Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-16
WALL STREET BRIEFS

NEW YORK, September 16 P.-
freight rates on various classes OF
commodities in Western trunk line
territory support an encouraging sit
uation. in the opinion of Fl. E. Byram
former president of the Chicago, Mil
waukee and st. Paul and one of the
receivers for the road Hearings or
applications for such a revision OF
class rates had been postponed for
90 days, he said. to allow conferences
between representatives of railroads
and various civic and commercial or
CARNATIONS. A majority of shippers
organizations favor it, he asserted
Business generally was good in the
roads territory, he added, but est
mated net operating income for Au
gust was below the $2.633,729 of a
year ago.
Pittsburgh Plate Glass Co. declared
an extra dividend of per cent and
the regular quarterly of 2 per cent
payable October l to stock of record
September Is.
Prices of radiators have been ad-
vanced 5 per cent by the American
Radiator Co. and the Richmond
Radiator Co. Round boilers also
have been advanced ~ per cent and
sectional boilers, 10 per cent.
discouraginS report is made to
stockholders of the Singer Manufac-
turing Co. by Sir Douglas Alexander
president, who said the company's
present business in Europe is very bad
owing to the British coal strike the
Polish situation and exchange condi.
ton in Belgium and France "It must
be realized" he added that the ma
iority of our business must be done on
an installment plan, and with exchange
conditions such as-they are, 1t is very
difficult for us to make a profit We
have no intention of resuming bust
ness In Russia as long as present con
ditions continue" Net income for 1925
vas $22 $4,000, equal to $24.64 a share
on the outstanding stock.
Although sufficient stock has been
deposited to carry out the merger of
columbia Gas and Electric and the
Ohio Fuel Corporation, the time limit
has been extended to October for
accommodation of belated sharehold-
erS
Inquiries for mining cars chiefly
equipment in the last few days, pend
ing business including more than
900 units.
Good buying of pig iron is reported
In the New York district. bookings
this week already exceeding 10000
tons. Most of the tonnage is for ship
ment in AS days. indicating scant
stocks in hands of consumers.
Operation of beet sugar factories in
Nebraska and Wyoming will begin
the first week in October. Record pro-
duction is anticipated.
international Paper Co. plans new
mill in northern Louisiana to manu-
tacture Kraft paper. used for wrap
ping and bags, which Will have daily
capacity of $50 tons. The company
has Just bought 10000 acres of tim
her land in that section for raw ma
terial The new mill probably will he
located near the Company'S present
Kraft mill at Bastrop. La.
Cast Iron Pipe & Foundry was low
bidder on 5000 tons Of 36-inch cast
iron pipe for Syracuse, y. Y, a con-
tract for which is expected in a few
days.
Mountain & Gulf Oil declared an
extra dividend of ! per cent and the
regular quarterly Of per cent, pay
able october Is TO stock of record
October l.
Rudolph Weyerhaeuser. lumber
manufacturer of St. Paul. Mimi, yes
terday was elected a director of the
Northern Pacific Railroad to succeed
John \. Steele. who resigned.