Evening star., 1927-09-28
Wall Street Briefs

4
; ILLINOIS CENTRAL.-Under tn.
stimulus of higher cotton, and re
tovery from floods, the situation in
the southern territory of the Illinois
tentral is looking better. SAYS Charles
Il. Markham, chairman. Sentiment
Was strengthening in the Mississippi
Valley every day among agricul-
turists and business men that the
government would do something def
hite to relieve them of fear from
5oods. He expected freight and
passenger traffic TO Florida this
Winter would be better.
u. s. sMELTING.-United States
smelling G. Refining earned $2.77 a
share on the common stock, after
preferred dividends, in the frs,
light months of 1927, against $3Sa
/ share in the same period of 1926
Net profit declined to $3.604,000 from
tf,06S,S34.
MISSOURI PACIFIC.-August net
operating income of the Missouri
Pacific rose to s2.149.166. from $1,000
t39 in August. 1926. The total fol
hight months this year was $9,566,008
In contrast to $12.333.969 in the
corresponding 1925 period. August
kTOSS revenues were
against $11.676,065 a year ago.
LOUISIANA OIL.-Louisiana Oil
Refining Co. has completed the pur-
khase of the United Oil Products Co
bf Spring field, Ohio, and the Marys.
ville Oil Products Co. of Marysville
Ohio, for a reported consideration oi
100000. Both are distributors of re.
fined oil products. The acquisition
will increase the Ohio business o
Louisiana Oil to about 100000 gal
Ions a month.
c. & n. w. OUTLOOK.-Fred w
Sargent, president Of the Chicago
Northwestern, says the roads budget
Tor 1928. although not yet completed
will be fully as much as this years
which was s26.000.000. indications
were that the net showing for 1922
would approximate 1925 net OF $12,.
G9,841, which was equal TO $6.92 {
bhare on the common. August ne
operating income moved up TO s3,063.-
t2s from s2,707,013 in August, 1925
GERARD ELECTED.-Julian NJ
Gerard was elected president ant
director OF the Internationa
Eermaric Trust Co. at the or
Eanization meeting. W. T.. voi
Marx was chosen vice president an,
director III charge of the foreign de
pertinent. and Ernest X. Satterle,
vice president and trust officer.
NEW YORK CENTRAL.-Augus
net operating income of the New
York Central dropped TO s6.595.9ls
from s7,529.l2a in August last yea
and for the eight months this yea
TO S43, ,43003s, from $47,4996l8 in tn,
same period OF 1926. August gros
was $34550.905, against $35, 5,222 sol
year ago.
PLATE LASS.-Production o
polished plate glass in the Unite'
States in August was 10.615,97
square feet. an increase of 1,147. So
square feet over July, but 65Sl0
square feet less than in August las
year. the Plate Glass Manufacturer
OF America report.
ROCK ISLAND.-The Rock Islam
lines had smaller August earning
thsn a year ago. surplus after charge
falling to Sl,60G.42S, from >2.75I. .99i
Surplus for the eight months thi
year Was s5.914695, against s5.4s7. .53
In the first eight months of 1926.
GOLD SHIPMENTS.--It would b
financial anachronism" for Ia
United STATES To ship gold 10 Eurol,
when this country is shipping heavil
OF wheat and cotton. gaid Fred
Kent, vice president of the Banker
Trust Co Of New York. an suthorit
can foreign exchange. OH his retur
from abroad. He saw small proba
bility OF an early movement Of th
American gold surplus to Europe.
WESTERN PACIFIC.-The West
ern Pacifics net income for AugIi'
dropped to $l91,700 from 1856, 225
August last year, and for the eigi
months this year a deficit of $4S5
aN6 was shown after charges. in cor
trast 10 income of s1.232.943 in Il
corresponding 1926 period.