Evening star., 1925-10-15
Would Cut Assessments.
WALL STREET BRIEFS

NEW YORK, October Is LP.-The
New York Stock Exchange announced
an advance in commissions on trading
in bonds. For non-members of the
exchange the commission on pur-
chases and sales is raised from $3.50
to 81 per $1,000 par value. On busi-
ness for members of the exchange
when e principal is not given up the
rate is increased from 80 cents to 80
cents per $1,000 par value. and on
business for members when the princi-
pal is given up the rate is raised from
371s to 10 cents per $1,000 par value.
Third quarter net earnings of Gen
eral Motors Corporation available for
dividends are being estimSted in bank
ing circles at about SIS. 10000 despite
the price reductions in August on
many models. Official figures will not
be available for several weeks, but
the corporation is believed to have
experienced its best third quarter.
Net of that amount would be close to
$3.50 a share on the 5,161. 599 no par
value common shares. The directors,
meeting in November is awaited with
general interest.
Seventeen new or additional stock
and bond offerings have been admitted
to trading by the New York Stock EX-
change. The list includes several
issues that have been traded in on the
curb, namely, Armour Is certificates,
Eureka Vacuum Cleaner and May
tag Co.
Max Epstein. president of General
American Tank Car Corporation, sees
larger railroad orders for all equip
ment companies in 1926. with his COM
pany undoubtedly sharing in the in
creased volume. General American
earned about So a share on the COM
mon stock in the first half of 1925,
enough for the full years common
dividend, and he looked for a better
showing in the last half. The COM
pany earned S5.61 a share on the COM
mon In 1924. Net quick assets are
around S12 100000, against $10,870,750
loans.
Net income of the Western Union
Telegraph Co. for the nine months
of 1928 increased more than $1,000
900 over the corresponding period of
1924, the total of S1I $40. .490 compar-
ing with S9,511, ,355. Gross revenues
jumped nearly Sl0,0O0,0oc, reaching
S94,141, ,l30, against SS4.S6l, AIS a year
ago. Expenses increased about ST.
600, 900 to S80,8i3,5s6.
Stockholders of Western Electrical
instrument have approved an in
crease in common stock from 100 900
to 100000 shares, with the privilege
to subscribe Tor $4,000 shares of the
new stock at SIS d share in the ratio
Of one share for each four held.
Sales of National Tea Co. of Chi
cago, which has declared a 200 per
cent common stock dividend, reached
$33.891,59 for the nine months this
year, a gain Of 20.72 per cent over
the $28,013,867 reported for the same
period of 1924. September sales
jumped 23.l5 per cent over Septem.
ber last Year.
Prime western zinc sold yesterday
at a new high for the year, $50
pound, East st. Louis. for spot and
prompt deliveries, and SITE for
future deliveries. Strong demand is
reported from Europe for spot and
prompt zinc available for shipment
through Gulf ports. The Far East
is showing signs of entering the mar
ket and domestic buying is in fair
volume.
Onyx Hosiery Co., earned $3.50 a
share on the common stock after pre-
ferred dividends in the last nine
in contrast to a deficit of $S5,254 i'll
the sambe period of 1924.
September earnings of Southern
Diaries, Inc, not including earnings
from Florida properties recently ac
quired. increased to 1,572, compared
with S70,707 in September, 1924.
Wall street hears that directors of
International Paper Co., may arrange
for new financing in the near future,
probably about Sl0,000,000 in the form
of additional stock.
w. G. Conners, jr., of Buffalo. yes.
terday was elected a director of the
American Shipbuilding Co.. to fill the
vacancy caused by the resignation of
G.. E. Wade. All other officers were
reelected.
The executive committe of the New
England Telephone & Telegraph Co,
has authorizd S4,907, ,596 for new con.
struction.
Shipment of $4,000 in gold coin is
being made to the Straits Settlements
by the International Acceptance Be nk