Evening star., 1928-06-12


ING-Stockholders of National Stamp
ing e. Enameling Co. have approved
retirement of its Z per cent preferred
stock.
OTIS STEELr-Profit OF Otis Steel for
five months this year was 81 1923
before depreciation and depletion,
against $l,l62,43 in the corresponding
1927 period.
AMERADA CORP.--Amerada Cor
poration and Columbia Carbon Co. each
IS reported to have purchased from the
Texas Corporation a One-third interest
In its holdings in the Potential Oil pool
In Lea County, N. Mex. The considera-
t1ons was not aScertained. Texas Cor
poration retains a one-third interest in
the property with a call on oil and
| gasoline. All of the 15M sections, about
1920 acres, will be operated as a unit
by the three companies, which will
eliminate the drilling of many offset
wells.
AUTOSALES CORR. .--Autosales Cor
poration explained today that declara-
ton and payment of its preferred divi-
dehd generally has been considered an
annuai affair, referring TO a reported
lnocllnlte postponement of directors
meetlng throug lack Of a quorum A
sem1-annual dividend on June /. 1927
gave the impression that a similar dis
bursement was due at this time. Divi-
dends viii be considered later in the
year.
FOX FILM-Fox Film Corporation
has expended 100000 in the last
three years on It's program of expan-
sion. the company reports II now has
resources valued at S64 900 900 against
$l6.O00000 in 1925.
ELECTROGRAPHIC CORPORA
T1ON.-Electrographic Corporation has
been organized to take over the business
ot Reilly Electrotype Co, Inc. the Ty-
pographic Service Co. Of New York and
the Wright Co. Illustrators, Inc. The
new corporation win manufacture and
distribute electrOtypes and stereotypes
and prepare catalogues and booklets
Public offering of 7 per cent preferred
stock will be made shortly.
INTERSTATE DEPARTMENT
STORES.-Sales of Interstate Depart
ment Stores for five months this year
rose to $7li6,790 from $6207,170 a year
ago.
COTTON CLOTH OUTPUT-Produc-
ton OF standard cotton cloth in May is
calculated at $40 1925. 900 yards by the
Association Of Cotton Textile Merchants
of New York. Sales were 269, ,845, 900
yards. or 772 per cent of production.
Shipments amounted 10 326.244, 900
yards, or 934 per cent of production.
Stocks on hand May 81 were AL .508, 900
yards. against 418.427.000 on May /.
Untitled orders May 81 were 305 GAS, 900
yards, against 362, ,044. 900 on May /.
EASTERN BANKERS CORPORA
TION.--Directors of the Eastern Bank
ers' Corporation declared an extra divi-
dend OF 3 per cent and the regular 3
per cent on the common stock for the
first half OF 1923. payable August / to
holders Of record June 30.
MISSOURI STATE LIFE--Missouri
State Life Insurance Co. added 17.724,-
AS in ordinary lie and group insurance
during May, an increase Of nearly So
100000 over May last year. New busi-
ness for the first five months Of 1923
was S72, 2,237 089.
SHEPARD STORES. Offering of
81 500 shares of 50 dividend "A" stock
0f the Shepard Stores Boston and
Providence, each share carrying one
third share of common stock, no par
will be offered tomorrow at S45 share
and accrued dividend, also 1000 shares
or 50 preference stock Of National Fam
ily Stores, at $3.50 share.