Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-19
N. 7. Stock Gossip
BY MONITOR.


NEW YORK. April 19.-Despite the
long awaited reaction. which came IN
he industrials yesterday following the
report from Washington that a Repub-
lican caucus in the Senate had decided
10 put through a bonus bin at this ses-
sion. the rails broke away from the rest
Of the market and held their strength
consistently. St. Paul common and pre-
ferred continued as leaders in this group
and worked TO new highs for the move
ment.
Coca Cola. according to Atlanta re
ports is showing a great improvement
in business and with lower cost ba-
sis II is expected that first quarter net
viii show 4 substantial increase over
the same period a wear ago. However,
II is likely that directors will maintain
conservative position at the coming
meeting. and no increase in the dividend
IS anticipated.
Stewart Warner made cocoa on ad-
vance indications. First quarter earn
inGs Of S516,Oe0 against SOL. 900 for the
same period a year ago. reflect the full
measure OF improvement in the motor
and motor accessory Industry. The di-
rectors Will meet Thursday for dividend
action.
United States Rubber, according 10
Chairman Seger of the board has been
showing Il steady increase in business
since the close Of last year
New England T. & 7. stockholders will
meet on May > 10 act on 4 proposal to
execute 4 market To secure the issue Of
funds sufficient TO retire the floating in
debtedness Of the company and also 10
provide additional working capital.
American Smelling & Refining is now
operating four Of its five mexican smelt-
ers. the Monterey plant being closed be
cause OF lack Of ore, according TO VIII
liam Loeb. Jr. vice president OF the
corporation. Mr. Loeb is at present in
Mexico investigating the companies
properties and 10 discuss various opera
ting features with the Mexican govern
meRt.
Colorado Southern. which is selling in
new high ground around 1917 is attract
ing considerable attention here This
stock has done little since 1911. when it
touched 90 and in 1872 when it reached
10 At the present time its position is
unusually strong, and with earnings
running at the rate of 81 per share, ira
hers who are following this stock are
'Xtremely optimistic over prospects that
he s. dividend, which was paid last
ar. might I've declared as a seni-annual
dividend this year. Inasmuch as the
hlraEu. Burlington Quincy controls
'7r-do Southern. and the e. b. & O. in
urn Is cOutLoi4eu ny the mn Todus anu
ie latter are apparently in need of money
this time. there is every prospect that
% C.. II. X .. will collect dividends from
= subsidiary roads to pass on to North
IN Pacific and Great Northern.
With st. Louis & Southwestern begin
ny to pick its way among the rail
ocks, the street is full Of tips and sug-
'stiOns and has been for the past few
avs. This road also show a slight de-
ease in gross from last year, but good
ain In net, the figures for February
cling as follows: Combined gross in
20 was So, 705.46S as against S4.075.73
4 February 4 year ago. Net. after rents
nd taxes for the same period, WAS $f2S-
II as against $3SS 246. In January com
hined gross this year was S1944, $40 with
combined net of S24S,J07.