Evening star., 1928-03-02
Wall Street Briefs

| AMERICAN WOOLEN CO.-~A G
| Pierce. president of American Woolep
Co, says the period Of drastic losses
| from operations apparently has ended,
preliminary figures for 1927 indicating
| the company earned in the neighbor-
hood Of $2500.000. and about 100000
after full depreciation charges. The
company's financial position at the
close Of the year was the most salts
factory in long time. Bank loans
were down TO Sl300.000, lowest on
record, while cash gained during the
year to s8.000.000. Working capital
was $64.000,000.
! AMERICAN STEEL FOUNDPIES.-
American Steel Foundries is retiring
22,l30 shares OF preferred stock. about
one-fourth OF the outstanding stock.
AMERICAN RADIATOR CO.~Net
| profit of American Radiator Co for
1927 was Sl2.057.3l4. equal after pre-
| ferred dividends TO SOFT a share on
| the average number OF common shares
outstanding during the year Net prof.
| 1t In 1926 was $l2.476,485, or $9.65 q
share.
RAILWAY EARNINGS.~Nct railway
operating income of the first 63 rail-
roads 10 report January earnings ag-
gregated S5O960000. against S52.72T.-
600 for January. 1927. Their December
net was s50.522 900. January gross
revenues for this number of carriers
were $40I .779,000. against $429. .574 600
in January last year a drop OF 65 per
cent.
COMMERCIAL FAILURES. --~ Com
mercial failures In the United States
decreased In February 10 2.lT6 from
2.643 IN January. drop Of III per
cent II. q. Dunn & Co. reports. but
was Z per cent above the 2,035 failures
In February. 1927. and the largest for
any February since 1922. when 1881
were recorded. Liabilities. however. fell
TO S45,070.642 from $46.940.7i6 In the
earlier year. indicating smaller aver
age per failure.
REAL ESTATE MARKET A COM
pilation by the National Association OF
Real Estate Boards from official figures
OF transfers and conveyanccs recorded
IN al typical cities shows the real cs-
tate market for January was measured
by an index figure Of lT5, against 1863
In December. 1927. and ITO In January.
1927.
MAYTAG Maytag Co. earned
1894 n share in 1927. against $426 a
share in 1926 Net income declined TO
| $6l53,933 from $6.825.49l.
BUICK MOTOR CO.-~Buick Motor
Co produced 1900 cars In February
against 1902 In January and 22,l88
| in February last year. The March
schedule is about 10000 cars.
SINCLAIR PIPE LINE co. ~~~ Net
profit OF Sinclair Pipe Line Co. for 1927
| was $5.367 ,980. against $3898,22l IN
1926 Standard Oil of Indiana has a
so per cent interest In the company.
and It's share OF 1927 earnings amounts
TO So ,C83.994.
SAFE-T~STAT co. O.~-E. T.. Gillespie
4, Co have underwritten n new issue
Of $4,000 shares OF common stock OF
the Safc-T-Stat Co, organized In 1923
for the manufacture Of II patented
thermo electric temperature indicator
for combustion engines. The company
has since purchased all of the stock
of the w. q, Naecl Electric Co. of
Toledo, Ohio. which gives II control Of
30 patents and permits IL to manutac-
| ttirc complete electrically controlled
| automobile dashboard panel OF gauges
KROGER GROCERY AND BAKING
cO.~~Sales OF the kroger Grocery and
Baking Co. for The four weeks Of Feb
fiiary were $l3.579.26D. an increase of
81 TAB 1903 over the corresponding 1927
period.
INTERNATIONAL SILVER co. In
teinhtlonai Silver Co. earned $23.6i
share on the common stock IN 1927,
after preferred dividends. compared
win Si72o share In 1925 Earnings
amounted TO 81 1857 .Bo4. against 81 ,i70,~
o4I The years net sales were $lp.-
h4O .93B.
WATER UTILITIES. ~~ Ncgoiia ions
are III progress tor grouping water utlli~
lies IN Westcheatef County and south
western Connecticut involving $40, ,00O.~
900.