Evening star., 1928-04-25
Wall Street Briefs

KANSAS CITY SOUTHERN. Ii f.
Loree. chairman of the Kansas City
Southern, sees favorable outlook for
Southwestern roads generally In the cur
rent year THE prosperity Of these roads
depends on the agricultural situation.
and at present this is encouraging, he
said. The wheat crop should be excel
lent since weather conditions have been
such as TO warrant good crop. and the
roads should benefit TO a large extent.
Much depends on the corn crop, but 1t
Is too early 70 forecast its future"
UNITED STATES STEEL CORPORA
TON. --Ingot production OF the United
States Steel Corporation has increased
about / i2 per cent the last week, the
present rate now being above 80 per
cent of capacity. Independents are at
about 80 per cent compared with a
fraction lower the week before. The
average for the entire industry Is placed
above s5 per cent. against 81 per cent
the preceding week and 34l2 per cent
two weeks ago.
BETHLEHEM STEEL CORPORA
TION Marked improvement IN acci-
dent prevention was effected by em-
ployes OF Bethlehem Steel Corporation
In the first quarter, the corporation, as
a whole. having raised its previous best
record by l78 per cent. The steel plants
alone bettered their safety record by
A per cent The Maryland plant
group won first prize of 81 900 With an
Improvement Of 70.3 per cent. The
Steelton plant group won second prize
OF $500 with GA per cent improve
ment. and the Bethlehem plant group
won third prize OF $3.50 by hettering
It's record by 5e8 per cent.
INTERNATIONAL BUSINESS. In
ternational Business Machines earned
sl72 a share In the first quarter
against $l63 a share year ago. Net
income was 81 l.009,16i, against so43,4Bs
Officers were reelected.
TWIN CITY RAPID TRANSIT. .---
Twin City Rapid Transit had net in
come OF S424,560 for the first quarter
equal To 81 90 n share on the common,
against S48l .042 in the first quarter
last year. or Sl95 q share.
GENERAL ELECTRIC CO. General
Electric Co. earned 81 SO share on
the common stock IN the first quarter,
against $l53 a share IN the same
period last year Profit available Tor
common dividends was Sli 1851 ,a42,
compared WIN 4I tp&bslFo 3A"e NNs''
Sales billed IN the FIRST quarter were
$7l, GAO, 700. against $72474,a74'
NORFOLK 81 WESTERN. .- surplus
for the flrst quarter OF the Norlulk ~
Western was s5, ,i05.34i, after charges,
compared with S869i ,698 for the nrst
quarter in 1927. The regular dividend
Of So a share on the common STOCK
was declared
BARAgDAIL CORPORATION Net
profit of the Rarnsdall Corporation for
The first quarter was s3e5 400, equal 10
81 cents a share OH the ,2aa613 shares
outstanding, against $500 bD9, of bJ
cents share. on the ll42,6pl shares
outstanding In the tirst quarter IN l927.
READING co Net income of the
Reading Go. IN March was sl,t2l ,9ol,
as compared with 81 ,4A3 872 III March,
1927. Net income for the ttat quar-
ter was 81 ,0Hg02b against $5,ao6,oTl
for the first quarter IN 1877
RCHtlfTE RETAIL CORPORATION,
Directors of the 9chulte Retail stores
Yesterday declared Il hto0k dlyidend VI
2 per cent, payable " per cent quarter
~ in addition to the regular cash diVi"
dend Of H7ia cents. The htst STOCK
ulNllElIG VIII nH BhAh Ahlt@ W. fsN't-~ Es
record May IL Mo oiilciai statement
accompanied the stock dividend decla~
ration, although II IN understood It was
made ak Il result Of "A substantial IN"
crease IN net earnings aud stendlly lm~
proving conditions IN tho territory
served by the company
DARBY PETROLEUM CORPORA
TlON Darby Petroleum Corpora
lion reports net income for FIRST quar-
ter, s364 .Bb2, and for year ending De-
eember g. 1927. s012 ,D4oi equivalent to
80 cents Il snafe t0r the quarter and
81 O" per share for the full year 1927
an 3a7,071 shares outstanding
TEXAS CITIES GAS CO organ
ization III the Texas Cities Gas Co.
which as a subsidiary of Union utiiitteh
ine will own and operate gas manu~
featuring and distributing hystema III
III paso, Galveston, Waco, Paris and
I9renham, Tex, was announced geslef-
day