Salt Lake Telegram | 1927-12-30 | Page 8 | Wall Street Briefs

r Wall Street Briefs 1 NEW YORK Dec 50 0 0 AP AP At Imports of ot capper into the United States State In Nobi November November No No- vember bi were I metric tons o against In October be and d 2280 2200 I In September pre the American Bureau Dureau of ot Metal Statistics reports November exports from front the United States were metric tons against the month before and and in September pt Lumber production fell feB off of heavily last lut week due duo to the tIme usual holiday hOllay re- re and suspension of oC operations for semiannual repairs the National Lumber Manufacturers Manufacturers' association re s-c- s rf- rf ports Shipments held hold up relatively well nell wel but orders order fell fel off noticeably Reports came from 10 fewer mills mis than Ulan the thee week before making comparisons un sin un- certain Increases In po production and new business were shown by softwood mills mis Unfilled orders of southern pine and west west coast Cast mills mIa were 20 feet against for U mills mis the week before Imports ef cC lead In November wire wert nine fifty short alcott tons tona against In October against i 11 and tons exports experts Sorl In O October were r. r Exports tons or I of oC zinc totaled 2015 01 tons tona In November against D 10 the month before Officials of the Borden company estimate esti I mate earnings fo for 1927 12 at dt would I Ibo against in 1926 This bo be equal t t. t 0 1024 a a share on II shares outstanding December 31 against 1086 1016 a a share on shares outstanding outstanding out out- standing at the tIme close cloeo of oC 1926 1911 Two fundamental factors promise to tomake tomake tomake make make 1928 a n year of oC substantial res s-es sin the cotton coton industry In tho Ohio opinIon opinion opinion ion of oC Spencer Turner president of the tIeC Association of ot Col Cotton I Te tilO Te-tilO Merchants of oC New York jo iu moro generally realized now than ever before he he rays that theat thee the mills mis largely have it In their thel own power to determine whether their operations will ill 11 be bo profitable and second second sec sec- ond there is evident on tho part of or the individual on mills mils a a determination to produce produce produce pro pro- duce for consumption and to adjust their output to indicated deman demand Holders of United States Steel common com corn neon mon decreased In tho last quarter of oJ 1927 11 there being when the lice books were closed for the December cash casle dividend cn against In Septem SePtem- ber her There were also fewer preferred preferred preferred pre pre- stockholders for tho December dividend a total of oC 1011 Pittsburg dispatches say makers of oC wire rods will wil receive one ono dollar dolar a ton more In the thee first quarter than at pres pros ent Producers who wo shipped at 40 0 or 41 4 a ton will wI not take contracts for first rt quarter delivery delvery at less than 42 41 2 a 0 ton Dal Baldwin Works sl shIpped 65 locomotives In 1927 of oC which were exported This compares with 84 84 in 1926 Steam locomotives shipped this year yar were against 6 las last year 1 electric locomotives against and and 4 gasoline locomotives against t 2 In 1926 1026 I