Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-20
Corporation News

NEW YORK, November 20.-The
following is today's summary of i'm
portant corporation news prepared by
Standard Statistics Co., Inc, New York,
for the Associated Press:
News Trend.
Crude oil output for the week ended
November 16 proved more favorable
than forecast, the average of 2,62o,0
barrels daily showing drop Of II 200
barrels from previous week, whereas a
small gain had been anticipated. Cur
rent production is only 10000 barrels
or So per cent above same date of
1928, the smallest percentage gain over
the corresponding period of the previous
year for any week this year. The
weeks reduction resulted largely from
a further drop OF 81 500 barrels daily
in the California output, while Okla
homa reported fair sized increase.
Reports from the conference, of rail-
way executives in Washington indicate
that 1929 expenditures for capital i'm
provements may reach $300,000,000 and
that the 1880 total should run consid-
erably higher. If this forecast ma
terializes, the business of equipment
companies. which already has witnessed
sharp gains this year, should show
further progress in the coming year.
The Companies.
Brooklyn Manhattan Transit October
net after taxes up 10 per cent; four
months % per cent above year ago.
Burger Bros earned sta per share
in year ended September 80, VS.. Moth
ing a wear ago
Butte & Superior Mining earned IS
cents per share in nine months to
September 30, VS.. II cents year ago.
Chicago & Alton october net of II
per cent; 10 months 81 per cent above
year ago.
First National Stores reported pur-
chasing own stock in market for treas
ury account.
General Laundry Machinery common
dividend omitted; had been paying 40
cents quarterly.
Hecla Mining earned $1.48 per share
IN nine months to September 80, VS.. 90
cents year ago.
Honolulu Plantation declares extra
dividend OF So a share and regular
quarterly of rs cents.
international Telephone & Tele-
graph-three of subsidiary's seven At
Iantlc cables broken by earthquake.
irving AIR Chute earned $205 per
snare IN 10 months to october 81.
1928. ~'0'OOO Al
Mergenthaler Linotype increases divi-
dend from SIS to Sc annually. also de-
clareS a ascent extra against so cents
paid on September 80.
Mohawk Rubber earned S2.I5 per
snare (before Federal taxes) in nine
months to September 80 versus S4.74 in
entire 1928. -
miums totaled $15,927,O 76, a gain of
$895,511 over year ago.
National Transit declares extra divi-
oend OF % cents and regular quarterly
of rs cents.
Nedlcks. Inc. sales year ended Oc-
to6er 81 up is per cent over year ago.
Pacific Public Service earned 81 80
per class share in IL months to Sep
Pere Marquette Railway October net
on 28 per cent; 10 months 4 per cent
above year ago.
Pettibone Mulliken earned $1.2l per
snare IN ii months TO September 80.
Rollins Hosiery Mills earned sin "a
per snare In year ended October 26
versus $.85 year ago.
Shepard-Niles Crane & Hoist declares
terly of 81 on common.
SherWin-Williams September and Oc-
toper sales up 100000, or 1O.8 per cent
over like months of 1929,
Snupert Theater passes common divi-
oend; mad been paying SIPS quarterly
united States Rubber'S nine months
IRE SAFES up IL per cent over year ago,
We4cn Grape Juice earned $3.50 per
snare ss ere IN year ended August 81, versus
western Union Telegraph-Three of
III Atlantic cables broken by earthquake,