Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-04
Wall Street Briefs

ATLANTIC REFINING COMPANY.
Stockholders of Atlantic Refining
Co. will act at meeting on October
Is, on a recommendation of directors
that common capital stock be raised
To $i00.000.000 from $50.000000. The
par value will be changed from Sl00 to
SOS a share. The increased stock is to
be issued from time to time at the dis
erection of the board.
DEMAND FOR TINPLATE. De-
mand for tinplate and other rolled steel
is being sustained in the Youngstown
area and prices are stiffening. Fourth
quarter shipments of steel sheets are
expected to carry an average price of
81 to So above the current market.
Tinplate mills are at capacity with an
uninterrupted flow of new business.
Steel ingot output this week is at 80
per cent.
ART METAL CONSTRUCTION CO.
Art Metal Construction Co., jamestown,
N. Y, earned $l.02 share In the half
year against SLIP a share in the first
half of 1927. Net profit declined to
S326,5o7 after expenses and taxes from
$360,16
COTTON EXCHANGE CLOSING
Members of the Cotton Exchange are
circulating petition for a vote on
closing the exchange on Saturday, Sep
TENDER /, for three-day recess over
Labor day. The membership of r. E.
Craig has been sold for. $4,000, I'M
changed from the previous sale, to S. j.
S. Schlenker for another.
BLAST FURNACES AcTIvE.-A to-
tai of 1876 blast furnaces in the United
States were active on July 81. repre-
senttng $50 per cent of 343 stacks
available for iron making.
VOGELSANG HEADS EXCHANGE.
Erwin Vogelsang was elected presi-
dent OF the new National Metal Ex-
change today at the organization meet
ing OF directors. Irving j. Louis was
chosen first vice president; Kenneth
s. Guiterman, second vice president,
and Charles s. Trench treasurer.
Bernard N. Jackson was made tenn
porary secretary Temporary bylaws
were adopted.
RAW SILK IN STORAGE.-Stocks
OF raw silk In storage on August / were
1886 bales against 4i,I27 on July 1
the SILK Association of America reports.
Imports in July were $3.50 bales. The
total amount available in July was TO-
1877 bales and approximate deliveries to
American mills during the month. in
Guiding re-exports. were 40,93l bales
MARMoN MOTOR Co--Marmon
Motor Car Co. has prospects of dou-
bling its business In Europe in the next
IL months, England particularly offer
ing an excellent market" said H. L.
Purdy, vice president and general man.
ager, on his return from abroad He
believed the heavy tax on motor cars
In England would be lowered In q few
years and as Russia could produce gaso-
line as cheaply as In the United States,
two factors hindering the development
of the European motor market would
be eliminated
GROCER GROCERY Co.~~Acouisi-
ton Of another chain of grocery stores
which would be the third this year is
expected to be announced soon by
GROCER Grocery and Baking Co. So
Tar this year 269 units have been
added TO the chain Negotiations are
being carried on 1t is said. with several
established chains.
YOUNGSTOWN SHEET az TUBE.
youngstown Sheet a. Tube has a con-
tract for about $4,000 tons OF pipe for
q 165-mile natural gas line from the
Amarillo Field. Tex, to Enid, Okla, for
the Consolidated Gas Utilities Co.
GENERAL AMERICAN TANK CAR
Co.~-Profit OF General American Tank
Car Co. for the half year was $i,712,610
after charges, but before Federal taxes.
against $l,5i2,7i0 in the first half of
1927