Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
FINANCE AND TRADE NOTES.

International Combustion Engineering
reports for 1921 a consolidated net
profit Of $596,990 after interest, depre.
citation and federal taxes After divi-
dends its surplus was $36S.567.
New York Centrars report for first
quarter of 1922 shows surplus of So
03S.057 after tax and charges, as
against deficit of $6.529,1O0 in first
quarter of 1921.
April operating income of Kansas City
Southern was s2S4.20o, against s4t4.s55
American Stores declared quarterly
dividend of sl.75 a share on common
placing stock on 81 per annum basis
Previous rate mas been 81. Dividend
is payable July 1 to stock Of record
June 20.
Southern Railway has ordered twenty
locomotives and $3.50 freight cars, 500
auto cars and 100 steel passenger cars
Lackawanna Steel has advanced
wages Of common laborers from 2a
cents an hour to 26 cents.
regular quarterly dividend of III Per
cont. payable juno Is to stock CT record
June 5.
New Niqusro Sugar has declared .
semi-annual dividend of 3h per cent
on preferred stock. payable June 1 to
stock of record May 25.
Plans for new financing Of Virginia
Carolina Chemical include a total OF
$35, 100000 in new securities and makes
provision for all outstanding funded
debt, as we'll as for new working cap
ital.
ST. Maurice Paper has declared reg
ular " per cent dividend. payable June
Is to stock of record June 6.
Rapid progress was made in corn
blowing, corn planting and other
field work in Iowa last week. although
weather has not been favorable for
FAIRBANKS, Morse & Co. declared reg
ular quarterly IN per cent dividend.
payable June l to stock Of record May
Green Bay and Westerns report for
1921 shows total income Of 3394,c65,
Of S232,64S, as against $218.4S2.
All grades Of pig iron have been ad-
vanced 81, to $23 ton at Chicago.
Northern Pipe Line has declared reg.
ular semi-annual dividend Of IS a share,
payable July to stock Of record June 2;
from Mexico totaled about 100000
barrels in first half of May.
American Refrigerator Transit has
placed an order with American Car and
Foundry for 1000 refrigerator cars
A verdict Of $s50,000 has been award.
900 brought in Toledo against Cienfue.
COS, Palmira and Cruces Electric Rail
road and Power Company Of Cuba 70,
breach Of contract.
National Lead has declared regula.
quarterly dividend Of III per cent on
common, payable June so to stock oil
record June 16.
Montgomery Ward & Co. report May
sales as Is per cent greater than
those Of last year. An officer OF the
company says steady progress has
been made during last three months
President Mellon of Gulf Oil says
statements with reference to a com,
bination of Standard Oil of Indiana
and Gulf Oil Corporation are untrue
Kennecott Copper in April had ar
against S,a74.560 pounds in March and
4,761. O30 pounds in January.
Auto makers say increased prieel
Of gasoline have not affected salet
of motor vehicles. and that current
advances will be OF small moment tc
motor industry.
Oil production In North louisiana.
Arkansas district last week averaged
120,140 barrels daily. against 118,ls(
previous week.
American Grass, of which Anaconda
Copper owns 80 per cent, IN now
taking major part of Anaconda'i
! metal production.
Auto makers throughout the coun.
try declare that auto sales have no,
been checked by advance in prices Of
gasoline.
of Trade has been sold for $3.50 mel
to buyer, or 500 less than q week
ago. and $3.50 less than q fortaighi
ago