Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-23
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS

NEW YORK, october 23.-The fol-
lowing is a summary of important cor
poration news prepared by the Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Construction contracts awarded In
the seven States east of the Rocky
Mountains during week ended October
II aggregated $83, 1872, 900, according to
F. w. Dodge Corporation. Average
daily rate Of placements was $15,735, 100,
compared with September rate of $12,-
764, 900 and $17,140, 900 in October year
ago. The trend of building construction
during the first half of October has
turned moderately upward, as compared
with last year. Valuation of September
contracts ran about IS per cent below
1929, whereas awards in current month
have fallen only about 10 per cent I'M
der last year. For year to date, awards
in this territory totaled $3,905, Ola, 400
against $4,868, 10000 in 1929 period, a
decline Of 1913 per cent.
The days assemblage of third-quarter
earnings statements is uniformly I'M
favorably contrasted with the 1929
Showings for the nine-month period.
Houston Oil of Texas showed moderate
ly higher share returns. A reduction
in quarterly dividend rate was made by
Follansbee Bros. Acquisitions were re-
ported by Phillips Petroleum and Ma
tional Dairy Products.
The Companies.
American Glue to declare SOS. Com
mon dividend out of surplus; disbursed
$50 October IS.
Atlas Powder third quarter earnings
80 cents common share, against $2.75
year ago; nine months, $256, against
1929.
Auto strop Safety Razor to pay rs
cents adjustment dividend on class A
dividends on new Gillette preferred
stock to be carried from November /.
Bohn Aluminium g. Brass third quar-
ter earnings l cent common share
against $197 year ago: nine months
$197, against $7.03.
Butler Bros subsidiary, Scott Stores
opens four new stores increasing num-
Der in operation to 81; has 102 locations
leased.
Colonial Beacon Oil awarded contract
for $4,000 gallons fuel oil for Boston
City Hospital; price, $1.04 barrel.
Commercial Solvents third quarter
earnings Is cents common share
against AZ cents year ago; nine months
"a cents, against SLIT.
Consumers Natural Gas recently or
ganized to acquire control OF Pecos VAL
ley Gas, Gas Co. of New Mexico, Okla
homa General Gas and Pioneer Gas
Utilities Management supervision tc
be exercised by Southern Union Gas
which has substantial stock interest In
new company.
E. I. du Pont de Nemours third quar-
ter earnings S105 common share
months
against 1854.
Eaton Axle & Spring earned $2.1S
common share in first nine months.
Empire Steel w. H. Davey stock hold
ings in company acquired by Pickands
Mather & Co., other large stockholder'
to place holdings in hands voting
trustees.
Follansbee Bros reduces quarterly
common dividend to rs cents; paid 81
cents in previous quarter.
Ford Motor, Ltd, loses first of two
patent suits against Junkers Co. FOL
infringement of patent for construction
of airplane fuselages from corrugated
metal.
Gould Coupler had deficit $83,649 ir
third quarter, against profit $50 ,345 yeal
ago; nine months profit $226,394
against profit $131,144.
Hudson & Manhattan Railroad third
quarter earnings, II cents common
share, against 80 cents year ago; nine
months, 1922, against 1887
Houston Oil of Texas third quarter
earnings, SO cents common share
against $135 year ago; nine months
1892, against $3.40.
Kroger Grocery g. Baking September
sales averaged $11 per store above veal
ago.
Missouri Kansas-Texas Railroad con-
sidering reduction of rates on gasoline
shipments in order to improve COMPETE
tive position as related to pipe lines.
National Cash Register earned a.
cents class A share in third quarter
against $1.71 year ago; nine months
81 "a, against $5.41.
National Dairy Products has arranged
with Florida Citrus Exchange for dis
tribution of fresh Florida orange Juice;
will deliver latter to customers with
house toulouse milk deliveries. To &C.
quire assets of r. G. Miller & Sons
Inc, of Hartford, Conn, for 1926
shares common and $180,500 of 51l
per cent debentures.
New England Tel. e. Tel. authorize:
expenditure of $1,753,525 for new con-
struction and Improvements in plant.
Phillips Petroleum to issue 3,37t
shares stock in acquisition of II service
stations of Gilliland Oil of New Mexico
Public Service Corporation of New
Jersey net income II months to Sep
TENDER 80 was $29, $50 1857, against $685.
969, 176 in previous year.
Richfield Oil of California sells ST.
500, 900 fuel oil to Shell Oil.
st. Louis-San Francisco Railway
considering reduction of rates on gaso-
line shipments in order to improve
competitive position as related to pipe
lines.
Sherwin- Williams Co. earned $414
common share in year to August 8, vs..
1926 in previous year.
Superior Steel had deficit of $96,262
in third quarter, VS.. profit of $l3,073
year ago; nine months, deficit $278,62l,
VS.. profit $194,450.
Sweets Co. of America third quarter
earnings so cents common share, VS..
SIS cents year ago; nine months, $1.01,
VS.. $1.06.
Texas Corporation president does not
look for any change in company's divi-
dend policy.
United States Steel subsidiary, Fed
eral Shipbuilding & Drydock, low bid
der on construction Of four new YES
sells for W. r. Grace & Co.; bid was
$3,980,000 for each boat.
Virginia Iron, Coal g. Coke had net
loss of 1882 in third quarter, against
loss Of Sill 1929 a year; nine months, loss
$110,502, against loss $39, 1893.
Warner Quinlan Co. had deficit of
$114,689 in third quarter, against profit
of STAG, 687 year ago; nine months,
deficit $285, 900, against profit 81 1922, $50.
Youngstown Sheet & Tube new ST.
100000 electric pipe mill went into COM
mercial operation yesterday.
EARNINGS REPORTED.