Evening star., 1928-04-20
Wall Street Briefs

ERIE RATLROAD.-The Erie Rail-
road has q promising outlook for 1928,
John J. Bernet. president. said on his
departure for Europe. and should show
decidedly better results than IN 1927.
The benefit Of large expenditures for
replacement Of old equipment in 1927
would be felt in operating results this
year. he said. Operating costs have
been reduced Although hrgt-quarter
gross revenues would show q decline.
net income would be higher than the
first quarter last year.
STRUCTURAL STEEL CON-
TRACTS. .-Structura steel contracts
the last week increased 10 IS, 500 tons
from 90 900 the week before. New in
c1tries were in the market for 4I,00o
tens
ELECTRIC BOND & SHARE
Stockholders Of Electric Bond e. Share
Securities Corporation OF record April
80 are offered the privilege Of subScTib-
ing az $50 q share 70 one share OF COM
mon for each three shares held, calling
for issuance of 600 95T shares Rights
expire May 81. The issue has been
unoerwritten.
CRANKY CONSOLIDATED MN
TSG.-Granby Consolidated Mining.
Smelling & Power Co. reports profit Of
sse, ,205 for 1927. against 1909 .249 IN
1926. There was deficit Of s527,T73
the year before.
WARNER BROS. PICTURES. Net
rroft Of Warner Bros. Pictures for six
months ended February 25 was s6il .IS4,
equal 70 S305 q share on the class "A
stock, IN contrast 70 net loss Of SOB 057
10 the previous corresponding period.
NATIONAL LEAD co-First-quarter
business of the National Lead Co. has
been somewhat behind last year, Z. J.
Cornish. president. told stockholders 1t
the annual meeting. He explained, how
ever, that consumption Of white lead
was mostly In the Spring months, and
the system Of selling over the rest of
!flae year gave no real indication. j. A.
lCaseit0n Was elected q director, sue
eeeding John Il Wettstein, resigned.
F.A. PIERCE g. CO.-E. 4. Pierce &,
Co corrected Il report that holdings Oi
that firm were included in an option
or . substantial amount d stock oi
PantepeC on CO. ~ Venezuela. obtained
b. r J. Ltsman q Co. The stock held
by Pierce 81 CO. Is not included.
AMERICAN cHIcLE CO.-~American
Cblcle co. earned Sill a share on the
common IN the first quarter, after pre-
feFYed dividends, against 81 ~ share
IN the GEst quarter Last year.
NORTH AMERICAN cO.--Purchase
Of tas Quincy Electric Light 1x Power
&C, by ire Great Western Power Co. oi
California viii give electric consumers
~ Quincy 20 pr cent reduction IN
rates, tie North American Co, parent
cGsnpany. announced today Approval
Of the purchase has been asked NJ the
California Railroad Commission
GOLD EXPORTS. Gold exports ~
TIE Beel enaec hDyll 10 Aggregated
Sz90I1 gg0 II which tz3 s5i 900 wsf
"eaf ~nlsgkec gold f9r Ffance Tlaly
tsgg 50 900 G0g Bfazil 81 $40 900 apG
venezaela $@59 ,9g0 CD.d imports Beie
$40 300.
gEAECERD AIR LrgE. Following
upon the nohthIy meeting u tne hoard
vi directors ~ tDe EeaD5ard Air ijns
Railway = statement was made that
oniy the usual and customary affair!
we're discussed
MOTOR PRODUCTS CORPORA
TfOk W v Ifeinei wGG today electet
~ the hoard u directors ~ the M0to
Products COFp0gatipu, replacing H. X
geeley. VINO oeciined reelection. Tni
t,oaF6 voted H. oa1 for redemption u
hsav lszE al outstanding pr cen
sinking fled l9~geaF gold GeBentufe
asle h0semDef b 1864. al q price ~ pa
n4o actJued dlY2dfgas