Evening star., 1927-12-08
Wall Street Briefs

CURB SEAT, $67 ,000-Value OF |
membership on the New York Curb |
Market scared to a new high record |
Of s67 900 yesterday, an increase of
81 900 over the previous peak. the
seat of BENJAMIN F. Stein having
been bought at the new figure by
Harold S. Rothschild.
PENN SYLyANIA RAILROAD
Pittsburgh dispatches to Wall Street
say millions of dollars will be spent
by the Pennsylvania Railroad In
Altoona in the next few months to
construct the largest railroad yard
in the world. on which work has
begun. improvements involve the
purchase of property in the center
of the city from East Altoona to
Pinecroft. An eastbound advance
freight yard will be extended, and a
relay yard built.
ROCK IsLAND-Directors of the
Chicago, Rock Island & Pacific
transacted only routine business at
their meeting yesterday.
AMERICAN WATER WORKS
Net income of American Water
Works & Electric Co. for the year
ended October 81, was $5.135 ,106,
equal to 1902 a share on the common
after accrued first preferred divi
dends, against $4,095,014 or $2.40 a
share in the preceding IL months. Net
power output of it's electric subsidi
aries for October was 3h per cent
more than October, 1925. ~
NATIONAL FABRIC & FINISH
ING-National Fabric & Finishing
Co. reports net operating profit of
S359,021 for the year ended Septem-
ber 30. in contrast to net operating
loss of $259,361 the year before. Net
profit for the year was $120.910; bank
loans were reduced $5o0,000.
BLAST FURNACES-Forty- seven
per cent of the country's blast fur
naces were in operation on December
/, representing 40 of the 362 avail
able stacks. A month ago, AIS per
cent or liz furnaces were melting
and a. year ago the rate of activity
was $50 per cent. The present level
In the lowest since October. 1924.
COMMERCIAL EXCHANGE BANK
Officers and employees of the Com
mercial Exchange Bank of New York
have been given a Christmas bonus
of 10 per cent of their annual salaries.
WARNER BROTHERS-Warne
Brothers Pictures. including subsidi-
aries, had net profit of $30,425 for the
year ended August u. equal to Is
cents a share on the class "A" stock.
Profit and loss deficit was $1.234,41
NEW BUILDING PERMITS
Bradstreet's compilation of new
building permits in November in 1876
cities. for house. Office and store
r$v ic %C1- the
s22S.396,130 in October, and $252,372,-
I'll in November last year. The total
for il months this year was 1901.
sT4,991, decrease of IL per cent COM
pared with year ago.
REPUBLIC RUBBER CO.. IT.
Connors has been elected president
Youngstown. Ohio, to succeed John
J. Watson. who will continue as chair
man of the board. Mr.. Conners be-
came an official of the company six
wears ago, and under his management
the company recently has broadened
it's manufacturing operations to in
ciude many automotiye specialties in
addition to standard line of tires
and mechanical rubber goods.
TUBIZE ARTIFICIAL SILK-E.
" Peters, vice president of TubiZe
Artificial silk Co.. announced the
company was opening its books for
FEBRUARY, March and April business
on all yarns. both coarse and fine
sizes. at present published prices. He
relieved the booking of business for
these three months would tend to
stabilize conditions in the rayon in
dustry, since it permitted mannfac'
turers to go ahead with their plans
Cor Spring.