Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-27
Corporation News

NEW YORK, April 26.-The follow
ing Is today's summary Of important
corporation news, prepared by Stand
ard Statistics Co., Inc, New York, for
the Associated Press:
The Industries.
The Standard Oil Co. of New Jersey
has rescinded recent increase of 10
cents a barrel on fuel oil at Cristobal
and Balboa, Canal Zone, retaining pre-
vious price Of $1.20 a barrel.
Railroads-March net operating Of
the first 26 railroads reporting totaled
$26, $4,000, against $43,119,0O0. in
March, 1929, a decrease of 1914 per
cent. For January net of these roads
aggregated $27,765 900. Gross revenues
of same roads for March was of 1913
per cent from year ago, but 40 per
cent above their February gross.
Railroad equipment-Order for three
Pacific type locomotives received by
American Locomotive from Chicago, st.
Paul, Minneapolis g. Omaha Railroad.
Mayor Car receives order for Is caboose
cars from Erie Railroad.
The Companies.
Alabama Great Southern March net
operating income off IS per cent from
year ago; three months net OF IS per
cent
Sidney Blumental g. Co., Inc, had
deficit Of $124,021 in March quarter,
against net income of 95 cents a COM
mon share in 1929 quarter.
Caterpillar Tractor declares extra
dividend of Is cents on common stock
in addition to regular quarterly rs
cent payment.
Ford Motor Co. dealer discounts in
creased up to 81 per cent on graduated
scale, replacing straight 171s per cent,
effective since November last.
Ford Motor Co., Ltd, lets contract for
construction of plant in Cologne.
General American Tank Car reported
may acquire foreign subsidiary of Pull
man Co.
Globe Automatic Sprinkler passes
quarterly dividend OF class A stock, last
1880.
Houdaille- Hershey Corporation earned
As cents on class A stock in March
quarter, against $17O on class B stock
in like 1929 period.
International Silver earned 50 cents
on common stock in March quarter,
against $1.79 in like 1929 quarter.
Kendall Co. declares participating
dividend of 81 cents in addition to quar-
terly dividend of $3.50 on participating
preferred stock.
GhII1GQ S14.IU Oh
common stock in 1929, against $3.50
in 1928.
Mobile & Ohio Railroad March net
operating income off II per cent;
months net, off IL per cent
National DiStillerS Products earned
81 cents on common stock in March
quarter, against 20 cents in like 1929
quarter.
National Fuel Gas earned SLIT on
common stock in 1929, against $l.52 in
1928.
Robert Refs & Co. March quarter
sales up 81 per cent.
Southern Railway March net operat-
ing income of 1862 per cent: months
net off 400 per cent.
Warner Sugar had deficit of $685.
641 in 1929, against $478,974 in 1928.
White Motor first quarter sales ap-
proximately 10 per cent below like 1929
period.
Radio Corporation of America sum-
monses charging violation of Clayton
act filed by Sunlight
Lamp Co. and Universal Electric Lamp
In Federal Court, Wilmington.
Sinclair Consolidated Oil reported
for Pierce Petroleum Cor
poration.
Stewart Warner Corporation declares
quarterly dividend of rs cents on COM
mon stock placing issue on 81 annual
basis, against $3.50 previously. Earned
81 cents on common stock in March
quarter, against $1.58 in like 1929
period.
Ulen & Co. earned IS cents on COM
mon stock in March quarter.
Virginia Railway earned $2.55 on COM
mon stock in March quarter, against
$3.12 in like 1929 quarter.
Walker Mining earned AZ cents on
common stock in 1929, against 10 cents
in like 1929 quarter.
Warner Bros. Pictures Pacific Coast
subsidiary plans erection Of six new
theaters in Los Angeles and vicinity.
Warren Bros. Co. received orders for
approximately $5,80O,000 New York.