Salt Lake Telegram | 1928-01-07 | Page 10 | Wall Street Briefs

t I Wall Street Street Briefs Briefs 1 I NEW EW TORI YORK I 7 AP AP The CHIc CHIc- den company Is not Involved In any ally negotiations negotiations ne ne- ne which the Prod- Prod ducts corporation n Is reported to be carrying on for tor acquisition of tit that company com corn pony pany and ond the Beaver Daver Doa Board 1 corpora corpora- Ad Adrian I D D. D Joyce president of the Glidden company Is quoted a as saying In Jn dispatches from Cleveland to 11 the financial district This Is probably a revival of ot the old rumor he said Neither u a nor other European P tt ron fn importations of lumber u r constitute the menace some ln In the Industry have held helS them to be says saya the Eastern division of oe National Lumber Manufacturers Manufacturers' association reviewing soft w wood od lumber imports for th the first eleven months of 1027 1927 Department nt of oC commerce commer e figures give soft wood Imports for Europe for foJ fortIne forthe the tIne period as aa under feet co corn com pared with will a ag g grand nd total of 15 geet mostly from freon Canada of ot which Russia Russi Is known knon to have contributed only feet A shipment of about feet nominally accredited to the United may turn out to have been from HUM I a and less Ius than cargo parcels from other countries may have originated there the report said sald n. n G G. G Dun Co reports report G I commercial comber commer cial failures in the United States stares this week against 43 last lut week neek and a sear ear ago The Texas 8 Pacific has haa ordered 00 tank cars from General American Tank Ca Car corporation Expenditure 0 of 0 will wili be made mad by the th St. St Louis Loul Southwestern early carly this year on Im Improvements t In Texas Directors of Montgomery Ward Co have postponed their meeting from January Ja 13 IS to January Good orders orden were closed In lh Ih ha la last lut t week cek In In- station apparatus electric elec- elec trio marlen maclen equIpment and Electrical World reportS r New Inquiries received In the th markH markee for tor electrIcal equipment point to sustained activity In hi virtually all branches ft rt theIn the Industry In Sales of Metropolitan Chain Stores Store for lor 1927 1027 rose to from In 1526 Stockholders of Duque ne Light companY company com corn pany will vote March 10 on conversion I of shares sharell of participating preferred pre pre- 8 S per cent cumulative series A Astock stock 1100 par Into shares ot ot- no par common and shar shares s of old common par into share haro sot common no par making shares share of ot common outstanding The Th company has called for redemption March 15 the first preferred 7 I per cent series A stock at and accrued divi divi- Send Action also alao will be taken on a anew anew anew new Issue of ot of 5 6 per cent first preferred d. d 5