Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-09
Wall Street Briefs

NEW YORK. July R).-The
latest list of stockholders of the chi
caso Great Western indicates nc
marked accumulation of the shares II
the wear ended March 5. The u
largest stockholders had a total OF
2O7.653 shares of preferred and com
mon stocks, or 22.4 per cent. and the
wear before the same number helC
l94,554 shares, or 81 per cent. }. >
Bache & Co. held the largest amount
Since March S, however, the greates'
activity in these shares has occurred
Air Reduction, Inc, has bought the
oxygen and acetylene business of the
U. G. I. Contracting Co. and the
United Oxygen Co. of Philadelphia
for which the u. G.. I. Contracting Co
acted as sales agent.
Net profit of National Biscuit Co
for the half year was $S,080,9S5, equa
to $3.52 a share on the common
against S7,143 $50, or S3,08 share, in
the first half of 1926.
Happiness Candy Stores declared a
dividend of one-fortieth of one share
in common stock on the common
stock, payable August Is. Previous
payments had been Is cents cash
semi-annually.
The Manufacturers Trust Co. Of
New York plans to absorb the Com
monwealth Bank and the Standard
Bank anC contemplates an increase ir
capital to 1920, 900 from $1,000 900
Stockholders will be offered the right
to subscribe at $3.50 a share for the
new issue of stock of $4,000 shares
in the ratio of one share of new fol-
each four now owned.
The Seminole area in Oklahoma
yielded 55.006,647 barrels of crude OF
in the first half of 1927, representins
IS per cent of the 439 900 900 barrels
of domestic crude oil for that period
It's present yield above 100000 bar
+ ; is II per cent Of the country!
| total.
Business on the whole is in SOUND
and fairly well stabilized condition
and unless the agricultural and build
ing situations should prove to be dis
tinctly disappointing, there see S t
be good reason for expecting the uSua
seasonal expansion of activity in tn
Autumn, said fired Fl. Swayne, vic,
president of General Motors, on his de
parture for Europe to join other Gen
eral Motors executives in study o
business conditions abroad.
Terms Of the concession acquire,
| by w. A. Hartman & Co. to operat,
Russian manganese deposits hav,
been revised. w. A. Hartman an
nounced today. Our differences will
the Soviet government have beef
cleared up. and the revised contrac
was signed in Moscow by my asso
ciate. r. H. NJ. Robinson. and the con
cession committee of the Soviet gov
eminent has ratified it," he said
This confirms predictions made b.
me that an agreement would b
reached. and l may add that tn
Soviet government has met us in
fair spirit"
Hartman Corporation sales for tn
first half of 1927 were $S,692,09;
against S9,225,77O in the same perio
last year. The II Chicago reta
stores showed an increase in net sale
Tor June and the six months.
ID. A. Schultz interests have bough
the NJ. +. Bernhardt business, whic
OWNS patents on pocket lighters an
other friction devices, and has been RI
ceiving royalties from the Dunhill CO
and other manufacturers. A ne'
company has been formed with Davi
A. Schultz. chairman, and NJ. L
Bernhardt, president.
Middleton S. Burrill has resigned a
| a director of the u. s. Rubber Co.
New Process Co. declared an init;
quarterly dividend Of ~ per cent o
the preferred stock. payable August
: to holders Of record July Is.