abs ,ss
fhe standard on Company OF New
York has reduced pficc of gasoline two
and the standard oil Company oi New
Jersey cent 10 30 cents IA New Jersey
Ic-ttNins before the interstate com
mrftc commission regarding a general re-
duction m rates. Walker ID. Hines. former
director General Of railroads. said. First
We could count upon With absolute GER
taint' that n would still further dcpieto
the reserves OF the railroad companies.
unless the reduction was such as 10 in
crease fh' business 10 AL extent where it
would MAKE more net railway operating
lrohahl> reduco the purchasing power OF
the railroads. both directly and because of
the psychological effect. and that would
y" 70. vppo.l. 20 contributing toa res
The report OF the American Hide and
lea,h'f Company FOR the last quarter of
ln3l and Tor That year was made public
After charging of 900 600 for reayjust-
mcni uf inventory and s2ss. s3l fif de-
pr'~isiion, loss of $3.50 257 was reported
the minds Of those who are familiar with
the cumpanls affairs az To whether the
adjustment Tor inventory Was not unduly
hbcral. without this charge. the com.
lsnA would have shown net profit OF
approximately saoo.ooo for the year
iuf the last quarter net earnings OF
500 ,ecl wrr" reported The stock made
no RESPONSE 10 this favorable showing
Tho General Motors Corporation Ia.
sp~sd"d production In it, Cadillac plant,
81 Detroit. which are nov working. witt
IN the history of the works aud 20 pei
cent larger than usuai at this season.
AutomotiNc Industries says. "renta
Nv" production schedules IA the Detroi
district fpf February reflect the cOnndenc.
inspired In manufacturers by the interes
IA notofcsrs displayed by the public a
me Sew ngrA, chicago aud other show
held thus lar This increased actiViti
has resulted In better business FOR lii
parts makers
Annusl reports Of Baldwin aud Ameri
can l.ocoinoule companies viii be ou
carl, In March Both concerns are es
psvted 20 show large earnings. Baldwin
peins placed az between s28 and s25
share on common stock before special re
~sfycs, whilr America net Tor common
after al deductions. j. estimated at owe
llS share.
penns, vanls Railroads December carr
tnss lnd.cst. that the complete 1927 af
ON the tanv, lfa. 400 stock, in other word
= surplus of around xi5Oor 600 TO appl
sxatnst diNid'nd roauirements of close :
osu,Uou 600 Finally audited figures ma
ur better than this. the exact result a,
pending upon certain adjustments as I
lApvvvr it~ms from the guaranty period
OtAs~. reports the Iron Age. THE Blu
ipSton has bought $500 cars inrolvin
~ 200 tone of .toei, the largest order
khe kind In many months The road ha
6ou lpore cars - place, and the 81 Pau
the Norfolk and Westcrn and other line
brins up the total OF pending car inquiri,
un,n.,, IL uadcr & ooso,,a, V1 pnclds, passsdsE,
90 cars FOR tho Central Railroad Of Ne
yefs~, and 50 for the Baltimore and Ori'
The tnion Pacific has bought %5 cars r.
passntxcf rrvice The Burlington ais
vii BUY 15 locomo lives. tbe Denver an
klo 0rAndc 10 aud tho other roads 10.