Evening star., 1926-08-16
WALL STREET BRIEFS

NEW YORK, August 10 OT).-lm-
ports of crude rubber at all ports OF
the United States in July increased TO
37,OS7 tons from 30,l01 tons ahe
month before and 33,9lS tons in July,
1928. the Rubber Association of Amer
ica reports. The total for the seven
months. this year, rose to 24o.l21
tons, from 2l5.-05 tons in the same pc
liud of 1875. Imports ut Atlantic ports
iii july were 35,33S tons.
Assoclatcti oil Go. reports net earn
ings or $4.ol0.S3i for the second quar-
ter of la36 compared with $5.143.ol3 3
In the second quarter last year. MAX
ing net for the half year So. 5.347,
against 10,554,967 in the first half OF
1925.
CITY, Inc, reports that while it's bus
mess and net profits for the first half
of 1925 were slightly less than In the
corresponding period last year. July
and August show a substantial in
crease over year ago. Net income
for the half year was $l,012,202, equal
to 1927 a share.
Production of refined antimonial
lead in the United States and Mexico
in July was POS tons greater than the
month before. amounting to 66,oS3
short tons. The output, however, was
2.274 tons less than in May. Produc-
tion for the seven months this year
WaS 49, .;S7 tons. against an increase
OF 1880 tons over the same period
last year. The crude lead output in
the two countries in July was 1928
tons. against 671S6 tons in June.
\ SIG 900 900 loan for the Republic
nf Peru has been scheduled for early
ofrering in this market by an Ameri-
can banking syndicate headed by
Rlyth, Witter & Co. and White, Weld
& Co Negotiations are still in prog
ress regarding the terms OF the flnanc-
ing. The total debt of the Peruvian
,enublic at the close of last year, the
bankers have been informed, was
O.061 ,246, or less than $l3 per
capita.
Present conditions of prosperity are
those chara acteristic of the top OF a
period of business expansion, says
Leonard p. Ayres, vice president OF
The Cleveland Trust Co. and because
,hiS is true it is reasonable to antici-
nate some future slowing down rather
than ng-continued advance.
Nevertheless, Mr.. AyreS believes no
serious or sudden recession is likely.
because the conditions that have &C
rompanied important business de-
clineS in the past are not developing.
A 10 per cent increase in net power
OUTPUT. the addition of $500 new elec-
-riC customers and $500 new water
customers, and the completion of eX-
tension in the South and East were
among the important developments
reported for the first half year by
the American Waterworks and Elec-
tric Co. Because OF this increasing
activity. President II. H. Porter said
in a letter to stockholders. the COM
panv's earnings for the period would
suhsta ntiauy exceed those of the first
half OF 1925.
Construction of large hydro-elec-
,ric development on the Menominee
River in northern Wisconsis and up
per Michigan will he financed with
me proceeds of a $4,000. 900 bond issue
for The Northern Electric co. which
f;alsev. Stuart & Co will place on the
market this week.
DESPITE an increase in sales in the
iirst half of the year. net income OF
me United States Rubber Co, total
,ng S4,9l5.66S after charges and in
crest. was nearly 81 100000 below
,hat for the corresponding period or
1925 Sales for the six months aggre-
gated 500, 1856. a gain OF Sl.o65,'
S59. c. b Segar. chairman of the
Company. announced that no part OF
he IS 0oo. 900 reserve established last
wear 10 apply against the cost OF
crude rubber In 1926 had Yet been
I.pi