The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-10
FINANCIAL NOTES

New York, May 10.-The April
gross earnings OF the New York,
New Haven and Hartford railroad,
approximating $9,466.399 is greater
than that for April, 1921. But 7
percent less than March of this
year. With a greater maintenance
bill for the month it is expected
that the month will show deficit.
| The Union Carbid and Carbon
company declared the regular
quarterly dividend of 81 a share
payable July 1 to stock of record
June Z.
| Coffee was quoted: May 1922;
July 1910; Sept. 9.72; Dec. 9.53.
Raw sugar: May 242; July 2.64;
Sept. 2S3; Dec. 2.8S. Refined SD
gar: May SIS; July $50; Sept.
Go; Dec. 500.
The British government expend-
ed 15.22S,419 pounds in the week
ending May and received as rev.
enue 12,794.624 pounds. The float
ing debt increased 2,415,0 900 pounds.
Oren Root has been held direc-
tor of the Missouri Pacific to sue
coed f. G. Dyerkes and H. l. Lu-
ter succeeds A. Seguen.
The April copper output of the
United Verde Extension Mining
company amounted to 3,517,902
pounds of copper.
The Pittsburgh Bessemer and
Lake Erie railway declared the reg
ular se1ni-annual 8 percent divi-
!. dend on the preferred stock pay
able June l to stock of record May
rs.
1t was stated at the annual meet
ling of the WHY'S Overland com
many that while the factory was
| far behind in orders production
was being delayed by the difficult
: ty of getting materials. 1t is eX-
pected capacity operations will be
possible by July 1.
: The American Smelling and Re
filming company earned its preferred
dividend in the first quarter after
: all charges, interest, dpletion and
depreciation.
The regular monthly meeting OF
the directors of the American Su-
gar Refining company will be held
;; MAY IT, when the regular dividend
on the preferred stock is expected
to be declared.
B. F. Yoakum of San Antonio
and A. G. Becker of Chicago have
been elected to the board of the st
l Louis and San Francisco railroad
The Argentine Oil Field com
pany. with a capital of 600,0G(
pounds, is offering $4,000 on
pound shares at par in the LondoI
!, market.
Iron mining operations in tn
= Lake Superior region are increas
ing. All the mines of the Olive
Mining company on the Gogebi
range are on full time and mine
of the Guyana range are in opera
ton.
| The United Cigar Stores compan,
declared the regular quarterly divl
dend of 1 ga percent on the pre-
ferred stock payable June Is t
| stock of record May 81.
II In denying reports that the Roya
Dutch Shell had obtained vast con
cessions from the Soviet govern
| ment of Russia, Sir Henry Wade
terding, one of the Shell director;
said: 81 have never seen such
connection of lies as come out
| Genoa. Under no conditions wi
we ever have party to anythin
that would rob previous owner
We will not be receivers directl
or indirectly of stolen property.
II An advance of a quarter cent O
tank car loads of kerosene is e.
pected in the middlewest.
The Davis DAILY Copper Mimi
| company has accepted the bid I
the East BuIS> company for trea
ment of the Davis Daily ores for tw
years.
| The Standard Oil company I
| New Jersey has advanced the pris
of gasoline 1 cent gallon to
| cents. Other marketers in Il
J same territory are expected to TO
low suit.