Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-28
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS

NEW YORK. August 28.-The fol-
lowing is a summary OF important cor
poration news prepared by the Standard
Statistics Co., Inc, for the Associated
Press.
News Trend.
Dividend declarations and railroads
earnings statements supply the most in
teresting portion of today's financial
news. Companies announcing resump-
| ton of dividend payments and increased
or extra disbursements include Auto
Strop Safety Razor, Buffalo, Niagara
g. Eastern Power. Consolidated Laun-
dries and Texon Oil 81 Land. A reduc-
ton in quarterly rate was made by JEFF
ferson Electric. Further reports from
railroads have amplihed the decrease in
aggregate income compared with pre-
vious years. Total net operating income
of the first 81 roads to report for July
showed declines of 1928 per cent from
year ago and was lis per cent
smaller than in the 1928 month Gross
revenues for the same carriers was 17.8
lper cent less than year ago and 81
per cent below 1928.
Production of electricity by electric
and power industry in the United States
in the week of August % was 28 per
cent below the like week in 1929, but 6
/ cent above previous week.
The Companies.
Associated Gas g. Electric Statutory
/ Court for district of New Hampshire
DEGREES New Hampshire public service,
until further order of court, be re-
strained fromen forcing order forbidding
sale of stocks and bonds of associated
subsidiaries in New Hampshire.
| Atlantic Coast Line Railroad July net
| operating income off IS per cent; 2
months, as per cent below year ago.
| Atlantic Gulf & West Indies Steam
| ship Lines first half earnings, $4.16
| common share, against $7.56 year
| ago.
Autostrop Safety Razor increases
class B quarterly dividend to 75c, paid
40 cents formerly.
Bangor g. Aroostook Railroad July
deficit after charges, $l97,852. against
/ deficit $94,068 year ago; months sur
plus after charges, $1,i62,204, against
surplus, 1921 ,68l.
Buffalo, Niagara g. Eastern Power
| declared quarterly dividend 40 cents
each on class A and common shares;
/ formerly paid 37l2 cents.
Burns Bros. announce coal p1lce ad-
vance so cents a ton, effective Sep
| TENDER l.
Canadian National (including Gen.
| trail Vermont) July net after expenses
off 40 per cent; 7 months, Al per cent
below year ago.
Chemical National associates over
! two-thirds stockholders of company
and Chemical Bank g. Trust have de-
| posted proxies with committee to ratify
merger of associates into trust company
Chicago g. Northwestern r. r. July
| net operating income off &C per cent
| (excluding back mail pay 81, 349, 492, in
cluded 1929, OF 20 per cent? months
As per cent below year ago.
Coca Cola international first hall
earnings $500 common share, against
So year ago.
Colgate Palmolive Co., reported
negotiating for acquisition Of Kirkman
Son of Brooklyn, N. Y
Consolidated LaundIies resumes pay
ments Of common stock by declaring
Il quarterly dividend 25 cents
Denver g. Rio Grande Western Rail
road July deficit after charges $40, 405
against surplus $i34,4i9 year ago; sever
months deficit 1861 ,043, against curplui
| S726,85
Freeport, Tex. acquires leases on 1905
acres on Stratton Ridge Salt Dome
Brazoria County, Tex, where sulphur
prospecting will be started.
Goodyear T. a. r reduces salarie
sales and Office forces, including execr
! tives, 10 per cent; employing 20 pc
cent less .salaried workers at presen
/ than at peak last year.
international BugiiieSS Machines Ee