Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Corporation News

NEW YORK, January 16.-The fol-
lowing II today's summary Of impor-
tant corporation news, prepared by
Standard Statistics Co., Inc, New York,
for the Associated Press.
News Trend.
Labor Department index for Decerrl-
Der indicates to some extent the fur
Their degree of recession in industry
during that month, index for the month
declining per cent, as compared with
November. Employment in manufac-
turing industries decreased 81 per cent,
as compared with November, while in
creaseS in employment were shown in
nine industries. Shiphuilding, with a
gain of AZ per cent was the only ma
ior industry to show a stable increase.
Index for the full year of 1929 for all
industries was 39 per cent above 1928
and 1.1}per cent higher than 1927. In
dex of earnings for the year 1929 was
So per cent above level of 1928 and
per cent over 1927. Compared with De-
cenlber, 1928, the automobile industry
showed the outstanding decline, en-
ployment index showing decrease Of
26.4 per cent.
"A further step to curtail production
of crude oil and correct the statistical
yCS-
| terday. Prices of crude oil were cut
Is to Al cents barrel by several Texas
producers.
The Companies.
Bangor & ArooStook 1929 earnings
estimated at $8.25 common share by
president, against $694 in 1928.
Best g. Co. opens second suburban
store at Mamaroneck, N. Y.
p,,,ota proc declares DIVIDEND of Al
on common stock.
Chrysler Corporation stockholders
numbered over $4,000 on January 10,
1880.
Creamery Package Manufacturing
earned 1858 in fiscal year to November
80, 1929, against $3.50 in previous flseal
Electric Shareholders declares stock
dividend of per cent and regular quar-
terly dividend of IS cents on common
stock.
Ford Motor Co. of Canada shipments
year 1929 totaled 87,504 units, up l6
per cent from 1928. s&
Humble Oil g. Refining reduces prices
Texas light crude and both grades OF
coastal crude oils from Is TO IL cents
barrel
Martin-Parry Corporation shows loss
Of $85, 255 in quarter to November 30,
1929, against loss $3T,653 in like 1928
quarter.
A. G. Mckee 81 Co. preliminary earn
| ings on class B stock IN year 1923 $7.04
against 81 80 in 1923.
Niagara Hudson Power 1929 output
totaled 6,875, SO. 1886 kilowatt hours, &c
per cent above 1928 output.
Noblitt Sparks Industries earned $8.54
in IL months to November 30, 1929,
against $3.50 in same 1928 period on
common stock
owens Illinois Glass declares dividend
Of 81 on common stock.
Pittsburgh Plate Glass acquires w. J.
Schoonover Glass Co. OF Scranton, Pa
Prudential Investors net income pc
| Rod February 4, 1929, to December 81
1929. was $382,0lT; indicated loss on
| securities held. $3.067, 1862,
Richfield Oil receives additional con-
tracts from Government for 10000 gal
| Ions aviation gasoline.
Southern Ice & Utilities earned 81
cents in fiscal year to- october 81, 1929
against SO cents in previous fiscal year
on common stock.
Standard Oil Of New Jersey to form
new French, company in conjunction
with Atlantic Refining and Gulf Oh
| Corporation; Standard to hold so PEI
| cent of stock. Company, reported plan
ming to consolidate Venezuelan interests
has acquired additional B stock Of Gre
ole Petroleum, which it already con-
trolled.