Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-19
WALL STREET BRIEFS

NEW YORK. August 10 CP).-The
output of smelter copper In July by
the principal producing companies Of
the world was 344 900 pounds greater
than the month before. amounting to
24S544 900 pounds. Production for
the seven months Of the year was
1885. 900 pounds. against 1880.
oo2 900 pounds in the same period
Of 1925 Shelters in the United States
produced 1872 794 900 pounds in July.
compared with 1874 1872 900 pounds in
June.
Production Al the Kipawa mill of
the international Paper Co. at
Temiskaming. Quebec, is now devoted
entirely to sulphite pulp, used in the
manufacture of rayon. This step
has been necessitated by the dema nd
for raw material resulting from the
reduction of rayon prices on June !.
The mill is said TO produce about one
half Of all wood pulp used in the
manufacture of raNon throughout the
world. the product going TO many for
eign countries, including Japan
International Railway Co. reports
profit Of Sl06.44l for the first half of
1926. after taxes and charges. in CON
trast to a deficit of $244 OILS IN the
first half of 1925.
A new issue of $4,000 shares OF
Derby Gas and Electric Corpora ion
81 dividend preferred stock is being
offered today by a syndicate headed
by PvnChon & Co. at 90 and accrued
dividend. to WELD about 7.29 per cent.
The hazards involved in the recent
imitation of crude rubber costs appear
to have pa sSed and normal opera
tions are close at hand. says r. W.
Litchfield president of Goodyear Tire
and Rubber Co, in connection with the
rompanys statement of earnings for
the half year showing net income Of
$4.n14s13 after all charges. but he
fore payments Of dividends. Net sales
of all Goodyear companies. including
foreign, We're $1ls.7sS 924 for the six
months Of 1926 Crude rubber is
again being purchased for future oper-
atoms at prices more nearly normal.
and our current volume of sales is
extraordinarily large" Mr.. Iitchfield
said.
All but ! per cent of the stock
holders IF he American Telephone and
Telegraph Co. participated in its sub
scription offer for Sl54 900 600 of addi-
tional stock. which closed August ,
In al there were 225.000 suhScrip
lions. averaging 6a4 shares each
About 81 per cent Of the stock was
paid for In fun. Cash receipts,
Sl5s. 900 900
Common stock Of the North Amer
lea company has been listed on the
Amsterdam Stock Exchange.
Motion Picture Capital Corporation
reports net income of $230.767 for the
first half Of 1926 after interest. Fed
eral taxes and other charges. eQuiVa-
lent after preferred dividends to SLIT
a share on the outstanding common
stock
Control IF more than 1000 acres Of
coal lands in Webster County, w. Va.
owned by the Guardian Coal and Oh
CO.. has been acquired by q New York
syndicate II is planned 10 increase
production until daily output Of
10000 tons is reached. Oil and gas
operations also are contemplated.
Fred Mason. vice president of
American Sugar Refining Co. in
charge Of sales. has resigned on &C
count Of poor health He will con
tinue as director and retain has
financial interest in the company
BeneAciaries Of employees Of General
Electric Co. have been paid $500 So
in death claims since the new inSur-
ance plan was inausurated last 30
ven1ber or this amount SSsb.l22 was
paid on insura nee policies issued free
by the company and the balance on
additional insurance issued at a Re
duced rate 10 employees under the
group plan.
The final report OF Jeremiah Smith.
ir commissioner general Of the
League Of Nations for Hungary. for
the year ended June 80 shows re-
ceipts of about So 600 from reNe.
rue pledged for the III per cent re.
construction loan. or approximately
eight times the annual interest and
sinking fund requirements on the
loan The budget surplus OF Hungary
for this period exceeded Sl2 500 600
Large requirements Of steel stead
fly are renewing themselves from
widely diversified channels. Iron
Trade Review SAYS thus keeping
August closely in line with the un-
precedented volume of business hook
81 in June and July. With the month
half gone incoming orders show Y"
appreciahle change over the very Sa T.
sfactory July tonnage and reports ~
increases in production are no. un-
0mmon. Because IF the rounded out
srread Of heavy consumption. oNNe'.
alton Of producers f"r the ren1a nd"f
Of The year have grown more conn