Evening star., 1927-11-30
Wall Street Briefs

sWENSoN TEXAS Co-Eric p.
Swenson, chairman of the board of the
National City Bank and the National
City Co. and president of the Freeport
Texas Co., has formed the Swenson
Texas Co., holding company to func-
tion for his stocks in various enter
prises. Mr.. Swenson, who took lead
Ing part in pioneer development of the
sulphur industry, and his associates
have large interests in several prosper
GUS industrial concerns. Later the
shares of the new company are ex-
pected to be listed on the Stock Ex-
change.
TRANSCONTINENTAL Ole. H.
Huston, chairman of the Transconti-
mental Oil Co.. denied reports that ne
gotiations were pending for a merger
with the California Petroleum Corpo-
ration.
NATIONAL LIBERTY INSUR-
ANCE.--A stock split-up of five for
one and change in par value from
$50 to $40 in shares of National Lib
erty Insurance Co. were approved by
stockholders yesterday. The company
will now have 100000 shares outstand-
Ing.
ASSOCIATED GAS.-Gross earnings
and other income Of Associated Gas
and Electric system for the year ended
September 80 was $33.767 ,452, an in
crease of $6,088, ,418, or % per cent, over
renewals and requirements, balance
available for all dividends of the COM
pany was $5,457,77S, gain Of $1,799,-
Ala, or 49 per cent.
LOS ANGELES GAS AND .ELEC-
TRIC.-Los Angeles Gas and Electric
Co. earned $23.74 a share on the pre-
ferred stock in the year ended October
81, balance available for dividends and
sulplus amounting to S4,591,414 After
preferred dividends of $1,160,178, bal
ance for common stock, which is held
by Pacific Lighting Corporation, was
equal to $2450 a share.
PACIFIC COAST CO.-Pacific Coast
Co. plans to build cement plant at
Seattle, Wash. with capacity Of mil
lion barrels. The Pacific Coast Cement
Co. has been formed to finance and
operate the cement business. About 70
per cent Of it's outstanding stock will
be owned by the Pacific Coast Co.
ATLAS PLYWOOD.-TheC Canadian
government has allowed patent claims
of Atlas Plywood Corporal ton on it's
speedpack method of packing furni-
ture in plywood packing cases. United
States patent claims recently have
been allowed.
BUSH TERMINAL.-Commo stock
holders Of Bush Terminal Co. of record
December win be given rights to SUBJ
scribe to new common shares at $50
q share to the extent of 40 per cent
of their holdings Proceeds will be ap-
piled to redemption and cancellation Of
$2,300,000 6 per cent preferred at $11O
q share and other purposes.
SOUTHWEST PENN PIPE LINE.
Southwest Penn Pipe Line declared
an extra dividend of 81 with the regu-
lar quarterly of 81, payable Decem.
ber 81 to stock of record Decem-
ber Is.
NATIONAL RADIATOR-Public of.
fering of 10000 shares of National
Radiator Corporation common stock is
being made at $39 share by syndi-
cate headed by J. and w. Seligman &
60. The stock will carry an initial
dividend Of rs cents a share payable
December Is.
REQ MOTOR PROFIT.-Net profit
of REQ Motor Car Co. for IL months
ended August 81 was s4,145,792, equal
70 s2.07 a share. against $4,257 .919, or
S2T2 a share in the previous fiscal
year. Directors have voted to change
the fiscal year to conform with the
calendar year. The next annual report
will be for the year ended December
81, 1927.