The Birmingham age-herald., 1924-03-29
MARKET FLASHES

NEW YORK, March 28.-Direstors tf the Corn Products Refining company today declared a quarterly dividend or $25o on the old s100 par common stock.
 NEW YORK, March 2s-with tho average of 20 leading industrial stocks in new low ground for the year; Wall Street today began to pay more atten- ton to reports of a slackening of busi. ness in an attempt to determine to just what extent they were being discounted by the stock market. While there II wide difference of. opinion as to ths most accurate index of business con. ditions, some of the most popular ba- rometers are bank clearings, freight car loadings and steel production. M
 NEW YORK, March 2s.-Reorganizs. tion of the Southern Cotton oil com pany, subsidiary of the virginia-Car lima Chemical company, Is expected to be announced shortly by George K. Morrow, president and reorganizer of the American Cotton oil company. s
 NEW YORK, March 2s.-Announce- ment of the $2.50 quarterly dividend for Corn Products provided the second sur- prise for Wall street speculators this week, the omission of the extra, on American Can being the first. Several large operators are reported to have guessed wrong in both instances, which probably explains the hasty selling of Can and the active buying of Corn Products after the news was out, the former dropping 12 points in two days and the latter jumping q points from it's low.
 NEW YORK, March zs.-Basis for the quiet and persistent accumulation of Illinois Central shares was seen in the earnings af nf ha roa1 showing good gains over last year. The street has heard gossip affecting divi- dend possibilities in which a higher rate was thought to be within the realm of possibility, but it still lacks official verification.
 NEW YORK, March 2S.-At least by inference, the street had been led to believe that an increased dividend was in store for common stock holders of the Associated Dry Goods company, and announcement of the regular rate as the opening prices were being made was somewhat of blow.
 NEW YORK, March 2s.-wall street heard today that a pool, which is General Electric, had been dissolved after having made a handsome profit.
 NEW YORK, March 2s.-"Hedge" op- erations are reported to be under way in some of the copper shares in expec- tation that the effort of some com panies to have an import duty imposed would be successful.
 NEW YORK, March 2s.-Early morn. ing flashes out of commission houses had to do with rails, and the activity and comparative strength in a number of these issues at the start seemed to furnish proof as to the renewed inter- est in the transportation lines. 5
 NEW YORK, March 2s.-Magnolia Petroleum company reports for 1923 net earnings of $s,110,660 before federal tax, equal to $4.50 a share on $1S0,000,- 900 capital stock, against $6,472,010, or $3.53 share. in 1922. Gross 1923 earn ings were $52,013,s16. Y
 NEW YORK, March 2s.-Unitsd States Smelling, Refining and Mining company reports net profits of $2,67S, ,090 for 1923, which, after deducting reservs of $500,000, left a balance equal after preferred dividend to $135 a share on the common, against 59c a share in 1922.
 NEW YORK, March 2s.-Directors of Invincible oil corporation have in- formed the stock exchange of their in-, tentton to increase the authorized capi- tai stock from 100000 shares to 1,lO0,. 900.
 NEW YORK, March 2S.-Union Car bide and Carbon corporation earned net income in 1923 of $16 ,204, ,414, nearly $5,- 100000 more than the year before, equal to $6.o9 share on the capital stock
 NEW YORK, March 2s-The Balti- more and Ohio railroad will pay at its New York office, April 1, principal and Nafa nF llfa trust 6 per cent bonds maturing on that date.