Show Wall Street Briefs 1 I NEW YORK Feb 20 P P Aggregate gate returns of large corporations which have hare reported 1930 earnings to date show a level of Income equal to 66 per cent of the high total reported for lor 1929 compilation by Standard Statistics company shows For of these companies the survey says cays comparable figures figure ar arc available for forthe forthe the last four years and combining these units 1930 returns amounted to 77 per cent of 1928 levels and 88 per cent of the total for 1927 Iron ore shipments from Lake Erie docks docis to interior furnaces during the first 16 days of February totaled 88 tons a sharp decrease from the tho tons reported for the f period last year Consumption tion of Lake Superior iron ore during during dur dur- ing January totaled tons compared with tons tons- in De Dc- cember Wall Wail street was preparing today for a long week Following the custom when n a holiday falls ot on Sunday the Washington birthday holiday this year will be observed next Monday and will result in a two day holiday for the financial community At the close of business tomorrow activities will be at a standstill until Tuesday morning Umpire Steel corporation is to reconstruct re reconstruct construct its capital setup soon eoon The corporation which is authorizing of bonds will eliminate its preferred and common storks stocks and vill m ISsue lue two classes of common A and B The reorganization plan offers to common shareholders ono one share of new nev B common for each live five shares of old common and to holders of preferred one share of A common for each preferred share Slight Increase In operations at the Sharon Steel Hop company plant and anda a brighter outlook at the Carnegie Steel company mark this week In Shenango valley industrial circles Dow Jones t Co says Steel hop plant plane officials are of the opinion the first quarter will be better than the comparative period of 1930 The action of the Sinclair Refining company in posting a hat flat price of or Cl cents at a barrel for Oklahoma City crude oil did no not initiate the price cut there as Refining company previously had made purchase purchase pur pur- chase contracts on the field for 10 barrels of oil dally daily at the cent 67 figure Daniel T. T Pierce assistant to th the chairman Sinclair Consolidated Oil company said A slightly volume of engineering en en- projects reached the proPosed pro pro- Posed stage throughout the country m In the past week Construction Dally DaIl reports Declines in public work wora and unclassified Jobs reduced the ag a- a value of all types of work to 10 compared with in the preceding week and in the like week of 1930 |