Salt Lake Telegram | 1925-05-09 | Page 11 | Wall Street Briefs

I Wall Wal Street Briefs I IThe The financial district hears hear that negotiations negotiations ne ne- ne- ne are In progress for a loan of to the th city of which will wil be bo offered In iii II the New York market mark t under a guarantee from the government of ot Japan The proceeds of ot the bonds bonda will wi be used for reconstruction the development de of the municipality It ItIs ItIs J Is understood J. J P. P Morgan Morlan A Co will wi handle the financing American Power and Light earned arned 3 a a- ashare share hare on the common cornmon stock in 1924 A after t preferred r dl dividends dividend nl against a 1241 a share a In 1923 2 Net income O was compared compard with Grow Gross Grot earnings earning Increased to from 1317 th the year before beor Tile The National a lo Tube Te e company has been w e a contract t by the SoI Houston nb Oil company for tor a new mile pipeline which will wi be completed before the end nc of ot the year A larger la volume of Inquiries for steel Is I. reported in Ii the industry U Is la ex expected cx- cx o- o to 4 develop Into n orders within I H a afew few rte weeks Good s e export ro demand Is ie also I. I noted noted Wall Vall al street treet statisticians are a. a giving ln 11 at attention attention at at- tenton to the large larre reserves being piled up u by the Allied Chemical and Dye De co corporation con cor which stood tood at about at th the th end of 1924 1024 or approximately 60 50 a share on the common stock Mock This Thin Thil 0 was waa more than In exee of the year before and nd an Increase of ot 26 25 In four years yearn