Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-01-19
Wall Street Briefs
.,rraco T. EASTERN ILLINOIS.

i CHICAGO e. EASTERN llLiNOIS--
| Gross revenues of the Chicago d. East
| ern Illinois for 1927 will be Q per cet;t
! less than IN 1926. says I. {. Poweu.
/ president Surplus after cnaFges aiso
| viii be smaller, hu, the road Will snow
! some net profit. We are in stronger
| cash positIon at present and going rignt
| ahead with improvements as needed on
! February / We will open new freight
| station in Chicago costing Si5o,ooO. we
| have sent bids for 500 auto cars, which
viii be the last word in that line
ACME STEEL Co.--Acme Steel Co.
earned S773 a share In 1897, against
/ S64s in 1926. Net income rose 10
| si.si4.8i9 from $ii7s.2O4.
COTTON TEXTILE INDUSTRY
+ The bright spot In the cotton textile
Industry has been the increasing reaiiza-
ton by the mills that II is advan-
tageous "a keep their production IN line
with demand. III the opinion oil spencer
/ Turner, president OF the Association OF
/ Cotton Textile Merchants OF Ne" YORK.
! q. r KINNEY CO.--Net income OF
q n. kinney Co for 1927 was 1907 ,47o.
! equal 10 S6ia a share on the common,
+ against s57703i In 1926, or 81 50 a
share. Current assets were se.a3os%A,
+ Of which 1851 $40 was cash. current
/ liabilities were si.S6o,909.
J UNION CIGAR CO-union Cigar
! Co. organized with authorized capital
stock of So 900 900. Is Offering 10 hold
/ ers OF class "A" and common stock OF
/ Union Tobacco Co the right 10 sub
/ scribe. share for share. to the Cigar
! Co.'S stock ut SIS Rights accrue to
| holders of record January Is and expire
! February /.
UNION on .-CAIIFORNIA PETRO-
! I.EUM approximately <l,5oo,o0o VIII
+ he spent this year by Union on Co. ana
/ California Petroleum Corporation In the
development of 1885 ,4S0 acres of Pan
/ tepec concessions In Venezuela, under
| contract by which the two companies
! will bear all expenses In return for
! half interest In the properties. Drilling
| Of the first well will begin early next
/ month.
CONSOLIDATED GAS CONSOLE
dated Gas. Electric Light and Power
! Co of Baltimore has called for pay
ment on April 2, the $4,000 900 series
A. $4,000 900 series u and $4,000 900
series e cumulative preferred stocks,
the "A" at Slab share and the b
and c. stocks at $40 a share The
company will issue Si3500 600 of
! per cent preferred, Of witch 10000
600 shortly will be offered by a group
headed by Spencer TraSk Il Co
TEXAS e. PACIFIC The Texas g.
Pacific Railway had record Deeembes
freight traiiic. despite decreased move
ments OF cotton ana sugar cane nu ac-
count of lower production. The months
revenues were exceeded only In 1920,
Gross revenues for 1927 are said to have
approached $50 900 900. compared with
sdA i4D $50 In 1896 an increase of OF
per cent, Net income for ioaT Is being
estimated around 81. 400 900. or s97Ta
share on the common, against So DAT Sal
or $707 share In ioa6
COMPTON, RATIONALE DIES |
COMPILE, Paul Duran. Tor seven wears
president oT the French American |
Banking Corporation. has resigned and
again viii Join Compton Rationale |
u tscompte he Paris. with which he |
had been connected Tor years j De |
Sieyes. vice president ot the corporation |
aince 1899 has been elected president |
George H. Roosevelt Was elected u dt- |
rector. j, A. tnmtet, with Comntoire |
Rationale since 1908 was appointed vice |
president ahd w &, Thompson former |
" treasurer beoomes vice president and |
treasurer
AMERICAN MK".~ 90, LTD ~r~
Stockholders OF American Metal 90 |
Ltd. will vote March Il On u proposed |
issue ~ iu0n0 shares Of per cent |
cumulative preferred stock, 400 par,
convertible up Ia December |. 1850, |
into common stock The purpose at the |
new issue IL IN nTfer holders of the |
present preferred Ia called for retire.
change Tor new preferred before the |
present. rreferrd IL calId for retirement |,
ment and to provide additional capital !
fuT eknauAiun