Evening star., 1927-07-21
Wall Street Briefs

NEW YORK, July 81 R.-Oficials
of the Atchison, Topeka and Santa Fe
are quoted in Chicago dispatches to
Wall Street as emphatically denying
reports that a distribution of the stock
of the roads oil properties to its
stockholders is under consideration.
As these properties were obtained pri-
,marily to supply part of the roads
fuel oil requirements, 1t was pointed
out, there would be no object in such
distribution.
Reports of a pending split-up of
capital stock of Brooklyn Edison Co.
were denied today by Matthew S.
Sloan, president.
Net income of G. r. Kenney Co.
chain stores for the half year was
$277 900. equal to 81 share on the
common, against $226.530, or Is cents
share, in the first half of 1926
Bank loans have been reduced from
$1,900,000 to SS50,000. inventories
were reduced S1,440,052 from year
ago.
An order for $4,000 tons of steel
rails from the Canadian Pacific Rail
way has been received by Lake Su
per:or Corporation.
Gulf States Utilities Co., subsidiary
of Engineers Public Service Co., has
signed a contract for immediate install
lation of an additional 40,000-horse
power unit in its Neches base lead
power station, near Beaumont. Tex.
Vanadium Corporation earned $2.94
share in the first half of 1927
against S276 in the first half of 1926
net income rising to S1,113,546 from
$1.043,154.
Prosperity for the balance of the
year now seems reasonably assured
says the mid-month business review
of the American Exchange Irving
Trust Co., although there is some sup
port for the belief that trade and in
dustry in the remaining months will
be somewhat less satisfactory than {
year ago. The turn Of the year find
trade rather quiet and the pace of in
dustry slackened.
More extenive use of machinery ant
a larger volume Of business lifted
earnings of General Cigar Co. for tht
half year to more than 1925 a share
on the common from S1.S1 a share il
the first half Of 1926. Heavy pur
chases of leaf tobacco at low price!
last year also contributed to bigger
profits.
National American Co, which be
gan business early this year, has oh
tanned controlling interest in thu
Bronx National Bank, which has tc
tai resources of $10,000.000. In tn
last six months the company had &C
quired the State Title & Mortgag
daf Nof
American Securities Co. and smalle
subsidiaries.
Crosley Radio Corporation ha
signed an agreement with HaZeltin
Corporation whereby it obtains flu
rights under the Hazeltine, NeutrC
dyne and Latour patents and inver
tions.
Cluett. Peabody & Co. had net prof
of SI.119,148 for the half year, equa
TO $5.17 a share on the common
against 81 OF, 1863. or $3.7S a share, i
the first half Of 1926.
Net profit of Endicott Johnson Col
poration for the first half Of 1872
was $1,70S.221. equal to $500 a shar
on the common stock after preferre
dividends. Net for the first half {
was S2.536,S84 and bank loar
S7,500.000. Total surplus was $13
514,721. an increase of $25O,S71 sint
January l.
Northern Ohio Power Co. repor
net income of $1,082 ,222 for the yea
ended June 80. After deprecia tic
charges of 100000. the balance wf
equal 10 Sl.36 a share, compared wit
81 cents u share the year before.
Net income of North American c
ment Corporation for the half ye;
was S242,311 available for interest al
Federal taxes Untitled contracts Ju
] exceeded total shipments for. Il
first six months.
Steering accommodation are op
TO on|. Fl, class passengers in Z
.wpe.