Evening star., 1927-10-12
Wall Street Briefs

TO-DAY IS HOLIDAY. - Columbus
day was observed in Wall Street to-
day with the closing of the New York
Stock Exchange, the Curb Market. the
Cotton Exchange and all other securi-
ties and commodities markets. AS 1t
is a legal holiday. the banks also were
closed.
U. s. STEEL. - The finance com.
mittee of the United States Steel Cor
poration transacted only routine pusi-
ness at a meeting yesterday.
NATIONAL RADIATOR.-Comm
stock of National Radiator Co. was
placed on an annual dividend basis of
So a share, with an initial quarterly
dividend of IS cents share, payable
December 15 to holders of record De-
cember /. An initial quarterly divi-
dend of $1.75 a share also was author
lied on the preferred stock, payable
November / to stock of record Oc-
tober 21.
UNION PACIFIC.-The Union Pa
cific has distributed orders for 10000
tons of rails among Illinois Steel, In
land Steel and Colorado Fuel and
Iron Co.
GILLETTE RAzoR.-Gillette Safe
ty Razor declared a special extra div
idend of SO cents, in addition to the
usual extra of 1914 cents and the reg
ular quarterly of 81, all payable De-
cember to stock of record November
/. Net profit for the nine months this
year was 0,030 ,431, equal to $5.01 a
share, against $9,301 1853, or $4.65 a
share in the corresponding 1926 period.
NORFOLK SOUTHERN Southern
Railroad this year will equal those
of 1926. says Ernest Williams, chair
man. North Carolina will have the
greatest tobacco crop in it's history,
estimated at 400, ,000, 900 pounds, while
the cotton crop will not be as good as
in 1926. The board had not discussed
the question of restoring dividends. he
said, which were discontinued in 1914.
INTERNATIONAL ACCEPTANCE.
How long is your. prosperity CO.
ing to last?' is the question most fire.
Quently put to an American abroad,
and in this question lies an equal fear
that it might continue too long, as well
as that it might come to a sudden end,
because at present Europe's own sta.
bility and progress is linked up with
ours. Paul M. Warburg, chairman of
the international Acceptance Bank as
serted on his return from Europe.
The bankers reported marked progress
in Europe's recovery.
SOUTHERN RAILWAY. - Stock
holders of the Southern Railway Co.
have increased IL per cent, now total
ing II, 188 with an average holding
of ITO shares, against 14,S76 and aver
age holding of 123 shares a year ago,
indicating more general distribution.
Fairfax Harrison, president, stated at
the annual meeting, that directors
were not considering another stock
issue at present. He attributed the
decline of 1876 per cent in passenger
revenues for eight months this year
to the collapse of the Florida boom,
the cotton debacle of 1926 and the
Mississippi floods, despite which a sub
stantial profit was shown for the
periNd.
ANGLO O-CHILEAN NITRATE.-The
report of Anglo-Chilean Consolidated
| Nitrate Corporation for the first halt
| of 1927 shows net income of $119, ,759
carried to surplus account, but after
deductions for bond interest, deprecia.
| ton and depletion, there was a deficit
| of So GIL ,683. At the close Of 1925 there
was a deficit of $2,243,319.
| AMERICAN DISTRICT TELE
GRAPH.-Common stock Of American
District Telegraph Co., of New Jer.
sey was, placed on an increased an
nual dividend basis Of 81 share to.
day, formerly SO, with a quarterly dis.
| bursement of 81 a share, payable
| October 20. to holders of record, Octo'
| ber Is.
| TRACKWORK - SHIPMENTS. --
Third quarter shipments Of trackwork
| for tee rail track of go pounds per
yard and heavier, are put at S2,726
| tons by the American Iron & Steel In
stitute, against 42,168 tons In the
second quarter and 40,165 tons in the
| third quarter last year.