Evening star., 1927-05-05
Wall Street Briefs

NEW YORK, May CP.-Unfilled
orders of the United States Steel Cor
poration at the close of April, to be
made public next Tuesday, are ex-
pected in the trade to show an estl-
mated decrease of around 100000 tons
April shipments were much below
March and the drop in new business
is said to have been even larger. OPP
erations have declined nearly 10 per
cent from the peak of late March.
Should the estimate prove correct, the
tonnage figures would be about $780,
900 tons, lowest in almost three years.
Charles Donnelly, president of the
Northern Pacific, and Hale Holden,
president of the Chicago, Burlington &
Quincy, both denied that their roads
were seeking control of the Chicago
Great Western.
Directors Of the New York, Chicago
& st. Louis CNickel Platel were re-
elected.
Net earnings of Pacific Coast Co. for
the first quarter were $98,326, against
s103,4 ,446 in the first quarter of 1926.
Net income of American Water
Works & Electric for the year ended
March 81 was $4,S29,967, equal after
preferred dividends to $5.79 a share on
the common. against 3,501 ,667 or $3.98
share in the preceding Il months.
April gross revenues of the Pere
Marquette We're as good as the $3,757,-
900 shown last year and surplus after
charges was about equal to the $685..
113, says f. H. Alfred, president.
On information that some of the
employees of the New York Stock Ex
change have been victimized by fraud
ulent stock promoters, K. II. II. Sim
mons, president of the exchange, has
written to all employees, requesting
them, in the event they or their fam
lilies are asked toinvest money in any
promotion which seems questionable
10 report the facts to the fraud bu
reau of the exchange or the Better
Business Bureau of New York City.
Trans-Lux Daylight Picture Screer
Corporation announces that within
the next three months il will hav'
perfected it's news or broad tape
ticker. which will project, in a man
ner similar to stock quotations, tele
graphic ticker news. Heretofore thu
movie ticker" has been confined II
stock quotations.
Maytag Co. declared an extra of 2
cents and the regular quarterly dlNl
dend of so cents, payable June l.
Money is plentiful on the Pacif
Coast and banking conditions are ex
celient, said A. p. Gianfni, chairmal
of the Bank of Italy and president o
Bancitaly Corporation, sailing for Eu
rope. Business on the Pacific Coas
was good, especially in California. Al
but 1000 900 of Bancitaly Corpora
TONS $4,000, 900 capitalization is IN
vested in securities, he said, and o.
July its capitalization will be ir
creased to $180,000, ,00O.
Building plans filed in the five bul
roughs of New York City showed III
usually heavy declines in April, tn
amount being $89, ,716,993, against S101
1,947 in April last year, S. w. Strau
Z Co. reports. The decline from Marc
was $7,34l ,657.
Sale of another seat on the Ne'
York Stock Exchange at $200,00'
eaualing the recent high record, ha
been arranged. Since the $4,000
mark was first reached, a membershl
was sold for $4,000.
Stockholders of American Supe
power Corporation will vote May IS c
a proposed increase in first preferre
stock from 100 900 to 200, 600 share
and in class "B" common from 10000
to 100000 shares.
Redouins of the desert distinguis