Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-22
Corporation News

NEW YORK, April 22.-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.
Earnings statements for the first
quarter were again prominent IN the
DAVIS news, with unfavorable compare
sons largely In the majority. Favorable
dividend announcements were made by
European Electric, HARRISON Walker
Refractories and Hooking Valley Rail-
road.
Crude oil output showed q further
expansion In the week OF April IL.
Early estimates place daily average pro-
duction at 2,S66,27S barrels, an increase
of 1852 barrels over the preceding
weeks average and an advance OF over
$4,000 daily barrels in two weeks,
The Companies.
Anaconda Copper Mining subsidiary,
American Brass, reduces prices TO cor:
respond to recent reduction Of price for
copper.
Barker Bros. Corporation earned So
cents on common stock in quarter TO
March 81, 1880, against SO cents In like
1929 quarter.
Barnsdall Corporation proven oil re-
serves estimated at 1l5,000,000 barrels,
primarily of high-gravity oil.
Chicago g. Alton Railroad had deficit,
after all charges, Of 1891 1886 in March
quarter, against deficit OF $237,645 In
like 1929 quarter.
Cities Service net income, before re-
serves, $48,423,519 in 1929, against
$42, 320, 688 in 1928.
Colorado Fuel & Iron earned $3.2T
on common stock in March quarter,
against $2.34 in like 1929 quarter.
Continental Can acquires stock In
terest in Metal Box g. Painting Indus
tries, Ltd, and has granted them rights
to use Continental's can making ma
chinery and equipment in 'ritish Isles.
Dome Mines, Ltd. mill $500 tons
daily capacity to be. built to Aeplace one
destroyed by fire.
Edison Bros. Stores, Inc, earned $1.70
on common stock in 1929.
European Electric declares initial
dividend of Is cents o share on class
A and B shares.
Foundation Co. stockholders to vote
on reduction of capital to $4,000 900
from $6,795, 900. Unfinished work on
books January /, 1880, amounted to
$21 10000.
Fox Film class A stockholders pro-
tective committee files suit in Supreme
Court, New York, seeking to restrain
carrying out of Halsey, Stuart Clarke
financing program. Action sought Or
der requiring the carrying out of Banc-
america Blair = Lehman Dillon Read
plan.
HARRISON Walker Refractories earned
approximately 90 cents on common
stock in March quarter, against 80
cents In like 1929 quarter. Declares
extra dividend Of IS cents and regular
quarterly payment of so cents on
common.
Hooking Valley Railway declares
special dividend of $6.25 on common
stock.
Minneapolis, st. Paul g. Saulte Ste.
Marie Railway (including Wisconsin
CentraD March deficit, after charges,
$625, 405, against deficit of $298, 344
year ago; three months deficit, 81 $685.
Ill, against 81 ,345,252.
National Air Transport special stock
holders meeting called by F. B. Rent
schiller, president of United Aircraft &
Transport Corporation, to take action
on proposed issuance of about 10000
shares OF N. A. T. stock in exchange
for control of Eastern Air Transport
subsidiary Of North American Aviation
United Aircraft & Transport files suit
asking that April 10 annual meeting
OF N. A. T. be declared null and void
and that; master be appointed to hold
new meeting.
National Grocery March quarter
sales OF 20 per cent,
Nauheim Pharmacies earned SO cents
on preferred stock in year 1929, against
81 cents In period May % to December
81, 1928.
Paramount. Famous Lasky to pro-
duce 20 foreign-language features dur
ing 1880.
Penn Mex Fuel earned II cents on
common stock in 1929, against $491
in 1928.
st. Louis-San Francisco Railway ac-
QUESTION Of Gulf Texas & Western
Railway approved by Interstate Com
merce Commission. This is first devi-
alton from the general consolidation
plan announced last December. In the
plan this road was assigned to Atchison.
Trans Lux Daylight Picture Screen
earned Is cents on common stock in
March quarter, against IL cents in like
1929 quarter
Twin City Rapid Transit earned $1.73
on common stock in March quarter,
against $1.87 in like 1929 quarter.
United States Dairy Products ac-
quires Jansen Dairy Co. of Hoboken,
N. j.
Warner Quinlan Co. earned S2.34 on
average common shares outstanding In
1879, against 1886 in 1928.