Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-02-10
Wall Street Briefs

! CANADIAN OELECT RIG
CORPORATION offer for all
stock of the Ottawa River Power Co.
and the Ottawa g. Hull Power Co.
made by the Canadian Hydroelectric
Corporation. Ltd. fully owned subsidi-
AIRY Of International Paper Co. has
been accepted by a majority OF their
stockholders. Directors have recon-
mended unanimous acceptance. Ac-
QUESTION OF the properties will give the
International Paper Co. all important
developed hydroelectric properties in
the lower Ottawa Valley.
INTERNATIONAL CEMENT. Inter
national Cement Corporation earned
| So 80 a share on the common stock in
| 1927. against $3.50 a share in 1926.
Net income rose TO $4.554,7i2 from
| 1886, 1893.
| EATON AXLE a. SpRING.-Eaton
Axle IL Spring Co. Is reported from
Cleveland TO be planning to purchase
and retire all outstanding preferred
stock Of the Eaton Spring Corporation.
wholly owned subsidiary. leaving 1t
with only common stock, all OF which
the parent company owns.
AMERICAN CAN CO.-Two large
transactions In American Can on the
Stock Exchange today aggregated ST.
$50 900 A block Of 10000 shares was
bought at $50 share and another
block OF 10000 changed hands at $82
a share Another large transaction was
l. 900 shares OF Chrysler at SCI a share.
or $67l 900.
CLUETT. PEABODY IL CO.-stock-
holders Of Ciuett. Peabody a. Co. will
consider a plan at the annual meeting.
February %. providing that when con-
solidated net earnings exceed $3.50 a
share on the common, executives who
are directors and certain other execu-
tive employees shall receive 20 per cent
OF the excess
| DU POINT RAYON CO.~~Du Pont
Rayon Co. has acquired manufacturing
| and sales rights IN the United States
for acetate rayon, known In France
and In Europe as "rhodiaseta."
STRUCTURAL STEEL. Orders for
fabricated structural steel the last week
are estimated at $4,000 tons New in
| quirics were between $4,000 and 55. 200
tons.
| EXCHANGE SEAT. The New York
Stock Exchange membership Of the late
| Frederic w. Anness was bought foi
$500. 900 by Calvert J. Calm OF New
YORK. unchanged from the previous
transaction.
| KRO0ER GROCERY IL BAKING
january sales Of Kroger Grocery
a. Baking Co. were $I2.Gl9 1886. against
$II.7lg3l7 In January. 1927. IA gain OF
TT per cent
| EUREKA VACUUM CLEANER co
Net pront III Eureka Vacuum Cleaner
| Co for 1927 was 81 ,B0d 1903, equal To
| $685. share. against 81 1919. 3D8 or 81 81
4 share, In 1925. Stock dividend OF 10
per cent WAS paid IN 1927 The year 5
sales were $i2.7B0.l 1871. against $i2.023.-
4B4 In 1925.
| NATIONAL CITY BANK A normal
equilibrium must be maintained be-
tween income and outgo. II the bank
Ing business Is TO bs kept ON honnd
basis. says Charles n. Mitchell, prea."
dent National City Bank. dihCusaius
factors lllatlfYing lower interest rates
| on bank drpOaith, IN the American
Bankers Association Journal, Optr-
aing expenses of the banking business.
| IN which salaries and taxes are tn,
| leading items. have not been declining
and are not likely tn do 80. lie hsshrth
While IL IL unpleasant To think 81 dia-
| itirblng relations with depOhlofh. Il Ii
even more 81 To think of reducing Tia.
pay ui the bank staff, aud other en-
| peiiaes are largely beyond control
UNlOE OH. or CALIFORNIA
Onion OH of California earned a1bh -
share IN 1877 against vi - II share N
1920 Net prnnt declined 10 siO 0AB.~
4Dj irum III 1871 Gih