Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-06
Corporation News

NEW YORK, March 6.-The follow
ing is today's summary of important
corporation news prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Corporation items in the days news
are of a mixed character. Favorable
dividend announcements were made by
j. G. Penney Co. and National Candy.
Washington Oil reduced quarterly divi-
dend and Standard Commercial To-
bacco omitted payment due at this time.
New acquisitions were reported by Bor-
den, American Cyanamid and Briggs g.
Stratton Corporation. Companies with
1929 earnings showing a substantial in
crease over the previous period are Fed
eral Mining g. Smelling, Gilchrist Co.
General Gable and North American &C.
ment.
The Companies. -.
Alaska Juneau Mining earned II cents
on common stock in 1929, against "a
cents year ago.
American Cyanirnid acquires control
of Heller g. Merz Co. of Newark, N. j.
American Hardware earned $50 on
common stock in 1929, against S5.l8
year ago.
American Water Works a. Electric
January Electric output up per cent
from year ago.
Atlas Tack earned SO cents on COM
mon stock in 1929, against SO cents
year ago.
Bickfords. Inc, February sales up TT
per cent; two months sales up 10 per
cent from, year ago.
Borden Co. acquires Hildebrecht Ice
Cream Co. of Trenton, N. j.
Briggs Sc Stratton Corporation &C
qures I. x. l.. Metal Spring Cover Co.
of Milwaukee.
Calumet g. Arizona Mining February
production 100000 pounds, against
9.182,000 pounds in January and TO-
265, 900 in December, 1929.
Consolidated Gas, Electric Light &
Power of Baltimore stockholders to vote
on increasing authorized common stock
to 1000 900 shares from 100000 and
preferred shares to 100000 from 300,0
shares. Increase to provide stock to
finance expansion from time to time.
Federal Mining & Smelling earned
$36 on common stock in 1929, against
e2415 in 1928.
General Gable earned $42O on COM
mon stock in 1929, against $500 in
1928.
General Electric obtains 100000
order from New York Central for power
substations.
Gilchrist Co. preliminary earnings for
1929 equal S2l7 a common share before
Federal taxes, against $1.16 year ago.
Cleaner Combine Harvester February
operating profit $230,07s, against 800
All year ago.
w. T. Grant Co. February sales up
11.2 per cent: months sales up 1874
per cent from year ago.
Hartman Corporation earned $2.47 on
common stock in 1929, against $2.06
year ago.
Knott Corporation earned $307 on
common stock in 1929, against $2.67
year ago.
MacAndrews e. Forbes earned 1923
on common stock in 1929, against $2.90
MacSay Co. has deficit of s1s3,410 for
January, against surplus Of $40,973 year
ago.
McCrory Stores February sales up %
per cent; two months sales up IL per
cent from year ago.
Montgomery Ward & Co. opens store
at Des Moines, Iowa, currently operat-
ing % retail department stores.
National Candy declares quarterly
dividend of so cents on common stock,
placing issue on So annual basis, against
81. rs formerly.
Neptune Meter earned $306 on COM
mon stock in 1929, against $2,47 in 1928.
New York Telephone lost about 5000
subscribers in February. December tbe-
fore rates were increased) showed a
gain of 10 400 subscribers over previous
month.
North American Cement Corporation
earned S5.48 on 81 preferred stock,
against 1882 year ago.
Packard Motor Car receives approved
type certificate for Packard-Diesel air.
craft engine, with official rating of 225
horsepower at 1900 r. p. m, issued by
Department of Commerce.
David Fender Grocery February sales
I'D ST. per cent. Had 419 stores and so
meat markets in operation at end Of
February.
j. G. Penney Co. declares quarterly
dividend of IS cents on increased COM
mon shares, placing stock on SO annual
basis, equivalent to SO on common prior
to 200 per cent stock dividend on which
81 was paid.
Standard Oil of New Jersey to re-
duce refinery operations one-seventh In
volume. Standard Oil of New York
reduces wholesale and retail prices Of
gasoline cCA. gallon in New Eng
land States.
Y