Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-01
Corporation News

NEW YORK, February 1.-The fol-
lowing is today's summary Of important
corporation news, prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Week end reviews of trade note
further improvement in industrial
activity. Although betterment in the
steel industry is not representative of
the situation in general, 1t does indi-
cate improvement in other manufactur-
ing branches, especially automobile pro-
duction. Weather conditions have been
decidedly adverse to activity in the
building trade and have hindered to
some extent wholesale and jobbing
business in the West.
Bank clearings for the week at lead
ing centerS throughout the country
totaled $3.50, 402 900, a drop of 1915
per cent below last year. Exchanges
at New York City were $685., 000, 900,
a decline of 26.9 per cent from a year
ago, while clearings at other principal
cities were $3,125, 400 900, or 1876 lower.
ALI cities reported showed declines.
The Companies.
Allis Chalmers Manufacturing Pre-
liminary 1929 earnings 1919. against
$2.82 in 1928, on common shares.
Orders booked December 81, 1929,
totaled $48, 493,817, an increase Of 35
per cent over 1928.
American Founders-Income from in
vestments only for year ended Novem-
Der 80, 1929, was equivalent to 81 cents
on common stock. Profit from sale of
securities for year was $17,609, 949.
American investors income from in
vestmentS only, equal to IL cents on
class B stock in 1929; indicated loss on
securities held $2,073,981.
Atchison, Topeka g. Santa Fe net
December, 1929, of A per cent; year
1929, up rs per cent from 1928.
Burroughs Adding Machine declares
quarterly dividend Of IS cents, placing
stock on 81 annual basis, formerly 80
cents annually.
Chain store stocks earned So Genus
indicated deficit for year, including loss
on securities held, was 81, 692, ASS.
Chicago Pneumatic Tool earned 1888
in 1929, against 1925 in 1928.
Childs Co. earned sass on common
shares in year 1929, against q loss of
$1.12 share in 1928
Cleveland Electric Illuminating
earned $4.26 in 1929, against 1929 in
1928.
GCANcI o. ftlO WeSteEn earn
ed ,$20.86 on preferred shares in 1929,
against $11.96 in 1928.
Devoe & Reynolds Co. earned $4.52
on combined and B common shares in
year ended November 80, 1929, against
$5.95 in like previous fiscal year.
Duluth Superior Traction earned IS
cents on preferred stock in 1929.
against 1928 in 1928.
Federal Knitting Mills earned $5.06
In 1929 against $500 in 1928.
Gulf Oil subsidiary meets new gaSo-
line prices of Standard Oil of New
York recently put in effect in New
York and New England States.
International Securities income from
investments only in 1929 equal to 81
cents on Glass A shares; indicated loss
on securities held Sl,665, 900.
international Telephone g. Telegraph
earned $3.01 in common shares in 1929,
against $342 in 1928.
Lane Bryant, Inc, earned $2.l4 in
six months to November 80, 1929,
against $3.50 in 1923 on common stock.
Market Street Railway earned $3.50
on prior preferred in 1929, against SLIP
in 1928.
Mayflower Associates income from In
vestmentS only in 1929 equal to $263
on capital stock; indicated loss on Sc
curities held $775.776.
National Aviation income from in
vestments only in 1929 equal to IL cents
a capital share; indicated loss of Sc
curities held $2,6l5, 606.
Peerless Motor Car earned 20 cents
in quarter to December 81, 1929, against
a loss of $545, 622 in 1928.
Philadelphia Electric earned 81 .S8 In
year 1929, against $159 in 1928.
Phelps Dodge Corporation to reduce
copper production 40 per cent at
Morenct smelter. Output has been
100000 pounds monthly.
Pittsburgh Steel earned 1915 in six
months to December 81, 1929, against
S5.43 in like 1928 period.
Sears, Roebuck q Co. sales, January
2 to January az. IN "a uer cent over