The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-05-10
WALL STREET BRIEFS

wan street recalls that today is the
twenty-thiEd anniversary OF the famous
Northern Pacific TaiiTSsd corner si n fos
the control OF the road between power
full banking interests. In the frenzied
boosted as high at $1,000 share.
Improvement in the financial condition
of the Atlantic Cuff and West Indies
Steamship lines is shown in the annual
report for 1928 which reports deficit
Ss,5ss.7ss in 1922. Net operating income
for the, year was $1,056, 5A5, against
loss OF ssss.Os7 the year before operat-
nearly IS, 100000 Profit and loss SUR
plus wssS ls.oss.55a
New bofsa offerings today were headed
by s7,004 geo issue of Florida Western
and Northsrn Railroad company first
SoSd pesa t ps9 and sS
the Seaboard Air Line which has ieafed
the road
subsidiaries of the American Power
and Light company earned $50, sl.4ot
81 more sns ys than e 90 over the previous
year. Balance after taxes but before de-
probation and depletion was s1s,sss,5ss
Negotiations for refunding $3.50. 900 OF
first mortgage per cent bonds series A
Of the New Orleans. Texas and Mexico
are under way, 1t was reported in the
financial district. The Issue natures De-
tober !, 1898.
Profits of the Holly Sugar company for
the year ended March 81 were $S72,z!O,
over The previous corresponding period.
Stocks of sugar in Cuba on May 8 in
GLIDING sugar at ports, on plantations
| 1895, 2sT tons BY willett and Gray. au-
| thorifies on sugar production. This COM
| pares with 1.190,16S tons at the same Pc
| an Increase OF 1922. 1853 over the previous
corresponding period.
up to May g.. against s.sosooO tons. the
| final output FOR last years crop. About
100 centrals are still grinding.
wall street hears that realignment of
the wage scale in the iron and steel in
dustry may take effect about July /.
COFFEE FUTUREs
NEW YORK. May 9,-coffee opened at
sold 20 to SO points net higher on cover
| ing and trade buying, promoted by firmer
Brazilian cables May advanced to s:47e
was a few points off under realizing. Last
prices showed net advances OF Is to rs
pOcI osinr souotStaons: Nav 1s.tgc; O July.
1880; September, 12.17c; october. 12.05c;
December. i1.soc; March. 1l.5Oc.
santos RSs Is ot isa S Cost and tSssSi
offers included part BOpfbon IS and IS
at 17.b00lS.10c.
Rio exchange ON London 1893 pence
lower. Dollar buying rate 60 refs higher
Rio market $50 to SIS refs higher; Santos
1875 to 1900 reis higher. Brazilian port
receipts. $4,000; Jundiahy, $4,000.
STOCKS
NEW YORK, May 9.-OutBide OF some
selling IN y. s. Cast Iron Pipe the morn
ing session was again a dun affair with
practically no outside interest. The rails
displayed firmer tone than other groups
with the coppers In quiet demand. In
the afternoon Southern Pacific earnings
were published showing St2.s4 for 1928,
but the stock failed to respond to any ex-
tent. Cuban American Sugar sold down
dollar from last nights close on a few
hundred shares. international Harvester
advanced 10 81, duplicating its high on
the present movement. Cast Iron Pine
eontinued under pressure all day, closing
at IS " Other specialties did little and
taken all n all It was the dulieSt day we
have bad this spring. total sales amount
ing 20 ouiy 46S,000 shares--Fenner &
Became TO Kahn a. Virgin.