Evening star., 1928-05-10
Wall Street Briefs

rENN-DIXIE CEMENT. -- A meet
ing of stockholders OF Penn-Dixie
Cement Corporation to act on the pro-
posed merger with North American Ce-
mert Corporation has been postponed
two weeks z-~s.s-...s .-:a
PITTSBURGH S WEST VIRGINIA.
--F. e. Taplin, chairman Of the Pitts
burgh a. West Virginia. is quoted in
Pittsburgh dispatches TO Wall Street
as saying the cor1ssny has had TO use
In the purchase Of stock to protect its
future position and earnings The divi-
de1d policy In the immediate future
Ynielat have to take second place, If
recessary. in favor OF whatever addi-
tsOdai protection may be required In
cash outlay. The company bought, q
substantial block Of Wheeling Il Lake
Erie common last year.
CHICAGO a. NORTHWESTERN
The Chicago a. Nerthwestern has or
dered 800 more gondolas from Standard
Steel Car Ca. making 675 since the
first Of the year
d 8. GYPSUM CO. Directors Of
u. 8. Gypsum Co. have approved plans
for the erection OF plants in Phtladel-
pf1ia, Chicago and Detroit under con-
Sideratton Tor several months, The
Pf1iladegtflia plant viii receive gypsum
supplies from Nova Scotia. and the
other two from Alabaster. Mich.
CONTINENTAL CAN co.-saIes and
profits Of Continental Can Co. for the
first quarter are reported ahead Of a
yezr ago without including recent prop
eYfx. ecaaasaktang. T't1e compauy,g con-
sumption Of tin-paaCe 50 far this year
is greater than a year ago. which Is
said 70 reflect larger Use CT canned
goods and improved crop prospects.
sHATTUcK DEEM MrNrNo.-The
second diamond drill hole put down
from the z,000-foot iegel OF the Deen
yTYlae Of Eiaattuck Deem Mining has con-
fifxaed results obtained by the first hoie
fran the same Level, with disclosed
20 feet Of ore. averaging about 6M pei
cent cooper. The gold and silver values
were about 50 . ton.
ERIE RAnROAD,-The Erie Ran.
Yoad VIA have q better April than a
year ago. preliminary estimates show.
ins surplus Of about $4O0. 900, aftei
charges but before sinking fund re.
qaBrements. against $so.273 Ia April lasi
year.
EEEhO DE PAEGO L1JFPkEs-~E. III
CxaYk, president of CerTo De Pabco Cop.
per Corporation, said al the annsta
meeting toe company had 2O.000O0a
b1ns of 0eidsGed silver ores averaging
alto 10 ounces Of silver ton and 4
large tonnage Of. low grade ore, which
it's hotea TO treat successfully in time
The coT1papy was producing 30 tons Oj
lead d das.
CHICAGO. EuHLTa0 0TOk &
QUINCY ~Loadingg on the Chicago
TsFiin9asu A. Quincy aFe rlnnins
sgiRntay ahead of q year ago and re.
cent rams ia Nebraska and CoIeradt
have improved tiae crop outlook mate,
daily, saYa Hale Holden, president. Con,
dfsOFsg IA Texas are somewhat quieteI
thar q year ago, due 10 depression IN
oil trafac and relaxation In general bsisi
neEs
BToCK ExCfzAhGEl- -AsabeI Green
assistant secretary ~ the New I0g1
stuck Exchange. has been elected secre
taTy. succeeding h. v. u. Con, resigned
hRTfOOM CORPORATION, -~ Ar
io0n Corporatlon has declared Tegasia
aifaFteKgy 6iyi1fndg op common &Ds
pFefegYed for tae balance N 1923. Tflfe
qsaaFtkf3y dividends of rs cents eaei
were declared op the common, payaDi
.Jgfy J.. Oct0ter and January /. Tw'
quarterly dividends of ~ per GEN
each aKs pSyabls Geptenllser and DE
eSlNk&T /