Evening star., 1927-11-22
Wall Street Briefs

WILL DEFER LOANS REPORT.
The report on brokers' loans ordi-
narily issued on Thursday by the Fed.
eral Reserve Bank, will not be made
public on Thanksgiving day, but on
Friday afternoon.
ERIE RAILROAD.-October sur
plus of the Erie Railroad system
dropped to S930.33S from S3.770.210
in October, 1926. Gross income was
s2,129.199. against S5.O07 1868 and for
the 10 months this year. S16.747, ,2S6.
against S199S1 $40 in the same period
of 1926. Surplus for 10 months was
$4.314,212, compared with S6,724,590 a
year ago.
AMERICAN BRASS. - American
Brass Co. has advanced prices one
quarter of cent a pound on nickeled
silver materials, including seamless
tubes and scrap, and copper products,
except copper wire and cable. An ad.
vance of three-quarters of a cent a
pound was made on yellow brass pipe.
YOUNGSTOWN SHEET-Youngs-
town dispatches say absorption of
trumbull steel may be the next step in
the expansion program of Youngstown
Sheet & Tube Co. Such a step, it is
said, will give Youngstown Sheet &
Tube the strip steel capacity it lacks,
especially in high-speed rolling proc
esses.
CONGRESS CIGAR. - Congress
Cigar Co. earned S6.7S a share in 10
months this year. against $4.98 a
share in the corresponding 1926
period.
CURB SEAT.-The New York Curb
Market membership of the late l.. S.
Rogers was sold for S34, 500 yesterday
to Robert f. Horton, an increase of
$500 over the previous. transaction.
INTERNATIONAL PAPER.-Inter-
national Paper Co. has bought 1000
square miles of timber lands along the
basin of the Restigouche River,
chiefly in Quebec, and part in New
Brunswick, and a new mill to have
initial capacity of 200 tons of news
print daily, will he built in New
Brunswick at Tidewater. The mill
site permits transportation of raw
materials entirely by water for nine
months Of the year.
SOUTH PORTO RICO SUGAR.
About 100000 of the total $4,000
900 South Porto Rico Sugar Co. first
collateral mortgage per cent bonds
the company for redemption.
SHELLAC MARKET. all
shelac in the Calcutta market has
heen put under contract, says the Oil,
Paint & Drug Reporter. speaking on
behalf of the largest operators in that
market, since the short crop suggested
the proba bility of sharp advances in
prices Stocks in London are down
to about 5000 packages, of which a
larger part is owned in this country.
Shipments to the United States from
Calcutta continue to dwindle. Prices
are strong in all markets.
GENERAL BRONZE CORPORA.
TION.-Negotiatio have been com
pleted for a merger of the John POla-
chek Bronze 4 Iron Co. and the
Renaissance Bronze & Iron Works.
and a new company, General Bronze
Corporation, will take over the com
bined business as of October 81. The
consolidated company, it is said, will
be the largest concern in the archi-
tectural bronze industry. with two
large plants in Long Island City.
PRESSED STEEL CAR-The quar-.
terly dividend of ~ per cent on the
preferred stock of Pressed Steel Car
Co. was declared yesterday, payable
December 81. but to holders Of record
November %, instead of to holders OF
record December /, as books close No
vember % for a special stockholders
meeting December IL, and do not re
open until December 13.
NICKEL PLATE.-October surplus
of the New York. Chicago & st. Louis
tNickel Plate) fell to $530,004, from
Sl,116,483 in October. 1926. And for II
months this year to $5,047,sS0 from
sc G65.272 in the same period of 1926
October gross revenues were Si,SS5.
7G3, against S5.063,665. .-.--.----