Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-16
Corporation News

NEW YORK, March 15.-The follow
ing is todays summary of important
corporation news prepared by Standard
Statistics Co., Inc, New York for the
Associated Press:
| The Industries.
OiI.-Tank car gasoline price ad-
| vanced one-quarter of a cent gallon
to ga cents In New York territory by
Tidewater Oil and Shell Union OH.
Railroads. - Aggregate freight car
! loadings for the four weeks ended Feb
ruary % declined 260,174 cars, or 60
per cent, as compared with correspond
| ing four weeks in 1929. Recession in
/ raslroad traffic has been general, only
: :: out of "a more important roads show
| h!S gains over last year for the four
week period compared. These were
Maine Central, Atlantic, Birmingham g.
Coast, Delaware g. Hundson, Bangor &
ArooStook and st. Louis Southwestern.
Railroad quipment.-DomeStic car
orders for freight cars last year aggre-
gated 124,14 units, representing gain
OF more than 140 per cent over book
ings of the previous year. AS 1929
closed 34,580 cars we're on order, COM
pared with 1850 reported at the end
of 1928. Thus, whereas booking for jan
uary totaled but $3.50 units, as COM
pared with 12,450 contracts for the
corresponding month of 1929, the back
log of untitled orders carried over into
the current period will permit rela-
lively high rate of operations for man
ufacturerS over the near term at least.
However, takings for the full year 1880
are unlikely to reach the proportions
of those for last year Carriers rolling
stock currently is amply replenished
49,. l,Ak ,,kI /
bookings are not in prospect.
Rubber-Consumpt of rubber in
February is estimated at 32,726 tons,
compared with 36669 tons in January
and 1854 tons in February, 1929. I'M
ports of crude rubber in February to-
tailed 43,728 long tons, against 47.462
long tons in January and 64,538 tons
in February last year. Domestic stocks
of crude rubber on February % totaled
131,748 tons, compared with 120,649
tons on January 81 and 90,057 tons at
end of February. 1920.
Textiles-Exports of cotton cloth in
1929 increased to 564, 447,000 square
yards, valued at $79,413, 900, from 546,-
847, 900 square yards, valued at $79,-
229, 900 in 1928, according to Depart
ment of Commerce.
The Companies.
AIlTdQ SOIpUIdLlOIl passes regular
quarterly dividend of IS cents due at
this time.
Columbia Gas & Electric seeks per-
mission to acquire Consumers Gas Co.
of New York.
Empire Power net income in year 1929
was $873,327.
Industrial Rayon earned 1882 on
common stock in 1929, against $8.68
in 1928.
Kendall Co. earned SO cents on COM
mon stock in 1929.
weeks to March / up 5.3 per cent: sales
8 weeks and 4 days to March / up
1.3 per cent. Stores in operation March
were 5,483, against 5,420 on same
date 1929
Middle Western Telephone earned IS
cents on common stock in 1929.
National Transit earned SLIT on
common stock In 1929, against $2.34 in
1928.
Neisner Brothers declares three quar-
terly dividends Of 40 cents each for
payment in 1880.
Snider Packing earned SLIT on pre-
ferred stock in fiscal year to January
81, 1880 In 1928 a deficit of $490,219
was shown.
Vanadium Corporation earned $4.91
on common stock in 1929, against $4.55
in 1928
Waltham Watch earned 81 on class B
stock in 1929, against $5.25 in 1928.
White Motor obtains orders for 20
semi-heavy and heavy-duty trucks and
25 light-duty delivery trucks from Shell
Eastern Petroleum and r. H. Macy
g. Co.
Auburn Automobile increases produc-
ton to $500 cars a month, compared
with 1859 cars in February Untitled
orders at beginning of March were
twice the number on hand at beginning
of February.
Automatic Voting Machine defers ac-
ton on quarterly dividend of so cents
on 50 prior participating preferred stock
due at this time.