Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-23
Corporation News

NEW YORK, October 23.-The fol-
lowing Is today'S summary OF all I'M
portant corporation news prepared by
Standard Statistics Co., Inc, New York,
for the Associated Press:
News Trend.
The midweek trade developments were
of a mixed character. Steel operations
increased slightly, car loadings dropped
further, while oil output showed large
gain over previous week. The steel in
dustry is now operating at 30 per cent
of capacity, compared with 10 per cent
in previous week and 80 a year ago.
United States Steel is at 80 and the in
dependents at II, against 80 per cent for
all groups on same date of 1928. Load
ings of revenue freight for week ended
October IL of 1,l7900 cars were 11,733
cars, or per cent, below same week Of
1928. making the second week in sue
cession and the third this year that
loadings fell below the corresponding
periods of previous year. Loadings of
grain products made the largest drop,
although miscellaneous freight, live stock
and forest products also contributed to
the decline.
Oil output for week ended October 10
increased $500 barrels to 2,903,2 200 bar
rels daily. Oklahoma contributed about
$4,000 barrels to the gain and Califor-
MIA 10000.
The Companies.
American Republics earned $4.51 per
preferred share in nine months to Sep
TENDER 80 against 70 cents year ago.
Boston Woven Hose G. Rubber, earn
ed $l0.61 per share, in year ended
September l against $7.96 in previous
year.
Brooklyn Manhattan Transit (includ-
I'M ~ TToT hnI
net of $l,640,610 for quarter ended
September 80 against $1,419,188 Jag
gregate of B. M. T. and Brooklyn City
SyStems) year ago
Charts Corporation earned $427 per
share in first nine months against 1914
In same period of 1928.
E. /. Du Pont De Nemours, earned
1854 per share in nine months to Sep
TENDER 80 VS.. $5.19 year ago.
Duval Texas Sulphur to split stock
for /.
Equitable Trust submits recapitaliza-
ton plan, involving reduction in par
from 500 to $50; each holder of 8
share of 500 stock, will receive in ex-
change IL shares of $40 par and a war
months to September 80 VS.. 1929 year
rant to purchase four additional shares
at $40 a share.
General Motors jointly with Fokker
ture Dornier flying boats.
Gillette Safety Razor to undertake
large advertising program for new razor
and blade.
Hudson & Manhattan Railroad, earn
ed 1887 per common share in nine
months to September 80 against $2.29
year ago.
Hupp Motor Car third quarter net to
approximately % cents per share
against 1928 year ago.
Jones & Laughlin steel declared ex-
ira diytdens of 81 on common and regu-
lar SIPS quarterly; similar extra paid
In previous quarter. Earned $24.14 per
common share in nine months to Sep
TENDER 80 against $l4.87 a year ago.
Kimberly Clark earned $435 per
share in nine months to September 80
against $40 in entire 1928.
Minneapolis, st. Paul and Sault Ste.
Marie September surplus (after charges
off 81 per cent from 1928 month; earned
$2.93 per common share in nine months
against SLIP per preferred share year
ago.
Missouri Pacific Railroad directors
approve plan to pay off preferred ar
rears of $49.75 per share; plan involves
offering common and preferred stock
holders rights to purchase $38 1865, 300
common stock at 500; If entire Offering
is not subscribed for preferred stock
holders will be asked to take up remain
ing shares at par; as common Is selling
under 100 plan actually amounts to an
offer to preferred holders to accept COM
mon Cat value of 5000 in liquidation
of their arrears; earned $7.48 per COM
mon share in nine months to September
80 against $3.50 year ago.
New Orleans, Texas & Mexico Sep
TENDER surplus (after charges) up 1877
per cent; earned $40 per share in
nine month against $500 year ago.
New York. Chicago 81 st. Louis earned
$14.1l per share IN nine months against
$7.05 year ago.
New York, New Haven & Hartford
Railroad September net, after charges,
up 1876 per cent; earned S7.24 per COM
mon share in nine months against $S.95
year aRO.