Evening star., 1928-04-19
Wall Street Briefs

CONTINENTAL CAN CO.-OfiiciaiS
OF Continental Can Co. declined To dis
cuss reports Of a merger with the South
eru Can Co. The opinion prevails IN
the financial district, however. that ne
gotiations are in a preliminary stage.
GULF STATES STEEL co.-First
quarter net profit OF Gulf States Steel
rose to S33T.s49 from s237 .o95 in the
first quarter last year. This IL equiya-
lent to $242 a share on the common,
after preferred dividends, against $l.6l
year ago
PULLMAN, INC, ID A Crawford has
succeeded NJ o. West as q director OF
Pullman. Inc Other directors were re-
elected The regular quarterly dividend
OF 81 was declared.
LAMBERT CO.-The Lambert Co.
ard subsidiaries earned S2I5 share on
the common In the first quarter. net
profit amounting 10 Silsa. .292 after de-
ducting earnings applicable 70 minority
interests, On the present basis OF own
ership Of stock subsidiaries net profit for
the first quarter last year was $3.50, ,I03.
or SLIT share on the common. The
increase was $50 per cent.
GENERAL CIGAR co. - General
Cigar Co has ordered 3 additional
cigar machines for installation In It's
new plant at Binghampton. ~ Y. 10 be
opened next week One hundred ma
chimes already have been installed To-
tai capacity Of the company viii be IN
creased about 20 per cent. The COM
pany turned out 72s 900 900 cigars In
1927 Production thus far this year is
showing decrease compared with
year ago,
RICHMOND RADIATOR CO,-~Rich-
mond Radiator Co. and Standard Satii-
tary Manufacturing Co. have advanced
prices OF enamelware per cent,
SEASONS AUTO PLANS. - Iron
Trade Review says there Is such keen
competition among low-priced meteor
cars. the quality OF which has been inn
proved 20 such an extent AS 10 bring
them into competition with the medium
priced cars, that makers Of the latter
have been forced 20 make plans for the
new season earlier than usual. The be-
tween-SerieS period usually means that
car builders win take only such raw
materials as they have ON order To avoid
building too many OLD cars 10 compete
with the new ones,
CuStiMAN'S SONS. INC,~~cushman's
sons. Inc. earned $9.SS a share ON the
common In the first quarter, against
$S,lA share a year ago,
CHICAGO. MINIATURES. ST. PAUL.
Gains over year ago are indicated
In preliminary estimates of March earn
ings of the Chicago, milwaukee,, st, Paul
a. Pacific Railway. Net railway opeF-
ating income IN March, 1927, was
81, ,3li .aaa. and gross. SlS.soa, ,lOS. Earn
ings the TiTst two. weeks OF April ran
ahead OF year ago,
MOTOR PRODUCTS CORPORA
TlON,r-~W H. Helmet has been elected
a director OF Motor Products Corpora.
tioS in place OF Il. II, Seeley. Other
dlrtstors reelected
PUBLIC SERVICE ELECTRIC Il
GAS, Record breaking gas sales for
1927 are reported by Public Service
Electric A. Gas Co, subsidiary OF Public
Service Corporation, OF New Jersey,
reaching aa,aTe, 2aG.3 .361 euhte feet,
gain Of All .tHa,6a7 feet over 1928.
q. r. KINNEY co,,-~Fifst quarter
profits nt G. r. Kinney Co, were S2a.laa.
In contrast to loss at x3l,Saa IN the
first quarter of 1927 Surplus on March
! was Athushaas " gain W @aAttfaA over
a year age The regular quarterly dlvi-
dend OF 81 on the preferred vas de-
elAred
MADISON SQUARE GARDEN, ~w
Madison Square Garden Corporation
earned sl,a7 share IN the fitat quarter
against 81 80 share in the same neFlad
last year Net income VAS &A7H,64a,
against sasa.aaa,