Evening star., 1927-12-30

STANDARD OF INDIANA.-Chi-
caso dispatches TO Wall Street say il
Is regarded unlikely there will he any
special distribution to stockholders of
the Standard Oil Co. of Indiana out
or the Governments income tax re-
fund Of $5oe2 .S94. which is equal to
55 cents a share on more than 9.000,-
600 shares Of SIS par value stock.
GOODYEAR TIRE RUBBER
The privilege of exchanging preferred
stock OF Goodyear Tire & Rubber Co.
for first preferred on the basis of one
and one-quarter shares OF the latter
for each share of the former will be
reopened January i. Those exchang.
ing viii receive an increased dividend
income by reason of the additional
: shares issuable on the exchange.
LIFE SAVERS. INC.-Life Savers.
Inc. earned $233 a share in eleven
months this year.
SENECA COPPER co. - Seneca
Copper Co. has informed the Stock Ex.
change OF proposed increase in cap
itsl stock from 500 900 TO 900 900
shares. The Philadelphia Rapid
Transit Co also proposes an increase
In authorized preferred from s23, ,o00.-
900 to $50. 900, 600.
MAIL ORDER STORES.-New
price lists On many lines Of merchan.
disc showing reductions from latest
catalogue prices are being sent out by
Sears. Roebuck & Co. and Montgorn-
cry. Ward & Co. Tires are among the
items cut
CENTRAL OF NEW JERSEY
The Central Railroad OF New Jersey
earned $1525 a share in the first nine
months of 1927. with net income of
34.ls5.6s2. after taxes and charges.
scHwAB on DISTRIBUTION
FeySewing the outlook for American
business IN 1928. Charles If. Schwab,
chairman Of the Bethlehem Steel Cor.
poration and president Of the Ameri-
can Iron IL Steel Institute, ernpha.
sizes the need for further exploration
OF the field Of economic distribution
and selling This. az a necessary
phase Of Developing our production, is
industry's immediate problem. look
for continuous progress toward the
solution Of this problem. That will
benefit not only producers and manu-.
facturers. but also consumers"
PENNSYLVANIA RATLROAD.-
Railroads are operating today with
greater confidence in the future than
they have haC in the las. 20 wears
in the opinion of ". " Atterbury
president u the Pennsylvania Rail.
road. This ss due, he says 10 two out
standing factors, that the railroad
service itse. is better than il ever
was. and tbe people Of the United
states know il and want IL continued.
and railroad investors are encouraged
10 furnish more capital for The expa n.
sson and improvement ~ that service
THE outlook is bright. Italiroad on.
GERS and owners feel the support u q
constructive public opinion Reguist.
ing authorities reject that sentiment
The railroads ard their owners are
ready 20 90 forward with tie advance.
tneDt 81 American business and vel.
tafs generally"
WESTINGIhCttSE Ef.EcTKIc.-
Election of the following Officers II The
Westinghouse Electric & Ga,lJfa4.
turing 20 E8E announced To-Day
hy the hp2rd ~ directors. Controller
Clinton ~ F.Eney. f0r!.sery con.
ugoIieF and late vice president II the
HorfhiDgton Pnnp 4 Macl.nefy 90.
secretary, Warren II Jones. assistant
secretary u Tie company since 1911:
assistant secretary Edward j. MUM.
gan, who began hls business career as
Office hoy - George Neatinghous4 Zb
years Hgo,