Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-12
Corporation News

NEW 1OkSAs n0aICu 4A'-4uS AOAAO"
ing is today's summary Of important
corporation news prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press.
News Trend.
LoadinRs Of revenue freight in the
week ended March totaled 899, 1S9
cars, an increase Of 70,299 cars over
the previous week, when traflc was
reduced on account of the holiday.
Compared with 1929 total was reduc-
ton of 79,102 cars; contrasted with
the like week in previous years, total
was the lowest since 1922. Coal and
coke registered the Sharpest drops COM
pared with 1929, the former declining
2s.6 per cent and the latter 25.0 per
cent.
Favorable dividend announcements
In the days news were made by Parke,
Davis & Co. and Philadelphia co.
Midland Steel declared initial dividend
on new stocks and international Prod
uctS announced payment OF So on &C"
count Of accumulations.
The Companies.
American Chicle Co. sales up per
cent In first two months Of this year.
American Telephone e. Telegraph
January operating income, $3,312, 900,
against $3,S59, 128 in 1929.
Atlas Stores currently operating 90
retail stores.
Burns Bros. to open first retail unit
In Boston, Mass, on April /, 1880.
Columbia Gas g. Electric acquisition
by public service commission; price,
Fox FiIm-William Fox files suit for
Injunction restraining II. L. Stuart and
J. e. Otterson from voting class B stock
held in escrow.
international Products declares divi-
dend of SO on account OF preferred
accommodations.
bered 54,636, against 1886 year pre-"
vious.
on common stock in 1929, against sb.21
p. Lorillard g. Co. sales of Old Gold
cigarettes in 1929 up as per cent from
Midland Steel Products declares ini-
tial quarterly dividend Of rs cents on
new common stock; also lnltlal quar-.
terly dividend of 50 on new preferred
New York Steam-SiXty- nine per
cent of common stock owned by Con-
solidated Gas and subsidiaries.
Newton Steel stockholders to vote on
increase In common stock from SOU,uOU
shares to 100000 shares,
Parke, Davis g. Co. declares extra
dividend Of 10 cents. In addition to
regular quarterly dividend OF 20 cents
on common stock. -,
Philadelphia Co. declares extra dlvl-
dend of 70, cents. in addition TO regu"
lar quarterly dividend OF 81 on common
Phillips Petroleum obtains contract
from Universal Aviation Corporation Tor
supplying mail and passenger planes
with gasoline. Contract calls for mini
mum daily delivery Of 5000 gallons:
Pittsburgh Plate Glass earned $3.50
on common stock in 1929, against 1891
in 1928.
state Commerce Commission reopenS
excess earnings recapture cases Of
above company and Manufacturers
Railway Co. Hearing set for May 5,
salt Greek Producers Association
earned S1.S3 on common stock, before
depletion, in 1929, against $2.27 In 1928.
Superior Oil earned SLOT on common
stock, before Federal taxes, IN 1879. In
1928 . loss Of $3.50, 1852 was shown.
Tidewater Associated OH on February
2s, 1880, owned els per cent OF Tide
water Oil and ETA per cent OF ASsoci-
ated Oh.
United States Freight earned $3.50 on
average common shares outstanding In
1929, against 1884 in 1928.
United States Gypsum buys freproof-
ing division Of youngstown Pressed
Steel Co.
Waco Aircraft earned rs cents on
common stock in 1929, against Sass in
1928.
Western Union Telegraph acquires
American Telegraph g. Gable at SGT
share.
Westinghouse Airbrake untitled orders
on books $50 per cent larger than at
this time q year ago.