Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-10
Corporation News

NEW YORK, March 10.-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.
Week end mercantile reviews noted
but little change in the business situa-
ton during the past week While i'm
provement from the low points of the
recession are distinct, progress is being
somewhat obStructed by the continued
commodity price unsettlement and 9TH
er obstacles. Trade in general ranges
from fair to quiet and industry still
leads in distribution of activity In
general. business, in view of the many
impedimentS, is manifeSting strong re-
sistance that demonstrates its inherent
strength.
Bank clearings for the week ended
March in % principal cities OF the
country totaled $11 ,478 962 900. a de-
cline of 2l.S per cent from Ike week
q year ago. Clearings in New York City
amounted to ST,7S5, 900. a decrease of
rs per cert Exchanges in principal
cities outside of New York totaled So
693. 962. O00 a decrease of 1l.3 per cent
from a year ago. Increases were shown
by Richmond, Louisville and San Fran
cisco.
Corporation items of outstanding in
terest were the increase in dividend
rate of Coca Cola international from
SO to S12 and the passing of quarterly
dividends due at this time by Grigsby
Grunow Co., Kermath Manufacturing
and National Sugar Refining.
The Companies.
American Colortype Co. acquires Bert
L. White Co.
Arizona Commercial Mining February
copper production estimated at 231, l03
pounds, against 366,672 pounds in jan
uary.
Asbestos Corporation earned rs cents
on 81 preferred stock, against 1886 IN
1928.
Auto Car Co. has introduced a new
six-cylinder motor, called Blue Streak.
Lane Bryant, Inc, February sales up
per cent; two months sales up per
cent above year ago.
California Petroleum. earned $2.77 on
common stock in 1929 against 30 cents
in 1928.
Canadian National Railway 1929 net
operating revenue of 20 per cent from
1928.
Geo Manufacturing declares stock
dividend of per cent in lieu OF 6212-
cents quarterly dividend due at this
time.
Chrysler Corporation Plymouth cars
to be handled by all of company's
10000 dealers.
Coca Cola International declares
quarterly dividend Of So, placing stock
on IL annual basis, against SO formerly.
Foote Bros. Gear e. Machine first
quarter orders on hand up 80 per cent
from year ago.
Fox Film earned $12s7 on combined
A and B stock in 1929, against $6.47 in
1928
Fox Theaters earned $1.65 on 1870
500 combined A and B shares in fiscal
year ended October 81, 1929 against
S1.64 on 930,359 shares in previous cor
responding fiscal period.
Grigsby Grunow Co. passes quarterly
common dividend; last payment, SO
cents, made January 2, 1890. Sales
two months this year. $10,805, 557
against S10,666, 403 in hkeaA929 period
Kermath Manufacturing passes quar-
terly common dividend Of rs cents, due
ut this time.
S. H. Kress g. Co. February sales up
5 per cent; two months up 4 per cent
from year ago.
Lukens Steel earned $2.11 on common
stock in fiscal year to october 26, 1929
against $l.o7 in like previous fiscal
year.
Mortgage Bank of Colombia earned
S4.35 on common stock in 1929, against
1857 in 1928.
National Sugar Refining omits quar-
terly preferred dividend Of $3.50, due
at this time.
National Supply Co. (Delawarel
earned Sill .46 on common stock in 1929
against $3.50 in 1928
Pie Bakeries of America, Inc, earned
$l.36 on class B stock in 1929 In 1925
1924 was earned on class A shares.
Daniel Reeves, Inc, sales four weeks
ended March /, up % per cent; two
months. up 81 per cent from year ago
Frank G. Shattuck Co. earned $2.6l
on common stock in 1929.
John r. Thompson Co. February sale
up 26 per cent; two months sales III
a. per cent above year ago.
Union Oil Co. of California to reduct
refinery runs one-seventh.
United States Playing Card earned
$5.74 on common stock in 1929, agains
S6 in 1928
Wagner Electric earned $4.61 on com
mon stock in 1929, against So yeal
ago.