Show NO DIVIDEND FOR NY WI CENTRAL STOCK STOC NEW NW YORK May 11 1 J P Directors tors of or the New York Central Railroad Rail road company at their meeting toda decided to omit the dividend on th common stock due at this tills time The omission was generally expected expect ed in Wall Wail street in view of the continued continued con decline in the roads road's earing earnings since the board last December voted votee to defer deler action until the May meeting meet meet- in ing A statement issued b by the company compan said The directors reluctantly concluded con con- eluded that it i was WS out of the queston to declare a dividend at this time lime The Thc decline of gross revenues has continued continued contin contin- and rind despite despie economics economies In operation operation opera opera- ton tion the company has not been able abic to earn ear currently its is fixed charges charges Last year New York Central paid 2 on the stock on February 2 each on Ma May 1 and August 1 and 1 I on November 2 The statement disclosed that the company suffered a deficit after aCer char charges es in the first quarter of ot 1 1 a against a loss of Inthe in inthe inthe I the first three months last year |