Show 1 i Wal Wall Street Briefs I American Ameln Smelting Smelling and Refining company corn com cm- cm pany Is ia estimated to have earned erne around arouni 20 a share on the tho common for tor 1927 1327 Several 0 n factors may modify earnings It ItIs ItLa Iti Is La i said Mid among amon them the amount f t metal loss baa los At t plants during the year In 1028 the company earned 2838 2818 a ashare a share on the common aare n. n G. G Dun Co reports commercial commer commer- i cOal cial failures in Sn tho the United States Slates tills this week against 41 a a year ago ogo Tho The tot tota o volume ume of oC proposed tin in II the tile United Unite States 1 lur luring br- br 1 to ing log 1927 1921 Indicates comparatively little HUlo change chano has hu taken place in the tho trend o ot of large operations In tho the heavy bevy con con- cor field CeM heavy construction v vork rk readied reached for tor or the tho year ye Just jus ended compared with wit In 1926 1026 the McGraw lUll Construction Dally Daily Daly reports Considering the tIle large Bums In InvOlve Involved involved In- In Jie decline in the value value of projects proposed vOlve ed significant about abut Ielne S 8 per cent is not no regarded regard regard- Preliminary negotiations are reported In progress for a 1 merger of ot LehIgh Valhey Valley VaIley VaI- VaI Val Val- I ley hey Coal Col company with Lehigh Valley Valer Coal Cd Sales company i Richardson Boynton company New Tork has acquired the Warm Air Furnace Fur lur lr nace business formerly operated operate by the tho nate busness Heater Ieter company Details were vere not have made public but It Is understood to mae been beon a coals cah transaction About twentythree twentythree twentythree twenty- twenty three bec a acres a of ot land In Utica N. N T. T with plant acrs and equipment are ar Involved in the thed the d deal e. e NEW TORT TORK Dec 31 3 AtM Tile API-Tile TM AI-TM Th S Southern railway has ha ordered If five ty-five Mikado type locomotives from Baldwin Locomotive tY Works Tho Mobile o le ft 01 Ohio has given an order for tor or thirteen c corn com m- m tivee thes to th the American pony pany Railway Hallway Ago report Colorado Colorado Fuel and end Iron Irn company ha han an In rd order erder r Juel from froin the Denver nenver 1 Rio Grande Grando Vestern Western West Vest em ern for tor or tons tOla of ot rail rai rails Common stock holders holers et American Rolling MI 18 ot of record January Januar 10 are ar offered the right to subscribe to one otfred share at 75 t for 04 each chore lIPId heM The company will sell gell of ot twenty- twenty year year 6 5 per wi cent bonds bond TIle The pr preferred Cerer stock sock will wU called for redemption t n tn April Apri 1 l' and outstanding notes totaling moro more than before July 1 Sheet mills of ot Otis Ois Steel will wJ go 10 on full operation the first Cut of the year er and fUI producing facilities other than for tor sheets on Oil an 80 per cent basis bais The first w wrt in Octo loll has hl been designated for the t Ic next annual convention con con- n- n enton enton of ot the th American Bankers Bankers' asso elation Philadelphia previously had been cho chosen n as the tho convention city |