Evening star., 1928-02-28
Wall Street Briefs

ENGINEERS BANK. The Brother
hood of Locomotive Engineers In work.
ing out plan to coordinate banking
and investment institutions has changed
names OF the various organizations 10
conform Metropolitan Securities Cor
poration of New York will be known as
Engineers National Co. and the Broth
crhood of Locomotive Engineers Co
operative National Bank OF Cleveland
will become Engineers National Bank.
It Is believed that n closer linking OF
the brothcrhoOdS enterprises Will pro-
vide increased security distributing
power.
DOMINION STORES. -~- Dominion
Stores reports 1927 profits OF $53l,l4o
equal to 5000 per share on 82,500 no par
shares. as compared with 1926 profliS OF
| S4l2.245, equal to $4.92 per share on
| 5000 common shares then outstanding.
BYSAKI SHELLAC.---Outloo for the
coming Bysaki Shcllac crop Is good the
"On. Paint and Drug Reporter" says,
and points to the early arrival OF the
| crop in Calcutta. The crop is esti-
mated at normal
STONE &; WEBSTER STONE &:
| Webster. Inc. who claim TO have de-
signed and constructed more than 10
per cent of the total installed capacity
! of the power industry of this country,
| have opened Paris Office through
! which growing foreign business will be
| handled. James r. Case, former Gov
| ernment engineer. will be In charge.
BORNE SCRYMSER CO.--Directors
! of Borne Scrymscr Go. today declared
| an extra dividend of so cents and the
liz l,~k
! payable April Is to stockholders of rec
ord March 90.
| COAL ROAD EARNINGS --Dullncss
! in the coal industry Is reflected III rail-
! road earnings for January. Baltimore
& Ohio reports net operating income
of 81 ,907, ,l24, decrease OF 1914. .68l
/ from January. 1926. AtchiSon. Topeka
& Santa Fe shows net operating income
| OF S2.583527, against $4,537 500.
SILK STUDY URGED Study by
every silk manufacturer Of percentage
Of stocks in relation to profitable sales
| has been recommended by the cXeCu-
| tive committee of the Broad Silk Man.
ufacturerS' Division of the Silk Asso-
| citation of America as a means of pre-
venting oVcrstocking. Survey Of mar
| kct end inventory conditions in the
present season would be pertinent IN
| the light Of past experiences, accord
| ing to Paul G. Derby, chairman.
CORN PRODUCTS REFINING Net
! income Of Corn Products Refining Co
/ IN 1927 was $ll 905 289, equal to S40l
per share on 2530000 shares. as COM
pared with 1893. .88l IN 1926. or S402
per share.
NEW YORK CENTRAL-Net OPP
! Grating income Of the New York Cen
trail Railroad in January amounted to
50 go, SIS. decrease of Si38788 from
| January. 1927. Gross revenues showed
| a decrease of more than $4,000 600.
| COMMUNITY POWER &; LIGHT -
| Directors Of Community Power & Light
! Co. which through operating subsidiary
/ and controlled companies serves IA
communities in Missouri. Arkansas.
Kansas, Texas and New Mexico have
voted to call for redemption OF all out =
standing first preferred stock. 81 div.-
| dend series. and participating preferred
| So series. Necessary funds will be de-
rived in part from issuance Of $4,000
| shares Of n new first preferred stock.
SPICER MANUFACTURING Co
Spicer Manufacturing Co. reports 1927
net income of Si.li6.352. or S2a4 per
/ share on common. as compared with
| 1926 net Of 1853 900 or $4.l5 per
/ share.