Evening star., 1922-08-05
WALL STREET NOTES.

Lamborn &. Co., in q special letter on
the sugar situation. predicts much
higher prices for the commodity and
increased earnings for many COM
panies.
The Piggy Wiggly Corporation plans
ice from IS stores. including five just
opened, to 300. Within the last few
weeks 7s stores have been opened.
Plants of the Follansbee Brothers.
makers Of tin plate and steel sheets. at
Toronto. Ontario, and Follansbee. w.
Va. have resumed operations after a
shutdown due to fuel shortage.
chased $4,000 ounces of silver, making
the total purchased to date under the
Pittnan act i20, 103,506 ounces.
Incorporation papers have been grant.
ed in Missouri for the $70,O00,0 900 con-
solidation of Kansas City Light and
Carroll County Electric.
Imports Of crude and refined oils at
the principal American ports for
week ended July % were 2,436.5S4
week.
Sales of copper to Europe have in
creased noticeably since Thursday of
last week. Last Saturday about
5.00o.00 pounds were sold for ex
port. Germany. France and England
OolnK main buyers. DOmeStlC OuylnS
Is in fair volume.
Standard Gas and Electric reports
for twelve months ended June 80.
1922, gross earnings of $35,S43,474, an
increase Of $1,s24,s1o. compared with
preceding year. Net earnings were
$1s,063,01s, an increase of $1.421.211,
or 1922 per cent, compared with last
year.
United Alloy Steel for the half year
come OF $1.274.s23, after interest and
depreciation. This is equal to $1.45
share on 100000 shares of common.
after allowing for the preferred di-
yidend.
A New York Stock Exchange men,
bership was sold this week for $685.
900. a reduction Of $4,000 from last
previous sale.
The cunard liner Berengaria is
Of about 100000. of which Kuhn.
Loeb & Co.. will receive $3s0,000.
Loadinss of the st. Paul road in
twenty mine days in July were 1885,
6ss cars. against 1876 cars a year
ago.
1t is announced that the Kansas
and Gulf has brought in well NO.
on the Brown lease In the north end
of the Fox Bush held in Kansas.
flowing $50 barrels an hour.
OIL imports at principal: ports In the
United States in the week ended July
20, gained 210.777 barrels over the
previous week, totaling 2,647,361 par
rels.
Several million pounds Of copper
have been sold for domestic Ship
ment in September and October at
are in fair volume, with Copper Ex-
port Association doing most OF busi-
ness. No marked activity is expected
until settlements in both the rail-
and coal strikes are made or at hand.
1t is reported that Standard Oil in
terests control Houston OIL which,
with American Republics. owns
mineral rights pertaining to about
ss5,000 acres in Texas The latter
corporation recently issued $5,o00.000.
fifteen-year per cent bonds, con-
vertible into common In the ratio
of ten shares for each $1,000 bond
until April 1. 1925.
Shonnard & Co.. are Offering $4,000
shares of no par value common OF
Mesabi Iron, out of a total authori-
has been paid in .$4.75o.0oo cash.
The American Railway Express
Company reports for April operating
revenues Of $12.s45.s65. a decrease of
$4.457 ,507. as compared with same
month in 1921. Balance after ex-
penses was $279,229, a decline of
$180,122. and net income .$S1,156,
decrease Of $196,254 For four
months ended with April operating
revenues were $51.737;854. a decrease
OF $19,385,14S, as compared with
same period OF previous year.,
For June Colorado and Southern
reports gross revenues Of $1,941,355.
an increase of $s76,ss6 over 1921. Net
operating income was &sS0,1s6. an in
crease Of $176.S64. For six months
ending with June revenues were
$l0,4s7,10s a decrease Of s$1.013,120,
and net operating income was $780,
S22. decline of $2S2,570.
American Steel Foundries reports
for six months ended June 30 sur
plus of $1.452,sss, equivalent after
paying preferred dividends to $1.S9
a share earned on common, par value
Of which is $33h, AZ compared with
$334.776, or 6 cents q share, In cor
responding period of 1891. Net earn
ings were $2,098,130.
For six months ended May 81 Free
port Texas reports net income Of
$116,699, az compared with x21S,86e In
~ ~ 1921