Every evening, Wilmington daily commercial., 1922-07-01
FINANCIAL NOTES.

The Maxwell Motor Corporation asks
holders OF the series u : per ccn notes.
due Juno ] next year, 70 tender notes
which ,hey, would Nd sell esins prepared
lvldonco % returning business pros
refiy l. shown Ia a survey By the Ma
iionsl HAM OF commerce OF New York.
Ssssts Z" N. eSmpsrSlier Of The cur
rency Recovery has been more marked
IN cities has Ia rural communities
grges revenues OF the Philadelphia
asssSrssss II W"'6f,.as7, comparSG SitS
MAY. 1891. and of si4i st2 from April
last In the anthracite region there
ing while Shipments 81 bltuminous have
been reduced by tho strike.
tn rise in prices began a little more
iessnA. a, year r ssS s"\S ,hs ycr N"''2 has
brought many prime securities back !.
what would have been al average yield
before the wal ~ some allowance 10
made Got the altered tax situation New
OFFERINGS have been heavy for a long
time, The apparent instability " the
market, NaHpd IN part on the cNpcosa
yen .! a~dys9s,ng prices; caused un
OFFERINGS in Hnme Instances have been
81 pFiCen 60 Weld lees than tho inNesttng
public " ~ Yet prepared g. accept
belmont Development Company for the
nrrt.guartcF year RmounAd 20 slG3
pee, against 'ieela' IN tho last quar-
Tho strung movement In Coca cola
today n baaed upon realization % tho
fact that June earnings Of more than
100000 constitutes a new Nlgh record
quarter this company not only earned
the entire years dividend on the $40,
10000 preferred stock. but also earned
tho tDooo.ooo dividend due on the com
Information is that the treasury is
making plans 60 offer about $500, 900
GOO 81 ions term bonds within a few
weeks, with the object Of %refundine
more permanently part 81 the early
maturing government war obligations
Tho Victory notes mature next May
hut MAY be called. IN Vhtle or IN part.
some were recently exchanged into -
per cent treasury notes II seems prob
able that the United states Will be adj,
w., S.r hs Ssn, b sTssr@' r pSe' rate mS Sss de sG1 :
have not yet been fully determined.
'rhe psrip branch % the industry
ssys AutemotiNe industries sttl Is
operatine practically a. capacity and
many factories are working day and
nitht shifts The commitment given
them 40 not run far into the future. but
they already have booked a substan,
,iaf volume q bushes for July Tn,
industry ss a whole continues 10 pro
cc'd cautiously
s,ockholders OF the Tobacco Product,
from ks 900. 600 go slbT. 35s 900 for pur
poso % acquiring United Retail Store;
Corporation by exchange Of stock
kso Motors. which has been VerN
QUIET Tor some time, served A. an sctu.
stlns factor in the General Motor yrouI
today. A report emanatlng from DE
uelt 20 Tho effect that Req was con
sldcrins a 100 per cent dividend IN
creased interest IN the motors generally
The American Car and Foundry Com
pan, rcpofts for It's fiscal year ended
Aprll 40 net earninss 81 st.5sS, $50. o
which 10 paid o.. ToO.ouO IN dividends
carrying the balance 20 surplus. which
ro~ stands $50. $50 $50 and 30 equa
TO i.o on the common stOck
Holders ~ keading FIRST and second
rvfcrrei stocks yesterday received a
circulhf from the isclin committee
hficr, stating the outcome Of the pro
cr~dinss before tue United states suprem'
and lie directions as 90 sesre~ aSion
and advising that the committee should
b continued and participate ia the WORK
ms cut OF notifications In the sngresa
ton plan vhich are necessary 70 comply
Packard Motor Car Co is planning 4
Increase production % single skies y
1000 a month approximately twice IN
when M. he~ model was introduced Il
April Never before Ia companys his
tory has NO large a production been or
dcred on any individual model
II IL cominS 20 be a n~eck-snG-necl
race bstv~n the Pennsylvania Rsilroat
and the New York Central as 10 vnethe
The former shall r%estor, rs Q per cen
dividend or the latter rails its rate frou
10 q per cent first Both are 10 goo
prospect within the present year Tn
New YORK Central management 10 ursin
forward both its operating results an
Tho a>stem unincstion plans Some month
ESQ, for example. New York Centrl
ttock Vas offered In exchange for 81
mon aud 80 shares for 100 shares of IN
preferred The more valuable New Ior
'-ntrnl stock IL made the more readil
sill y, be accept.d IN such nay and a. %
corporate lines can bc ohlterstcd ~
o,ns1lidsted income account will ben ef