Evening star., 1930-12-12
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, December 12.-The fol-
lowing Is a summary of important cor
poration news prepared by the Stand
ard Statistics Co., Inc, New York, for
the Associated Press:
News Trend.
OF especial interest in corporate news
is the purchase of the Chicago & Alton
Railroad by Baltimore 6z Ohio Railroad.
Acquisition was made at public auction
Yesterday for sum of $23,000,000 cash
plus other considerations, which brings
aggregate price to $4,000, 900. The Al
ton road has been in receivership Tor
the past eight years, during which time
q loss was shown in all but two years.
Deficit at close Of 1929 exceeded $l2,-
0O0, 900.
Adverse dividend action was taken
during the past day by Glidden Co.,
Hudsons Bay, Ltd; Arthur @. Mckee
Co. and Associated Breweries of Canada.
OF a favorable nature was announce
ment Southern Railway, which declared
dividend covering the last quarter of
1890 and 1885 against requirements for
first two 1881 quarters. international
Superpower announced q 10-cent cash
disbursement In lieu Of 2la per cent
stock dividend. Two equity receivers
have been appointed for Worth, Inc.
The Companies.
Adams Mills November sales up 80
per cent. Eleven months up IL per
cent.
Associated Breweries Of Canada de-
clares 25-cent quarterly common div
idend; paid so cents formerly.
e. Das1 haty IN
property of Chicago & Alton Railroad;
aggregate price, $73,000,000; s23,000,-
900 to be paid In cash.
Carnation Co. 1880 sales and net
ahead of 1929.
Railway. $3.50 semi-annual dividend:
paid $3.50 and 81 extra TO. ly.
Chicago, Milwaukee, st. Paul e.
Pacific Railway estimated November net
operating income off SO per cent.
Chicago Railways Protective Commit
tee for Series / Participation Certtf-
Gates to oppose revised unif1cation plan.
Denver g. Rio Grande Western Rail-
road, early Interstate Commerce Com
mission sanction OF Denver d Salt Lake
acquisition expected.
Dominion Stores November sales of
1.6 per cent. Eleven months, on 2.6
per cent.
Engineers Public Service November
electric output up IL per cent.
Federated Metals final half deficit
estimated 81 share; bonds in treasury
$450, 900 above sinking fund require
ments; holds $1,000 shares own stock.
Fuller George A., SIT 7,450,000 new
business booked in past 80 days.
Glidden Co. passed common dividend;
paid 80 cents october l.
Ry pon{Hr Too NnUeV14
Der sales off as per cent; IL months, up
4.3 per cent; November tonnage sales
up 40 per cent; II months, up los per
cent
Hudson Bay omits interim preference
and common stock dividends; paid 5
per cent and 7h per cent, respectively,
year ago.
Intercontinent Petroleum deficit be-
fore depreciation and depletion year
ended December 81, $26,481, against
deficit $28,510 In 1929 period.
International Superpower, 10 cents
cash dividend, in lieu of 2h per cent
semi-annual stock dividend.
Kansas City Public Service October
operating income of as per cent; 10
months, of 16 per cent.
Loew's, Inc, net income, according to
preliminary estimate, first IL weeks of
fiscal year to November %, 90 per cent
below 5000 per common share earned
like 1929 period.
Mckee (Arthur g. g. Co. omits Glass
B extra dividend; s7Ia cents quarterly
dividend declared.
Patterson Sargent Co. share earnings,
year ended Oct. 81, $3.4O VS. 1898.
Pines Winterfront additional autonno-
bile manufacturers considering finger
tip controlaSystem.
SoutherN Ry. declares So dividend
covering final quarter 1880: also 1885
dividend, representing surplus 1929 in
come, declared against 1891 quarterly
disbursements; 1880 earnings estimated
$4.61 common share; Mobile & Ohio.
subsidiary, declared SIS extra dividend.
Strauss tNathan) November sales up
Is per cent, IL months up 20 per cent.
Superior Oil; receiver Rogers report
shows net loss of $31 ,423 for Oklahoma
properties in August.
United States Lines port authority
defers purchase of Hoboken piers pend
ing new lease arrangements; Shipping
Board rejects bids for American Dia-
mond and American France lines. y
Western Tablet g. Stationery share
earnings, year ended October 81, $43l
vs. $6.03.
Western Union Telegraph package
delivery service agreement with New
York, Philadelphia 81 Washington Air
ways. October operating income OF
ID per cent, 10 months of 80 per cent.
Wilcox (H. F.) OIL g. Gas receivership
action hled by State of Oklahoma
against this company and two other
concerns because of alleged defiance of
oil proration order.
Worth, Inc, two equity receivers ap-