Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-15
Wall Street Briefs

NATIONAL TEA Conditional Tea
Co, Chicago, plans the sale of an adj
6itional issue of $750,000 of per cent
preferred stock, the proceeds to be
used in the purchase of 126 stores
from National Tea Co. Of Wisconsin.
MOBILE & OHIO. The Mobile 4
Ohio has inquiries out for $50 box
cars. $50 gondolas and 200 fiat cars
and is in the market for passenger
coaches Southern Railway also is in
quiring for 55 passenger car under
frames and the Delaware & Hudson
has revived its inquiry for baggage
and mail cars.
GENERAL ICE CREAM.-Stock
holders of General Ice Cream Corpora
ton will meet in Schenectady Deem
Der q to vote on an increase in COM
mon stock from $50 900 to 100000
shares and an issue of $4,000 no par
shares of So cumulative preferred.
INTERNATIONAL ACCEPTANCE
BANK. International Acceptance
Bank is shipping $4,000 in gold to
the Straits Settlements.
Review reports increasing confidence
in the steel trade. Consumers of
heavy finished steel not only have
been specifying more freely against
low-priced contracts, which producers
threaten to terminate December 81,
but also have been covering literally
for first quarter delivery. With pig
iron contracting for first quarter and
first half shipment continuing salts.
factorily. the trend toward strength in
steel prices is more pronounced and
production few points higher in some
districts. Iron and steel markets are
distinctly confident.
INDUSTRIAL ACTIVITY.-The rate
of industrial activity in the United
States in November was per cent
higher than in November last year,
but showed q sea sonal decline of 3.S
per cent compared with October this
year. Electrical World reports. The
rate of activity is based on the con-
sumption of electrical energy by about
5000 large manufacturing plants
throughout the country.
NEW YORK TITLE & MORT
IGAGE.-Under plan of profit-sharing
with employees, begun four years ago,
payments totaling $704,000 will be ar
ranged tomorrow tor LOO employees
of the New York Title & Mortgage
Co. and it's affiliated institutions,
American Trust Co. and National
Mortgage Corporation. Each employe
will receive half of his share in cash.
The other half will be paid for his ac-
count into an investment fund used
for the purchase of New York Title &
Mortgage stock in the open market.
GENERAL MOTORS EXPORT
The American automobile is creating
wealth and prosperity in foreign coun-
tries through it's instrumentality in the
development Of the economic growth
of those countries, said ]. d. Mooney,
president of General Motors Export
Co., on his departure for a twomonth
tour of inspection of General Motors
operations in Europe. Everywhere in
the world the automobile is building
economic growth, he asserted.
CLEVELAND TRUST Cove
are in a new era of business that is
characterized by sta ability, but only rel
ative stability; of industrial activity,
of credit rates and of commodity
prices" says Leonard p. Ayres, vice
president of the Cleveland Trust Co,
reviewing business. THE credit Strin-
gencies that formerly came in business
cycles is still with us, but it no longer
runs through the old wide swings from
profound depression to feverish pros
perity and back again It's irregulari-
ties have been in large measure
smoothed out. We need no longer fear
the severe times of unusual business
activity"
ASSOCIATED GAS & ELECTRIC
Output of electrical energy of Associ-
ated Gas G. Electric system touched
new high point for the week ended
December 3, with production of 49,
237 ,578 kilowatt hours, a gain of 4.36
per cent over the same week in 1926.
The highest weekly output in 1926 was
II. 1862 ,349 kilowatt hours in the week
ended December 10.
AMERICAN SUGAR REFINING
James +. Brownlee, general sales man.
ager of American Sugar Refining Co.,
has accepted an executive position
with Postum Co Both buying and
selling of American Sugar Refining
Co. hereafter will lie in charge of Ed
ward A Weber, vice president.
Charles H. White, jr., sales manager
at Baltimore, will come to New York
as general sales ma mayer.
PRATT & WHITNEY.-Oneo of the
largest foreign shipments made in re-
cent years by an American manufac.
turer of machine tools on single con-
tract-18 carloads of machine tools
and auxiliary equipment worth a quar-
ter of a million dollars--has been sent
to Japan, 1t was announced, by Pratt
Whitney.
NEVYy vnpY MApYETC