Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-13
Corporation News

NOTpOTatAOA 4>CWe
NEW YORK, May 13.-The following
Is q summary Of important corporation
news prepared by Standard Statistics
Co., Inc, New York, for the Associated
Press.
News Trend:
Domestic crude oil production showed
another increase in the week ended May
10. Preliminary estimate of daily aver
age output is 2,597,4 barrels, an in
crease of 8,411 barrels over average OF
the preceding week Copper producers
yesterday made two price advances OF
one quarter cent each. Domestic quota
ton is now Is cents and export 1873
cents, C. /. T., base ports.
Corporation news consisted largely OF
earnings statements. Companies max
ing particularly unfavorable March
quarter showings included checker cab;
Chicago, Burlington g. Quincy Railroad,
New Jersey Zinc and Pittsburgh Termi-
nal Coal. Arrangements for the merg-
ing of American Solvents and Chemical,
Rossville Commercial Alcohol 81 General
Industrial Alcohol were announced COM
pleted.
Associated Laundries of America
omitted quarterly dividend of cents on
common stock due at this time.
The Companies.
Allis Chalmers Manufacturing had
$16,770.000 untitled orders on April 80
VS.. $l5,57o,000 on March 81 and $l2,-
872,676 on December 81, 1929.
American Solvents & Chemical ar
rangementS have been completed for
merger and reorganization of Rossville
Commercial Alcohol and General In
dustrial Alcohol with American Solv-
ents.
Andes Copper Mining earned $3.1l on
common stock In 1929, against $1.10 in
1928.
Associated Laundries Of America
omits quarterly common dividend of 5
cents due at this time.
Callahan Zinc-Lead had deficit of
$5,643 in March quarter (before de-
probation and depletion), against
deficit Of $25,572 in 1929 period.
Checker Cab earned $1.05 on COM
mon stock in March quarter, against
$47S in 1929 period.
Chicago, Burlington g. Quincy Rail-
road earned $3.50 on common stock in
March quarter, against $5.01 in like
1929 period.
Chile Copper earned $4.e4 on COM
mon stock in 1929, against $4.52 in
1928.
Crown Cork International earned %
cents on class B stock In 1929.
General Electric Germany A. E. G.
to acquire substantial interest in
Sachsenwerk, largest industrial enter
prise in Saxony.
Hudson g. Manhattan Railroad Citi-
zens' Union urges that city recapture
| two-track Hudson & Manhattan line
under Sixth avenue, from Ninth to
Thirty-third street, for use as link in
| new Sixth avenue line.
Imperial Tobacco Co. Of Canada.
Ltd, has made share exchange offer
to Tuckett Tobacco Co. minority stock
holders Of 80 Of its shares for Tuckett
share.
marlborough Rapid Transit requests
SAC, 100000 per cent bonds. which, 1t
estimates, will be necessary to carry
out order to purchase new cars costing
about $14,000,000 Mortgage requires
$10,500,0 900 6 per cent notes to be re-
tired before other bonds can be issued
Additional bonds would be hoated at
so, thus raising $24,o00,o00 for cars
and retirement funds.
Kroger Grocery q Baking sales D
weeks ended May OF 40 per cent;
II weeks sales "a per cent below year
ago.
48.7 per cent; months sales 1875 per
cent above year ago.
New England Power Association net
before depreciation up 80 per cent in
| IL months to March 81.
New Jersey Zinc earned IS cents on
common stock in March quarter, against
$1.03 in like 1929 period.
New Orleans Great Northern Railroad
had deficit of 1857 in 1929, against
net income Of $128,90 in 1928, equal
to $1.72 per common share.
| Noblitt-Sparks Industries untitled Or
ders totaled 81 ,912,372 on May /, against
$846,45 year ago.
Pittsburgh Terminal Coal had deficit
of $216,653 in March quarter, against
| 500, CAT In 1929 period.
Simmons Co. April sales. including
subsidiaries not owned in 1929, were 81
per cent above year ago; excluding sub
salaries, sales were OF ~ per cent.
John r. Thompson Co. April sales
of So per cent; months sales l.6
per cent below a year ago; had four
less units in operation In April, 1880.
than year ago.
United States Steel subsidiary acquires
National Metal g. Wire Products Of
Havana.