Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-25
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS.

NEW YORK, July 25.-The following
is today's summary of important corpo-
ration news, prepared by Standard Sta
tistics Co., Inc, New York, for the
Associated Press:
News Trend.
Outstanding in corpora ton news is
the reduction In quarterly dividends due
at this time by Chile Copper and Fol-
lanSbee Bros, but with the exception of
the usual flow of interim reports, which
are generally fulfilling the expected
trend, additional developments are few.
OF particular interest, however, is the
acquisition of working control In st.
Louis Southwestern by the Southern
Pacific Co. This deal has been accom-
plished through the reported purchase
of substantial amounts of preferred and
common stock from New York Investors,
Inc, with an agreement to acquire other
stocks in sufficient amounts to gain
control of the Cotton Belt. The con-
summation of this acquisition depends
now upon the approval of the Interstate
Commerce Commission.
The Companies.
American Machine & Metals had def
cit of s224,569 in six months to June
80, against net income, before taxes, OF
$67 ,094ea year ago.
Baltimore g. Ohio-Four New York
terminal concerns seek to enjoin new
trucking service.
Bowman Biltmore Hotels earned
$1.89 share on second preferred in six
months to June 80, against $4,56.
Briggs g. Stratton earned SLOT share
in June quarter. against $1.57; six
months, $2.07, against $2.7l.
e. @. Budd Manufacturing reported
negotiating for Ford contract for one
piece bodies.
Chile Copper pays quarterly divi-
dend of 62la cents; rs cents previously
paid.
listing at $565-new low price for
Chrysler products. First five months,
reports, ABB per cent of total in same
1929 period, against 41.96 per cent for
entire industry.
Commonwealth Edison subsidiary,
State Line Generating Co, plans build
ing addition to steam-operated gene
rating plant Hammond, Ind, to cost
about $3,500,000.
DIESEL Wemmer-G Gilbert Corporation
earned 20 cents share in June quarter;
81 30 in six months.
Follansbee Bros. earned Is cents pre-
ferred share in six months to June 80,
against 1882: June quarter, $3.45,
against 1880. Reduce quarterly COM
mon dividend to so cents from rs cents.
Gemmer Manufacturing in six months
to June 80 earned $l.ss class B share,
against $2.l2.
General Railway Signal dollar value
of untitled orders July /, 1913 per cent
below July /, 1929.
General Refractories reported to have
acquired interest in Northwest Mag
nestle Co.
Glidden Co. June sales of ga per
cent; eight months to June 80, rs per
cent over year ago.
Spencer Kellogg g. Sons, Inc, earned
rs cents share in SO weeks to July Z,
against $1.68 year ago.
Lambert Co. six months share earn
ings $500, against $500; June quarter,
$2.27, against $l.98.
Midland United proposes increase in
authorized common to 100000 shares
from 100000.
I. Miller g. Sons, Inc, in four months
to April 80. earned $1.36 share, against
$1.47 year go.
Motor Wheel Corporation earned AS
cents share in June quarter. against
Sass
National Cash Register reduce wages
10 per cent In Dayton, Ohio, and New
ark. N. j., plants.
National Container June quarter
earnings cents share; six months. 8
cents.
National Distillers Products Corpora
ton June quarter net OF SIS per cent:
six months, "a per cent under year ago
Pond Greek Pocahontas six months