davidaulloa/AmericanStories huggingface dataset:
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
Business Notes

A brief survey Of the business SIT
uation by groups Is given by The
Bache Review Of New York as fol.
lows.
Copper-Domestic and foreign con-
sumers are buying little.
Caution prevails in the cotton
goods trade. with buying for nearby
requirements only. Many Fail River
mills have shut down for week.
The grain markets arc working ir-
regularly lower.
In lead and zinc. demand Is slow,
both here and abroad. and conces-
sions are offered.
Gasoline and kerosene prices are
weak. market dull. and export move
ment disappointing.
Raw silk princes are lower in a
quiet market. consumers Indifferent,
and concessions offered.
Crude rubber has had heavy
break. There Is a large import
movement and light consuming de-
mand. Tire manufacturers, however.
are experiencing a strong demand.
and stocks are said not TO be large.
The wool and wooden goods busI-
ness Is exceptional. In this trade for
eign markets are strong and the do
nestle demand good, with production
very large and prices profitable.
The fact that car works are well
filled up for months, accounts for
light orders in locomotives, freight
cars and passenger cars.
Automobile and parts manufactur.
crs are following n cautious policy In
purchase OF steel requirements.
In the wire trade. demand for
fencing. as we'll as for mesh for new
construction and for road building,
has fallen off.
The steel composite price repre-
sents a recession Of 10 cents per
gross ton from the peak OF the pres
ent movement reached in the fourth
week OF April.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
CANADIANS Get
new LAND PLAN
Settlers Given "a Years to
Pay for Farms

MONTREAL. May a. Radical
changes In the land colonizing policy
OF the Canadian Pacific railway
which. Il il believed, viii advance the
settlement Of Western Canada by %
years. were announced BY President
y. w Beatty.
Under a new plan the company
win take the indebtedness OF farm
era who have contracts with H. re-
write their contracts and spread the
indebtedness over period OF -
years on an amortization basis.
About $4,000 farmers In Western
Canada. u IL said. VIII be affected by
the new plan. as well ~ all incom.
Ing settlers preparing 10 take up
company land.
The ucttler, according 10 the new
terms. will pay the same amount an
nually for - years and upon compile
ton Of the saith payment will receive
title 20 the land No annual payment
Of principal and interest combined. II
is stipulated. shall exceed per cent
OF the cost Of the farm. The plan
williabsorb tho total Indebtedness In
easy terms. The settler viii have the
privilege OF paying for his farm in
full after the first five years. II he
desires
THE future Of Western Canada. %
said Beatty. rs dependent on greater
population. To get desirable immi-
grants We must have we'll satisfied
settlers. Tho new plan will. IN our
opinion, be a powerful factor in
stimulating settlement beyond any
thing yet attempted. for IL will prac-
,lcally insure the farmers success on
his holdings.
Amortization Of the purchase OF
farm lands by our company Is orig.
iaai. but adapted along the lines OF
tho federal farm loan act OF the
United States. which was put into
force at the conclusion OF tho war 10
assist needy farmers with rural
loans While tho federation farm
loan scheme allowed loans TO only 60
per cent Of tho appraised value OF
tho farmers lands. the Canadian Pa
cific railway scheme amounts 10 100
per cent. since the company IL the
sole owner and creditor and la In DO.
aiiion 10 amortiza tho full value OF
tho land"
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
Financial Flashes
From James MacfarIane 8 Co.
81 Second Ave.

twenty-five million-dollar merger
OF movie interests aims to rival Fa-
nous Piayers-Laslky.
Reading earned $3.50 on common
last year.
shipping board rejects Bethlehem
Steel claims
German financial situation Is
worse
Norfolk & Western net after taxes
and charges In April. si,7To.7s3. ver-
sus s1.sss,ao2 In April. is.2: four
months. sf.sss.T2o. versus s5.aos,sT8.
Pacific OIL earnings In 1929 were
s2f.43.. COS. versus sso.i44.to3 in 1891.
Indefinite suspension OF oil drilling
operations in Usage Indian ressrva-
ton In Oklahoma has been granted
by secretary OF interior. Authorize
ton OF suspension was said to be re-
suit Of petitions from oil operators
that there was an over production In
the fields.
Federal redlscount rates will be
maintained at their uniform level OF
"a per cent for present. IL was an
nounced at meeting OF boards adyis-
DRY council.
April earnings Of Union Pacific.
tho showing an increase over year
ago. showed decrease from preced-
ing month. but brought forth some
favorable comment and was re-
sponsible for some Of the upbidding
OF the rail issues.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
COTTON SHOWS
PRICE CYCLES

NEW YORK. May s4.-An inter.
esling exhibit OF price movements in
the last three or four months Is FUR
nished by cotton and cotton goods.
About the middle OF last December.
spot cotton. New York. was selling
around ss cents per pound. IL
reached its highest price during the
week ending March IL. when the
average price was si.i0 cents. The
average price this week was again
around IS cents So that tho decline
in prices OF cotton and cotton goods
has. up TO this tine. about equaliod
all the gains made In tho upward
rush OF the last three months
Other commodities have had a
somewhat similar history OF rise and
decline during the first quarter OF
the year and up 10 date--copper. lead
and zinc. for instance. Tho decline
in cotton and copper prices has been
attributed TO recent falling off In
European demand In 1891. ss.5 per
cent OF copper produced in the
United States was exported. and GA
per cent OF our cotton.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
CLOSE LARGE
DEAL IN FRUIT
thirds Of Berry Crop in
Western Washington Sold

Tho largest individual transaction
in berries ever negotiated In West.
ern washington was concluded be-
tween r, D, Bodie, manager OF the
Puget Sound Berry Growers asso.
cision. and fruit Gamers.
The deal insures a market for
I.slS tons OF Strawberries. raspber,
ries and loganbcrries. which Is ap.
proximately ,wo-thlrds OF the total
crop.
Tho total price involved In the
DIAL is 100000. prices being prae.
ueally tho same as those OF las,
year. which viii mean reasonable
profit TO producers. As Gamers
prices normally fix the market price,
small fruits should be about Sc IS
u crate 20 retailers and 10 cents a
pint 20 consumers.
The Puget Sound Fruit Growers
association includes the White Riv.
er and Vashon cooperative aSsocla.
tons. and tho berries involved IN
the contract would require is5
freight cars for rail transportation.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
new BUILDING
FOR PHONE co.
Structure 10 House Garage
and Shops

Construction OF a $4,000 build.
ing for the mechanical and repair
departments Of the Pacific Tele-
phone and Telegraph Co. was com,
meneed wednesday on the iriangu-
lar block recently bought By. the
company. a. a cost Of 100000. az
the corner Of Valley ST.. Falrview
ave. and Minor ave. ", opposite the
big assembling plant OF the Ford
Motor co.
The present structure Will occupy
only part of the tract. leaving space
Tor future growth. The building
VIII provide q garage for the y au-
iomobiles and trucks used By the
company in the Seattle metropolitan
district. az well as an automobile
service station for Seattle and cities
10 the north
The building also will house the
various mechanical shops OF the
construction department. and the
upper floors win be used for the
departments offices. Construction
Of the building Is being done by the
Sound CONSTRUCTION and Engineer
ing Co. Of Seattle.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24

The Standard on company CSew
Jersey In a statement just issued
hru the May issue Of the Lamp,
has entered into frank discussion
OF lts affairs and its policies The
occasion which has prompted this de-
llYerance is the recent senate sub
committee investigation OF certain
phases OF the petroleum industry To
this episode the Standard OH COM
pany (Now Jersey directors nppar-
entity attach little importance except
In 20 far as IL has given them an op.
poriunity for statement not only
upon subjects covered by the inveati-
cation. but collateral matters ~ well.
Tho personnel OF the senate sub
committee Is ignored. and the state
mont fatty charges that the guiding
motive Of the investigation WAS po-
lltical. and that there was no sincere
effort TO ascertain the facts OF the
petroleum situation. In these cir
cumntAnccs. the Standard OIL com.
pany tNew Jersey says that the
only course open 20 II Is TO appeal 10
public opinion. and Il expresses con-
fidenee that In this forum the COM
pany will receive "a full measure OF
justice and that mere hze In itself
viii not influence the judgment OF
this court
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
Vessels in Port at Seattle

Smith Cove Tcrminai--pler A--Str Anu
masan Maru. Pier B--S,r President
Jefferson.
Great Northern Terminal--str Toyooka
Mnru.
Bell Street Terminsi--u, q. l.. II. 4.
Heather. Admiral Evans,
Grand Trunk Pacific Termnal--str
Queen.
Pier il.B--Str OwcEo.
Pier G--str Arabia Maru
Pier s--str Alemad. Latouohe Redondo.
Pier A--str Admiral Nicholson.
Pier B-str Admiral Sebree.
Pier D--str Admiral Rodman,
Union Pacific Terminal--str Mssourian.
U. g. Shipping Board Moorlngs--str Anna
II. Morse.
Connecticut street Termnal--s,r Ituroha
Maru.
Atlantic street Terminal--Mtr cooicha.
Milwaukee ocean Terminal--Sohr @. H.
Holmes, str PHrana.
Iianford Street TcrmlnRl--str slnaioa
Todd Drydocks--Str West Nilus, atr West
Ison.
Puget Sound bridge q Dredging CO.. str
Patterson.
Amos Terminal Co.--Bktn Maknwoli
Heffernnn'a Drydock a TermInnl--B Bark
GratIa.
wlnalow Marine Rallway--sohr Betsy
Ross, achr Commodore, rchr Camano.
bark Belfast. barge coqultlam city,
Henry Willard. bktn Phyllis Comyn,
whalcra star Nos 1. ?. ..
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
RESERVE RATIO
SHOWS DECLINE
Banks Report Larger Paper
Holdings

Increases Of $4,000. 600 IN discount
ed bills. OF iA.6O0.0oO Ia accept
ances purchased in open market and
OF 33.i00. 900 In United States secur-
tiles are shown in the federal re-
serve boards weekly consolidated
bank statement issued as at close OF
business on May i6. 1923. Deposit
liabilities show an advance OF $751;
O00, 600. while federal reserve note cir
culation decreased by $s.s00,000.
Total cash reserves fell off about
100000 and the reserve ratio de-
cllned from 761 TO 75-5 per cent
Larger holdings of discounted
paper are shown for all reserve
banks. except the bank at New
York city. For the latter the de-
crease in these holdings was $780,
500. 900 as against an aggregate in
crease OF s47.S07.OoO for the other
banks. AS against the substantial
liquidation OF discounted paper the
New York bank reports an increase
OF sis.sO0, 900 in acoepfances pur-
chased In the open market. and OF
81, 100000 in United States secur-
tiles.
Gold reserves show "a reduction
for the week OF about $1,000, 900.
The inter-bank movement OF gold
during the week resulted in In
creases OF s32.4Oo,OO0 in the gold re-
serves OF the New York bank and
of $1,000, 900 in those os the San
Francisco bank. Smaller increases,
totallng s4.700.o00. are shown for
the Atlanta and St Louis banks.
Cleveland reports the largest de-
crease in gold reserves. amounting
10 s24. 1000 and the emainin
seven banks a total decrease OF sie.-
500 900.
Holdings OF paper secured by gov
eminent obligations increased dur
ing the week from s35s. 500. 600 to
$3.50. 200. 900. or the total held on
May 16. s2o4. 100000, or 5s.s per
cent. we're secured by United States
5Ids: s2ioo.o 900. or o.s per cent.
by Victory notes: si42. 700, 600. or
1876 per cent. by treasury notes.
and $40. 500. 900. or 90 FER cent, by
treasury certificates. compared with
s1ss. 100. 900. $4,000. 600, $15s, 200. 900
and 100000 shown the week be-
fore.
81 IL
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
COMPLETES WITH
OTHER COMPANIES

A. proof OF It's assertion that there
In no hidden understanding between
II and the other units in the old
Standard OH group In the conduct Of
business In the United States. the
company points out that II Is actively
competing for the possession OF for
cign petroleum fields not only with
every other large petroleum unit In,
terested in these areas, but with
other Standard oil companies en-
gagged In like cndeayor.
The statement quotes the evidence
OF President Walter c. Teagie OF the
company before the senate sub-com.
mit.ec on this subject. when Teagle
said; THE industry. thru many sep
arate agencies. IL even now engaged
In planting American commerce
American influence and American
opportunity In many foreign lands
and In this and In its service "a
the American people II seeks the CO.
operation, the sympathy and the
support OF the government and Of
the nation"
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
INVESTMENTS AND
OWNERSHIP

The investment, OF the STANDARD OH
company tNew Jersey in Its foreign
business. including its floating equip
meni. was at the end OF 1891. In the
nolghborhood OF s25o.0o0. 600. II Is
not only the largest American ship
ping concern. but OF the 10 larges,
steamship companies OF tho world re-
ported In Lloyd's Register. the Stand
ard OIL company (New Jersey is tho
only American name 70 appear. with
the one exception OF L. s. shipping
board tonnage the American flag Ii
seen in more foreign ports thru the
medium OF the Standard OIL company
(New Jersey than thru any other
agency.
On the subject OF the ownership OF
Standard OIL company (New Jersey
the statement made Is that there are
now over 10000 names on the stock
list. The ownership OF the company
Is passing every year more largely
into the hands OF the general public,
and there Is no control BY any indi-
vidual or by any group.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
SEATTLE BUSINESS-Fina Finance, Produce, Shipping,
DO YOU KNOW?

GEATTLEs trade territory pro-
- ducea 5s.ooo.0eO pounds Of
wool annually. Arrangements
have been made whereby Seattle
Ia 10 take rank as tho chief cen
ter Tor wool, mutton ana hides
produced la the Pacific North
west. Puhliely-oWned terminals
store the hides and wool, keep the
meat refrigerated ana let the
farmers marketing system sell az
advantageous times.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
New Port Townsend
Phone Line Opened

After several months Of construc.
ton at various points on the long.
distance telephone lead between Sc.
attic and Port Townsend. the Pacif.
ic Telephone and Telegraph Co. has
completed the outside Job and win
be able to add another thru talking
circuit from here 10 Port Angeles.
Much new wire and pole construc-
ton was carried on between Seattle
and Port Townsend The last part
OF the job has just been finished by
rerouting nine miles OF the line near
Port Townsend.
This work has cost nearly $40 900.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
Belgium Collects
Gold in New York

NEW YORK. May 24.-The ship.
ment OF 100000 gold marks to the
United States by Germany. reported
recently In cable dispatches from
Berlin. Will be deposited In this coun-
try for the account OF the Bank of
Belgium.
Bankers suggested as reason for
this action that the Bank OF Belgium
desired 20 use the gold and directed
It's shipment here to avoid the prohi-
bitio'i against gold imports in Bel
giums.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
Big Oregon Timber
Tracts Are Bought

PORTLAND. ore. May 2t.-Of
two tracts Of government timber sold
by tho Portland district forestry
service, the shevlin- Hixon company
Of Bend, Ore. bought 100000 feet IN
the Dcschuios national forest. con-
aiuting OF yellow pine at $3.50 a thou
sand
The Wind River Lumber company
bought 100000 feet In the Columbia
national forest. This was mixed
growths and the prices were 50 for
white pine, 1850 for cedar and fir
and 80 cents for other species.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
Arrivals and Departures

ARRtvED-Msy 81. str MissourIan
from Hamburg. via london. Boston. New
York. criatobsi, Balboa. San Pedro and
San Francisco. at $40 A. m. str Ara
ba Maru from Vancouver d. c., via Ia
coma. al 1880 y. m: str Parana from
Antwerp via Liverpool. Balboa. San
Pedro and San Francisco. at a. m.
May 22--str Kureha Maru from Kobe
via GrAys Harbor, at 6 .. m.
SAILED - May 20 - Str Queen for
Southeastern Alaska, at $3.50 a m: str
Arabia Maru for Hongkong via Yoko-
hama Kobe. Shanghai and Manila. at
10 a. m. May 2s-Str II. r. Alexander
for San Pedro via San Francisco, at I D.
nj mtr Anvil for Kuskokwlm River
ports and Bethel. Mt 4 p. m; str Konkgo-
ran Maru for Tacoma. a, 2l5o .. m. !:
str Birmingham City for Antwerp via Ia.
coma. Vancouver. n. O., Portland. San
Francisco. San Pedro. Balboa, Liverpool
and London at p. m.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
Denver Live Stock
Meanf.day.. Qnelallen.

Cattle - Receipts. 5.3o0: market.
steady TO strong. Steers. $40
calves. gi509is50
HoEs--Hecalpta 1850; market. 100
f5c lower. Top. $40: bulk. ss.7s
M-.
sh~ep-R Receipts. 1900: market, asc
lower. Spring lambs, ItfT5a
1915: ewes. ss.5017.S0: clipped
lambs, gi5Uit
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
Freight Embargo
Caused by Fire

The recent fire in the Southern
Pacific tunnel. between Kennel and
coran. in Northern California, has
caused the placing OF temporary
embargo on freight for points on
the Southern Pacific south OF these
towns. II was announced Wednesday
By c. ~. Andrews. district freight
and passenger agent for Seattle.
Andrews states that shipments
VIII be accepted for the territory by
way OF Ogden until the tunnel is
repaired.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
Occur d'Alene to
Get New Railroad

SPOKANE, May .i,--First steps
toward tho construction OF an i'm.
poriant logging railroad by the Ohio
Match company into the Burnt Cabin
district OF the Occur d'Aleno national
forest were taken yesterday when II.
a. BigEs. civil and contracting en-
Eineer, was given the contract for
surveying The several alternative
routea
Counting construction and equip
msnt. the road VIII represent prob.
able Investment OF 100000.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
GRAIN MARKET
CLOSES LOWER

CHICAGO. May sa.-Grain prices
closed lower on the Chicago board OF
Tho weakness in wheat was fur
thor augmented by the government
weekly crop report, which showed a
generally good condition. with fields
making satisfactory growth Ia pFao-
ucally all sections.
Corn was under heavy pressure.
due 10 the relatively hiFh prices
compared with wheat. increased live
stock shipments. which have result
cd n reduction OF feeder demands.
anu leas urgent cash Inquiry.
Kansas City reported the Southwest
has stopped buying corn aud IL prac-
tieally out Of the cash market.
Oats declined with other grains
Provisions were irregular
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
To Hear About New
State Blue Sky Law

Secretary OF State Grant Hlnckle
viii deliver an address 20 Seattle
bond salssmen AT tho Rainier club
Friday noon. on the new state blue
sky law. A. a special meeting nj
a;so In the afternoon. at tho Rainier
club. he Will address Seattle brokers.
Preparations arc being made for a
large attendance at both meetings.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
San Francisco Produce

Wcdnrsda1's QuotatIons
Butfer-Extras, t5isc; prime flrsis.
sc.
Eggs - Extras. ale: extra fIrsts.
3Dlc; extra puiicts. aGe. under
sized puiicts. 2ttkc.
cheese-callfornla flats. fancy. &c.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
NelD York Stock Market

NALL STREET
% Sendsnse in the financial situation progeed with the offer
n issues showed faE gains tho previous close on tho
steel advanced osH
the
IT,. and for this
=
OFT hehhem steel san, OF ~ baldwin Locomotive
iSrk Central sA California i0lh, New
up sudebakcr i0SA
ltodnets. lst. OF 4.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
Wheat Growers in
New Organization

MINNEAPOLIS. May ga 81
gantic pool TO handle all grain from
II Northwestern states was formed
here yesterday.
II is an amalgamation OF the or
ganizatien now functioning in these
states and will be known as the
America Wheat Growers association
A small payment down and regu,
lar monthly payments will buy a
used car. See the want ads.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24

CNoie. Here Is the Standard
oil eompany's side Of the oil
question. The company has
given the public what seems 10
be u fair presentation Of the
facts NJ they see them; and. In
the Interest Of fairness. The
Star gives the salient features
Of their reply 10 recent accuse.
iionsl.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
DOLLAR GAS
SAID TO BE MYTH

| Combating the assertion OF the
senate subcommittee OF the posi-
bllity OF the American motorist being
forced 20 pay n dollar n gallon for
his gasoline. the statement reprints
an analysis OF this prediction by DR..
Warren X. Lewis. head OF the de-
partment OF chemical engineering OF
the Massachusetts, Institute OF Tech
nology. IL riddles this assumption
and proves that entirely apart from
competitive conditions and the fact
that an abnormal price for gasoline
would decrease rather than increase
the earnings OF the petroleum com.
panies. various motor fuel substitutes
would enter the zone OF commercial
exploitation upon any material adj
vance In the price OF gasoline.
Moreover. the statement sets forth
that far from domination OF the pc
troleum business by any company or
group of companies. the most intense
competition exists. New petroleum
units, financed by the sale of securi-
ties TO the public in the past ten
years. have ranged over the entire
marketing field OF the United Stntes
and competed so successfully with
the existing companies that they now
control So TO so per cent OF the bust
ness, as compared with the 10 TO is
per cent at the time OF the dissolu-
ton of the old Standard oil company.
PROFITS ARE
NOT EXGECGIyE
! On the subject of earnings and as
opposed TO the contention of excess
sive profits. 1t states that out OF
every dollar il has received. from
consumers OF petroleum products in
the past two and half years. II has
retained as profit az cents. Assum-
ing an average retail price OF %
cents per gallon for gasoline in that
period, II states that It's profits have
been less than cent per gallon and
that on typical sale OF five gallons
OF gasoline at u filling station, involv-
Ing the expenditure of Sis5 by an
automobile owner. the company's
profit Is $40 cents.
The statement argues that distort-
Cd Impressions az to huge profits
arise from lack of appreciation on
the part OF the public of the amount
OF capital Invested In this business,
and IL states that large as these earn
ings seem, as expressed In dollars,
they have during the past ten years
averaged only 1876 per cent on the
company's investment.
Since the dissolution of the old
Standard OIL company, the share-
holders OF the present Standard oil
company New Jersey have re-
coivcd In dividends an average OF ~
per cent per annum on tho net assets
of the company, and during the past
two and half yenrs the dividends
have averaged only 2.S3 per cent on
the net assets.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24
Weather Bureau Report

TATOosH ISLAND. May SIS q. m.
barometer rising. clear. wind north
west. ~ miles an hour Passed In. a two.
fnsstsd freirhtsr. black hull. large white
letter c. on stack. mt .. m, str Yose-
mite, At q. m. str Point Adams. at
1.s0 a. m. Passed out. an n. Y. X.
liner. at .. m. str W. II. Chamber
lain, at q. m, afr Noriina, at s.5o a. m.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-05-24

Sales OF Studebakcr in second
quarter OF current year will exceed
40 900 cars. and It's net profits
after taxes are expected to be be-
tween 10 and IL per cent on common
stock. according to president OF com
pany.