Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-11
Wall Street Briefs

BY the Associated Press.
NEW YORK, october 10.-Directors
of u. S. Rubber Co. have authorized
acquisition of controlling interest in
the Samson Tire g. Rubber Corporation
of Los Angeles through q new corpora
ton to be formed. The plan calls for
an exchange of Samson common stock
for preferred stock in the new COM
pany.
Dow, Jones g. Co. estimates that the
September net operating income of the
Chicago, Burlington g. Quincy Railroad
will total $4,000 900, against $3577, 1872
last year. The estimate says the cur
rent outlook is that the october gross
will run behind October, 1929, but
should be ahead of last month.
Mrs. John T. Dorrance has been
elected a director of the Campbell
Soup Co. to fill the vacancy caused by
the death Of her husband. DR.. George
NJ. Dorrance was elected chairman of
the board, a newly created position.
Merger OF Western Exploration Co.
and Consolidated Royalty Oil Co.
through exchange of az shares of
Western for l share of Consolidated
has been declared effective, more than
81 per cent of Western Exploration
shares having been deposited.
September shipments by the Baldwin
Locomotive Works showed an increase
over the like month last year. Ship
ments for September this year totaled
81, $50, 900, against $2,560,000 in Sep
TENDER, 1929. Shipments for the first
nine months totaled $26, $50, 900, against
SIT, 370 900 in the corresponding period
of honkiToc - CT month To-
tailed $5s0,0o0, against s2,23o,000 in
September last year. Unified orders
as of October / totaled $8,803,000, suf-
flcient to maintain an average monthly
rate Of shipments of 100000 for the
balance of the year.
David K. Bruce, associated with Fed
eral Aviation Co., has been elected a
director of the Union Pacific Railroad
and its three affiliated lines.
Lew Hahn, president of Hahn De-
partment Stores, Inc, said today that
the company's earnings to date were
larger than last year and that July 81
inventories showed a decrease of more
than 100000 from the figures of a
year previous.
Consolidated Retail Stores reports
September sales of $2,093,632, a de-
CIcdoS VI Oh per CcIlI 1IOIu SEyAUO,OOo
for September last year. Sales for the
first nine months aggregated $16,O82,-
AIT, an increase of 3.3 per cent over
Sl5,572,903 for the corresponding period
of 1929.
The weekly statement of the New
York Federal Reserve Bank showed i'm
$1,015,000 was from Colombia and
$3.50 900 from other Latin American
countries. Exports during the period
| consisted of $4,000 consigned to Ger
many.
A Nationwide group Of investment
dealers, headed by Bancamerica- Blair
shares, a new fixed trust, the portfolio
of which contains stocks Of "a COM
panies.
Associated Telephone & Telegraph
has declared an extra dividend of 81 q
share on the 81 class A stock, payable
November l to stockholders of record
October IT. A statement said that
earnings of the company and prospects
| for the future seem to justify paying
| 50 extra each year on the class A
stock. A similar extra was declared
| in July.
Wall Street estimates place the
amount of copper producers have on
their books as sold but undelivered at
between 100000 and zoe, 000, 900
pounds. This is, roughly, equal to the
amount of stocks of refined copper as
published by the American Bureau Of
Metal Statistics a month ago.
Standard Public Service Co. has
closed contract for acquisition Of
Greenup County Home Telephone Co.,
serving Russell, KY, and four adjacent
/ communities with a. combined estimated
population of $4,000. Under the terms
of the contract acquisition is provided
for. through the exchange Of securities,
no public financing being necessary.