Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-15
Wall Street Briefs

NEW YORK. April Is (P).-The
New York Stock Exchange, the Curb
Mark, Cotton Exchange and all other
securities and commodities markets
are closed today in observance of Good
Friday. The banks are open. as 1t is
not a legal holiday. The Stock FIX.
change and Curb Market will resume
trading tomorrow for the usual two.
hour session, but all commodity mar
kets. except the New York Produce
Exchange, will be closed for three
day recess.
Carl r. Gray. president of the Union
Pacific. says general business condi-
tons throughout the roads territory
the first half of 1927 and gross reve-
nues of the system probably will not
equal the same period of 1926. but he
expects gains in the last half of the
year TO Offset the shortcomings OF the
first six months. Crop prospects were
almost universally favorable, while
wages will be higher every effort is
bent upon reduction of handling bust
ness. In the first two months this
year 768 revenue tons of freight were
carried per train, an increase of 5
tons per train over a year ago.
American Chain Co. declared a divi-
dend of Is cent a share on the com
mon stock, payable April 5 10 holders
of record April a. The previous pay.
ment was so cents, on January Ia.
Three seats on the New York Stock.
Exchange We're sold yesterday for a
total OF 1926 900 Ira Haupt paid
$3.50 900, Neil G. Finch $4,000 and
William II. Hays, jr., $4,000. all Of
No "a "a N r.
brought $4,000
Net Income of American Tuterna.
tional Corporation for the first quar-.
ter was s526,500. equal TO $l,07 a share
on the common, against $574,016, or
S1.t7 a share, in the first quarter last
year.
Profit and loss surplus of the Nor
folk Southern at the close of 1925 rose
to 1851, sos from 1888 SOL the year
before.
The new asphalt plant Of Pan Amer
lean Petroleum Transport co. at
Baltimore is in operation. on the
basis of sales so far this year, the
company expects to sell 500 900 tons
of asphalt in 1927. The refinery at
New Orleans is now running entirely
on Texas crude.
Net profit OF Libby McNeill q Libby
for the year ended March s was ST.
sos 1882, against 81 .405 AIS the year be-
fore. This is equal TO 1891 share
on the preferred. on which there are
accumulated unpaid dividends and al
lowing only for the regular annual
dividend, to $iS4 on the common,
against $l3.36 on the preferred and
$1.69 on the common the year before.
Artloom Corporation had net profit
of 1921. 345 for the first quarter. equal
after preferred dividends 10 $1.23 a
share on the common.
General business in the first quarter
of 1927 has been about equal 10 the
first quarter OF 1926, says Leonard r.
Ayres, vice president Of the Cleveland
Trust Co. Industrial production, on a
per capita basis. has been about the
same, commodity prices have been
generally lower. credit conditions have
been easier security prices have been
higher and competition has been more
severe The probability seems TO he
against any important decline in gen
eral business activity during 1877. lie
adds. pointing out the high wage
level, stabilized commodity prices and
easy credit as controlling fundamen-
tails OF trade and industry.
Net income Of The Western Union
Telegraph Co for the first quarter,
with March estimated, declined to
s3.2SS.223 from $3.415,65e in the first
quarter Of 1925 Gross revenues were
$40, 241 or, against SS2, 705,1s4