Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-02

To base the selling OF securities
solely upon the possibility CT a move
by Germany to discard the gold stand
ard Is wholly unwarranted 1t Is quite
likely that appreciation of this fact
may in part at least, have been re-
sponsible for the gains registered In
the afternoon trading, after many new
lows were registered earlier In the day.
Urges Wage Cut.
There must be prompt reduction
OF at least 10 per cent in all rates
OF compensation of all classes of en-
ployes Fred w. Sargent, president of the
chicago d Northwestern Railway, an
effected, will, on the basis of 1891
expenditures, mean a saving of close
to 100000, equivalent to S2.44 a.
share on the l,5s4,3s2 shares of the
outstanding common stock of the road
Mr.. Sargent asked for immediate
consideration of the proposed cut, add
ing that with return of better times
the present wage level would be re-
stored
ID. g. H. Earnings.
Present indications are that the
earnings of the Delaware & Hudson
Co, without drawing upon its sub
sldlary companies, will be about 7 per
cent In 1881, according to l.. F, Loree
president
Inc company has paid its regular
dividend at the rate of SO per annlIm
Tor the first nine months of the pres
ent year and the dividend at the same
rate 1or the last quarter, payable on
december 20, has already been de-
clared by the board of managers.
Traffic at Low Point.
There is no indication of any pickup
Il. traffic over the lines of the Atchjson,
Topeka & Santa Fe Railway, according
TO W. B. Storey, president.
The decline, continues Mr.. Storey is
spread over all commodities with the
exception OF grain. He points out. how
ever, that the change IN revenues does
not correspond to the decline in load
ngs,, which showed a loss in November
OF about Is per cent, compared with
November, 1880. The reason for this
Mr.. Storey adds, resides in the shorter
hauls and lighter movement of high
reVenue-producing freight.
Sees Business Upswing.
Practically all automobile companies
have developed programs that will 90
lar toward speeding economic recovery.
according to L. A. Miller, president of
the WHY'S Overland Co., adding that
there has been definite upswing in
general business during the past few
weeks, inspired largely by decided re-
turn Of confidence.
AS to the industry as whole MFR
Miller points out that it has been work
ing unselhshly to aid IN the improve
m q OF general business and to place
Jus own affairs on a higher plane by
better policies.
success IN these directions, Mr.. Miller
concludes, has already created a more |
friendly and cooperative spirit on the
part OF bankers and dealers who are
most directly and vitality interested.
Sales Increase.
Sales Of the Brown shoe Co. for 1891
on q unit basis show an appreciable |
increase over 1880, says John A. Bush, |
PRESIDENT. MI. Bush ADDS that the cur |
LsnI year mas been very trying one in |
me Snoe business, as hides and raw ma
.eIlas nave nuctuated greatly and |
piices OF tne companys products have |
oeen constantly decreased to give the |
customers the benefits of lower costs |
he also calls attention to the fact that
one must go back to 1914 to find prices
Is low as the new Spring, 1882, list lust
released. jaw
IN addition to gain in net the
5roWn Shoe Co. made further improve
nent In Its already strong financial
position. Current assets approximate
Il times current liabilities, as compared
With 6-to-1 ratio year ago.
(Copyright, 1881, By the North American
Newspaper Alliance, Inc)