Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-25
Corporation News

Corporation News
NEW YORK, April 25.-The follow
ing is summary of important corpora
ton news prepared by Standard Statis-
tics Co., Inc, New York, for the Asso-
ciated Press:
News Trend.
March quarterly earnings statements
again dominate the days corporation
news. OF the large number included
but two make a favorable comparison
with a year ago-Maine Central Railroad
and Southern Diaries. Outstandingly
unfavorable showings for the quarter
were made by Bethlehem Steel, st.
Louis-San Francisco and Congress Ci-
gar Dividend announcements of inter-
est were the reduction of Chile Copper
quarterly rate to rs cents against 871a
cents formerly, and the declaration Of
initial dividends by Square D Co.
Wholesale commodity prices registered
q further decline in the past week. An
nalist Index on April %, stood at 1881,
q decline of OF point from the pre-
vious week, and 12.1 points below a year
ago. It is now at a record low, 5 per
cent below index at the beginning of
the year, IL per cent below the 1929
high, and 8;3 per cent below the like
period Of 1929. Of the eight groups
making up the index only fuels showed
an advance, rejecting the increase in
prices during the past week for crude
oil, bituminouS coal and gasoline.
The Companies.
American Brown Boveri had deficit of
1857 in March quarter VS.. earnings
of SO cents on participating stock in
like 1929 quarter.
Atchison, Topeka g. Santa Fe Rail-
way stockholders approve acquisition
of Kansas City, Mexico & Orient Rail-
way of Texas.
Atlas Tack had deficit of $22,167 in
March quarter. In like 1929 period
earned Al cents a common share.
Austin Nichols & Co. earned $4 on
81 preferred stock in 10 months to Feb
ruary %, 1880.
Bethlehem Steel earned $3.50 on
common stock in March quarter VS..
$4.05 in like 1929 period. Untitled Or
ders March 81 totaled $73,333,010 VS..
$86,060,883 on December 81, 1929, and
$62, 1922 83 on March 81, 1929. Opera
tions currently at "a per cent VS.. average
Of 80.8 per cent for first quarter and 81.
per cent for first quarter of 1929 New
business has been at about rs to 80 per
cent of production.
Buffalo, Niagara g. Eastern Power
1929 net before subsidiary preferred
dividends, up IL per cent.
Burns Bros. announce reduction of 81
. ton in prices Of anthracite, effective
May /, 1880.
Coco Manufacturing March sales up
so per cent from year ago.
Central r. r. of New Jersey March net
operating income off 19 per cent from
year ago; three months net off II per
cent.
Chile Copper declares quarterly divi-
dend of rs cents on common stock
placing issue on So annual basis against
$3.50 formerly.
Congress Cigar earned rs cents on
common stock in March quarter, VS..
$l.32 in like 1929 period.
M. A. Hanna Co. earned Is cents
on common stock IN March quarter,
VS.. same amount in like 1929 period
Lily Tulip Cup first quarter sales
about, 20 per cent above same 1929
period.
Long Island r. r. Transit Commits
sion has ordered road to purchase 100
new multiple unit passenger cars of 30
seat capacity, and have available by
June Is, 1881.
Los Angeles Gas & Electric net in
come IL months to March 81 off per
cent from previous fiscal year.
Maine Central r. r. earned $2.78 on
common stock In March quarter, VS..
$1.09 in like 1929 period.
New York, New Haven & Hartford
r. R. earned $1.30 on common stock
in March quarter VS.. $1.36 in like 1929
quarter
New York, Ontario g. Western Rail-
road March deficit after charges $122,-
273, VS.. $122,126 year ago.
Northern States Power total income
fiscal year ended Janaury 81, up 3
per cent.
Ohio Oil declares quarterly dividend
Of 81 on common stock, placing issue
on 81 annual basis ($2 regular and SO
cents extra quarterly formerly paid,
and initial dividend of $1.5o on new
preferred.
Packard Motor shipped s,1oo units
in first quarter, 1890.
Pennsylvania Railroad March net
operating income OF 34.4 per cent from
year ago; three months net off 29.5
per cent. Request authority to issue
$18,000,000 $50 par common stock to
officers and employees at par.
Powdren & Alexander earned $2.02
on common stock in March quarter.
Prairie Pipe Line earned $129 on
Is
1888 in like 1929 period.
Reading Co. March net operating in
come off % per cent from year ago;
three months net of 90 per cent.
ST. Louis-San Francisco Railway
earned 66 cents on common stock In
March quarter, VS.. SLAB in like 1929
period
Frank G. shattuck Co. products
being distributed through American
News Co. concessions.
Southern Diaries earned $685. on
common stock in 1929, VS.. $l.44 in
1928.
Southern Pacific Co. March net OPP
Grating income off As per cent from
year ago; three months net off 81 per
cent.
Square D Co. declares initial quar-
terly dividend of so cents in cash and
semi-annual stock dividend of 2 per
cent.