Evening star., 1928-03-13
Wall Street Briefs

STEEL PRODUCTION.-Stee pro-
duction in the Mahoning Valley Is show
| ing its best activity IN the last IL
months moving toward 30 per cent OF
capacity. Forty-seven OF 50 indepenu-
ent open hearths are melting. while ia
of l27 sheet mills are scheduled. Bes-
ssmer steel output is at IS per cent.
| Plate and merchant steel bar produc-
! tion is heavier.
PATINO MINES.-Patino Mines g.
| Enterprises Consolidated, Inc. reports
net profit of S4.80O,07l for 1927, against
| 4.a86. .oS5 in 1925. Profit from its mines.
| before charging depreciation, was So
| 9T4,685 Bolivian income tax was So62,-
$50. Sales OF tin were s9.227.372
BEACON OIL Co.-Beacon Oil carr
ed 18 cents a share on the common IN
1877. after preferrei dividends, against
sl.46 a share in 1926 Balance avail
able for the common stock was Sl64.-
o3l, against Sl,030,162 the year before
AMERICAN TEL. g. TEL.-January
operating income OF American Tele-
pnone d Telegraph Co. declined TO
s3.l3o66l from $3.49l.477 in Januaty
last year. Gross revenues were S7,1SA.-
0S8. against S7,973,04l.
WESTERN UNION TELEGRAPH,
The Western Union Telegraph Co. had
operating income OF $750.358 for Jaa-
aary, against S863.075 in January. 1927
and gross revenues OF $lO,26O.9AS,
against si0,4:3,so3.
wARNER-CuINLAN CO.-Stock-
holders OF -Quinlan Co. with
vote March % on proposed increase
i'm authorized preferred 10 $4,000 shares
500 par, from $4,000 shares. The ad-
ditionai preferred will be offered 10
common stockholders at par. one share
for every - OF common held. and
30 .O63 shares Of common at $50 a
share. one share for every six held.
ONEIDA COUNTY CREAMERIES
Brown Bros e. Co. have acquired
Oneida County Creameries, operating
100 stores in northern New York, for
about Sl.000.000 Its annual gross
business is $4,000. oL0. Ownership ui-
timately will be consolidated with that
of Jones Bros. Tea Co. the preferred
stock OF which recently was acquired
by q syndicate organized by Brown
Bros IL Co. Capital readjustment OF
Jones Tea Is being worked out.
LEHIGH VALLEY RAILROAD
February gross revenues and net oyer
ating income Of the Lehigh Valley
Railroad were below February last year.
due not only TO decline in trafflc, but
10 a continued program OF improve
ments which have included many
charges 10 operating expenses. K. T..
Loomix president, reports The road
win not be burdened with these charges
in March and the showing lis expected
10 be better Anthracite trafilc has
fallen below last year as we'll as bi-
luminous. Automobile shipments ere
large and good traffic In building ma
teriai is looked for.
cURTISS AEROPLANE.--A revised
income account and balance SHEET Is
shown In the pamphlet report Of Cur
tiss Aeropiane a. Motor Co. Inc. for
1927. Net profit was $794.i48, equal
to 1888 share on the preferred and
$3.50 share on the common. This
compares with Stl3,3i6 in 1925. or
5797 on the preferred and 81 cents
a share on the common,
SAN ANTONIO PUBLIC SERVICE.
To pay In part for the acquisition Of
the Comal Power CO. and Of the South
Texas Public Service Co. the San An
tonic Public Service Co has sold an
issue OF 1900 900 30-year per cent
first mortgage and Tefunding gold
bonds. Public offering Will be made
later .his week.