Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
WALL STREET BRIEFS

NEW YORK. September 25 R.-
Predictions of leading steel authori-
ties that activities in the industry
we're likely to show decreases about
his time are borne out in estimates
Vt ingot production throughout the
country, showing a drop OF nearly
per cent in the last week. Present
,apacity is slightly above SO per cent
Two weeks ago the average was S.
per cent. Activities of the United
states Steel Corporation have de-
rlined about 3 per cent in the last
hree weeks. a fair average rate Is
expected to be maintained in the
next few months.
Directors of the Denver and Rio
'srande Western decided at special
meeting to defer interest payment on
he general mortgage 5s due No
temher /. Need of funds to carry
tut the extensive improvement pro-
gram approved by the directors for
926 is understood to have necessi-
ated the action.
Bank clearingS at leading cities OF
he United States for the week ended
September % as reported to Brad
september 90 as reported to Brad
'oss of IT per cent from the week
,efore but gain of 2-10 of ] per cent
yer the same week last year. New
FORK City showed a drop Of 81 per
'ent from last year.
E. r. Bedford, president of Corn
Product Refining Co, intimates that
he directors would consider an extra
dividend on the common stock at their
December meeting. Regular dividends
n common and preferred were author
zed Yesterday, but the question of an
extra disbursement at this time was
not taken UP. He said 1t was the
policy to determine the amount Of sur
olus earnings available for extra diVi
lends only semi-annually, at the regu
ar June and December meetings.
World production of copper In
August is estimated at 1S2.500 short
ons bv the American Bureau of Meta
statistics, compared with 12S,500 tons
n July. The output for the first eight
months Of 1926 was placed at 1,O73,1 loo
ons, a monthly average of 134, 137
Ions.
Surnlus of the Wabash Railway for
August. after charges. rose to $SS9.22;
rom $796 ,667 in August last year
,ut for the eight months of 1875
showed a decline to S3,740.442. August
ross revenues gained S326.472.
Gross business of Fox Film Corpora
.ton IN the week ended September Is
amounted to 5000. 900. the largest for
any week In the company's history.
Net profit of International Combus
ION Engineering for the first half OF
1925 was $752. 400. against $3SS,729 in
the first half of 1925. The company
has no bank loans Earnings were
equal to $l.16 a share. against ~
cents a share year ago.
World production of zinc in August
rose to 1i2,20o short tons from 10000
in July. il is estimated by the Amer
lean Bureau of Metal Statistics.
Public offering yesterday of 10000
shares of cellulose products stock was
quickly sold.
Net income of Elk Horn Coal
Corporation for the first seven months
this year was 1929 900, against $4,000
O year ago.
Walter Bauer. president OF the
Pyrene Manufacturing Co. and OF the
Fire Equipment Manufacturers In
stitute. announced on his return from
Europe yesterday that his company
had entered into an agreement with
the Mininax Co. of Germany, whereby
the Pyrene Co would distribute fire
extinguishers in all of the English
speaking countries and the Minimax
concern would take care OF the rest
of the world. -