Show 1 I Wall Wal Street Briefs 1 I NEW YORK TOnIC May 8 AP AP Daily pro production production ducton of steel ingots in April Apri established established a new high l gh record of ot tons it it is I shown in the report of the American American Ameri Amen can Iron and and Steel institute placing the months month's output at tons against In March tarch and and in April Apri 1927 The previous dally daily daly record was tons in Starch March last year Output for four months this year was 1684 72 tons against in the tile same period of at 1927 Operations in April Apri averaged per cent of capacity against in March arch Construction contracts awarded last las week in thirty-seven thirty states east of ot the Rocky mountains totaled U an Increase of almost 25 per cent over the week before bringing the tile total this year ear to May 4 up to F F. W. W v. v Dodge corporation reports The daily daly average was against 20 20 in the first five months last las lat year The Tile weeks week's largest award was for fora fora a a In Chicago bank and office building International Nickel earned 18 a ashare share sharo on the common in the first quarten ter ten against 78 76 R c cents a a share hare in the first firs quarter of ot 1927 1027 April Apri gross revenues of the Union Union- Union Pacific Pa Pa- were close to ahead o of last year and net operating income was about the same Carl R. R Gray president reports May loadings are ahead of last las year The crop outlook he said was wasas wasas wasas as good as last year at this thi time There has been some winter killing of oC wheat In western Nebraska and western Kansa Kansas Kan Han sac sas sa but tile the tie outlook in Washington Oregon Oregon Oregon Ore Ore- gon and Idaho Idaho was promising General Genera business in I California Oregon ant anti Washington was wa good and the wheat g in the tho roads road's a t territory ry would b be beabout beabout about i large a as last t year r Negotiations are expected to to be concluded concluded concluded con con- in San Francisco Franciaco this tills week Corthe for Cor forthe the tile formation of a holding company to consolidate 75 per cent of the lumber mills mis operating at Aberdeen Hoquiam Montesano and Cosmopolis In Inthe Inthe inthe the Grays Harbor district of Washington Washing ton Cliff M. M lt Weatherwax owner of Aberdeen Lumber and Shingle company i Is taking an active part in the tile lions Invitations to Join the merger have tons been lleen sent to nineteen companies companie company has acquired Hecht lecht Co manufacturer of boys' boys wash shirts shirt Atlantic Refining company I has s contracted contracted con con- contracted for the fhe sale of Its Is stock holdIngs holdIngs holdings hold- hold Ings of Superior Oil 01 company held by Atlantic Oil 01 Producing company a 0 subsidiary subsidiary sub sub- amounting to 6 OO shares shared out of ot shares outstanding If J the theto stock stolk to k Is sold Atlantic Refining's ten- ten year contract for the tile purchase of oil 01 from Superior will wi not be disturbed Briggs Manufacturing company earned 34 cents a share In the first quarter against cent 75 I cents a a share share In the first quarter of 1 1927 27 A special lacquer finish has ba been de developed de- de by the du Pont company for use on airplanes Merger negotiations are understood to 10 tobo too bo he o in progress between Electric Auto Aulo Lite company and USI Battery company of ot Niagara Falls als T Tentative plans are said to propose splitting up Electric Auto Lite Lit stock on a two tor for one basis buls placing the new stock on n a I 4 U annual dividend before before- the exchange for or URL stock is effected There arc 2 OOOO shares I of Electric Auto Lila Lite Lie out tand log ing Tho Tile annual dividend rate Is 6 G a share April spies ot of Southern Asbestos corn om pany Apri Increased 3 34 per ller cen cent t over April Apri last yer and th the total of for lat four months of 1928 was wa 33 per cent ahead of ot a a year ago asor |