Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-19
Wall Street Briefs
NEW ENGLAND OIL REFINING

NEW ENGLAND OIL REFINING. -
A. r. Carter, president OF the New Eng
land OH Refining Co.. today clarified
confusing rumors about the status OF
the company's affairs resulting from
the gasoline contract with the Asiatic
Petroleum Co. of New York, Ltd. II
was an ordinary commercial contract
he said. the same that might be made
with any other company for the pur-
chase of gasoline requirements In ex-
cess of that produced In It's own refin-
cry. There had been no important or
extensive additions to the company S
filling stations recently.
INTERNATIONAL CEMENT. Inter
national Cement earned $3.l4 share
on the common in the half year. against
S3.04 a share q year ago, net income
rising to $2.ls6,45S from, s2,04S.S46.
CORN EXCHANGE BANK. George
Doubleday, president of Ingersoll- Rand
81 Co., has been elected director of
the Corn Exchange Bank.
SHEET STEEL SALES. Sales of sheet
steel In June were $4,000 net tons, pro-
duction 3i1,629 tons and shipments
500, TAI tons. Untitled orders June /
were sac. 1893 tons, with approximate An
ished stock OF 100000 tons on hand
awaiting shipment. the National AsSo-
citation OF Flat Rolled Steel Manufac-
turers reports Approximate in stock.
unsold. was s0,702 tons.
MADISON SQUARE GARDEN. -.
Madison Square Garden Corporation
earned Si37 a share In the first half
of 1928 against sl.40 In the same period
last year.
COAL OUTPUT. Output of bitumi-
nous coal IN the week ended July
Ia Is placed at $3.50. 900 net tons by the
National Coal Association, against s.
837 900 the week before.
= G.. r. KINNEY.--G. n. Kinney Co.
earned $1.35 share on the common IN
the half year against $l.23 share a
wear ago The company added f6 stores
to It's chain In the six months, total Of
81. Sales gained per cent.
PARAMOUNT FAMous-LAsKY.--
Domestic Aim rentals OF Paramount
Famous-Lasky Corporation in the Sec
ond quarter were 20 per cent higher
than year ago.
PENNSYLVANIA DIXIE CEMENT, ~.
Pennsylvania Dixie Cement earned $3.a4
a share on the Z per cent preferred only
In the first half of 1923, In contrast TO
SLIT a share on the common, after pre-
ferred dividends. In the first half of
1927. Selling prices In the territory
served by the corporations Southern
plants were lower substantially this year
due to competition of foreign cement
which enters this country duty free.
ZINC World stocks of zinc
ON July are estimated at $4,000 metric
tons by the foreign correspondent OF the
American Zinc Institute. with 40.S00
tons in the United States. $500 IN Bel
GUM, 4,500 In Canada, 1000 In Austria
LA, $500 In Germany Poland, and 800
In Great Britain. Stocks are slowly di-
minishing, thus evidencing the fact that
the present time world consumption Is
lust slightly ahead of output. The
sheet zinc trade on the continent has
registered Improvement and the British
galvanized trade Is doing heavier ex-
port business.
COMMONWEALTH POWER. Com
monwealth Power Corporation had gross
earnings of SIS. 650.47 for the year
ended June 30. against SOL ,4SS,SAe the
year before, Earnings, after deprecia-
ton charges, were equal to $40 N ON the
preferred and SSO2 ON the common.
against si6i7 ON the preferred and
sS,aS share on the common The pre-
ceding year.