Evening Star Newspaper, February 29, 1928, Page 12

0. - i_EVENING STAR._WASHING \r T s o o n . UUHUUK IS BR GH 350 CONCERNS WILL PAY Bnd Anwiversany sak of The Hecht Co. Beyins Pidig, Mivel Sied DIVIDENDS TOMORROW Stock D!nrfluntm\s Ummportant INBULDING IRAI]E e onth Nearly $2,500,000,000. ‘ i i AR e, ' Conctruchon Has Turned, NEW YORK, February 29.—Dividend payments will be made tomorrow by Largely to Commercial and |avout 350 American cotporations, and : | these, with interest disbursement and Industrial Structures. | the asury's March 15 financing, will RN 8 by - m——ns 5 » 5 R s 507 5P raise the monetary turnover for the { month to nearly $2.500,000,000. In the overnment's operation alone about 3 | $2.138.000.000 will change hands, m-' € A spatch to The Star cluding about $150,000,000 interest on "W YORK. February 29— Building | it obligations. et g "j““"‘ Although at least 16 corporations nml ensed dur- | pqy extra dividends on_March 1, stock dividends will be few. Cushman's Sons' 3 per cent disbursement in $8 preferred | stock being the only one of importance corded. Companics paying estras in- Hlld(‘ Atchison. Topeka & Santa uction work was Ufl' Inland Steel, Celanez Corporation, g this time year bec gett & Myers and Imperial Ol Co. A | liquidating d d per cent will e of constru be p\\d Sres sualty | css is about 9 per i 15 Co. of New York. TROLLEY TRA E DROPS. s been I, a1 | United le‘vn‘ .. Baltimore, Has| 1 progress n the suburbs, b g tndu: Special D h 1o The Star BALTIMORE. February come of $18.366.91. ) United Railways & Electric Co., which | sounted on | controls the trolley system of Balti- | © *7.000.- | more, for January in a statement of . industrial. | operations filed with the Public Service gINCering con- | Commission, was $53.7 . or 7454 d per cent less than for the corresponc- ing month n 1927 Passenger revenue was $64.480.19, or 465 per cent under that reported for he same month last year. Total rev- enue showed a drop of $65.15242. or 4r4 per cent. The number of revenue | gers handled wa 846,531 fewer in January, 19 Earnings Slump. ! BRIGGS PHOFIT DOWN. NEW YORK., February 20 (#) Manufacturing _Co. reports profit of $1.155,729, as against $8, The index 8 whole, as S For Qualits Peas at a Moderate conveyances Tr. 1 righer than a v in real estate is not e: pected to reach its top until toward the end of next month. They Will an:!;nl"lula Ask There is no apparent lack of funds DOSE Geeyer for the financing of this tremendous | JAMES M. DENTY amount of building. The situation has Whoteiale Distitbater brought great satisfaction to the mort- gage bankers and to the insurance com- | panies which have large sums invested city real estate mortgages. They say there is less speculative building today than at any time since 1920 and construction is being based on actual demand. Financing in Larger Units. The financing of construction will be in larger units than in 1927, owing to the character of the buildings projected. Some of the skyscrapers will cost be- tween $30,000.000 and $40,000.000. Costs are fairly stable. The trend in the price of materials is somewha high- er, but skilled labor scales are stable and the cost of unskilled labor seems likely to decline slightly below the 1927 levels. Rentals have shown a slight decline in many cities during the last few months, especially for housing, but the trend now is reversing itsel No marked ad- vance is in prospect, but the situation is commencing to show much more stability. The demand occasioned by the start of work on the many new structures is having a most encouraging eS<ct on the material trades. Structural steel is strong. Cement producers seem likely to hnheu: good ¥ ;:er Price improve- | . t ment not yet n marked because N H > S l the demand has not yet grown up to ew rfiat yle »hi mbe ~ ]cflk;}lnclgly of tge’mm.s | e e e P, | o N y h that the cut of 1927, which totaled om ew or 14,279,520.478 feet, will be exceeded this year. Brick is strong and hardware in e 5o little time to m ood demand. Paint and varnish manu- | \fildred Warshaw, lovely iarers are making preparations {0 | City girl who lives at 1353 42nd o g Street, Brooklyn. “Thats why it been such a help to me to learn the EASTERN ROLLING MILL |;cw way so maty of my girl-friend: BALTIMORE. February 29 (Special) | are doing their hair. Now I just put —Net profit of the Eastern Rolling Mill |a few dashes of Dandcrine on my Co. for 1927, after all charges, includ- | brush every time I use it. It makes® ing reserve for depreciation and Fed- n,y hair easy to dress and holds it e ame tax. amountedsto $233. |y place. All I need is one shampoo S st et surplus of | " Coih now. It stopped my dand $62.358.27 from extraordinary charges | and credits, including profit and loss | ruff. and my hair is always adjustments applicable <o prior years, | and silky, instead of looking dull and making a net increase of surplus for | stringy like it did before I started the year of $285492.16. using Danderine.” g ——o— Danderine does more to bring out CERTIFICATES TO BE QOUGHT t~h¢- :,zluul color, the gleam and lustre of hair, than any sham- Holders of Bank of America voting | Radi % eertificates are 1o be asked to return dust, grime and oily film (mm yor e Sor exchange for new stock pre- | hair—tones and e freshes your scalp paratcry to dissolution of the bank's | —keeps dandruff awa All drug woting trust in accordance with a recent | stores have the 35c bottles Lovely New York State Court of Appeals deci- | hair and a healthy scalp for a few cre to 4 | over the Bowery & East River National Bank, if stockholders approve. 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