Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-03
Corporation News

NEW YORK. January 3-The fol-
lowing is todays summary of important
corporation news prepared by Standard
statistics Co, Inc, New York, for the
Associated Press:
News Trend.
Outstanding corporation news of the
gay was the statement by the commit
tee purported to be representing Fox
class holders that receivership action
would be brought against the Fox Film
corporation and Fox Theater CORPORA
tion II that step was not taken by
creditors. Also of interest was the an
nouncement by the Standard Oil of New
Jersey OF revision in method of COM
putation of retail gasoline prices. The
new basis involves the computation of
prices on the basis of transportation
charges, buyer to receive the benefit of
lower price If close to refineries and
served by cheap transportation service.
rms action is attributed to an effort on
the part OF the Standard to reduce the
amount OF California oil which is find
ing It's way into Eastern markets.
The Companies.
j. d. Adams Manufacturing 1929
earnings estimated at $4.25 by the presi-
dent.
American Cigar to sell $1,000 shares
PASASAACA az Vll u Der snare To
American Tobacco Co. and borrow close
TO 100000 from latter for capital ex-
penditures.
American Machine & Foundry IN
creaseS common dividend to 81 annual
~, formerly on 81 basis.
associated Apparel Industries earned
S5O9 in IL months to November 80, ex-
cIualng pront on sale of assets, against
S445 In IL months to December 81.
1928 a.
Aviation Corporation, Colonial Air
ways system subsidiary, carried 388. 500
pounds of mail in 1929, against I44,I67
in 1928.
Bancomit Corporation earned $3.50
IN II months to December 81, 1929.
chesapeake q Potomac Telephone
tBaltlmore) 1880 budget involves ex-
penditure of S22,oO0,O0O for improve
ment and expansion of system.
ChrySler Corporation to market eight
cylinder Dodge and De Soto models in
iow-price field. Dealers stocks Novenn-
Der 80. 1929, we're % per cent below a
year ago.
Cockshutt Piow earned s2so IN n
months to November 80, against S2.68
IN IL months to December 81, 1929
Continental Motors omits quarterly
dividend of 20 cents. Last payment Oc-
tober 30, 1929
Ell Paso Electric November net up u
per cent; IL months, l8 per cent above
year ago.
General Motors-Chevrolet operations
to be placed on 5-day schedule next
week. Force has been on a 3-dav
schedule. Production, cars and trucks
In December totaled 27,437 units, against
$4,000 year ago; IL months OUTPUT
totaled 1901 ,166, against 200. 600 in
1873. Buick shipments totaled .242 in
December, against 9,761 in November
and II RQ7 in napannhar q
GrigSby- Grunow 1880 line to include
nVe models ranging from $l16 to $225.
against $l37.5O to 1855 on present mod
els. Earnings before Federal taxes in
seven months to December 81. 1929
equaled $225 share against 100 a
year ago. Sales for same period exceed
$42,OOO,OO0, against $49,0OO,O0O in like
1928 period
Houdaille Hershey acquires substan-
TIA! interest in Schwitzer-Cummins Co.
of indianapolis.
Hupp Motor shipped 50578 cars in
1929, against 68,857 in 1928.
Indian Motor Cycle loss nine months
to September 80, $405, 957.
Island Greek Coal 1929 production
close to 6,300,0oO tons, up 16 per cent
Maytag Co. retires $4,000 shares 50
preferred and 1900 shares S. preferred,
thereby canceling warrants for pur-
chase Of 45,375 common shares
Montgomery Ward December sales I'D
- per cent; II months. ass per cent
higher than year ago.
Nashville, Chattanooga IL ST. Louis
Railway earned $20.81 in 10 months to
october 81, 1929
National Container issues $4,000
shares of stock in payment for assets of
Hygrade-Eagle Corrugated Paper Prod
ucts Corporation.
National Cotton Corporation-Federal
Farm Board approves plans for forma-
ton Of $30,000,00O central marketing
organization.
Packard Motor Car raises prices $llO
on three models in standard eight line.
Prairie Pipe Line December deliveries
up sc per cent; IL months, IL per cent
above year ago.
Standard Oil of New Jersey to revise
price basis for marketing gasoline
throughout Atlantic seaboard territory.
Base to be cargo market price, plus
differential and actual freight to selling
points.
Winnipeg Electric declares dividend Of
81 on common stock.