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

BY the Associated Press.
NEW YORK, March 1.-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.
The unseasonably warm weather, to-
gether with price unsettlement of ag-
ricultural products had marked effect
on the tone of business in general dur
ing the past week, according TO week
end commercial reviews. Fluctuations
in cotton naturally held trade in cot
ton cloths down, while lower wheat
prices brought good orders to flour mills
in the Southwest, but operations in the
Northwest were sim low. Reports on
sales of farm implements were SurpriS-
ingly good, indicating that the decline
in grain prices Is affecting the dealers
and spectators rather than the farmer.
Bank clearings for the week made a
relatively better showing than for any
time since early in the year. Total
clearings at all leading cities of the
country were So 1895, 400, 900, a decline of
1913 per cent from a year ago. New
York City clearings totaled $5.885, 0O0.-
900. drop of 22.l per cent, while total
of centers outside New York was SOLO,
400 900, or 1874 per cent below last
year. Increases were shown by sew
eral cities, among them Boston, Mime
apolis, Omaha and San Francisco.
The Companies.
Baltimore g. Ohio Railroad earned
S11.24 on average common shares OUT
standing in 1929 VS.. $12.43 in 1928.
Brunswick Bake Collender reported
Warner Brothers Pictures negotiating
for radio, photograph and record
business.
Canadian Pacific Railroad January
net of 6l2 per cent from year ago.
Celanese Corporation of America
earned 81 in year 1929 VS.. 81 cents
year ago.
Corn Products Refining earned $5,4s
on common in 1929 VS.. $4.35 in 1928.
Congress Cigar declares extra dividend
of Is cents in addition to regular
quarterly dividend of SIPS.
Container Corporation of America
January net profits $72,183 VS.. $l8,394
year ago.
Fanny Farmer Candy Shops January
sales up per cent from year ago.
General Motors February shipments
Buick and Marquette cars 8,842 VS.
1929 in January and about $4,000 IN
February year ago.
| stock in 1929
l.. Greif g. Bro. earned 1921 on COM
mon stock in 1929 VS.. $2.56 in 1928.
Gulf States Steel declares four 1896
| quarterly dividends of $l.75 on preferred
| stock.
Hazeltine Corporation earned $l3s
! on common stock 4 1929 VS.. 81 cents
| in 1923.
Maine Central Railroad declares 81 .2s
quarterly dividend on common stock
placing issue on a SIS annual bash
| against 81 formerly.
Mengel Co. untitled orders February
IA were $2.343000 VS.. $3,340,000 veal
ago and $i2,268 900 at end of 1929.
Michigan Central Railroad January
net operating income of 3l.8 per cen
! from year ago.
National Dairy Products concludes
arrangements for acquisition of Kraft.
Phenix Cheese Corporation; basis, $685.
l75,000 5Hs per cent debentures. $685.
500 shares National Dairy Products
common stock and $6,400,000 cash
Purchase, which includes control o
Southern Diaries Corporation icon.
trolled by Kraft, increases National:
sales volume to $400, 900 900. Contract.
also made for purchase of d. H. Ewing
Sons Creamery, Sugar Creek Sanitary
Milk and Gray-Van Allmen Co. o.
Louisville, KY.
National Trade Journals, Inc. earnes
$l04 on common stock in 1929
Pierce-Arrow Motor Car, 1901
shares class A and all class B stool
held by Studebaker Corporation.
Pirelli Co. of Italy declares DIVIDEND
of $3.l4 per American share for 1928
J In 1923 288 was paid
Pittsburgh Coal (reVised) earned
cent on preferred stock in 1929, agains
: deficit of $1.4l share in 1928.
} Reynolds Investing indicated loss 70
1929 was $l.279,9 40, against surplus o