Evening star., 1926-11-18
WALL STREET BRIEFS

NEW YORK, November IS F).-
The Chicago, Burlington and Quincy
will close 1925 with surplus, after
charges of more than $2.000,000 above
last year, saws Hale Holden, president.
October earnings were larger than Oc-
tober, 1925, and November earnings
so far are ahead of a year ago." Gen
eral business is good in our territory
and it promises to continue in large
volume over the year end"
Pittsburgh dispatches to Wall Street
saw foreign consumers of coal are can
ceiling orders whenever coal has not
been shipped. The mines have ac-
cumulated thousands Of cars of coal.
which have no market at tideWater
and after Tuesday will not be taken
for Lake trade. The mine run has
shown further declines of 25 cents to
so cents and can now be bought as
low as 50 ton.
October sales Of independent steel
sheet makers dropped to 212,O29 tons
from 44S.147 the month before and
4O3.49l tons in October last year, the
National Association of Sheet and Tin
Plate Manufacturers reports. I'm
filled tonnage November l was 5S1 1898
tons, against 731 ,977 on october l.
The motor industry in great Britain
IN in a very healthy state, despite the
prolonged coal strike, said William
Ledds, managing director OF WHY'S
overland Crossley. Ltd. on his ar
rival from abroad. The English Over
land Co. was experiencing a success
ful time. he said. and exports of Brit
ish cars were steadily increasing.
Baldwin Locomotive Works has
hooked about $7,0O0,000 in new busi-
ness since the first Of the month, or
ders being received for l03 locomo-
tives.
Actual earnings of Barnsdall Cor
poration for the first nine months this
YEAR were s4,767. .401, compared with
s2.l5S, ,996 in the same period OF 1879.
This is equal to $4.15 share on the
A and E stocks, against S2.31 snare
a year ago. Gross sales ana earnings
from operations rose to $23,044, ,461
from $lo.902 .502.
r. b. Terbell, chairman of the board
and president of American Brake Shoe
and Foundry Co. has been elected
director of the Guaranty Trust Co.
The Chicago, Rock Island and
Pacific is in the market for $500
freight cars. The Pennsylvania is in
ouiring for 6S passenger units and the
Ruffalo. Rochester and Pittsburgh
for repairs to $50 cars. The Missouri
pacific is expected to enter the market
soon for about $500 freight cars.
Underlying conditions have not
changed in the last 80 days; business
ia stable and active and unquestlon-
ably will continue SO through the re-
mainder of the year. says the National
Rank of Commerce in New York.
Grounds as yet are equally lacking
which might justify expectation OF
anv major movement either up Oh
down in the general level of com
mercial and industrial activity in l92 Z.
The bank alludes to the rise of bond
prices during the 80 days ended No
yember Is, in the period of heaviest
aeasonal demand for money. as "strik-
ing evidence of the huge investable
surplus of the American people"
Laclede Gas Light Co. declared an
extra dividend of > per cent on the
common stock and the regular per
cent and the regular semi-annual of
21s per cent on the preferred. all pay
able December Is, to holders of record
December l.
w. A. Hartman & Co. has bought
a substantial interest in the Eastern
Exchange Bank Hamilton Pell and E.
Roland Hartman have been elected di.
rectors. r. l.. Bigelow will continue
as president.