Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-18
Wall Street Briefs

UNION PACIFIC.-Carl Gray. presi-
revenues for the last half of 1928 to
equal the same period in 1927. but 1t
would be fortunate, he said. If net
operating income should come up TO
that OF year ago. Wage awards
would increase the annual pay roll by
about 81 100000 The Nebraska wheat
crop possibly would be 10000 900 bushels
below 1927. but the corn crop would
be good. He forecast bumper wheat
crop for Kansas.
HUPP MOTOR Co.-Hupp Motor
Car earned s4.IS share in the half
year. against $l.14 share In the first
half OF 1927. Net profit jumped to
S4,2S3,22l from si,l47,822.
RAND. - William F.
Merrill vice president and general man.
ager Of Remington Rand, Inc. has
been elected president. succeeding
James H. Rand. ir,, who becomes chair
man of the board. B. l.. Winchell.
chairman, was made chairman of the
executive committee
PEOPLES GAS, LIGHT & COKE
Peoples Gas. Light a. Coke earned
$i1.90 a share in the year ended June
30. against SHOT share the year be-
fore. Net income moved up to s6.094.-
4is from $s,i54,6o5.
MARCoNI TELEGRAPH.--A radio
gram received from Marconi's Wireless
Telegraph Co. Ltd. London. states that
an interim dividend Of 10 per cent for
the year ended December 81. 1927. less
tax. has been declared on the ordinary
shares OF that company. The dividend
is payable on August Is, 1928, to share
holders of record July ls, 1928,
BLAuNER'S. --~ Blauner's. Philadel-
phia clothing store, declared initisl
quarterly dividends of IS cents on the
preferred and 30 cents on the common.
both payable August Is, to holders of
record August /.
PACIFIC TELEPHONE. - Second
quarter net income Of Pacific Tele-
phone g. Telegraph was $3.S2S,44s
against $3.50. $50 a year ago, and for
the half year $1,000. 1s4 against $3.50
s42 in the tirst half of 1927.
NORTHERN PACIFIC, Directors of
the Northern Pacific Railway transac-
ted only routine business at today's
meeting A successor TO the late How
ard Elliott, chairman. Is not expected
10 be chosen for several months.
ROAM ANTELOPE coppER.-oner-
Ing OF 5000 American shares In Roam
Antelope Copper Mines, Ltd. soon will
be made to $24 a share by Charles d.
Barney A. Co and Lehman Brothers.
Each American share Ia equal TO four
ordinary English shares. The CON-
..~..,ttm t&rNtNartv q iY% mart hArx. DhnNnwim
NEW BUILDING. Contracts let for
new building and engineering work In
37 States cast of the Rocky Mountains
in the week ended July IL totaied si24,-
O64, 900. a slight drop from the week
before. r. w. Dodge Corporation re-
ports, The daily average this year of
so, 494, 400 compared with ssO,9ls, 900
for the first seven months Of 1927 The
weeks largest contract was for S.
500, 900 apartment house In New York
City,
r. r. MACY & Stockholders
of r. H. Macy a. Co. will vote August
10 ON an increase In capital stock from
ESQ, 900 shares To 2.S00.000 shares. New
stock will be issued to holders Of record
August 20 on the basis OF shares for
each one held at $40 share. The
annual dividend on the new shares Is
expected to be 81 a share. equal to $6
ON the present stock. which now pays SIS,
INGOT OUTPUT FALIS,~~Steel In
got production fell lla per cent the
last week, operations for the industry
now being nj 69ia per cent of capacity.
The United States steel Corporation At
"a per cent showed the largest decrease.
about 2 per cent under the rate of
the two preceding weeks, A moderate
increase Is expected In the near fulure.