Evening star., 1926-09-23
WALL STREET BRIEFS

NEW YORK. september 3 p
Incoming business os the United
States See Coruora cj0u thus far this
month i reported 10 have been sub
stantiaIIv 1esS r-ar deliveries 70 Gus
toners. ind ca-Lg- I1a- ci2e un7lled
.ornaEa statement fo~ september Viii
show q daclIra IL bookings which x
expected - IA small. - t'-e volume
Of business toward TIE close of the
month usually : beaver. \ dror-of
6n.1S- tons IN 'i-f5t.at s~ders was re-
ported for Angus. against an in
crease OF 20 SSa ions in July The
books carried unfinished business OF
s.452.3 .335 tons on August al
4 dividend II "a per cent in COM
mon stock ana an Increase quarterly
cash dividend - - cents q share
have he4n declared on the common
stock of Evno Motor car Corpora
ton. Tha cash distribution, formerly
tha v4w common and IS payable
Eover- ~ 20 holders Of record
Octoh@~ 60 TIE stock dividend is
pa-ahI2 oc-oter : 70 holders OF rec
ord October : & ! Hastings pres
i4ant Was made chairman Of the
boar! an5 r Young was ap-
pointed president and general man
sEer-
Public ofer.nG viii he later this
wea- us s. 4o -5@ra@ Of convertible
uc,s Ire- Vr:-r ha$ been organized
I'm Massachusetts, 20 acquire the
proper plants and business Of
Auerl~a1 Powder Mills Preference
stock w5ti ~ couver-ibla into COM
mon -',.a. - which there will be
1000 ~ par shares. and will have
eqlia! voting power with the COM
mon N : Connolly identified with
thA lacquer industry. and Parry D.
savior. president - Canada Dry Gin
ger Ale. are on the board.
Prices ot -teel scrap have declined
- cents q ton in the Chicago dis
trict. quotations ranging from sl4 TO
The aioohol trade anticipates an
increa 50 cf 10 cents in prices of
denatured alcohol above the current
level 81 80 cents h gallon in drums
in the next tw0 weeks. 4 year ago,
the price was $50 cents. Heavy de-
mand for the product this Fail and
Winter IS expected from automobile
owners for anti-freeze purposes.
Iron Trade Review says maj jor de-
velopments in iron and steel the past
week have been on the side of con-
tinued confidence. Railroad inquiry
for cars and truck material
has hroadened. Fourth quarter pig
iron purchases have dropped 100 900
tons and prices are stronger. Auto
mobile production IS bowling along
at a rate which. if maintained, pro-
portionately in later months, should
surpass the 1925 total
The equipment trade hears that
the New York central III a day or
two will put out inquiries for go 900
tons Of rails for 1927 delivery.
Surplus Of the Wisconsin Central
for August. after Interest. declined
to Si46,I70 from seas. 1856 in august
last year. There was deficit of
sls1.S4o for the eight months Of 1926
In contrast TO surplus of si5i.76l a
year ago.
Pittsburgh Utilities declared an ex-
ira dividend on the common stock
aeEreCating SiS7.5oo in addition to
the regular semi-annual disbursement
Of 81 share. also an extra of 2t2
rer cent on the preferred and the
semi.annual Of 3i2 per cent, all pay
able November to stock of record
October 10.
An initial dividend - - cents
shs 70 has been declared on the pre-.
ferred stock Of American Solvents
and chemical Corporation. payable
October "a holders ~ record. Sep
ten her {.
Peoples fi=hr and Power Corpora
'ior ,sufrrllet %, " y Foshav
interest hve Increased The annual
dtvIlsul ftf. uu the class \ common
sto,k rrem g" ~ 8 40 q share The
diviteud .a naih monthly.
ir'etrsft.rs' Iti'iies Corporations
aarrea tt H share On the prefer
~ed 'u fhe ear ended July ~, With
rs' earr#Hss ~ 81 tisa.a;s Ralance
rsr rref"rred dlstiends Was equsl
o. o. 90 shave cor tho ''fsH
ssaak ~ fNhc tho annual dividend
sqursnsnts