Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-18
Corporation News

NEW YORK. February 18.-The fol-
! lowing is today's summary of corpora
ton news, prepared by Standard Sta
tistics Co, Inc, New York, for the AS
ISOLATED Press:
News Trend.
Preliminary estimate of daily average
crude oil production in the United
States for the week ended February Is
totaled 2.675 ,989 barrels. an increase of
81 ,228 barrels over the previous week.
Prices Of crude oil at 10 producing
fields during the past week remained
unchanged, $l.542 a barrel Gasoline
prices at four principal refineries was
also unchanged at 7.31 cents a gallon,
while service station price at 10 lead
ing markets dropped to an average of
1872 cents gallon, against 1912 cents
in the previous week.
Corporation news of the day included
reports of several acquisitions and a
number of interesting dividend an
nouncements. Central States Power g.
Light acquired Canada Electric Co.,
Ltd. and Eastern &c Development Co.
American Chain acquired Hazard Wire
Rope. Consolidated Laundry purchased
Ideal Laundry. Cleaner Combined
Harvester increased annual dividend
rate from 81 TO So. Taylor Coluuitt
Co. declared initial dividend of 81 cents
on new no par stock Hartman To-
bacco Co. passed preferred dividend due
at this time.
The Companies.
Alabama Great Southern earned
Sll.24 on common stock in year 1929
VS.. Sll44 in 1928.
American Chain acquires Hazard Wire
| Rope Co.
American Rolling Mill enters into
merger negotiations with Gulf States
| Steel.
Auburn Automobile January European
| shipments up 40 per cent from a year
! ago.
Belding Heminway sustained loss of
sl63.644 in year 1929 VS.. loss s426,o
| in 1923.
F. N. Burt Co. earned s4.66 on COM
mon stock in year 1929 VS.. S4.72 In
| 1928
Central States Power & Light ac-
quires Canada Electric Co. Ltd. and
Eastern Electric & Development Co.,
| Ltd.
Consolidated Laundry acquires ideal
Laundry Co. of West New York. N. j.
| Douglas Aircraft to enter commercial
| production in May, 1890.
| Eagle Pitcher Lead earned Sl.l6 on
| common stock in year 1929 VS.. $i.10 In
| 1928
General Refractories bookings on jan
uary !, 25 per cent larger than on like
date OF 1929.
Cleaner Combine Harvester declares
quarterly dividend of so cents, placing
| common shares on 50 annual basis,
as against 81 formerly.
Hartman Tobacco dividend of SI.62i5
-. faNs-e g. \ - =
Hershey Chocolate estimated 1929
earnings 1923 common share VS.. $3.50
in 1928.
Hudson a. Manhattan r. r. January
surplus after charges up ll.9 per cent
from q year ago.
Indiana Pipe Line earned S2.79 on
common stock in year 1929, VS.. S2.83
in 1928.
Lerner Stores plan to open 30 new
stores in 1880.
Loft. Inc, sales for January up 28.s
per cent.
Louisiana Oil Refining earned s1l4
taxes. in 1929. VS.. $1.08. after taxes,
in 1928.
Louisville e. Nashville Railroad esti-
mated 1929 common share earnings
$ll.73, including 81 900. 900 back mail
pay, VS.. $l224 in 1928.
McGraw Hill Publishing earned $3.72
on common stock In year 1929, VS.. $3.O4
In 1928.
Missouri-Kansas Pipe Line to in
crease authorized SIS par common stock
to 100000 shares from 100000, and
to issue 100000 shares of new 81
par class B stock.
North American Aviation acquires
Ford Instrument Co.
Phillips Petroleum reported to have
entered into merger negotiations with
Independent Oil g. Gas Co.
Phoenix Hosiery earned Sl03 on
common stock in year 1929, VS.. $l.02
in 1928.
Pilot Radio & Tube January sales
up 34.4 per cent from a year ago.
Royal Typewriter earned $3.50 on
common stock in year 1929, VS.. $4.Os
in 1928.
Standard Oil Co. of Nebraska re-
duces tank wagon and service station
prices of gasoline 2 cents a gallon
throughout Nebraska and in Council
Bluffs Iowa
Taylor Colquitt Co. declares an In
ltial quarterly dividend of 81 cents on
new no-par common shares.