The Birmingham age-herald., 1924-05-15
WALL STREET BRIEFS

5f ! 7
 Despite the threatened withdrawal of Mexico from the debt agreement negotia- sd by Adolfo do Ia Huerta in 1922 bank CTS are planning to continue interest pay mately sS,0O0,000 has been distributed on Sa per cent of Tthe total and about an equal amount remains on deposit with the international 1connittee Completion of the first year'a service on the. remainder of the bonds Is expected within a fort night
 A emI-annHai dividend of a has been declared by the Northern Ship Line com pany- The previous dividend was s5.
 New bond ofEerinRs today exceed $6 sss.Soo the largest being se,5op, poo saiien County Coal corporation first m0rtgage s h per cent 20 year sinking fund gold so1a ss5ss .s5s a M to ysSld a New Hanover county tNorth Carollnal s5 | per cent court house gold bonds priced to lima g per cent building bonds at prices 10 yield 4tss per cent.
 aThe Southern Railway systems earn yesT.. show. a decline of Ss.S1s,sss.
 Nav regulations for check clearing ana serve board have been favored to all member and nonmember banks of the clearing house district: No essential
 
 York rule laid down in 1920.
 Atlantic sugar refineries had net earn xlx7, ,ss5, in 1892 but profit and loss sur plus was reduced from $5,0sO,s14 to $4,- ts5.s40. E.s
 sIn instructingt the French minister of finance to take any necessary measures preciation the French cabinet was aware that the $iQ0 ogn.paQ Morgan credit was avaliaels fee the purpose. Interests close to the sijses- ss4' | ance,. however, do not believe this bond has been drawn upon The unexpectedness of Poincare's defeat. they assert, provided an excuse for selling francs short but natural con dition soon established the rate.
 The General Motors corporation had s4.e47 employees in March in it's plants located in 3S cities in the United States, Canada and overseas. not including em- ployea of Fisher Body company and other affiliated companies. This was 8 de- crease of nearly 1000 from February's total but an increase of 5;4oo over March 1929.
 Even at this early date estimates were were being made on the. steel zeorpoFTs, Ts; the June 90 quarter and they indicated between : S45so0n.000 and $46, 100000 as likely to be shown for net: Tnat the .S5 ex, opinion among persons closely following the affairssof the big industrial
 The cancellation of steel orders to the extent of t5o,oOo tons was regarded as the dominating factor through which all pre- statement forecasts were far wrong on the April showing of tonnage conditions The street assumed that If this condition affected the leader of the industry. II we'll might be anticipated that 1t like wise affected the independents. large and small.
 Directors of the Atlantic cosst Line railroad will hold special meeting here on Thursday, presumably to discuss the dividend situation. Wall street hearss re- ports that application probably will De made to the interetate commerce commits tai stock in order to permit the road to declare Substantial stock dixidenal U, Ins iss 1t is able to declare a substantial diyi- 9erde. and maintain the; current xI dtyi- dend on the tncreased capitalization.
 The major oil pools are draining and unless a new pool fs brought into produc7 made on storage President Marlin of the Marlin company told stockholders at the annual meeting today. Production and the industry had now. entirely recorded it's earuiug power, he asserted. Net in- come of the company and IS sas sggsldiafies gsI M deductinE S7ST23 for depreciation and abandoned wells and leases equal to S1S6 a share on the capitol stock. Work ing capital totalled $les6ss,9s5,
 Orders for the purchase of 200.OOo bar reIs of gasoline for spot delivery are be- ing placed among midscontinent retiners by the standard Oil company of Louis jana. a subsidiary of the Standard oil company of Naws Jerseyi An order Of this volume is expected to relieve the pressure on small refinersg who have had to store excess gasoline through retard- ing sales caused by weather conditions
 Gold valued at 10o.4Oo pounds sterling arfvd on the Majestic today consigned to order. ~
 wali street learned that American Sugar refining directors would meet to- morrow when the regular preferred was expected to be ordered. Rumors that the. company s sfnvestments were looked 10 furnish quota to inoore which might exceed fast ysafss was offered for specu- lativs .copsumption.
 The waldorf cotton crowd was credited in private wire advices with having sold stocks. especially during the moruihe hours. Their activities were, thought to he more general than ip the precedins session when they were indicated to have coneentrated largely at the steel com mon post. One firm supposedly Tor this shares of steel
 NEW YORK. May I4.-DectlBine to iul dicats probable action by the directorl