Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-27
Wall Street Briefs

NEW YORK, July 81 LN.-Inland
Steel Co. earned 1887 a share on the
common stock In the first half of
1927, after preferred dividends, against
$2.52 share in the first half of 1926.
Net income was $4,346, 020, against So
333,233. Second quarter net income
was $2,215 ,O94, compared with $1,792,-
324 In the second quarter last year.
Regular quarterly dividends of 621h
cents a. share on the common and
s1.7S on the preferred were declared.
June net operating income of the
chicago. Milwaukee & st. Paul drop
ped to $562,523 from 1850, 1923 in June
last year, and for the half wear to
S3,s0s, 10s from 96.171.487 in the first
half of 1926.
u. s. Leather Co. earned 1892 a
share on class "a" stock in the hair
year. after preferred dividends.
Pierce Petroleum CORPORATION 70.
ports net loss OF $72,939 for the half
year, against net loss of $136,OS4 in
the first half Of 1926. Profit of S56..
oo6' or z cents q share, was earned In
the second quarter, against loss Of
$129,496 the preceding quarter.
Jones & Laughlin Steel Corporation
mad net income of $7,234,80 for the
half year, equal to $s.O6 a share on
the common stock. after preferred div.
idends, against $7.501 ,769, or 1851 a
snare, In the first half of 1925,
Earnings Of the Radio Corporation
OF America picked up in the second
quarter. net profit Of $425,5S7 being
equal to S1.08 a share on the nre.
ferred, against $126,77S, or 80 cents
a share. in the preceding quarter. and
SSZ,o20 in the second quarter last year.
Gross income for the half year ex.
ceeded $6.1O0.0OO.
Bookings Of new business renorted
by Allis. Chalmers Manufacturing Co
Tor the half year aggregated }l5,110,-
Sl3. UNIFIED orders on June 80 were
$1l,251,142, against $11 ,634,7l1 on De-
cember 81.
The Delaware, Lackawanna & West
ern had net operating income of
l,797,0 98 for June against $2,110,6
In June last year, and for the half
year, 5,O01, against $7,9s3.5e9 in
the first half of 1926.
Preliminary figures of supply and
demand OF oil in June show contin-
uation of seasonal Withdrawals of
gasoline from storage, while excess of
crude oil again is reflected in substan-
tiai additions to storage. The fore
cast, which does not include California,
shows a net increase in all Oil held in
storage Of 4,697,000 barrels for the
month. This represents daily ex.
cess supply Of 10000 barrels, Pre-
1iminary figures for June show g..
3l5, 900 barrels Of gasoline withdrawn
from storage by refineries represent
ing SO per cent Of operating capacity
east OF California.
June net operating income of the
New York Central was $6,s75,512, a
decrease OF 1922, 459 compared with
June last year, and for the half year,
'$sl. 144.eoe, a drop of $2.O57.1ss under
the same period Of 1926. Gross reve.
nues for the six months We're $76.765
more than a. year ago.
A rise Of four points to a new high
price followed the listing of Metropoli-
tan Chain Stores common stock on
the Amsterdam stock exchange, the
first American chain store issue to be
listed in Holland.
Net earnings of Phillips Petroleum
Co. for the half year were $l1 ,628,87
applicable to dividends, surplus and
reserves for depletion and deprecia.
ton, compared with $14,201, OFT in the
first half of 1925. Total earnings were
22.745. 800 against $22,650, 900 a year
ago. The company production of
petroleum for the half year was 49,.
350,611 barrels, an increase OF 80 per
cent over the output in the first half
of 1926. The figures do not include
earnings Of Oklahoma Natural Gas
Corporation, 95 per cent of this stock
of which Phillips Petroleum owns, and
were about $1,800.O 900 for the half year.
w. B. Foshay Co. has bought the
Central Mendocino Power Co. of Will.
Its, Calf.