Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-01-06
Wall Street Briefs

NEW YORK, January 6 P.-A
moderate increase in untitled orders
of the United States Steel Corpora
ton at the close of December, is now
considered probable in the trade when
the figures are made public next
Monday, contrary to, earlier belief
that decrease might be shown
owing to the drop in new business
during the holiday period. The de-
cline in buying the last two weeks is
said to have been smaller than in any
similar period for Is years
The Discovery well, which Gypsy
Oil Co, subsidiary of Gulf Refining.
brought in on 2SS acres in the new
Oklahoma pool called Carlsboro,
yielded 250,0 600 barrels in December.
At the sale OF S2.10 a barrel, more
than half a million dollars has been
received from this single drilling.
Westland Oil Co. and Amerada have
part interests in the acreage.
Directors of the Chicago, Rock Is
land and Pacific transacted only rou-
tine business at their meeting yes
terday.
New York Merchandise Co, Inc,
declared an initial quarterly dividend
IF 30 cents a share on the common
stock and the regular quarterly Of
S1.75 on the preferred, both payable
February ].
Although directors of the Pullman
20. yesterday declared only the
regular quarterly dividend Of 81 a
share without any other announce
ment, it was reported in Wall street
60. l. L. .1.N-r i. =
under consideration, details of which
are closely guarded.
The California Oregon Power Co.
subsidiary of STANDARD Gas and Elec-
trio. has started construction of a
new hydro-electric development on
the north fork Of the Rouge River in
Oregon. The plant win cost about
e1,250.000 having ultimate capacity
of $1,000 horsepower.
Remington Typewriter 60. in 1925 i.
understood to have had its best year
since 1919, earnings available fol
dividends, after depreciation and Fed
eral taxes. being estimated at more
than $2,500,000 or about SIS a share
on the common stock.
Announcement that the Chase Cos.
Inc, of Waterbury, Conn. hay,
arranged to acquire the asset.
and good will Of the Z. T. HungerforC
Brass and Copper Co. of New Yorl
City, comprising warehouses in VI
plous parts of the country for the dis
tribution of. brass and copper, wa,
made yesterday. The financial con
Eideration was not made public. Til,
chase Cos. according to f. S
Chase of this city, their president
contemplate no changes in manage
ment or personnel of the Hungerfort
Co
Net earnings of Inland Steel ca
for 1926 are expected 10 come close [,
81 900 900, the best year il has ha,
since 1917. This would be equal :,
more than 50 a share on the common
stock, after preferred dividends
against 1888 a share in 1925.
Public Service Electric and Gas &C
has asked permission of the Publ
Service Commission of New .!crse
80 issue $42 ,060.3l7 of per cen
cumulative preferred stock, series q
1925, TO consolidate with it nine con
panies it now operates under long
term leases.
The Nitaphone Corporation and tn
Fox.Case Corporation, which is cor
trolled by Fox film interests, hay
made a contract by which Nitaphon
has licensed the Fox-Case corpora
,.on TO produce talking motion pic
lures under the system developed b
Western Electric 60. The aercemon
.ruVcrS an exchange of artists betweG
Tie Two companies.