Show I Wall Wal Street Briefs 1 I. I NEW NEW YORK May 28 25 AP On AP-On On the tiu basis basi bai of et earnings reports for April Apri by r four fifty Cry railroads showing net operatIng operating ing Income of ef a decrease o of oC r per cent from frem April Apri last lat year yer It i Is estimated net for fer all aU class 1 carriers carrIer S cas SI will wi approximate 6 compare compared I with actual net of oC for April Apri 1926 This would r represent pre nt Aprils April's proportion proportion pro pro- portion porton of oC an annual return of nf 45 pe per percent percent cent on a ratemaking valuation of ef 21 2 as of oC Janu January ry 1 1 19 1017 11 California crops crep never looked b better they have the be bent t prospects In years years' yearS I Indicating heavy traffic for fer the Western 1 Pacific both bolh east es and we west t. t Chairman 1 T. T M M. Schumacher said ld on en his departure a for Cor Europe because beuse the farmer Carmer sends send 5 his hi produce ca east cat st and In return buys mer mer- chandise The outlook for bU business les 5 generally looks loeks much better beter than It did dk sixty days ays ago and the country should enjoy a good goed Jast ast half halt year he adde added Petroleum company Is h producing r about barrels of ot oil 01 dally daIly daly In Venezuela Vene Vene- zuela uela gays Sir James CurrIe Currle salting sailing to for Cor r Europe and Is I shipping about 0 barrels daly dally daily which will wi soon soen be Increased in increased In- In creased to to barrels barels a day The ol oil 01 LI Industry should Improve later hater on en thi this S year especially since producers rs have gotten gotten gotten got got- ten together he added Total assets of the Chicago Milwaukee kee St. St Paul at the close of or 1 were C compared cose with 7 at the en end of ef 1 1325 1025 Profit an and nd loss surplus surplus sur sur- plus was against I. I Current assets were against It and current liabilities 9 iO X against Tire Ild nd Rubber Rubb r reports n net netless d loss less of for tor the first quarter quarte r against net loss of In the tho preceding preceding preceding pre pre- ceding quarter Atlantic Coast Coat Line railroad had n net t earnings ot or for April Apri after ater r taxes against In April Apri Ia last it year and for the four months this year yea r In contrast to 1 In Inthe Inthe n the same lamo period of et 1926 1920 Crude oil el production In the Le area of ef Oklahoma reached a new high big h record of barrels In the use twenty twenty- four hours heur ended 7 a. a m. m yesterday a an ah n Increase of ef barrels over ever the big high h figure of eC May ay 21 21 R. R G. G Dun iun Co reports commer cemmer- commercial cial falur failures s in the United States tates last lat week weck live more than th the week before and fifteen more mere than a year ago Penn Seaboard Steel had loss of 47 4 32 for Cor the first firt quarter before depreciation depreciation depre depre- against profit of ef In the first Cut quarter last lat yeal The United Manufacturing corporation Germany lea leading pre producer of ef artIficIal silk sik In Germany has organized the American company and will wi erect a plant at Tenn enn near the plant ot of the American Demberg Bemberg corporation The new plant will wl have a daily daly capacity of ef between and pounds ot of artificial sik Speyer Co Co and Lehman Lehman Leh- Leh man Brothers of ef New York Yerk are nan nan- daily caly Interested In the American Amerlan cem pan pany The following markets arket here are closed today Cotton coffee sugar rubber cocoa an and cottonseed oil oi In contrast to to a I deficit of f f 01 In iT April last lat year the Chicago R. R Rick ck ls' ls nd Pacific reports surplus of ef alter aler charges for tor April Apri this thu year an and for Cor the four months of ot 1927 surplus of ef 2168 42 against a deficit of er for forth forthe th the same ame period of or et 1926 |