Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-16
Corporation News

NEW YORK, February 15.-The fol-
lowing is today's summary of important
corporation news, prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Week end mercantile reviews note a
gradual but general trend toward high
levels. Price and production adjust
mentS have not yet been completed, but
the process Is causing less unsettlement
than had been looked for. Retail trade
has been stimulated somewhat by the
improved weather conditions. Whole
sale business showed little betterment,
but sentiment appears more optimistic
than earlier in the year.
Bank clearings in leading cities Of
the country for the five days ended Feb
ruary Is continued sharply below a year
ago. Total clearings of 1891, 272, 900
were 1913 per cent below the like period
of 1929. New York City clearing
amounted to $5,448, 000, 900, decline of
34.4 per cent from year ago.
i, Outstanding items in the days cor
poration news were declarations of in
itial dividends by De Forest, CroSley
Radio and Russek's Fifth Avenue, Inc,
and announcement Of an extra dividend
by Curtis Publishing.
The Companies.
American Laundry Machinery earned
$5.44 on common stock in year 1929,
against 1852 in 1928.
Bearings Co. Of America earned 81 AZ
on common stock in year 1929, against
81 OF in 1928.
Briggs g. Stratton Corporation earned
"a 90 on c0YN0n0n stock in wear 1000
against 1886 in 1928.
Curtis Publishing declares extra divi-
dend of so cents and regular quar-
terly payment Of so cents on common
shares.
De Forest Crosley Radio declares
initial quarterly dividend Of 20 cents
on common shares.
Eisler Electric stockholders receive
rights to purchase $4,000 shares COM
/ share for each IL shares held.
Gulf States Steel plans expenditures
of over $l7,000,000 for new mills and
additions.
Kroger Grocer & Baking earned 1854
on common stock in year 1929, against
$3.46 in 1928.
La France Republic January ship
mentS up lot per cent from a year ago.
Luxford Taxicab abandons Is cents
rate plan.
Mathieson Alkali earned 1881 on
common stock in year 1929. against
1926 in 1928.
National Acme earned 1920 on COM
mon stock in year 1929, against $2,4l in
1928.
National Refining earned 1912 on
common stock in year 1929, against
$2.8l in 1928.
Herman Nelson Corporation earned
IL L..
against 1922 in 1928.
Nevada Consolidated Copper earned
$3.96 on common stock in year 1929,
against $3.48 in 1928.
New York Central requests authority
to acquire and operate Ulster & Della
ware Railroad
North American Co. 1929 electric out
put increased IL per cent over 1928.
Otis Elevator receives $4,000, 900 ele-
vator contract from Starrett Bros.
Pacific Gas & Electric earned $3.50
on common stock in year 1929, VS.. 1914
in 1928, based on average shares out
standing during year.
Phillips Jones Corporation earned
$3.45 on common stock in year 1929, VS..
$405 in 1928
Pittsburgh IL West Virginia receives
authorization of Interstate Commerce
Commission to construct six-mile ex-
tension from Connelsville branch line.
Porto Rican American Tobacco de-
clares class A dividend of Sits on ac-
count Of accumulation and regular class
A payment of SITS.
Remington Arms earned $3.50 on
common stock in year 1929, VS.. $l.s4 in
1928.
Russeks Fifth Avenue, Inc, declares
initial dividend Of 40 cents on common
stock.
Super Maid Corporation earned 1912
on common stock in year 1929, VS.. $8.l4
United States Gypsum earned 1898
on common stock in year 1929, VS.. 1922
in 1928
Westinghouse Electric g. Manufaetur-
ing 1879 sales billed about Is per cent
larger year previous.