Evening star., 1927-10-21
Wall Street Briefs

GOODYEAR TIRE.-Goodyear Tire
4 Rubber Co. has extended it's planta-
tion holdings in the Far East to
10000 acres, with a purchase Of 29, 900
acres Of rubber growing land in Suma.
ira from Japanese syndicate.
TEXAS CoRPORATIoN.-The Tex.
as Corporation sent dividend checks
to 38.022 stockholders on October /,
!. its largest number, the list of share
; holders having expanded through the
year, despite the depression in the in
dustry in 1927. The corporate title
was changed from Texas Co. early
this year to give its activities greater
latitude.
NICKEL PLATE.-Net income of
the New York, Chicago & st. Louis
(Nickel Plate) for nine months Of
4 1927 declined to $4.517,S76, equal to
: 5000 a share on the common, from
$5,74S,7SS, or $15.12 a share, in the
same period last year. September
gross and net earnings We're less than
a year ago, surplus of $3s2.e54 con-
trasting with $650,432.
WILSON & CO.--No change in the
South American packing situation was
reported after the meeting of directors
of Wilson & Co. in Chicago today, at
WHICH OILY Ou6IUShS was lTdfiSs
acted. Difficulties in South America
were reported to have been settled and
contracts signed, but an official said
q few details still had to be worked
out.
NEW YORK CENTRAL-The steel
trade hears the New York Central
plans distribution of its rail contracts
for between 176,000 and $4,000 tons
in few days.
CALUMET & HECLA.-R. l..
Agassiz, chairman Of the Calumet &
Hecla Consolidated Copper Co., has
been reelected president of the Cop.
per & Brass Research Association.
DISCOUNT RATE.-The Federal
Reserve Bank of New York has made
no change in its 3h per cent redis.
count rate.
ENGINEERS PUBLIC SERVICE
Frank L. Babbott, president Of the
Brooklyn Institute of Arts and
Sciences and trustee OF several metro.
politan banks, has been added to the
board of directors of Engineers Public
Service Co., which has assets of $3.50,
100000 and serves electric power to
various parts of the South. Edwin s.
ster,, Inc, also was reelected to the
board, having resigned for an extend
ed trip abroad. This increases the
board TO 10 members.
CLINCHFIELD COAL.-C. Led
: yard Blair and J. L. Stewart have
, been elected directors Of Clinchfield
! Coal Corporation.
ERIE RAILROAD.-The Erie Rail
road earned $l.05 q, share on the com
. mon stock, after preferred dividends
in the nine months this year, against
80 cents a share on A smaller amount
! OF common outstanding in the same
period of 1925.
PROFIT ON EXCHANGE SEATS
One Of the largest profits on the sale
I of a membership in the New Yorl
Stock Exchange for about a quarter OF
q million dollars was disclosed today ir
the announcement that the recen
: purchase Of membership by J, Phil,
Bernhard Of New York for $270, 900 hat
! been the seat OF Arthur g. Niles, VIII,
joined the exchange in 1892, when tn,
value of membership ranged from
$4,000 to $4,000, or an average %
$19.500. Ere derrick G. Ford of Detroit
paid $265, for the seat of Clemen
$. Parsons, tho has been a membe
since 1893, when the average valu
was around $17 500. Clarence II. Rey
nolds of Louisville, KY, bought tin
membership of Albert Francke ia
$270.000. Francke joined the exchang
in 1922 when the average was $73, ,00C
MAGMA COPPER.-Net earnsing
of Magma Copper for nine month
this year leclined to $1,035.599, from
$I,547.774 in the same period Of 1925.