Evening star., 1926-04-25
WALL STREET BRIEFS

NEW YORK, April "a GP.-Stock-
holders Of Moline Plow Co, Inc, which
Is IN liquidation, have been sent a
ulVldend equal to 3 per cent of the
aggregate face value of the debenture
ponds and first preferred stock rep
resented by Moline Plow co. trust
participation certificates. Twice pre-
Vlously cash dividends of il per cent
anu per cent were distributed The
trustees stated that although they had
/ contemplated final liquidation about
the middle Of this year, with an esti-
mated final dividend of 4 per cent,
| that would not be possible before the
end OF the year, when the remaining
l. per cent will be paid
Net profits of Dodge Brothers and
subsidiaries for the first quarter Of
1926 amounted to S5,990,4S9, after
depreciation, but before debenture. in
terest and Federal taxes. compared
with $6.357,182. reported by the pred
! ecessor company for the first quarter
or 1925. Earnings from sales were
S6,319,698, against $5,977, ,569 year
ago.
Surplus of the Pittsburgh and West
Virginia Railway for the quarter
ended March 81 was $642.5S after
taxes and charges. equal to $2.12 n
share on the common stock, against
s4l4.330 or $1.37 in the corresponding
quarter last year.
Bank clearings throughout the coun-
try for the week are calculated at
$lO,O41, ,703,967 by the Commercial and
FINANCIAL Chronicle, an increase of
ll.6 per cent over the $9,005 ,449. .746
year ago. New York City gained
1913 per cent.
Freight traffic on the Illinois Cen
tral picked up in the first 90 days of
April, 127 ,46O carloads being handled
against 121 ,731 q year ago. LOadings
on the Chicago, Rock Island and Pa.
clfc In the first q days of the month
were slightly less, 3,455 ears against
S3,SO3 in the same period last year
traflc on the Chicago. Milwaukee and
81. Paul also increased in the first q
Gays or April. 112 ,488 carloads against
| lll,S5S a year ago.
| Wall street hears that although
| several informal conferences have
| occurred between large interests in
| both Marland Oil and Atlantic Re-
| flning, no tangible developments to-
| ward a merger have been reached
John d. Rockefeller, jr., is believed
| to be still a large stockholder in
| Atlantic Refining. A report of the
| Rockefeller Foundation at the close
| of 1924 showed it held $500, 900 OF
| the company's notes. George Whit
| ney Of J. p. Morgan & Co. and w.
| c. Potter head of the Guaranty
| Trust Co, members of the executive
| committee of Marland Oil, are in
| oklahoma on an inspection tour OF
| Marland properties.
Baldwin Locomotive Works has an
| order for six switching engines from
| the Yunnan Kopei Railway of China;
| two from the Chicago and Eastern
| Illinois, and one from the American
| Railroad Of Porto Rico, Railway Age
| reports. The Southern Pacific will
! build mountain-type locomo-
| tives and $50 box cars in its shops
at Sacramento. Calf. The Canadian
| National has ordered so express re-
| frigerators from the National Steel
| Car Corporation.
Pending inquiries include 1000
| gondolas from the Atlantic Coast
! Line Railroad. l to Is consolidation
| locomotives for the Delaware and
| Hudson and 20 mountain-type en-
gines for the Illinois Central.
Private dispatches from Tulsa re-
ceived in Wall street state that the
Amerada Corporation has an option
to buy $50 acres in the Texas Pan
handle on which are two producing
wells, also stored oil valued at $35.-
600 from the Douglas Oil Co. of
Tulsa for $5S0,000. Amerada also
has bought from Douglas Oil
| leases on 1000 acres in Seminole
and Hughes Counties, Okla, for
$4,000.