Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-27
Corporation News

is todays summary of important cor
poration news prepared by Standard
Statistics Co., Incs New York, for the
Associated Press.
News Trend.
April railroad earnings supplied the
major part of today's corporation news.
Aggregate net operating income Of the
first IA roads to report amounted to
S9,9s7,o00, a decrease of 26.7 per cent
from April, 1929. Gross operating rev.
enue for these roads was 10 per cent
below year ago, totaling 500, 793, 900.
This compilation, however, does not in
clude number Of the later releases,
which made a decidedly poor showing.
The exceptions to roads showing de-
creaseS were Chicago Great Western,
Maine Central, Rock Island, Missouri
Pacific, Minneapolis g. st. Louis, and
New orleans, Texas & Mexico all
of which recorded substantial gains in
net for the month. Exceptionally large
decreases were shown by Erie, Great
Northern, Pere Marquette and Missouri
KanSas-Texas.
Crude oil production in the United
States was reduced 1884 barrels daily
in the week of May "a, according to
preliminary estimates. Average output
during the week was 2,576,069 barrels
day.
The Companies.
: American Telephone & Telegraph
new conversion price OF AZ per cent
convertible bonds $166.Ss, against $3.50
before stock issue.
Chicago Great Western Railroad
April net operating income $174,348 vs..
$69,l5O 4 months net Sol, s4s VS..
$S42, 666 year ago.
Chicago, Milwaukee, st. Paul & Pa
cific Railroad April net operating in
come off At per cent, months 81 per
cent below year ago.
Chicago, Rock Island g. Pacific Rail-
road April surplus up At per cent,
months off SO per cent from year ago.
Delaware, Lackawanna & Western
Railroad April net operating income
off AZ per cent, 4 months AZ per cent
below year ago.
Electric Auto Lite May output IS per
cent ahead of April.
Empire Steel Thomas Works suSpends
operations in 10 sheet mills at Miles,
Ohio. Falcon Works only sheet plant
active in Youngstown district.
Erie Railroad April surplus of 985
per cent; 4 months, down 1913 per cent
from year ago.
Famous Players Canadian, minimum
number of shares required under offer
Of Paramount Publix deposited.
George A. Fuller Co. obtains two
Canadian contracts involving 81, 450, 900.
Goldman Sachs Trading reported
Waddill CatchingS will retire.
Great Northern Railway April net
operating income, $136,059, against 81,
578,297; 4 months net, $674,385 against
$5,l32, 465 year ago.
Kelley Island Lime & Transport
earned $2.97 on common stock in 1929
against 1896 in 1928.
MacMarr Stores March quarter net
estimated at $415,0o0 against $4,000
year ago.
Maine Central Railroad April surplus
up AZ per cent; 4 months 104 per cent
above year ago.
Minneapolis g. ST. Louis Railroad
April net operating income, 1886
against deficit, $66,083; four months
deficit, $105,692, against income, $64,305
year ago.
Missouri-Kansas Pipe Line contracts
released for construction of $40, 000, 900
pipe line from Texas Panhandle to In
diana.
Missouri Texas Railroad April
surplus, off So per cent; four months,
down 81 per cent.
Missouri Pacific Railroad April net
operating income, up So per cent; four
months, of 2.3 per cent from year ago
New Orleans, Texas & Mexico Rail
road April net operating income, up 43
per cent; four months, up AS per cent.
Niagara share to merge with Marine
Union Investment, Inc.
Norfolk Southern Railroad April net
operating income, off 48 per cent: four
months, so per cent below year ago.
Pathe Exchange, Inc, 8 per cent pre-
ferred stockholders protective committee
formed to elect directors. This right
given in certificate of incorporation If
eight quarterly dividends are deferred.
Pere Marquette Railroad April suplus,
of 70 pc cent; four months surplus, off
76 per cent.
Pennsylvania Railroad April net
operating income off 22.4 per cent: four
months 27.5 per cent below year ago.
Southern Pacific Railroad April net
operating income off AZ per cent; four
months net Al per cent below year ago.
Tonopah Mining of Nevada stockhold-
erS to vote on transfer of all net as
sets, except for certain properties an
stocks, to Tonopah Corporation, for
10000 shares of $40 par stock. War
rants to purchase 100000 shares of
Tonopah Corporation stock at SIS in
ratio of one Share Tonopah Corpora
ton for each 10 shares Tonopah Min
ing TO be issued To latter Stockholders