Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-20
WALL STREET BRIEFS

NEW YORK. August 90 UP.-in
diCationS that other railroad interests
NAV be angling for control Of the
chicago ana Alton are seen in reports
that new banking group has OBJ
tanned a dominant position i'll the
roads 30 nCr cent bonds. The trans
fer of holdings has taken place while
intellectual efforts were being made 10
bring the various Alton security own
rrS together in IL reorganization plan
and the size of the transaction is said
TO he large enough to give the new
group an important voice in iormu'
lating plans Tor lifting the roads re-
ownership.
Nct power output OF the America II
Water Works and Electric CO. for the
first seven months this year agGre-
gated S3l, S4S.65t kilowatt hours. an in
crease Of 1212 per cent over the same
period last year.
Marked Improvement in sales OF
structural steel throughout the coun'
INV developed in the last week, book
sings OF about $4,000 tons, being an
aucrcas Sc of 900 tons over the pre-
cedinc week The largest was 5000
tons for factories Of the Oakland
Motor Car Co. the Austin co. and
the Massillou Bridge and structural
40. Pending business is around 10000
tons.
Rubber companies generally should
enjoy prosperity in the second half
of the year. with business and earn
inCs of most of them running well
ahead of the first six months, IN the
opinion OF H l.. Dunn. president OF
risk Rubber Co. who leaves for E.u-
rome shortly July sales of the FISK
co. were larger than July last year
and August sales promised to be bet
Ter than July, he said, with indica'
lions of satisfactory bushes in later
months OF the year.
Financial interests in Alabama have
acquired ownership ut the Alabama
Mineral Land Co. hitherto largely
held in New York. The property OF
the corporation consists largely OF
lands and mines in the State OF Ala
hama New directors and officers OF
The company are Erskine Ramsay OF
RirminEham chairman of the hoard
J. w. Oden Of Birmingham. president
John II Rankhead Birmingham, secre
tary: Sidney Lee. a. c. Ramsay, j. Il
Odcn and W. \. Davis.
Two seats on the New York Stock
Exchange brought $4,000 yesterday
Robert : MEL paid Sl53.o0o tor the
membership Of julius Seligman. and
that Of George :. McAlpin went IL
Henry r. Seaman for $lo3 900. Both
new members are New Workers. me
previous transaction was al $4,000
Thc Bowman Biltmore Hotels Cor
boration reports profit of $l,Oo0.2lS
FOR the first half of 1926 Gfter depre
siatIon. amortization and interest. be
lore taxes. against $S46079 in the
s,rst half of 1925. Based on the stock
outstanding at the close of last year
this is equal. after first and second
preferred dividends. 70 Size i share
M the common. compared with Il
ants share year ago. Gross IN
aUme from hotel operations rose to
R.039.3 1872 from s6,o55.773 In the first
MI of 1925.
C. O. Muhlfield OF Stone Nebstei
yesterday was elected q director a
American International Corporation It
Nll vacancy. W. NJ. CroZier. secre
tarv. was made vice president ant
treasurer. D. @. Millar was appointed
secretary and Arthur q. Gates as
sistant secretary.
Net profit of the Fiske Rubber Co
for the uarter ended July s.
was approximately $1,000 600, eQua
after preferred dividends TO $1.37 4
share on the common, against $500.
Oo0, or s45t a share in the correspond
lnS period last year,