Evening star., 1922-05-27
FINANCE AND TRADE NOTES

! Word was received that the deal for
Ine purchase Of the Toledo. Angola &.
! western by Sandusky Ohio Cement Com
pany has been closed. The cement com
pany is at work on a $500, 600 plant at
SILICA, Ohio ~'
Ihe terms on which Republic Steel.
, Midvale Steel and Inland Steel are To
go INTO proposed steel merger are be-
ing widely discussed in financial circles
90 tar as announced definite terms FOR
arnalSamation have not yet been agreed
upon.
Reading has declared regular quar-
| terry dividend of l per cent on second
preferred, payable July 13 10 stock of
! record June 25
Colorado Fuel and Iron shows a deficit
Ior hrst quarter OF 1922 of s431.26s
! rms compares with earnings of 27 cents
1921. o. a0"''e' u
Iowa crops have suffered greatly for
iach or rain the past week, according
/ to reports received.
Stewart Warner Speedometer sales
Tor hrst week in May were double those
for corresponding period in 1921. The
number of workers employed has been
doubled since January /.
Daily crude oil production in the
United states for week ending May 20
averaged 1,429.700 barrels as against
l'42z,4o0 for previous week.
Denial has been made from Boston
that recent buying in stock Of the
New Haven road has been in an effort
by the New York Central or the Ca
madam Pacific to secure control of New
Haven.
Curg exchange governors announce
that Eugene E. Cert and James Gilligan
have been suspended from membership
for thirty days.
jump of points over night to 30
in American Ice preferred, noncumula-
tive per cent stock set Wall street
to wondering what was up. There have
been all sorts Of rumors regarding ice
stocks. but the latest is that the pre-
ferred may be retired. There are $50, 900
shares OF ice preferred and only $4,000
shares of common
New York. Chicago and st. Louis
quarterly report for period ended March
81. amounted to s1,174, ,007, after charges
and taxes. as compared with but $555, -
o2s for same period year ago.
1t has been officially denied that
United States Alcohol has signed a con-
tract with Standard Oil of New Jersey
for its production of alcohol.
United States Steel has contracted for
two ore-carrying steamers from Ameri-
can Shipbuilding. The two ships will
require 5000 tons of shapes and plates.
Colorado Fuel and Iron for first quar-
ter of 1922 reports deficit of S431, ,26s
against surplus of s134,s9S in correspond
ing period last year.
Stewart Warner Speedometer has
called for retirement September / at
1O4 $1.S50.000 of the s2.000,00O five
year per cent notes due March l.,
1926.
1t is predicted Chicago market for
pig iron will again be advanced within
next three weeks. Demand for east
ern district iron is less pronounced
than for weeks, although prices are
firm.
Increased production of B. F. Good
rich tire plants at Akron has brought
tire production there by all COM
panies up to about loo. 900 tires a day
and it is believed the entire industry
Will line up in general forward
movement
Hudson and Manhattan reports for
April q surplus Of $S0,233 after all
charges, including $137,s25 in inter-
est on us adjustment per cent
bonds. contrasted with a surplus Of
only $3.50 in April, 1921.
Hudson Motor Car has declared
an initial dividend of so cents q share
on its no par value common stock.
payable July 1 to stock Of record
June 20, and a dividend of $3.50 q
share, as of the same dates, on 100
shares Of SO par value stock.
Humphreys Oil has declared an
initial dividend of per cent, pay
able June Is to stock of record May
81. Net surplus for first year Of
operations was $5.s80.000 and net
current assets about $S,000,000.
For April Mash Motor reports the
largest single months sale Of passen-
ger cars in its history Orders re-
ceived up to May Is showed a 81
per cent increase over April.
Wholesale clothing statesmen. back
from fall selling trips. report fair
amount of success in booking orders
for new season. Majority Of sales
so far have been placed on over-
/. .tst-