Evening star., 1926-04-01
WALL STREET BRIEFS

NEW YORK, April / OP).-The In
sritute of American Meat Packers re
ports that March was another gen
eraIlv unsatisfactory month for the
American packing industry, differing
from February only in degree, not
withstanding the fact that the trade
improved somewhat, especially in the
Uase of pork.
Although the pork trade was bet
ter in March than February, i've
prjces remained relatively higher than
The value of the products at current
market levels. with the result that the
months operations were unsatlsfac-
tory. Foreign demand for American
meat products continued to be limited.
Prices of meats in the United King
dom advanced somewhat during the
month. but still are below parity with
the values prevailing here.
MidContinent Petroleum Corpora
ton earned S4.S1 d share on the com
mon stock in 1925, after preferred
dividends. In contrast 10 60 cents a
share the year before. Net income
was more than five times the amount
for 1929. advancing 20 $1,000,926 from
t1.357.415.
Prices of heavy melting steel scrap
have been reduced so cents a ton in
the Chicago district, quotations rang
ing from $3.50 to $i4.00 q ton.
Deposits Of stocks Of Chandler Motor
and Cleveland Motor Cos, under the
merger plan for the Chandler Cleve-
land Corporation. amounted to 270,086
shares of Chandler and 274,017 shares
of Cleveland at the close of business
March 80, out of 280,000 shares OF
each outstanding.
with scarcely an obstacle TO block
its passage, the iron and steel industry
is gliding smoothly into the second
quarter" saws Iron Trade Review.
While sentiment throughout the
country is not uniformly optimistic
over continuance of activities at
the present high rate, definite signs
Of faltering demand are not Yet in
evidence.
Rubber-bearing plantations of the
United States Rubber Co. in the Far
East produced 0,000, 900 pounds of
crude in 1925. which is expected to be
increa sed about 75 per cent in the next
few wears OF the 1000, 900 rubber
trees owned by the company, 100000
are bearing. The plantations com
prise 1856 900 acres, on WhlcA there
are 90 miles Of narrow gauge railway
and 200 miles Of motor roads Produc-
tion this year is likely 20 be . per
cent greater than in 1925.
Hudson Motor Car 60. shipped
81 800 cars in March, compared with
1880 in the same month last year
and $4,000 in February this year. 1t
is calculated on the basis Cf production
f,r ha firc D-f or
that profits on March business would
exceed $500, 900. or about $l20 :.
share on the common stock. Motor
statisticians familiar with the com
pany's methods of stocking parts in
Winter, figure on the former average
profit of $50 per car, making profits
more than 81, 400 900. or around $3.50
a share for March.
An order for IFS IlOuutain-type
locomotives involving about $4,000
600 has been given to Baldwin Loco
motive Works by the Pennsylvania
Railroad An order for % loComo.
lives also was given to Lima Loco.
motive Works by the Pennsylvania
Net income of the American Elk
press Company for 1925, including its
foreign subsidiary, American Express
Company, Inc, was S23I9, ,4T9 after
taxes and charges, equivalent to $l2.8t
a share on its no par value stock
ahainst S2,102, l02. of $ll.67 a share
in 1924.
A statement of operations of the
New York. New Haven and Hartford
Railroad Co. for 1925, made public
Yesterday. shows net income of 81.
4l8, 252, an increase of $4,419, ,60l ovel
the year before, and equivalent tc
s472 a share on the stock outstand
ing.
Net railway operating income
amounted to $23324, ,795. which was
4.74 per cent of the property invest
lnent on the tentative valuation basis
compared with 400 per cent in 1924
295 per cent in 1928, 2.75 per cent il
1922 and 0.63 per cent in 1924.