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

cramp & Sons Ship and Engine
Building has declared regular quar-
terly dividend of 81 a share. payable
June so. to stock of record June 10.
Buffalo and Susquehanna declafed
its regular quarterly dividend of l y
per cent on common and regular
seini-annual dividend of . per cent
on preferred. both payable June 80
to stock of record June Is.
Standard Oil of Kentucky declared
n quarterly dividend of 81 a share on
S2o par stock. payable July l to stock
of record June Is. This is the first
dividend on new stock and at annual
rate of Sl6 share on old 500 par
stock. which formerly paid So quar-
terly.
Daily production of crude oil by
Marland Oil in midcontinent field
now exceeds 10000 barrels. highest
rate of production company has ever
attained.
Mathieson Alkali has resumed divi-
dend payments on preferred stock
discontinued since June. 1921. de
claring ia per cent payable July l
TO stock of record June 20.
Consolidated Goldfields has post
poned action on dividend on first
preference shares until results for
year ending June, 1922. are known.
according to word from London.
Republic Rubber has completed ar
rangements with banks for issuing
$l.ouu,Vuu certlncates OF inuepteuHeSS
TO be used to retire s1.000.000 in GER
tificates issued in January and pro-
vide additional working capital.
South Porto Rico Sugar has finished
it's crop with 10000 short tons pro-
duced as against III. 900 last year.
Cuba Cane Sugar had made about g.
22l.400 bags up to May is. Guam
tanamo Sugar and Manati Sugar are
expected to exceed last years produc-
ton.
Negotiations are believed to be In
progress in New York banking circles
miles of Italian railroads are to be
electrified, and this will probably
mean large purchases of copper and
equipment in this country.
Texas oil has advanced price OF
crude in the Orange, Tex, field 20
cents Il barrel to SIPS. A similar ad-
vance has been made by Humble Oil.
United States Cast Iron Pipe and
Foundry operations have been in
creased to 20 per cent of capacity as
against 55 per cent two months ago.
May bookings have been large and
price of high pressure pipe is up to
about $3.50. Birmingham base.
The Virginia apple crop will range
from so TO 40 per cent of a full crop,
says official report. Peaches will av-
erage up to the ten-year average.
A new high for the year was estab-
New York Stock Exchange, when a
membership was sold for $4,000. An
other was transferred for s9S,O00.
A net loss of s796.402 is reported by
Rolls Royce of America, Inc, for 1921.
Balance sheet shows current asses of
s1.S29.573 and current liabilities OF
s2S4.S7S, which leave a net working
capital of S1,344.695.
Ohio Oil has declared extra dividend
of IS cents share and regular divi-
dend of S1.25 a share. both payable
June 80 to stock of record May 81
President FELTON, of the Great West
ern says that unless wages of rail-
road employees are reduced along with
freight rate cut. the burden on rails
will be most serious and they will
not be able. in his opinion, to earn
~ per cent.
The province of Manitoba has re-
jected all bids for 100000 thirty
year per cent Manitoba bonds.
Highest bid was 1904.
Linens are waiting for better basic
conditions. Retail stocks are not
heavy. Those who wish to replenish
find prices rather high. Importers
cannot market goods profitabIy at
present mill prices.