Evening star., 1938-05-26
&72,862 EARNED
BY UNION PACIFIC
April Net Compares With
$177,545 for Same
Month in 1887.
BY the Associated Press.

BY the Associated Press.
NEW YORK, May 26.-Union Pacific
Railroad reported net operating in
come for April, before fixed charges
and other income. totaled $572,862,
compared with $177,545 in April last
year. Gross income for the month
amounted to $10,363,2 ,249, a decrease
Of $2,010,111 from April, 1887.
All crops in the territory served by
the Union Pacific are of near-record
proportions, w. NJ Jeffers, president,
and William Averill Hartman, chair
man, said in a joint statement today.
The condition Of farmers along the
Union Pacific lines was by far the
best in more than four years. the state
ment said. The sugar beet condition
is good and tremendous acreage has
been planted, it was said.
The statement was made following
a meeting of directors at which the
usual quarterly dividend of $3.50 a
common share, payable July l to
holders of record June 3, was ordered.
New York Central.
The New York Central Railroad
showed net operating income for April
of S82,340, compared with S4,205 ,629
in April last year, the company re-
ported. Gross income for the month
declined to S22,947,750 from $30,677.-
OPT a year ago.
Chicago, Rock Island.
The Chicago, Rock Island and Pa
cific Railway Co. reported net op-
Grating deficit of s678.9s0 for April,
compared with a deficit of $159,958 in
April last year. Gross income declined
to s5,746, $50 in April from $3.50, ,409
year ago.
Other Carriers Report.
Net operating income. before fixed
charges and other income. OF railroads
reporting today for April also in
cluded:
Baltimore Ohio s4s4'ss5 s's SLID 49,
chicago n w '9Ia,o66 .aas, is5
soIa ssn'a + F. Southern isa5 1sl45a sss ss 81 80!
Southern Railway sl9.sO7 1855, sos
Deficit
tIncluding subsidiaries.
International Telephone.
Wolcott H. Pitkin. vice president of
international Telephone g. Telegraph
Co. said preliminary estimates indi-
Gated profit for the first quarter of
approximately s2,lOO,oO0. For the
same period last year profit was ST.
658,438. equal to 26 cents share on
capital stock.
Todd Shipyards Corp.
Todd Shipyards Corp. and subsidi-
aries reported today for the fiscal year
ended March 81 net income of ST.
76l, ,49l. equal to s855 a share on
capital stock. This compared with ST.
42l ,063 or S688 share in the previous
fiscal year The figures were exclusive
of s2l4,829 equity in earnings of Todd
johnson Dry Docks, Inc, in the latest
fiscal year, and s8l 1913 in the previous
fiscal year. Company has properties
on Atlantic Seaboard, Gulf and Pacific
Coast.
Royal Typewriter Co.
Royal Typewriter Co. reported for
nine months ended April 80 net profit,
before Federal surtax, of Sl,476.587,
equal after dividend requirements on
preferred stock to s476 share on
common stock. This compared with
81 6S4.077 or s925 a common share for
the like period of the previous year.
Company's plant is at Hartford, Conn.
Babcock & Wilcox.
Babcock e. Wilcox Co. directors took
no action on dividend on the common
stock. On April l, last Is cents was
paid. The company manufactures
boilers. meters, pipes, heating equip
ment and has plants at Barberton,
Ohio: Augusta. Ga; Bayonne, N. j.,
and Beaver Falls. Pa.