Salt Lake Telegram | 1928-09-23 | Page 22 | Wall Street Briefs

Street Briefs NEW Sept 22 AP- AP Contracts for tons rails placed with steel mills week by Various and estimated esti- esti mated requIrements f others cate that general buying for 1923 delivery will exceed 1929 purchases by tons rho two largest buyers the Pennsylvania and NOW York Central have not announced their requirements but the Central is expected to want tons and the Pennsylvania a larger amount Cleveland dispatches say the Ohio Match company at Wadsworth o. o has been sold to banking Interests ocho vill continue to the E. E 7 plant Young retire and Don Young VICO ill become president of the Victor Talking Machine company js Satisfactory Its foreign business being exceptionally active says E. E j. j Shu- Shu presIdent Sales in South and Japan have been good Profits of United States are reported to be rUI- rUI at the rate of month month- lv continue ahead of 1927 With prospects of for the full year against l 1927 Time Anglo Mining cor- cor Is understood to be direct Ing a merger of Malayan tin producing companies which Will control 12 cent of the output Tile Barnes of tile panics have not yet been Earlier in the year Several Nigerian companies controlling G per cent o the Nigerian output were absorbed ab- ab into the AsSOciated iiII Mines of NIgeria Since thea the Oriental Anglo group has been drawing concerns in Bur Bur- ma Siam and Malaya into the Oriental Anglo American through its subsidiary Montreal Locomotive Works has an order for twenty northern type passenger engines weighing tons each from tIle Canadian National Railways willell is still in the market for engines