The Cincinnati Enquirer from Cincinnati, Ohio • 15

THE ENQUIRER, CINCINNATI, WEDNESDAY, AUGUST 7, 1 'J '1 0 vlntr trading in the eharss rn' nr. 7- V' I DAM! UHim oimi.Lo Specialties Absoro Heavy front lainn G. M. Mos'er Is President of the i bank, the Directors taking the action upon his rccommer. dation.

erci iAL DisriTt.u to the csgnaEZ. T. I). I I T. I 17- 1 New York, Aukijm 6 ali'l a wrr the i nui to show ftn there bi a K.rit- eral (leWuie in ail rt-t of the Int.

i ie Jkfuutfu in i ar cliangfd Ten For One UnuVr Brighton I'lan. Losses were within narrow liiHigins. how ever, raiiKinK fiom 1-16r t'i the lat In ista, Sfrtniiinaviiiiv anl inark sterlln silvHlited tu 64. i 7-32 P. G.

OLD GOSSIP OF WALL STREET COTTONSEED OIL. rS'-UI. DISPATCH TO THS New York. August 8. Cottonseed oil clone: spot Aurut $9.505 9.70, Bp-temlwr sold 13 53, October sold November December sold $9.62, January sold $9 62.

January February $9.59.80. March sold $9.78. Total sales 5,200 brls; market easy, 8 to 8 points lower. Firms Listed Below Are the cable. Guilders auvaiice.l to a time when the ivhainti' was tlaniccr- Airplane Supply Merger Planned To Make City Leader In Output Of Accessories (jil.ilv i lom, to the l'Oltlt.

which If ahout $.4001. The decline In the ne urit oi tile st reflected tne iukii call inonev rate here, whlrh ilroipel inmi li Makes 14-Eoint Gain rEVIU. BISMTCH TO THE FXCJClaEE. per cent to 8 per cent too I ue tn tn day to iKilster up the exchange list. ONLY MEMBERS in Cincinnati of the Canadian dollar weakened to per cent cliecount in iork.

but tile trend continues upward. Central European exchanges were un changed. Trading In New Stock Said To Set A Record. TAX FREE IN OHIO INVESTMENT SECURITY In South American exrnarges urann made a slight gain and Chllo a sliKht In the Far Kastern field rates were NEW YORK STOCK EXCHANGE steady, the only change of note being an advance lii yen cables. iju' tationw Cables.

Checks Ch'iff. Sterling 11-32 .031 li! 14 rancs Helglail l.lre 1'eseta Stockholders of the Brighton Bank Trust Company have been called to meet on September 3 at 11 o'clock to vote on a recommendation of the Directors that the par value of the common Btock be reduced from $100 to $10 a share. On approval by the stockholders the new stock will be exchanged for the old on the basis of ten shares of new for one share of old. It Is proposed to pay 30c a quarter regularly on the new stock and probably two extras of 65c, which would return 82. 50 a year a share on the new stock.

The present stock has been paying $3 quarterly and In July paid an extra of JS.50 which, If It had been declared again In December, would have been $25 for the year. The present stock last year paid $22, being on a $3 quarterly basis, with two extras of $5. The last over-the-counter sale on Mrlghton Bank stock reported was ut 1755, with $790 reported bid and W2b linked. The stock is not listed. The purpose of tho splitting up of the shares Is to reduce them to more salable units, the present market Sweden Norway mean that a number of manufacturers of airplane accessories and supplies may be attracted to Cincinnati ai vicinity within the next few year.

Wholesale and manufacturing companies which supply airplanes are already interested In the negotiations and It said that several large Middle "West industries will be identified with the proposed corporation. E. A. Johnson, of Dayton. President of the Johnson Airplane Surply Company, said last night that he had been in conference with the backers of the merger for several weeks.

He said that an agreement on terms had been reached and admitted that there would be an exchange of stock as part consideration for his holdings. He declined to say what the deal for his company involved. .0391 I .1924 84 23-32. .40114 .1931 .3382 I lienmark Guilders Swiss Marks $4,83 7-33. DYER, HUDSON SCO.

Successors To C. 1. Hudson Co. Members N. V.

Stock Exchange Since 1874. 308 Mercantile Library Bldg. W. J. SMAIXEY.

Mgr. Members: New York Stock Exchange New York Cotton Exchange New Vork Coffee ami Sugar Exch. New York Curb Exchange Chicago Board of Trade New York HarrtftburgToronto Atlantic it; Newark Binglmmton Cincinnati Scranton YVillcesbarre Cleveland Syracuse Wilmington Negotiations which are expected to give a strong impetus towards making Cincinnati one of the leading centers of manufacture and sale of airplane accessories in the Union, if not in the world, are In progress and may come to a head this week, according to well-defined reports current In the financial district. The deal will include a merger of tha Metal Aircraft Corporation of Cincinnati, the Johnson Airplane Supply Company of Dayton and one of the major airplane Interests of the United States, and the capital will involve approximately $5,000,000 investment Powel Crcsley President of the Crosley Radio Corporation and heavily interested in the Metal Aircraft Corporation and the Mason-Dixon Airline and tho Fleischmann interests are understood to be leaders In the enterprise, and It is understood that the success of the negotiations will The Procter and Gamble Company i Common Stock and New When Issued The Irivin-Ballmann Co. Nos.

328, 330 and 332 Walnut St. Kar Eastern exchanges: I Hongkong dollar I .11 I .4818 Shanghai tael I I Uo Mexican .4170 1 f7 Peking dollar .4220 .4207 Yen I Rupee Manila I A conference of the Interests is to Gerrard, Amrad And Manischewitz Score Highs Fractional Trading In Rolling Mill Big. Trofit taking on a large scale was absorbed yesterday at the session of the Stock. Exchange in several of the leading specialties and In each case the Issue made an entry Into higher ground. largest example of profit taking was In Trocter Gamble new, when issued, In which there were sales of 2,726 shares, two lots of 1,000 shares each being taken at 97.

These trades were reported to be the largest individual transactions In Procter Gamble ever made on the Cincinnati Stock Exchange and lol-lowlng the sale the stock sold up to 99 for the new and 480 for the old common. The net gain of the old stock for the day was 1 points, the closing sales being made at 479 in regular lots, while the new stock Bold down to HM at the close, or a net gain of 1V4 points. Trading over the counter in both the old and new atnrW fnr the day was very heavy. Central European exchanges: Bulgaria Houiimnla IlllSS'i. lireece IHi'e'i Czechoslovakia 029rV.

Finland .0252. Ser bia 1075. Hungary Vi. Auntrla New York. August 6 Reactionary-tendency In the stock market Is believed to have been caused by an over-bought condition, rather than by any adverse change in the fundamentals under-lying the present prosperity of the country.

A disconcerting rumor to the effect that Secretary of the Treasury Mellon contemplated resigning encouraged short operations, but the fact that the rumor also mentioned Dwlght Morrow as his successor was believed to be encouraging. A change of this sort would leave nothing to be desired. Again the "Chicago situation" has become unsettled. In the spring the sharp decline in wheat prices proved an adverse factor and now the sharp decline in the "Insul utilities" has caused some traders who look with disfavor on unexpected developments of this kind of stock. More than once the collapse of an over-exploited Issue has caused heavy selling throughout the list.

During the market session considerable amount of speculation was had over the possibility of an Increase In the Bank of England rediscount rate. This long has been overhanging the market here and final disposition either way will clear up a rather Important market factor. Beech-Nut Wall Street now hears that a merger between Beech-Nut Packing and California Packing Is pending. However. In well-Informed quarters not much credence given the report.

Stock of Beech-Nut Packing Is rather closely held and the management in the past has frowned upon offers for control. Beech-Nut long has enjoyed stable earning power and Its products have been widely advertised and are well known throughout the country. Some people maintain that present management will not consent to company being taken over by any other organization. The logical move to them appears to be absorption of other units by Beech-Nut. Nothing official along this line has been forthcoming.

1'oland .1123. Houth American exchanges: Argentine gold .9579. do paper Braxll .1188, be held today in Cincinnati. when certain of the details of the merger will be Ironed out. It Is understood.

Both Mr. CroBley and Mr. H. C. Yelser.

who represents the Fleischmann interests, are out of the oity, but It is understood that will be represented in the conference. Chile .1207. Uruguay .9900, Peru 3.00. srrctit, DtsrATCit to thb emucibeu. Montreal, August 0 New York funds were at 14 per cent premium here.

Canadian dollar was slightly easier at 14 per cent discount In New York. New York Stocks, Bonds, Cotton, Grain and Provisions. Members V. Stock Et. Cincinnati Stock Ex, Detroit Stock Kx.

IS. Cotton Ex. Chicaeo Hoard of Trade N. I. Curb Exchange V.E.

Established 1888. First Nat'l Dank Bldjr, tln'tl. It Wall New Xork City. Detroit Dayton Lexinjrton DAY'S TRADING ON CINCINNATI EXCHANGE American Rolling Mill COMMON STOCK Reynolds, Brett Ernst Inc. Member Cincinnati Stock Exchange) 1127-31 Union Trust Bldg.

Telephone Main 1087. The table shows the sales, the range of the net changes, the closing bid and ask quotations for 100-share lots, and the dividend rates of stocks on the Cincinnati Exchange on Tuesday. August 6. 1929: SILVER. SriSCUt.

CABI.I TO TH ENQUISKt. London, August 6 Bar sliver; spot 24 5-16, unchanged, and forward 24 7-16d. unchanged, rscut DISrATCH TO TUS SSQClKEa. New York. August 8 Commercial bar silver S2Sc and Mexican dollars 4tc, both unchanged.

irZCIAb CiBI.1 TO TUS SNQCISEK. London, August 6 Bar gold was quoted at 81s HVid today, unchanged from Net Prlca tlange. Closing. I Sales. IS hares.

Ch'ge. according to brokerage advices. The ne.v stock opened at 97 for an over Open.l High. I Low. I Close, STOCKS.

Dlv. Bid. I Auk. night gain of 1 points. Procter Gamble sales were lead 46 46 1 50 1 00 1 50 4 00 2 00 Ahrens-Fox A Do Aluminum Ind Amer Ldy Machy Amer Products Uo pfc aAmer Rolling Mill 27 76 ers of the day here, being almost 59 46 84 23 12S 46 84 23 126 82 2 00 2 00 per cent of the total saies oi an issues traded in on the Exchange, the 13 3 50Amer Thermos "2 8214 83 total being 5,651 shares.

1 00, Amrad Corp OTIS CO. "35 "58 Atlas National Baldwin Arnold-Iairyland 0 5 Other stocks which snowea prom-taklng and bucked the trend were S. a r.prrard. which made a new high 20 OOi 1 601 6 00 1 60 Do of 80 31 79 30 80 31 79 30 1 BIHmorii Mfg 571 ioo North American Trust Shares it market ciik rriCe about bHyS Pthare ELLIS CO. Dixie Terminal Bldg.

Main 708. Buckeye Incubator of 33, closing 1 under for a net 12 12 Burger Bros Do pt RACE oTRLET NEAR FOURTH Now Is the season for Blldes. Lawn Swings. Gyms Flay WadlDr Pools. Roller Coasters, Sand Boxes.

Tents. Croquet Bets. Special OirrDoooTrjy Dispiav Established 18. Cincinnati Office: 12H East Fourth St. Telephone Main 3B24.

Members New Ylirk. Cincinnati and other Trading Stock Exchanges. Speciul Service in Cleveland Securities. Cleveland Columbus New York Toledo Detroit Akron Denver Colorado Springs 4 00 8 00 6 00 Carey Mfg- Do pt Carthage Mills pt Centra A iw'Sl HETVtf KATF amiCLM Champion Pnper Do pf Champion Fibre' pf Paciflo lighting. Ohurngold (Mnrinnatl Adv Prod Rumors still persist that Pacific Cincinnati Ball CranK pt.

Lighting will eventually wind up in the Columbia Gas system despite of gain oi 2Y4. points; iiiumore inu-facturing, with equal of Its high at 31, for a gain of 1 point; Manischewitz, with a new high at 54. for a gain of ltt points, and Amrad for a new high of S2Vi, with a net gain of 2 points. Both Amrad and Aluminum Industries were scarce, as were Cincinnati Telephone, City Ice and Fuel, Playing Card, United States Printing and Procter Gamble, old, and Rolling Mill. Trading in Rolling Mill fractions was heavy, however.

Laundry Machinery sold off in an odd lot trade and Gruen Watch was down 2V, points in an odd 1 6 8 98 108 00 Cincinnati Car Corp Do pf Cln Gas Elen pf A bClnclnnati Land CK4U1T Do pf ficial denials to the contrary. The stock of the former has been a leader In the utility group for some time 8 00 85 85 4 60 8 00 6 60 past and a considerable amount of Cln PostRl Term pt Cincinnati Stockyards Grau Company Colon Central Building. CINCINNATI. Members Clnc'nnatl Stock Exchange Investment Bond and Stock FkoM Uab) Established 1898. Members: New York Stock Exchange New York Curb Exchange Chicago Board of Trade Cincinnati Stock Exchange Roberts I Hall the accumulation which has been go 47 Cincinnati Street Railway 279! 10 ing on has been for the account of 1 47 124 67 124 12414 124 Cincinnati Telephone 1 3 4 3 2 6 20 67 ty Ice uel Pacific Coast Interests.

Coca-Cola Ohio A Columbus It 1st pf lot sale. Nash Company lost 6 points Cooper Badio-Keith-Orpbeum. 1 00 1 60 In a Bmall lot transaction at ana Richardson Company made a 5-polnt 23 A 75 23 'A cCrosley Kadlo Crystal Tissue Dan Cohen Co Radlo-Kelth-Orpheum management 1 60 gain. Bank stocks were quiet. Is reported to be disposing of Its sur 1 OOlDow Drug 407-408 Dixie Terminal Bldg.

Telephone Main 5810. 17 78 17 plus real estate holdings with a view to enlarging Its present theaters. The company Is said to have sold Stock Dividend Is Declared. The B. Manlschewita Company has 349 350 20 349 350 COUNSEL all subjects pertaining to life insurance can be had here without obligation.

declared a stock of 4 per more than 100 parcels of real estate which had been assembled by Its predecessor. In some quarters it Is 75 15 GEO. thought that expansion program will 32 214 4901 33 be carried on by acquiring' another 137 45 organization which is well estab Lead 2 00 Egry Register A Kay AY Egan 14 OOifFifth Third Union 15 OOlKlrst National 8 001 lelschmann pf 1 40gFormlra 1 54 French-Bauer (dep) 1 51 Do (undep) 2 00 Fyr Fyter 1 60 Gerrard A 2 60 Gibson Art 6 00 Globe-Wernlcke 1 20 Goldsmith (P) Rons 7 00 Goodyear 1st pf 10 00 Gray A Dudlty 6 00 Orless-Pfltiger pf 2 00 hGruen Watch 7 0 Do pf IHatfleld-Campbell 2 50 Hobart Mfjr 2 60 Inter Printing Ink 6 00 Do pf 1 75 Jullan-Kokenpre 7 00 Kahn's 1st pf 18 20 13 15 46 46 A 84 85 25 23 26 124 127 47 49 82 84 560 600 15 Vi 20 31 35 13 12 12 49 3li0 390 123 80 IK i 170 112 li 105 24 39 40 30 32 IV, 3 i 98 110 98 86 400 70 30 47 48 123 67 30 34 104 63 ii'i 23 -23 '4 26 30 2t 17 18 28 30 iO 310 350 428 14214 72 75 14 16 20 22 33 33 44 46 70 85 28 29 10154 100 (10 47 48 ii'j 56 i 60 53 97 26(4 28 100 39 41 23 45 55 110 120 17 U'i 20 .98 45 47 44 30 32 63K 64 118 08 100 20 19U 19 29 30 6 7 181 19S 34 25 112 115 101 SO 22 20 600 475 480 9fi 97 1119 111 99 113 '66 240 26 29 117 1 119 100 102 4 7 22 23 20 341 108 llshed in the film industry. In this connection the name of Paramount Is 102 16 102 EUSTIS Westheimer Company Members of the New York, Cincinnati, Baltimore and Salt Lake Stock Exchanges and the Chicago Board of Trade. 326 Walnut Street Phone M.

567. Office (Cincinnati, Baltimore, in Washington, heard and action along this line Is 2 48 114 48 .114 thought possible around the end of the year. Paramount has been doing INVESTMENTS 30 97 97 cent to be paid in quarterly installments of 1 per cent on the same dates as the regular cash dividends. The first stock dividend will be paid September 1. Money And Bonds.

Money continued tight for both time' and call loans on collateral at the city banks, the rato being 714 and 8 per cent. Offerings of outside -capital on preferential stocks were fairly liberalat 7 and 7V4 per cent, but it was reported that other cities were not offering as freely as in previous weeks. Prime commercial loans were unchanged at 6 and per cent, there being ample funds for all purposes at local banks. Bond trading -continued light with prices unchanged. Buying of municipals was slightly more emphasized in comparison with that of corporation bonds and utilities, but preferred stocks had a fair call.

39 40 39 20 Do partptg A SOlKolley-Koett Emmet a Peebles Life Underwriter 806 SCHMIDT BLDG. CINCINNATI exceptionally well and a liberal offer doubtless will have to be made. American Telephone. Many new developments and Improvements are occurlng In the communications field. American Telephone Is reported to be improving Its typewriter-telephone service to such an extent that sooner or later it will be a direct competitor with the telegraph system.

At the present time Indicated oarnings of American Telephone for 1029 are In the neighborhood of (12 a share. 99 99 14 mi w.o.e. 20 31 31 54 130 84 63 1 BENJ. D. BARTLETT COMPANY STOCKS AND BONDS UNION CENTRAL BU)S.

ANNEX (Ground Floor) 313 VINE STREET CINCINNATI. OHIO. Phone Main 4813. Members: New York Stock Exchange Cincinnati Stock Exchange 3 OUR WEEKLY BULLETIN Covers valuable suggestions on LOCAL and New York Btock. Are you on our list? Raymond Ashbrook Co.

19 29 19 29 60 6 188 26 'ioo 25 25 Procter Gamble 3 00 Kemper-Thomas 7 00 Do pf Koriel Electric A 1 40 Do pf 8 SOILazarus pf 2 OOlLeland Eler-trlc 2 OOJLlttle Miami special gtd. 1 50 mLunkenhefmer 1 80Mnnischewitz 7 00 Do pf 4 00 Mead 7 0)1 Do spl pf 2 OOlMeteor Motor 1 Cone A 2 25Moores-Coney A I Do 10 OOlNash 3 00Natlnnal Vtec Pump 1 75iNewman Mfg 7 OOlOhlo Bell Tel pf 6 OOlOhlo Shares pf Paragon Do vtc 12 00 Pearl-Market Bank 8 00 Procter Gamble Do new 1 5 00 Do pf 00 Pure Oil 6 pt 8 00 Do 8 pt Putmau Candy 1 50 nltnplrl Electrotype 1 60 Richardson 10 OOlSeconrt National 2 OOlpUnited Milk Crate A Il'plted Reproducers 4 00 8 Playing Card 6 On 8 Print Lith 6 00 Do pf United States Shoe 1 00 Waco Aircraft 2 OOlVVestern Paper Goods 12 00 Western Bank 7 00 Wurlltzer (K) 7 pf leland Electric Slakes Gains. Gain of 44.1 per cent in sales for the first seven months of 1929 over 479 478 14 49 corresponding months of 1928 Is 478 97 4n 99 96 1 96 2.726 100 100 100 100 Members Cincinnati Stock Exchange 801-5 Dixie Terminal Bld. We have prepared a special letter whi9h we will be pleased to mail upon request. 5 45 Baldwin "New." Since the proposed four for one split-up of Baldwin Locomotive stock was announced there has been no great amount of activity in the old or new shares.

Those responsible for market movements, however, have been careful not to permit the spread between the stocks to get large enough to encourage arbitrage operations. It Is well known that the old stock is closely held and one market observer estimated that there are less than 30,000 shares of the "when Issued" stock floating. There has been a revival of equipment buying In recent months and Indications now are that Baldwin In 1029 will have the most profitable year in a long time. 117 119 119 101 117 101 Jno. F.

Clark Co. 301 DIXIE TERMINAL BLDG. Members: New York Stock Exchange New York Cotton Exchange New Orleans Cotton Exchange Chicago Board of Trade New York Curb Exchange New York Coffee and Sugar Ex. New York Produce Exchange New Orleans Future Brokers Asso. New Orleans Board of Trade National Raw Silk Exchange OSCAR S.

FOX 1 CLARENCE H. FOX Managers PHONE MAIN 3825. shown in a statement submitted yesterday to the Stock Exchange by the Leland Electric Company, of Dayton. Sales up to August 1 were $739,114, as compared with $512,428 In the same period the previous year. Current assets of the company for the fiscal year ended June 3ii were $534,445, as compared with current liabilities of $310,194.

Total net worth Of the company Is $846,629. earnings after deduction of income tax for the six months' period the statement shows to be $63,861, or $3.13 a share on the 20,350 no -par shares outstanding. 22 22 28 117 a Plus 5 per cent stock dividend, No stated dividend, Plus 4 per cent stock dividend, Plus 81 extra, Plus 40c extra, fius 1 per cent uir.u. special dividend, Plus 32 participating dividend. Total sales were 5,651 shares.

WESTHEIMER COMPANY 322-324-326 Walnut Street Members of the New York Stock Exchange Amrad Corporation Common btock Crosley Radio Common Stock Gncinnati Ball Crank Participating and Convertible Preference Stock Bought Sold Quoted Detcriptive circular upon request. R. E. Field Co. Member Cincinnati Htock Exchange 1124 UNION CENTRAL BLDG.

Telephone Main 203 International Nickel. Canadian interests are reported to again be taking an active part In the market movements of International Nickel. Trade reviews tell of the Im REPORTS OF EARNINGS UNITED STATES TREASURY STATEMENT SrECUL DISPATCH TO TOT ENQ. CTREE, Washington. August 6 Revenue receipts and expenditure at the close of business August 3 follow: proved market condition for com Certain-Teed Products Corporation reports for June quarter, consolidated net loss of $81,903, after depreciation, depletion, Interest and adjustments, against pany's products.

It Is stated that foreign stocks of nickel are at a low ebb and that within a short time these consumers will again come Into Member New York Stock Exchange Cincinnati Stock Exchange flew York Curb Exchange Mercantile Library Bldg. 14 Walnut St. Main 2490 net loss of $583,675 in preceding quarter and net Income of $37,524, equal to SOc a share on $6,290,390 cumulative 7 per I iCorrespondlngi Fiscal Cor. Period RECEIPTS ORDINARY. This 11-th.

T29. CuaVoms 6,551.289 5U29.6M.M 8 Income and nroflt taxes 1 952 338.68 S.662.9S3.12 36.835,892.10 39.266.271.68 MT.cter'n.T0"!: 1.092.637.15 8.912,361.80 60,687437.00 68.913.641.05 Foreign iZT. 'l IMOMoiwi 10'0'5V 010 22 "'iii' jll'l I Railroad securit 3U' 25.720.11 JlJ-JjJn'J Trust'fund AllTi IVllitln Hals nurDlus nrouerty 3,000.84 2,055.63 427,426.64 1.S70, 618.66 Panama CanaJ 470.147.44 2.309,817.69 2.0SU.161.09 ofher mlHaneou. "Vm.826.93l 2,381,770.63 19.842.360.21 20.220.932.63 Total ord 32.329,904.24 187.188.450T9 Totaled. expenditurel.T 22.29B.3tlt.72l 22,697.222.65 266.245.810.63 249,168.734.94 the market on a large scale.

General American Tank Car. It has not been officially confirmed that the Sun Life Insurance Company of Canada recently purchased 20,000 shares nf General American Tank Car. YEAR 3 2 cent preferred stock In 192J quarter, six months" net loss was $665,478. against ne Income $40,566 or 64c on preferred In 19IJ period. Grand Union Company reports for six months to June 29.

net income of $441,098 A a Railroad Ton. Santa Te Railway Company f'ansdlnn Par. Kr. Co. Illinois (nl.

K. R. Co. I muii. Ic Nash.

K. It. Co S. Central K. R.

Co. Innvlvnl K. R. Co. Houthem I'ariflr Co.

Colon l'artric R. R. Co. There are only 659,293 shares of the stock outstanding, and In addition to Sun Life purchase a prominent Invest after all charges, but berore taxes, against $192,579 In 1928 period. June quarter net Income was $230,498, against $135,594 In DIVIDEND RECORD Jan reaching the Treasury Balance today, 8154,362.491.81.

Note Receipts, dlcbursomenta and expenditures for Department In July are included. 1928 Quarter. ment trust Is also reported to hold a large block. Earnings at the present from manufactures and sale of equip ment and from car leaslngs are un American Multlgraph reports for quarter ended June 31). net Incoms of 1261,000 after all charges, including taxes, equal to $2.32 a share on 112.600 shares of common capital stock outstanding.

This compares with $241,000 or $2.10 a share tor 1928 period. derstood to be running well ahead of R. II. GIBSON CO. INVESTMENT BROKERS Members; New York Stock Exchange Cincinnati Stock Exchange Assoc.

New York Curb Exchange 305-7 Dixie Terminal Bldg. Branch Office: SIS Provident Bank Bldg. Phone Main 1300. last year. Wayne Pump Company and subsidiaries i Ton n.l WALL STREET BRIEFS.

report ior kvcd inuumo earnings of 6636,697 before Interest and Federal Income taxes, against 8402,667 in compared with 8240,225. or 81.71, during the corresponding period of 1928. Yale Towns Manufacturing Company reports for the qusrter ended June 30 net income of 8619,209, after depreciation, charges and reserve for taxes, equal to 11.41 a share on 440,000 capital shares, against 8573.854. or 11.30 a share. In the preceding quarter and 8461,790.

or $1.13, on 400,000 shares In the 1928 quarter Six months net as J1.193,e3. or $2.71 a share, against $821,879, or $2.06 a share. In the 1928 period. Mack Truck reports for qusrter endd June 10. net Income of $2,481,641 after depreciation, taxes, equal to 63 28 a shares on 78S.S28 common shares, sgalnst 1928 period.

Stockholders of the Toungstown Sheet Tube Co. have been called to meet August IS to approve a pro and Oil Rnyal Dntrll Company (New Vork Shares) Ktandard Oil Company uf California Standard Oil Company (New Jerwey) Standard Oil Company of New Vork Texas Corporation Industrial Amer. Radiator Standard hanltnry Corp. American Tobacco to. (Cln B) dnPont (K.I.)dcNemonrs A Company Eastman Kodak Company of New Jersey Oenersl Klectric Co.

tnretwril-Rand Company National Biscuit Co. Otis Wevator Company Cnited ruit Company C. 8. Wee! Corp-ratum Westlnchons Kl. ft Mfg.

Company Wool worth F. Co. posed Increase in the capital stock to Container Corporation of America reports for six months ended June 30 last, net Income after alt charges and taxes of 8133.818. equal after preferred dividends to 12e a share on the Class A common stock and 6c a share on the Class common stock. These earnings compare with 1718.624 for the first half of equal to $1.14 a share on th Class A stock and 67c a share on the 2.000,000 shares from 1,000,000.

to pro WHEN a company has paid dividends on its common stock for an average of 32 years without interruption and has shown a continuous record of sound expansion, its future stock disbursements attain a degree of bond-safety. The 28 companies underlying North American Trust Shares meet this rigorous investment requirement some of the companies having paid regular dividends for half a century or more. Full details tenl on request. Bank of Commerce and Trust Co. Bond Department Fourth and Main Streets.

vide for a 20 per cent stock dividend. ferred dividends to $4.78 a share on 77,490 common shares, against or $2.47 on common In 1928 period. Tranramerlca Corporation reports net earnings of $49,185,172 for the six months efded June 30. 1929, equivalent to IS. 47 a share on the 8.988,631 average share, outstanding, or at the annual rate of 8l0.94 a share.

This compares with r.rt of 897,300,000 reported by the then constituent companies In year 1928. equivalent to 81112 per share on the 8,747,594 sliares outstanding as of December 31, 1928. Uraham-Palge Motors Corporation reports net income of 81.341.711 for six months to June 30. equal after preferred dividends to 67c a share on 1.726,101 com-mon shares outstanding, against 81.878,602 or 8169 a share on 1,052.926 common shares In 1928 period. KAIL MAN JOINS BARGE CO.

trXCtlL DISPATCH TO THE E.VJCIEEE. Bloomington, 111., August 6 Announcement was made here today by the Chicago and Alton of the resignation, effective September 1, of Merle W. Dancey, Executive General Traffic Agent for the company at 8t Louis. Mr. Dancey Is to become chief traffic officer of a newly organised barge line operating between Cincinnati and New Orleans.

jr The Apex Electrical Manufacturing Company, of Cleveland, has acquired Cleveland Office S08 Union Trust Building Members: New York Stock Exchange Cincinnati Stock Exchange Chicago Stock Exchange Chicago Board of Dsade N. Y. Curb Exchange the Johnson Washer Company, of Oakland, Calif. Houdallle-Hershey Corporation has $1,429,587 or 81. 9 a share in preoeainr quarter and 82.084.313 or 82.83 a share on 7.16.678 common shares In 1928 quarter.

Rlx months net was $3,911,128. equal to $5.17 a ehara on common, against 12.830.-056 or $3.84 on common In 1928 period. A. M. Castle A Co.

reports net Income for six months ended June 30. of 8429.622, equal to $3.77 a share on 120.000 shares of capital stock, as compared with net rf $326,764 or 82.71 a "hare for the corresponding period of 1928. Transamerica, reports for six months to June in. net Income of $49,185,172. equal to $5.47 on 8.888,631 shares Report does not Include earnings of Bank of America, New fork.

Bank of America, California. Bancamerlca-Blalr or Oakland Bank and their subsidiaries. Ohio Seamless, Tube Company reports for six months to June 10. net Income of acquired complete ownership of the stock after preferred requirement Brillo reports for six months a net Income of after expenses and depreciation but before Federal taxes, equal after Claaa A dividends to Sue a share on liiO.oea common shares, against 1117,230, or 64c. on common In the 1928 period.

The June quarter net Income was or 40c, on common, against 866.428, or 32c, on common la the 1926 quarter. Hayes Body Corporation reports for the second quarter ended June 30 net esrnlngs of 8400..198. equal to 81.67 a share on 255,000 shares common stock outstanding. The Unit Corporation of America reports net earnings for the six months ending June 30 after all charges of Skinner Company, of Gananoque, Ontario. At time of acquisition the Skinner Company had more thsn $400,000 In cash In its treasury.

Skin Alfred Hill Go. tOT TRACTION BLDG. Phone Mala 330. Utilities American Tel. Tel.

Co. Cons. Gas Co. of N. Y.

Western Union Tel. Co. ner Company Is largest manufacturer of bumpers for automobiles in Canada. 617, equal to Il.si a snare on itu.evs hares of $2 participating preereaca stock, 121,068, after alf charges, equal after pre 1.