Every evening, Wilmington daily commercial., 1922-12-01
FINANCIAL NOTES.

IN addition TO its regular dividend OF
per cent for the three months of the
tu Corporation announced thar each
holder of 100 shares OF its stock would
rccciNe throe shares of common stock OF
The OH Lease Development Co
Fittshurg fshricators who hid on 30 600
tons of electric transmission towers for
the south African railways will probably
.o~ the business 20 British competitors.
who underbic them about sl2.50 a ton
ueliNersd CapetoSn. An order for $50 600
hiNes ~ unpiate for the Standard oil
90 ~ New Jersey. recently offered Amer
iran mills. went TO Welsh makers
statistics Of railroad operating expenses
FOR August show that before the coal
strike began the average price railroads
beginning win April /. when the strise
cutnn'nresi, the cost rose RAPIDLY and
IN August it was ~ - a ton. The rail
~ays use about 1880 600 tons of coal
There has been a further increase in the
Cuuntrys = purchasing power within the
last ies weeks a. labor everywhere is
nov pretty generally employed and as
many cassfs at the wage schedules of war
times Manufacturers and large ern nnlovers
m certain Instances have had TO offer
premiums for competent workers with
tue result that the total renumeratjon
for much Oi such labor has been unusually
hirn.
The Mechanics and Metals National
Iauk % Ncs YORK saws. 'On the whole
tht rotrnt business situation il one that
ts marked by a fair measure Of prosperity
ana though signs Of caution aud reac-
tnnary tendencies are seen here and
there. virtually every trade index shows
lhe Improvement Of the autumn months
larry vel maintained. In view of the
If's'nt business activity. and in view of
tur scope uf the domestic buying it would
appcau that the upssing. of the business
cycie having gained momentum. will
continue Tor some time "
The arranged Aiidvale Steel purchase
~ Tn Bethlehem steel Corporation TO
~ Accomplished through exchange OF
stocks and without any outside financing
after the plan which went SUCCESSFULLY in
tns case ~ the lackawanna steel ac-
gurlton, A. not expected to be inter
fcfcd With BY the Federal Trade Com
tAt Brothers advised tbeir Stockholders
81 purpose 90 increase the capital
uuthprl<eu from $500. 600 20 SIO.-
th th" ana 90 make a 100 per cent stock
dividend. making 5000 900 stock ont
standing, and leaving the authorized bal
ancc for such subsequent use as the bust
saies % Philadelphia department stores
for octpbcr incroa-od per cent over
wnst shey were FOR that month last
bsns That the demand for wholesale
sruccriss strengthened L. seen in the
Tact tnst October sales were 9.3 per cent
sfeater than the previous month, and
per cent larger than the sales of
Urtof,er 1921
The franklin National Bank OF PhiIa-
dciphia says: The outstanding feature
80 th. present business situation is tho
tremendous freight tonnage being handled
by the railroads Transportation con.
gcstlon l. fast being relieved. and business
l. running smoother as a result Their,
ar. many favorable factors IN this month
report. but there are also indication.
of sone easing os IN the total volume OF
ol"r suons. Notable among these arr
a slight decrease In the consumption ot
srudc oil. "A lcssening In demand foI
number aud structural stecl and a smallel
consumption Of wool In manufacturing
a. well as somo Increase in busin, ).
lSlluf,A