Show I Financial Summary I IBy 4 By Private Wire to George Hi II I. I Watson Waton Co Cuba company year ended June 30 30 1 1924 1324 shows estimated consolidated net income after ater interest charges and Cube Cuba Cuba railroad preferred dividend against again It net profits of precedIng preceding preceding ing year Cash wheat sells sels at 05 06 in Chicago May Itay wheat whet reaches reache 1188 88 highest since 1917 1317 American District Telegraph of New Jersey declared regular quarterly of ot 2 per r er cent compared with wih previous rate o 0 fl per cent quarterly Freight car loadings loading week ended uary 3 were increase 12 per percent percent cent over previous w week k Average price industrials 1236 up 35 new high record twenty railroads 63 up 06 forty orty bonds nl up 01 It I is 1 reported New York Tork Central soon coon may make snake a a. definite offer for Pittsburg Sc L Lake ke Erie minority stock clock E. E L. L Doheny has ha organized new company company com corn pany to develop farm tarm which he owns In California and on which oil 01 was wu discovered dis covered recently Company would be known kown as Petroleum compan company com corn comI I pany pan to have hare Initial capital of ot American says gays ys that latest story on Marland Mariand OH Ott 01 is I that the company will wI not need all the al money which would I Ir un ury accrue r shares through Ut to if Morgan the sale sala as of only part treasury tress treas at of i ithe the option opton will wi be exercised Wall Wal street is I less lea certain regarding the Mexican Seaboard dividend which comes come up for consideration January 20 0 In spite of assurances from the management man man- many think that it wll wil 1 Ibe lb passed paled says Salt Creek Crek field ned productIon tion ton will wi be Increased sharply now that electrical pumping equipment Is la ready for use at 00 wells wels N Ne Nt t Income of ot Mexican felcan Seaboard Oil 01 tOT for nine months ending September 30 was we wa 1331 3 before depletion and nd federal compared with wih for the corresponding cor cor- responding period of 1923 Heavy oil 01 production of ot Mexican felcan Seaboard Sea Sea- board bad company Is I. back to about barrels barrel barels dally daily daly after ater having dropped to about water 1 invasion IO barrel a last dally daily October a b following salt nit saltwater Recent developments in field neld have proved disappointing not only to Mexican Seaboard but to other companie companies com corn petite panie engaged In exploiting this area ares Completions Completion i In th the feild tell have been numerous numerous num num- erous and In many Instances Instance of ot gusher cusher type but records show they fall fail fal to up their production for tor any considerable length of ot time The disposition of ot the sugar trade 1 ia I Illustrated by the sale cale lle of bags of Cubas to Warner Brothers at 2 I 5 6 a ft decline of ot from the previous sale asIc The trade ha has been given to understand that buyers buyer buyer could be found without much difficulty at 2 cent cents It can hardly hadly be too touch much stressed that the sugar market Is ii out of the hands handa of ot sellera sellers sell sell- sl- sl ers era and that buyers buyer both here and In Europe are ar In tn a. a position to dictate prices We e believe beleve that the Immediate trend of sugar augar tutu futures re Is toward levels levela and we are not yet willing to recommend recommend recommend mend the purchase or any option A. A. A A A. Houghton 8 Co FUTURES NEW YORI Jan 14 Sugar Sugar f futures c closed a approximate sales J tens tena January Januar May KS ne c July 30 j I I 7 i f o i |