New Britain herald., 1928-08-01

" AVN
Wall Street Briefs
United Verde Extension Minins
Go. had l564,6io cash on hand or
July !, and L. =. government Sc.
curities with market value of S..
79o,73S.
Wick Chemical Co. earned S6.o6 a
share In the year ended June so
against $3.50 share the year be,
fore. The regular quarterly dividend
Of 81 was declared.
savage Arms corporation declared
an initial quarterly dividend of 50
cents a share on the new common
stock. payable September l to hold.
ers of record August Is. This places
the stock on an annual basis of s.
share compared with 81 annually
on the old stock which was spljt
two for one. Regular quarterly diyi.
dends of $1.75 on the first preferred
and $50 on the second preferred
also were authorized. The company
earned $1.3e a share on the com
mon In the first half of 1925
against IS cents a share in the
first half of 1927. on about half the
stock now outstanding.
Shepard Stores, Inc. operatinc
department. stores In Boston and
providence. declared an initial
dividend Of. IS cents a share on the
cumulative class "A" stock PAYABLE
today to holders of record july 90
American Railway Express Co.
reports net income of sS97.315 TO,
the first five months of 1928, against
s?20,919 In the previous cores
ponding period. Gross revenues de-
clined to $111.5o1,432 from sll4.
Sob.3S4. Total income was sl13..
397,s37 against &lf6,449.S1S wear
ago. Net income for May was slS6..
$40 against tlS3,654 in MAY, 1927.
Net profit Of $c7S,3c5 before de-
probation and interest and final
profit of $162,744 after all charges
are reported by Servel, Inc, refrie-
orators. for the first half of 1928.
The old affiliated Seryel companies
were reorganized January /, after
a preparation period of 80 days was
taken to bring the new company
into production. Sales for the half
year were $4.550,9S7 and $S,S07,145
were In the second quarter after the
new business started. Cash on hand
June 80 was $1,l52,76s; current as
sets $780, 80, and current liabili-
ties $601,S65.
Commercial Credit company and
subsidiaries increased net income
for the half year to $l609.S95 from
$6t0.c99 In the first half of 1927,
equivalent to Elsa a share on the
common. after preferred dividends
against Is cents share year ago.
Operating revenues Of subsdiar-
les were $3S.656.763, an increase Of
$2,576,443. while balance applicable
TO American Light & Traction was
S6,SsS,9 55. a gain of $l,135,SSI
after setting aside $2,O9l.o55 for de-
probation and retirements.
The Bigelow- Hartford Carpet Co.
reports net profit of $9S5,595 for the
half year. equal to 1916 a share on
the common. after preferred divi-
dends. This compares with $751;
ga, or $3.50 share on the COM
mon year ago. Cash and Liberty
bonds on June 80 amounted to ST.
565,3o1. inventories were reduced
to $5,937,9o0 from $7,1s1,355 a
year ago.
The preliminary statement of At
lantic Refining Co. for the first half
of 1928 shows net profit of $3.50
9S7. equal after preferred dividends
TO $9.9S a share on the common, in
contrast to net loss of $l.477.419 in
the first half of 1927.
Associated Gas e. Electric reports
net earnings of $1S.167.s02 after
taxes for the year ended May 81.
,gainst S14,667,S0S the year before.
Balance for dividends and surplus
was 36,1o1.S92, an increase of ST.
376,731.
Consolidated Cigar corporation in
creased its net profit for the half
year to $1,642.5o3 from $1,2So,6l4
n the first half OF 1927.
julius kayser & Co. earned sS.O7
| share on the common stock in the
iear ended June 80, after employees
preferred dividends. against 1913
/ share the year before. The pre-
erred stock as retired In April, 1927,
net income was $2.10s,661 against
t1,729.190.
BOND MARKET IS
REPORTED firm
,all Money Drops Slightly From
Yesterdays Marx