Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-04-05
PUSH MOTOR SHARES UP:
DELAWARE AND HUDSON JUMPS
Rise in auto Stocks Laid to Good Spring Business
Several Pivotal Issues ShoW Substantial Gains
During the Day.

under new ownership, viii reach SIS
100000 in 1925, compared with SIT,
100000 net after taxes in 1924. Earn.
ings in the first quarter this yee&
were $2,000.000 greater than in the
same period-1ast year
Reserve Bank Heads TO Meet.
The conference at Washington next
Monday between governors of u
Federal Reserve Banks and members
of the Federal Reserve Board. prl-
marily to discuss credit conditions in
various reserve districts, is expected
10 last several days and probably
will deal with problems which may
arise from enlarged gold exports and
the pending return of Britain 20 d
gold basis.
Several changes are expected in the
board of directors of the Missouri
kansas-TeXas at the annual stock
holders meeting in St. Louis next
Friday. A banking house, which
bought a large block of katy
stocks in the last few months. will
be given representation on the board
it is understood.
Wall Street Gets shock.
Wall streets srprise aver the Del
aware and Hudson Co.'S decision to
segregate it's coal holdings, which
was reflected in the S-point squirt in
the stock, was heightened by the
manner in which the information was
made public. The first intimation Of
the railroads plans was CLEANED from
an inconspicuous reading notice TO
stockholders, which appeared in the
advertising columns of the morning
newspapers. Although no mention
was made of a distribution to stock
holders, it was assumed that the pro
posed transfer of the properties to a
separate corporation would be the
initial step in passing them on to
shareholders. With its coal holdings
segregated the road also was felt
to be in a much better position TO
consider consolidation plans.
Bank CIearings Increase.
Bank clearings throughout the
country for the week, compiled by
the Commercial and Financial
Chronicle. aggregated $1O.319 1926, $50.
against sS.920,741, sos a year ago. an
increase of 1871 per cent. New York
City showed a gain of PIP per cent
The American Chain Co. declared a
dividend of so cents a share on the
common stock. The same payment
was authorized last July
Operating profit of the Columbia
Steel Company for 1924 declined to
s790,225, after depreciation and de-
pletion. from S961.421 in 1928 After
providing for interest and Federal
taxes surplus amounted to $295.1O7,
in contrast to s676.432 the year before.
Roads Earnings Decrease.
The report of the Kansas City South
ern for 1924 shows net income of 1881
S02 after taxes and charges, equivalent
after preferred dividend of $3.S1 a share
on SOS, 1853, 900 common stock Net in
come the year before was s2,773,433
or $6.45 a share, which included
credit of s1,015.s01 received from tn,
United States Railroad Administration
in payment<of the roads claim while
under Federal control With this item
deducted, the balance of. 81, 757, $50 was
equivalent to $3.o6 a share on the com
mon.
Gross revenues of the St. Louis San
Francisco increased S326;726 in March
to $7.355,o94, preliminary statement
shows, making a gain of 1,1S9, $40 since
the first of the year, with a total of
s22, O44. 224.
The consolidated statement of the
National Sugar Refining Co. for 1924
puts the total assets at SIS. $50. PIG and
profit and loss surplus s2,36S, 296. Cur
rent assets were $7,lO9,62O and current
liabilities s1,0S4,1S7.