Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-28
Corporation News

NEW YORK, May 2s.-The following
ID todays summary Of important cor
poration news prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press.
News Trend.
Ioadings of railroad freight continue
at the 1924 levels. Latest report, for the
week OF May 17.sshows aggregate load
inss of 100000 cars, q decrease 81
1927 cars from the previous week and
1880 cars below the like period of
1929. Miscellaneous freight, forest prod
ucts, ore and coal and coke shipments
showed the largest declines from year
ago.
Based on reports thus far received,
indication is that aggregate earnings of
the railroads will show some improve
ment over the March results, which re-
corded q drop of 81 per cent from the
1929 returns. The first so carriers to
report for April show an average de-
crease in net Of 81 per cent from year
ago.
The Companies. 49,,
Alabama Great Southern Railroad
April net operating income on a per
cent; months, A per cent below year
ago.
American Utilities & General has ac-
CURED ~ per cent Of outstanding class
3 certificates Of Consolidated Gas IT'LL
titles.
Associated Telephone Utilities declar-
ed quarterly stock dividend of 2 per cent
on common stock; previously paid 12
per cent quarterly.
Ann Arbor, r. r. April surplus of
q
below year ago.
Appalachian Gas acquiring rs per cent
interest in Southwestern Natural Gas.
Chicago, st. Paul, Minneapolis 81
Omaha r. r. April net operating income
OF IS per cent; months up % per cent
over year ago.
Cities Service contracts with Standard
Oil Of New Jersey to form Paraguano
petroleum, which will develop over AGO.
900 acres of potential oil lands in Vene-
xuela.
Denver & Rio Grande Western r. r.
April surplus $I87,29 against 1894
4 months surplus of II per cent from
year ago.
Goldman Sachs Trading-w z. Sachs
elected president to succeed Wadd1l
Catchings.
Gruen watch earned s2.51 on common
stock in year to March 81, against $2.99
Sin year ended December 81. 1928.
Illinois Central r. r. April net operat-
Ing income of 34.5 per cent; months
down 28.5 per cent from year ago.
International Business Machine Great
Atlantic & Pacific Tea orders Dayton
scales for all store, which total about
$4,000.
Knox Hat buys interest in Washing
con Tremlett's, Paris chemisier.
Mobile 81 Ohio Railroad Subsidiary
Southern Railway April net operating
income of 36 per cent; 4 months SO
per cent below year ago.
National Air Transport carried 131 ,20A
pounds mail between New Yorker
cago In March, against 1879 in Feb
1uary.
New York Central Railroad April net
operating of 81 per cent; months
36.2 per cent below year ago.
Oliver Farm Equipment business for
nrst II days May about s5 per cent
OF entire May, 1929, volume.
Packard Motor Car reduces prices OF
standard Fights S400.
Radio Orpheum acquires Brat.
ter-Pollak circuit of eight theaters with
seating capacity of 10000.
Radio Pictures English associate &C.
CURES fllm rights to all George B. Shawi
plays.
Remington Rand earned 1881 or
common stock in year to March 81
against $1.i5 in previous year.
Seaboard Air Line April deficit $345,.
912, against surplus $231,331; foul
months deficit s559,063 against $751;
5s2 year ago. Before adjustment
bond interest all periods.
Seneca Copper Mining had defici
Sll3,6O2 in March quarter, against def
cit $54,126 in 1929 period.
A. O. Smith Corporation received lis.
mile pipe line order from Southwestern
Natural Gas.
Shell Union Oil subsidiary to-marke
new gasoline called super Shell to retail
cents higher than ordinary gasoline.
Standard OIL of Kentucky declare
extra dividend 40 cents and quarterl.
payment of 40 cents on common stock
Last extra dividend, 20 cents, paid De
csmber 81, 1929.
Tri- Utilities earned $3.50 on common
st,.cI in IL months TO March 81, 1890
tern Air Express carried 1875, SO.
roi@ r-ci on Los Engeles-Sa LAX,
: @e III March quarter.