Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-01-01
WALL STREET BRIEFS

NEW YORK, January LP).-Wal,
street is observing, New Year day with
| the closing of the Stock Exchange and
all other exchanges and commodities
markets. AS it Is legal holiday, the
banks also are closed. The commod-
| ity markets are taking a three-day re-
cess until Monday, but the Stock Ex-
change, the Curb Market, the Consoli-
dated Stock Exchange and banking
institutions will resume business to-
| morrow.
Sales of Mack Trucks. Inc, for 1925
will show an increase of 40 to so per
cent over 1924. A. J. Brosseau, presi-
dent, has informed stockholders. The
| outlook for 1926 indicated another
year of marked expansion. he said.
Sales Of Mack buses in 1925 increased
ESQ per cent
October surplus of Atlanta Gulf and
West Indies Steamship Lines and sub
salaries, amounting to $27O,102 after
| depreciation, taxes and charges,
brought the 10-month total to 81 $751;
$40, compared with $S80,498 a year
ago. John G.. Gredler, secretary, has
been elected a vice president, and
| Frederick G.. Dumain, a director, has
| succeeded the late Andrew Fletcher
on the executive committee.
National Financial News has &C.
| quired Popular Finance, both Of which
| are published in New York City. The
consolidated publications will bear the
| title National Finance News and Pop
| ular Finance.
December sales of Sears Roebusk
Co. were $50, 521.658. an increase of
1876 per cent over December last
year. bringing the total for 1925 to
s258,342,236. against s222,174.742 in
1924. a gain of 1853 per cent.
al Co. has received an order from the
Toxic Electric Light Co., largest
| distributor of electricity in Japan,
| for four transformers for 154,000-volt
transmission, costing 100000.
Benjamin Joy, vice president of
| the Bankers Trust Co., who has been
| in the foreign department of that
| institution, will become associated
2. He also will become chairman
| Of the board of the United States
| and foreign securities corporation.
Officials of the Southern Pacific
| estimate that the roads net operat-
| ing income for 1925 will not be far
| short of last years figures. Deem
! ber's earnings. it is said, will show
| marked improvement of net operat-
| ing income of $3.7S8.382 for Deem
| Der, 1924.
r. G. Dun & Co. reports 374 COM
mercial failures in the United States
this week, against 334 last week
| 452 the preceding week and 445 q
year ago. Insolvencies in the Pacific
| States were larger this week than
| the corresponding period last year,
but smaller in the East, South and
West.
F. J. Lisman & Co. have sold the
entire issue of $4.000,000 of TN per
bine and Equipment Co. or Czecho
slovakia, offered for public subscrip.
ton at 95A and accrued interest to
| yield about 7.90 per cent.
A proposed issue of $4,000,0 900 pre-
| ferred stock Of Louisiana Oil Refin-
ing Corporation, upon which stock
| holders will act about January IS, is
understood to be for retiring all of
| the company's 5k per cent serial
! debenture issues. originally $780,
| 900, but which was reduced to ST.
| 100000.
Wall Street hears from Detroit
that banking interests there are talk
ing of a merger of automobile wheel
companies involving Kelsey Wheel
Hayes Wheel and Wire Wheel OF
America. Officials of Kelsey Wheel
however. were said to have denied
knowledge of any negotiations.