Evening star., 1926-05-13
WALL STREET BRIEFS

extra dividend of 81 share on the
common stock OF United States Gyp
sum Co. was declared yesterday in
addition to the regular quarterly dis
bursement of 40 cents. The regular
quarterly of 1a+ per cent on the pre-
ferred also was authorized. The
extra dividend is payable May 81 to
stock of record May %, and the reg
ular dividends on June 80 to holders
of record June IS.
Private dispatches from Tulsa, re-
ceived In Wall Street, state Amerada
Petroleum Corporation has bought
$50 acres in Hutchinson County, Tex.
from the Douglas Oil Co. for $5eO.O0p
cash. Two wells on the lease are pro-
ducing about $50 barrels daily and
10000 barrels of stored oil also are
included in the transaction.
The financial condition Of Federal
Motor Truck Co. is reported to be
the best in its history. It's cash balance
OF $1,521 900 being the largest 1t has
ever had. The company's output and
earnings by June 80 are expected to
equal what was shown for all of
1925, when production was 6934 units
and profits before taxes $l,234,799.
Iron Trade Review sees a better de-
mand for steel. saying that appear
ance of new orders in encouraging
volume is tending TO offset pessi-
mism which perVades certain market
districts. Additional evidence is ap-
pearing in the Chicago district that
low points in the present lull passed
10 days or two weeks ago. Heavy
rail placements in that district served
10 help sustain operations, while
specifications on finished steel con-
tinue to run ahead Of shipments.
Steel ingot production in Chicago ter
ritory is slightly below 30 per cent of
capacity.
Royal Dutch Petroleum declared a
dividend of 13 per cent on the ordi-
nary shares, making % per cent for
1925.
Ray Consolidated Copper reports
net income of S1,113,902 for the first
quarter of 1925 before depletion and
Federal taxes, equal to SO cents
share: against 81 ,096.l0U. OF 35 cents
a share in the preceding quarter. and
S1,19S.3SS in the first quarter of 1925
before depreciation, depletion and Fed
eral taxes.
Eastman Kodak Co. declared the
usual extra dividend of 75 cents a
share on the common stock in addi-
Hon to the regular quarterly pay
ment of $125, also the regular $3.50
on the preferred.
An index Of security prices com
piled bv the New York Trust Co
shows an increase in April of 49l in
average prices of ll3 stocks. repre-
e.
erage prices of 66 bonds rose one
point in the same period. New York
bank and trust Compa MES continue to
lead the stock list with an average
rise of 10 Institutions of 1870 points.
Stock of five railroad equipment com
panies rose $50 points, and that of
public utilities 426. Rubber com
panies showed a decrease of 1.3S.
The New York Stock Exchange
has ruled that transaction in capital
stock of Pacific OIL Co. tomorrow
shall be the distribution of one share
Of Standard Oil of California.
Directors of the American Rayon
Products Corporation yesterday de-
clared the regular quarterly dividend
Of so cents. payable May 29 to stock
nf record May 90. Recent weakness
NJ the stock on the New York Curb
market was associated with rumors
that the dividend would be reduced
or omitted.
Earnings for 1925 of businesses ac-
uulred by International Protector
Corporation were 1856 ,666. against
s6o5, ,5la in 1924. Ratio of current
assets to current liza bilitieS were more
than to L. Net current assets at
the close of the year were $1,299,570.
Agencies have been established in
London and Paris.
+, Heavy shipments of tin plate are
reported from Pittsburgh district,
with operations of tin mills continu-
ing 10 average 80 per cent OF capacity
or better. The trade looks for cur
tailment at these mills unless second
half requirements of can makers are
arranged soon. Prices are unchanged
at $3.50 box. Demand for standard
full,weight merchant pipe has i'm
proved.
The New York Stock Exchang
Yesterday admitted to it's trading list
he common shares of the Largo Oil
and Transport Corporation, all of
which carry full voting rights. The
company previously had been denied
u market for its securities on the
stock exchange because of unusual
voting provisions for its class "A
and "R' shares. This classification
latar was renewed. in. order to meet
the requirements of the exchauges