Salt Lake Telegram | 1926-03-19 | Page 18 | Wall Street Briefs

ls- ls Wall Wll Street t Briefs I NEW YORK TORE March 19 AP Stand Stand Standard ard s-rd Oil company of Kentucky earned 1061 a share on Its It capital stock In 1025 against a share har In 1924 1024 Net profit rose to compared with the year before A proposal to retire the preferred stock of the Jewel Tea company which amounted to shares share at the close of 1025 1925 will be voted upon by stockholders at the 1120 annual meeting April 12 street hear that should Lion for consolIdation of General Fe- Fe with Standard company of New York be the bails of exchange will wui be Do one share snare ui of Petroleum for two shares of Standard ot of New York General Stators Motors dealers sold cars and trucks In February compared with in January and In February 1025 Sales to dealers dealer by the manufacturing division totaled vehicles vehIcle against In January sod and In February a year ago Th The corporation announced that for the first time since last October It had bad arrived at a point In production where It Is lx supplying supplying sup sup- plying dealers with cars in excess of their sales to users In sufficient volume to build up a small emaIl reserve against the customary spring demand Florida Is experiencing a general slowIng slow slow- log Ing up in land sales but there has hs been slowIng up however n Industry generally gen gen- in the South In the opinIon of J R presIdent Of the Coast Line raIlroad The freight embargo I Is practically ended he said Our February passenger pas pas' business la I. ahead of that of U Isa t year but we expect to run below last year during the summer Since last year there was unusually heavy traffic on account of the real estate specula lIon tion The New York stock exchange rule that contracts la In American Can common corn com mon Inon joo par may be settled by de delivery delivery de- de livery of either certificates of par or the equivalent In certificates certifiCate ot of 25 25 par Hudson Motor Car company report net profit o of for the quarter ended February 28 20 after depreciation federal taxes and alt all charges against In the the- corresponding quarter quarter ter a year ago Wall street expects that more def nile nite- plans for uniting the Frisco asS Rock Island railroads will follow an Inspection trip which Chairman E. E N. N Brown of the Frisco Is now taking over this system After studying conditions condition In the Southwest Mr Str Brown and other officials of the She road will travel over the Frisco's eastern branches branches- to survey a proposed connecting line between the re recently re acquired Muscle Shoals Shoal hans ham 41 Alabama railroad ansi and the Frisco's present line to Birmingham In Involving in the construction of about miles mile of