Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-28
Wall Street Briefs

NEW YORK, July % @.-Gulf
= states Steel earned s2.41 share on
the common stock in the first half or
1927, against $277 share In the hrst
half of 1926, net profit declining TO
$371,22 from $416,652. Second-quar-
ter net profit was $134,l3O.
Surplus of the Virginian Railway
for the half year rose to s5,4S 500
equal to SS.45 a share on the common
from S2,469,916. or 1921 in the nrst
half of 1926.
The B. F. Goodrich Co. earned $7;62
, share on the common stock in the
first half of 1927, after preferred
dividends, in contrast to only IL
cents a share on the common In the
f1rst half of 1926, net income rising
to s5,813,5O1 from $1,35S,6l6. Net
sales for the half year exceeded Soo'-
900 600. Regular quarterly common
and preferred dividends were oe-
clared.
Theodore E. Steinway was elected
oresident of Steinway & Son, sue
ceeding Fred T. Steinway, who oleo
recently.
Atlantic Gluf & West Indies steam
shin Lines had surplus of SZ5S'l'S LOT
the first five months this year ~,
contrast to deficlt OF SoV'o@O III 'No
same period of 1926.
Twin City Rapid Transit earned
1890 a share on the common s no N
an the first half Of 1927. against Sz.o.
a share in the same perlou ias'
wear. net incoming rising to s'44'-
395 from $693,999.
Surnlus of Montana Power 90. loi
the half year was $2,146,91I, agalnSc'
sI.9T3.766 in the first half OF 1870
June surplus of the st. Louis-Sar
Francisco Railway was S49S'ooo aL.ei
charges. an increase OF eo'oio ~ w
lime last year, but the total OF SZ'4zo,
240 for the half year was soz $50 iess
than the first half of 1925, equai &c
$3.50 a share on the common asaihS
S4.57 share year ago.
Amtorg Trading Corporation an
rounces that Prof. /. G. AleXandroV
originator of the Dnieper River power
proiect. which it says viii be tne
largest hvdro-electric development III
Eurone. is in this country from the
Soviet Union to study larSe-scale ny
dro.electric power plants ana equip
,nent factories. He will negotiate pai
chases of structural and eXcavatlIf
machinery and win examine oo'ooo
horsepower generators, OF when sever
will be installed in the Dnleper pant
Aggregate net operating income D
the first "a railroads to report June
earnings was $49, $40, 900. against 800
S79 900 in June, last year, decreas'
of 1874 per cent. Gross revenues lo'
these roads were S276, 900, dc
crease of 35 per cent.
Standard Plate Glass Co. reports ne
loss of S242.942 for the half year
against net profit of $l54,034, or Sill
a share on the preferred, in the mrs
half of 1926.
The Fisher Brothers OF Detroit haV
acquired control of more than on pc
cent OF the 200 900 shares OUTSTANDING
common stock of the BALDWIN l-oconhe
tive Co, Dow, Jones & Co. reports, pu
whether they have acquired actua
control of the company Is problemat
cal as 200 600 shares of preferred hav
equal voting rights. The comno
stock is said TO have been acquired o
TIC basis of a confidential report b
w. z. Hutton & Co., which place
Baldwin's assets at considerably J
excess of the price carried on tn
books Of the company.
Net operating income of the Oh
cage Northwestern for the half yea
declined to $S,432 ,843 from $9,S0l,3T
In the first half of 1926.
General Cigar Co. earned S5.2o
share on the common STOCK III u
first six months this year. agaln'
81 al share in the same period {
1926, net income rising to $1,46O.5.
from $912,034.
June net operating income OF II
Delaware & Hudson Co. dropped
$501,2O5 from $1,25S,427 in June la
year, and for the half year to vas
O24 from $3.775.06S in tho first hair
1928 -.---.------.-.