Salt Lake Telegram | 1926-03-18 | Page 10 | Wall Street Briefs

I Wall Street Briefs I L' L 7 NEW YORK March 18 38 AP Oros Ap-Oros 5 earnings of Cities Service company for for- fori i the tha year y ar ending February 00 8 rose roue to S 'S from fron In lIme pro pro- VilUs puDding period Net Nt earnings earning were compared corn com pared with 5 Surplus avail available val able for lor dividend and reserves 1 wa was equivalent to ii a sheres hare on pa tile the 20 58 par value Surplus for the preceding twelve months j was Public offering is s being I mado madu today of shares of the v I company's common stock at 42 42 t. t share Sale of structural steel In the last week declined sharply from the volume of the week before a. a total of approximately ap- ap proximately twenty thousand tOns ton I tt against sixty thousand tons tone The American Bridge company received or or v w dun for 1470 1478 tons from the Louisville S 41 Nashville and tons IOns from froni the Delaware Lackawanna Western 5 r Improved demand for cast Iron pipe Is reported In the leads with pending for fairly large ton ii nases Youngstown baa haa divided an anTime ordel or- or U o-U del for 1100 between United States Cast iron Pipe dd Foundry and Cast iron PIpe Orders for tens for Waterbury Coon and tons for Mass also went to United j States Cast Iron Prices are quoted firm around 41 a. a tot for six six- Inch larger Time money rates which have been quoted around 4 per cent to for several weeks have been lowered to because because be be- cause pt of II the large urge sums released as a result of or tile the recent decline In securities prices and the passing of the March IS 50 Income tax dividend end and Interest pay pay- pay i mem Sums Some bunks banks reduced their rates to a flat 6 per basis yesterday the lowest figure with the exception of j jI n I couple of or days In ill January since lust last 4 October while other Institutions not tall fall Into line until today quoting some collIe r of the maturities al am 4 per cent cant Goldman Sachs ce Co announced that the tha offering ot of shares of the tha common stock of the Lambert company S manufacturers manufacturer of has boo been v C oversubscribed and the Looks books closed