Salt Lake Telegram | 1927-10-20 | Page 10 | Wall Street Briefs

I I Wal Wall Street Briefs Eries 4 I IThe The Erie railroad system tint first of or the carriers to report September r earnings shows show a decrease In both grow gross and net compared compared with September la Ut last t yeas yeah yea Gross revenues were iG and total Income against a a year ear ago Igo Surplus after f r charges chares was against f.- f. i.- i. September sal of ordinary life UCe Insurance ance In the United States State aggregated an increase e of ot abc art C over SePt September 10 1923 the lire lira Insurance saliva s research bureau reports New ew business In the first Crt nine this year was 3 per cent more mare than in the corresponding 1026 1926 period September Septem Septem- ber sales in New England were 3 per percent cent Mt ahead of oC a year yer ago totaling 45 4 M Massachusetts a led le with wills a I monthly gain of ot 0 II per cent and surpassed sur eur- passed all al oth other r at states ts pr In the countr country for the twelve months month enel ended September ept Ith an increase 0 of Ci 13 11 1 per cent fl ber bel sales lales In Canada were 1 per cent ahead of last year and and 6 G p par pr r cent ahead for the he year to date Th The leather Industry has ha stabilized It Itself it I. I s self lf materially In the tho opinion of ot George K B. Roberts vice president of ot the National Na Na- a- a City bank The reduction In the country's excessive stocks of at hides ando leather is a healthy thing and i Is I having its Is effect for the general good goodof goodof goodof of the country he said Leather Is out of or the tle morass Into which so 80 ninny many Industries were sunk Bunk by war and postwar post poM- w war r conditions und and can now be said to tc I be pretty w well vell l b beyond the reach of ar Sr conditions Ir- Ir those except arising out of ot the fact that the tanning Industry cannot control the tiso volume of ot its of hides Is supply Mathieson Alkali Works Inc earned I 4 a share 01 on the common stock In tn th the nine nino months this year against a share altars In the tile some same period of 1926 net 0 income 01 rising to from 1205 NEW YORK Oct 20 20 AP Al' Preferred i stockholders of Great Western Vestern Sugar company are reported In Denver dis patches to Wall Vall street to be contemplatIng Ing a suit to enjoin the comp company ny froni fron I paying further dividends On Jn the common I Stock ock from Crom surplus An equitable divi sion slon of the Ilon assets which company's exceed ex cx exceed ex- ex said will wi be demanded It i is 1 I The Southern new subsidiary the lie Southern Pacific Motor Transport t company h has put a fleet feet of ot motor buses buse S and trucks on the highways of 1 Oregon Regular schedules will wi be maintained main main- tamed from Crom I Portland to Salem Eugene Roseburg Ashland and other oIlier points Buses eventually will wi replace all al street t cars In Salem and I Eugene ugene It Is I planned I to to extend its Is scope to other parts part of the C system where motor bus service can a prof prof- replace trolley troley or branch line lne lip S steam service Member banks banI of ot the New ew York Ce fed Oral eral reserve bank are being advised that thata I Ia a new now treasury issue Isue is expected and is I S distributing the usual Instructions Co for Cor r applications The Tho new financing t relates relate 4 to the maturing of ot second Liberty loan lost S 4 per cent bonds bondi on November 15 13 about abou t of oC which are still si ing tog It I Is I thought the treasury financing c may lay be in the form Corm of or a dual I Issue itsue suo ii of oC f term long notes and certificates of or in In