Show 1 9 It Market r I NEW YORK June 26 The AP-The St. St Southwestern Louis Cotton Coton Belt Delt Is the few railroads far far to report re- re port earnings for May than the same month last year surplus after atter chorges charges amounting to against a a year ago o. o Net operating Income In- In come collie fell feU to from while tOI Income dropped to 2861 rom from Surplus after charges chare for the five months of 1026 was wa con com of pared 1025 with in the same same period Albert Alber V. V Hawkes executive vice president president pres- pres ident and general manager ot of General Chemical company who has been associated asso- asso dated with that company for nearly thirty years wIll wIl become vice president and general manager of oC Nairn Inc on August 1 1 Net operating Income of the Northern Pacific for May jumped to compared with In May last lat year the total for the five ve months this year ear against a a year ago May gross gro Increased about Railway equipment orders order In the four weeks ended June 26 aggregated 10 freight cars and 12 s. pa-s. pa- pa cars In contrast to 42 locono o locon lives freight and H 14 passenger cars cara carain carsIn in June last year ear Railway Age reports Simon Guggenheim president o o the American Smelting and Refining company corn com pany said on his departure for Europe today that the copper outlook was good and that 1026 should be a a big year for forthe forthe the copper companies I 1 see no breakers break break- ers era ahead for the Industry Industry and no occa occa- slon fOr worry worry AmerIcan Smelting was wa earning better beter than 20 a share shae he said and ad the years year's earnings would exceed ex- ex greatly greaty thoe or of 1925 Prompt overs n t f a a public offering fering today of oC sinking fund 6 per cent bonds of the United Steel Works or of Germany was announced by DIllon Dion Read Co The bonds were priced at 6 06 to yield per cent Sub Sub- b books were closed In about f teen minutes J |