Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13

clares regular 81 quarterly common
dividend; subsequent payments to be
made Serni-annually
Delaware & Hudson Co.-Slight fall
ing off reported in market value of in
vestmsnts; about per cent invested in
bonds of cornpany's railroad afflliates.
Philadelphia & Reading Coal g. Iron
cash about 100000 May l, no bank
loans.
Shell Union Oil subsidiary receives
So, 260, 100 Navy contract for fuel oil Of
domestic production.
Federal Bake Shops March quarter
common share earnings 20 cents against
20 cents.
Hall Cw. F. Printing completes nego-
tiationS for acquisition of art color
printing for S2,700,000.
Sweets Co. of America, common share
earnings, four months to April 80, SO
cents VS.. 26 cents.
Pennsylvania Railroad to advance
$4,000 toward plan to establish new
transatlantic steamship service out of
Philadelphia.
Sinclair Consolidated Oil subsidiary
posts new oil prices for East Texas field,
ranging from 43 cents a barrel to 81
cents, gravity from 20 to 40.
Baltimore e. Ohio RaiIroad-Point
lost in acquisition proceedings by stock
holders Protective Ccmmlttee of Chi
cago d Alton Railroad when commission
refused them permission to adduce testi-
mony in hearing on acquisition which
was designed to investigate dealings be-
tween bankers and aBltimore g. Ohio
prior to courts approval of receivership
sale.
Graham Paige Motor Car current
operations so per cent above April
working on 5-day schedule.
Tny,o Ra1I 1trahor MorcI1 daR-
cit $700,446, against deficit $685. In
1880.
Wisconsin Central Railway 1880
deficit $2,287,37o, against $159,740 in
1929.
Mackay companies March gross ope-
rating revenues from land lines of
postal telegrsp h-cables, as reported to
Interstate Commerce Commission off
81 per cent, net operating income off
SO per cent; months gross off 81 per
cent; 3 months net operating deficit
S206, 349, against deficit $307,I66.
Montgomery Ward first four months
dollar sales of 1875 per cent; total
physical volume Of current years sales
to present approximate year ago; re-
tail stores expected TO account for sc
per cent of total 1881 sales against SIS
per cent in 1880; cash position stronger.
United States Steel ingot production
week ended May IL estimated 48 per
cent of capacity against 40 per cent
preceding week, SO per cent two weeks
ago, 80 per cent like 1880 week and
capacity two years ago.
Standard OIL Of New York cuts tank
car gasoline price II cent on North At
lantic seaboard.
Peoples Light g. Power class A share
earnings, IL months 20 March 81, based
on average number Of shares outstand-
ing, 1924, against $4.16.
The Industries.
Automobiles-Total May production
now estimated at $4,000 units, accord
ing to the Iron Age, against 348,8o8
in April; June output expected to be
lower.
Newsprint-April newsprint produc-
ton by Canadian mills was 205,83e
tons, against zoos in March and
28048 in April, 1890; production in
April by United States mills was l02 $50
tons against 100,590 in March and
! 109 967 in April $780, total April pro-
duction in North America was 332 ,469
| tens, against 312 ,693 in March and $685.
OFT in April, 1880; four months pro-
duction OF newsprint in United States
and Canada was 1926 tons, lowest
of any similar period since 1925, against
1872 ,5s8 like period 1880 and l,3ol,-
| 2S4 in 1929.
Oil-Daily average crude oil output,
week ended May 9, was 2,466,700 bar
rels, 6,400 barrels under preceding
week and 126,450 barrels less than like
| 1880 week, according to the American
Petroleum Institute. East Texas aver
age dropped 70,85o barrels below week
| before, Oklahoma average rose $4,000
and California average rose II 800 bar
rcls. Gasoline stocks at week end rose
| to 45,8l0, 900 barrels from 45,6l3, 600
week before and gas and fuel OIL STOCKS
rose to l28,l28000 from 127,637 900
barrels; refineries operated during week
at 65.l per cent of capacity, against
67.2 per cent preceding week.
Railroads. car loadings, week
ended May 2, totaled 1921 cars 49,
| ole over preceding week, but 1888
below like 1890 week and 276,644 cars
| under 1928 week; miscellaneous freight
! and grain were only freight classical