Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-14
Corporation News

NEW YORK, March 14.-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.
Corporation news of the day was of q
mixed character. OF outstanding inter-
est was the announcement that the
board of directors of Bethlehem steel
Corporation and Youngstown Sheet &
Tube have authorized an agreement for
the acquisition by Bethlehem Of all
properties and business of YOUNGSTOWN.
Favorable dividend announcements were
made by L. S. Starrett, Hazel Atlas
Glass and Marlin Rockwell Corporation.
Announcement of an unfavorable ma
ture was the reduction by General Bak-
ing OF quarterly preferred dividend
from $3.50 10 70 cents. Also of interest
were the announcements that Cities
Service had acquired Federal Light q
Traction and General Electric had tax.
en- over Walker Dishwasher Corpor-
alton.
The Companies.
American locomotive earned $40 on
common stock in 1929, against $1.92 in
1928.
American Sugar Refining earned
$3.50 on common stock in 1929, against
$3.50 in 1928.
Associated Telephone Utilities stock
holders offered rights to subscribe to
additional no par common stock at $24
q share in amount equal to Is per cent
Of recorded holdings.
Bethlehem Steel directors of this
company and Youngstown Sheet g. Tube
authorize an agreement for acquisition
Of properties and business of Youngs-
town on basis of IA shares of Bethle-
Youngstown common. Youngstown
SIS, 5000 preferred stock to be re-
tired
Cities Service acquires control of
Federal Light & Traction Co.
CurtiSs-W Wright Corporation subsidiary,
Wright Aeronautical Corporation, passes
quarterly dividend on common stock
due in February, 1890.
Electric Household Utilities business
for first two months 1890 up IA per
cent over same 1929 period.
Engineers Public Service February
electrical output up 8.6 per cent from
year ago.
Fox Theaters class A and B stock
holders have right to subscribe to 10
year per cent debentures at rate OF
5000 principal for each share held.
General Baking declares dividend Of
rs cents on preferred stock; previously
paid $3.50 quarterly.
General Electric acquires control Of
Walker Dishwasher Corporation Of
Syracuse, N. Y.
Graymur Corporation iquidating
value, March 6, was S49.52 a share.
Company received $50 a share Tor
stock.
Hazel Atlas Glass declared extra
dividend of Is cents in addition to
regular quartely dividend Of so cents
on common stock.
Jewel Tea sales four weeks ended
February % of 81 per cent; sales firSt
eight weeks Of 1880 of per cent.
Lehigh Portland Cement earned $2.13
on common stock in year to February
%, 1880, against $6.15 in previous fiscal
year.
Marlin Rockwell Corporation de-
clares extra dividend Of so cents IN ad-
dition to regular quarterly dividend OF
so cents on common stock.
Missouri Pacific Railroad Van Swer-
ingen interests reported to have work.
ing control Of this company.
Motor Products earned $10.S1 on
common stock in 1929, against 1883
Paramount Cab Manufacturing stock
holders to vote on increasing auLnorlzeo
common from $50, 900 to 800, 900 shares.
Radio-K Keith Orpheum stockholders TO
vote on proposed increase OF authorized
class A stock to 100000 shares from
$4,000
Seneca Copper Mining had deficit of
S287, 970 in 1929, against deficit Of $221,-
23l in 1928.
Standard Oil Of New York makes
new contract to purchase 100000 tons