The Birmingham age-herald., 1924-11-21
Wall Street Briefs

Motor vehicle production in October declined to 259e00 passenger cars from 260,171 in September and 335,4 in Oc- tober of last year, while the output of trucks Increased to 31,433 compared with 30,805 the month before and 30,- 153 in October, 1923.
 Freight cars in need of repair on No vember 1 decreased 6,6S3 to 190,543 or 82 per cent of the number on line com pared with October 15, the American Railway association reports. On the same date Class railroads had 11,095 locomotives in need of repair, 17.2 per cent of the number on line, also a de- crease of 744. Repairs were made to 36,2 ,233 locomotives in the last half of October, an increase of 3,622 over the first half of the month.
 Gasoline stocks decreased to the ex- tent of 1,417,014 barrels during October, according to reports recevied by the American Petroleum institute, covering approximately 62 per cent of the operat- ing capacity of the United States. Pipe line and tank farm crude oil stocks east of the Rocky Mountains decreased 553,- 900 barrels in October. The daily aver age gross crude oil production of the United States increased $500 barrels for the week ending November 15, totaling 1,941 050 barrels, according to the week. ly summary of the institute.
 The present Hull in new financing is expected to continue over Thanksgiving. Bankers assert few new issues may be expected before the first of next month. It is thought possible, however, that the French loan may be offered before Thanksgiving. Railroad and public utility companies are expected to- be in the market for funds.
 Directors of the Colorado and South ern Railway company today declared the regular dividends on the first and second preferred stocks, but failed to take any action on the common, explain ing that the company had incurred sub- stantial losses because of enforced op- eration of unproductive narrow guage mileage in mountain territory and in vestment in small roads which have ceased operations.
 The Pure oil company has completed new wells in Creek county, Oklahoma; Boone county, West Virginia, and Mon roe county, Ohio. The Oklahoma well is flowing SPA barrels daily and the company also has completed another gas well there, making 6o,o0o,0O0 feet daily. The Boone county well is the company's thirteenth producer in that field.
 Dividends in areas on the preferred stock of the Canadian Car and Foun- dry company were wiped out today when the directors declared an extra dividend of 5A per cent in addition to the regular disbursement of 1A per cent.
 Charles Donnelly, president of the Northern Pacific, said today the road should earn $6 a share on it's stock this year and prospects indicated better re- suits in 1925. "The Northern Pacific is in splendid physical shape" he added, and we could handle 50 to 60 per cent more business without putting a strain come for October is estimated at about &, ,sOO, ,OOO, a gain of $1,O00,0OO over Sep tember and about $400,000 over Oc- tober, 1928.
 St. Louis and San Francisco will earn S10 a share on the common stock this year, according to J. M. Kurn, presi- dent, who said freight traffic was heav- fer than ever before. Business in gen eral may be light in December and pos sibly in January and February" he added, but after that look for steady improvement and a big year in 1925" The company was doing nothing in re- gard to consultations, he asserted.
 The worlds copper production in Oc- tober increased about 23,000,000 pounds over September, 1t Is calculated by the American bureau of metal statistics, the output totalling approximately 12S, ,507 tons, against 116,s17. Production in the United States gained 6,51S tons; South America, 2,354 tons, and Europe, 2,200 tons. The world output in the first ten months this year showed a decline of l ,21O, ,937 tons from 1856, ,196 in the same period of 1923.
 Mills of the Bethlehem Steel corpo~ ration at Sparrow's Point are opei ating at full capacity with orders for steel rails piling up on the company's books Working forces at the steel finishing and ingot mills have been increased largely. The shipbuilding plant, how ever. has failed to share in the revival.