Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-22
Corporation News

| NEW YORK, January 22.-The fol-
lowing Is today's summary of important
corporation news, prepared by Stand
| ard Statistics Co., Inc, New York, foI
the Associated Press.
News Trend.
Report on industrial activities re-
leased during the day were favorable
| The steel industry continued to show
increased activity. production in the
past week advancing to 90 per cent
OF capacity compared with Sc per cent
in the previous week and 81 per cent
two weeks ago. In the corresponding
week of 1929, output was at "a per
/ cent of capacity. U. S. Steel maintained
operations at about 70 per cent against
! 81 in previous week, IS per cent two
weeks ago and IS per cent in like week
of 1929.
Car loadings of revenue freight for
the week ended January IL, totaled
863,l91 cars, an increase of 86,932 cars
over the previous week, but decrease
of 51,247 cars, compared with the like
1929 week All commodities except
grain and grain products showed in
creases over the previous week, mcr-
chandise L. c. L. miscellaneous freight.
and coal, three accepted barometers
OF trade and industrial activity, making
the best gains.
The Companies.
Acme steel earned $3.50 in year 1929
against $7.95 in 1923. Stockholders ap-
proved increase in authorized capital
stock to 100000 from 3000 900 shares:
25 per cent stock dividend declared, and
81 quarterly dividend on stock to be
outstanding after above payment.
American Chicle declares extra Civi-
dend of IS cents and regular quarterly
payment of so cents on common shares.
American Glue president estimates
1928.
American Water Works & Electric
December, 1929, output up per cent;
year 1929 up 10 per cent.
Auburn Automobile earned $21.23 in
year 1929 against $l0.77 in 1928.
British Celanese denies price cut of /
shilling per pound on yarns
Brooklyn Manhattan Transit (nclud-
ing Brooklyn-Queens TranSit) Deem
Der, 1929, net $690,971, after deducting
$107, 58l D. & @. T. minority interests,
against $673,910 in December, 1928 be-
fore deduction; six months, December
81, 1929, net S3,289,509, after minority
interest deduction of 1851 ,622, against
S3.l06,l42 in same period 1928 before
deduction.
Commonwealth Edison 1929 electrical
output IL per cent above 1928.
Consolidated Gas Utilities December,
1929, balance available for reserves and
Federal taxes up 81 per cent; year 1929
up 81 per cent from 1928.
Denver & Salt Lake Railway-G. H.
Burr, banker, buys 10000 shares stock
of this company at $3.50 a share: rep
resents 40 per cent of stock outstanding.
General Electric of Germany declares
dividend of per cent for 1929, against
per cent in 1928. Unified orders Sep
TENDER 80, 1929, aggregated CSC, 1000, 900
date 1928.
A. c. Gilbert Co. earned $S.7o in year
1929, against $2.62 in 1928.
Great Atlantic & Pacific Tea Eastern
division plans no change In prices of
cigarettes at this time.
Houdaille-H Hershey earned $4.91 on
class stock in IL months to November
80, 1929.
Howe Sound earned $7.38 in year
1929, against 1914 in 1928.
International Telephone & Telegraph
syndicate reported ready to offer $75,-
000. 900 Az per cent debentures at 90.
holster Radio receivers appointed.
Nash Motors president reports deal
ers' stocks January /, 1880, to be 80
per cent below same date 1929.
New York Edison 1929 sales (includ-
ing four associated companies) up 9s
per cent over 1923.
New York, New Haven & Hartford
to issue $4.454,000 equipment trust GER
tificates, which will finance rs per cent
of $6,070,046 of new equipment.
Perryman Electric Co. sales year 1929
UP 81 per cent. Radio Tube sale 1929
totaled 1,l42,9S9, against 437,500 in
1928.
Radio Corporation of America nego-
tiating for acquisition of Cuba Trans
atlantic Radio Corporation.
Utah Copper stops night operations at
Bingham, Utah, mine.
Western Air Express president reports
large stockholders have indicated inten-
ton of exchanging shares for those of
Aero Corporation of California.