New Britain herald., 1924-06-02

income Of s7,11S,s24 reported by tht
 Pennsylvania railroad for April de- creased s30S,166 from the same month
 last year. but the total Of sa5,7Os,O0s
 for the first four months Of 1924
 showed a gain of s65e,92O over the
 corresponding period of 1923. Gros.
 revenues in the four months dropped
 to s226.s14,00S from $:4l.076,T27 a year ago.
 Dividend sccumulations on the pre-
 ferred stock of the Midland Steel Products Co. have been cleared lin through the declaration of a dividend of s4 on the preferred and s2 on the
 common, payable June r to stock of
 record June 3. Regular quarterly diyi-
 dends of s2 on the preferred and sl on the common also were declared. New bond offerings today included new issue of s2,6O0,00 province of ! Manitoba, Can, per cent. Gold bonds due 1914 at 9S 1-2 to yield 5.l2 per cent. Others were si,5O0.000 Duval l county, Fla, per cent. gold bonds is- sued for highway construction at prices to yield 5.62 1-2 per cent. and s1,25O.oOO Peninsular Telephone Co, lla., 1o-year convertible debenture gold bonds, series A. 6 l-2 per cent. at 9S to yield more than s.75 per cent. The Greene Cananea Copper Co. re- duced its deficit to s156.9S2 in 1923 compared with a deficit of s1,4s9.s4s in 1922. Gross earning for the year amounted to s6,497,317 against ,2,- 494,lSo the year before.
 Creation Of an economic council to advise and assist the minister Of com merce in the development Of French trade and the coordination Of French economic activities has been decided by the French government, according to the Bankers Trust Co. of New York and aiming at the adjustment of all commercial treaties in the interest of French metropolitan and colonial pro duction. The economic council, the bank says, is destined 10 assist in working out and enforcing a compre- hensive economic program for all the countries and territories under the French flag.
 Surplus of ss0S,ss4 after taxes and charges is reported by the New York, Chicago & st. Louis for April and for the four months Of 1924, s1,60S,2ss.
 With the merger ofNPuhlic Service Electric Co.,, Public Service Gas Co. and United Electric Co. of New Jer- sey, the new company known as Pub lie Service Electric & Gas Co, will have more customers, it was said, than any other single operating com pany engaged in the gas and electric business with a total on May 1 Of i,o65,000 customers.
 The Denver 7s Rio Grande western railroads net operating income in- creased to sl,251,Ss7 in the four months of 1e2i compared with s3gs,- 7s2 a year ago although gross rev. enues Of sa,Stl.95i were s3S5,621 less. April net income was s41s,b2t against s177,345 in April 1928.
 bhtStois oI lUe MhlnleSOn Alkan Works declared dividend of ia per cent against back dividends on the preferred stock in addition to the regular quarterly dividend of IA per cent both payable July i to stock Of record June 20. Only 1A per cent in back dividends is now unpaid.
 The Cclluloid Co. declared ouar- terly dividend of per cent on the common stock. Previously 1ia per cent was paid quarterly.
 The Continental Motors Corporation | earned net profits of si,s4s.744 in the six months ended April 30 after in- terest and depreciation but before federal tax. against s3sS,zeT in the i corresponding period last year. This | is equal to 6s cents a share on the | common.
 Locomotives in need Of repair on May IS totalled 1t,sse, or 1s.4 per cent of the number on line. an in- crease Of 426, compared with the in need of repair on May |. the American Railway Association TO- ports.
 The North American e. reports surplus of s1s,437.s94 for the year ended April 90 after preferred di,i- lends but before depreciation, against si2,s44ti4 in the previous year. -iross income was sT7,5g0,2Ts, a gain of nearly s15,00o,0oo. !.
 COTTON CROP REPORT.
 MashinRtnn Inne 9---The cnndt.