Show V O 0 I. I I Wall Wal Street Briefs So J I Wall Wal street Is filled tied with wih rumors rumor concerning concerning con oon- the tho Pan American Pan Petroleum and Transport company company of of which Edward Ed ward ard L. L 1 Doheny Is ii the head Reports Report that Mr Doheny was to retire and that control of the compan company was wa to pass pas to the Standard Oil 01 Company of California I were denied by Mr rr Doheny The latest latet report Is that Royal Dutch interests are seeking to obtain a a large Interest In Pan-American Pan Cosden Petroleum Petro Petro- leum and Sinclair Recent activity of the Pan Pan American AmerIcan stocks and the presence presence pres pt-es- ence core In Los Ls Angeles of ot Ellsha Elisha Elsha Walker a director of ot the company and a partner partner part part- ner ncr in the fIt firm fr of ot Blair Co Its Il bankers are widely construed as Indicating Indi cating that Important developments are pending but to date Wall Wal street has been kept In the dark concerning hem A committee of ot bankers headed headed by Harold Haroll Stanley president of ot the Guaranty Guaranty Guaranty Guar Guar- anty anty Company of New ew York has hal called caled upon holders holder of ot Wilson lson Co ten year convertible l sinking fund 6 per cent and 7 per cent gold bonds to deposit their bonds with the Guaranty Trust company and the Chase National bank under undera a deposit agreement now In course coure of preparation It is II important that that thIsbe this thisbe thisbe be donG done the announcement said Bald in order that the committee may represent the bondholders effectively In negotiations other and with ers era a a view to readjusting the company's company's com corn pany's financial structure American er a Canning company o e earned 1848 1540 t a share on the common tf on stock In the year ended June 30 After providIng providing providing pro pro- viding for preferred dividends net In Income Income income In- In come was 1651 In the previous year common 25 1515 38 a a share was wal earned no the Group movements have been the tile thein interestIng in in- features of recent stock dock market market market mar mar- ket sessions Speculative Interest has shifted from one group to another and ald frequently some ome groups would be advancIng advancing advancing ad ad- while others were reacting but rarely l have have there been ben opposing movements movements move move- ments menta on Important stocks within the same group A notable exception however however however how how- ever are the Pan American Issues which have have displayed strength while other oils ois were vere heavy but this Is probably probably pt-nb- pt ably due to rumors of Important developments developments de dc de- de affecting the Doheny inter Inter- ests esta est Copper and have been the first to discount th the expected benefit from the adoption of the Dawes plan Mall Mali Mal order and farm Implement stocks tocks have havo advanced In reflection of higher grain prices price which mean Increased purchasing pur our chasing chaIng power for Cor the farmer fanner faner Textiles Textile leathers and rubbers rubber have responded to higher commodity prices es Public utility util util- ity Iy stocks stock have been strong on reports ul- ul of ot increased earnings and superpower development plans plans I |