Show 1 Wall Wal Street Briefs 1 May earnings of the Canadian Pacific were smaller maler this year balance after taxes tans declining to from 1726 4 49 U In May last lar ye year r. r Gross Groos revenues fell fel to from For the five months month's monts of 1925 balance balanc after taxes tae axe aggregated against 7 a year ago v Directors of the American Can company com corn pany today declared ec the h regular quarterly quarterly u fr terly dividend I n of a r. r share on the common stock tock thereby disposing of at re reports reports reports re- re ports that the shares would be split up at this time The rumors rumor which gained circulation last lut week ran the price of n the common stock up to a record high level at but In anticipation of ot only the regular disbursements It reacted to 11 at the close cose of yesterdays yesterday's market A record price of 1500 for mem In the New York Tork coffe coU and sugar aucar exchange was paid today by byJ J. J II If Walter Lemkau for tor the seat eat of at H. H D. D Several rea reasons Ions have hate hl e been assigned by bankers k for the o current hardening cn g of r call money n rates s In addition to t the heavy blavy withdrawal of funds for July 1 dividend and Interest payments estimated estimated esti IU mated at a record total of ot about the establishment of large larce credits credits cred cred- its Ita for foreign countries and dwindling Imports import of ot gold geld has ha tended to tighten the money mony situation At the same ame time It I i Is I pointed out the supply of ot loan able funds fund ha has been reduced by a movement move move- meet ment men of capital to London to take advantage advantage ad ad- vantage of ot higher Interest rates there I The Texas Texa's 8 Pacific railway shortly horty will wi place orders order order for tor ten heavy freight locomotives five heavy passenger locomotives loco boo motives ten switching locomotives e and 70 steel gondola gondola cars can purchase of which ha has been ben authorized by the di dl- dl rectors The Canadian National railway report reports re re- ports port balance of for tor May after expenses In contrast to a deficit of In May Bay ay last lart year ear for the th five months of 1925 balance after expenses Increased to compared compare with a y year ar ago FLAX F. DULUTH June 30 ao AP AP AP Clone Flax July 2424 42 September 40 14 October Oc Or- tober 3 |