Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-25
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

BY the Associated Press.
NEW YORK, February 25.-The fol-
lowing is a summary OF important cor
poration news prepared by the Standard
Statistics Co., Inc, New York, fDr the
Associated Press.
News Trend.
A slight improvement in the number
OF freight car loadings has been reported
for the week ended February IA. The
total, which increased 1886 from the
previous week to 100, $50 is still 172,45l
under the aggregate report in the cor
responding week of 1880 and represents
reduction of 1868 from the similar
period in 1929. Last week car loadings
decreased only 228.
The first II roads to report net oper-
ating income for the month Of Janu-
airy shows a drop of approximately 43
per cent from the like month of 1880
The combined net operating income
amounting to about 81, 10000 compares
with last years figure of $12,838, 900.
Although this initial report shows a
sharp reduction, it is not likely that the
addition of a large number of reports
VIII reveal such a poor composite show
ing.
Dividend announcements in today's
news are generally unfavorable Among
the numerous companies that have
! omitted, passed, Or reduced regular dis
trtbuttonS are: Lane Bryant Backstay
Welt, Interlake Iron, JohanSen Brothers
Shoe, South Penn OIL Foote-Burt Co.
and Cutler Hammer. Capital Admins
tration restored it's previously passed
preferred dividend and declared a regu-
lar quarterly distribution.
Grigsby-Grunow stockholders of rec
ord March IL, 1881, to receive right to
subscribe to new 100000 issue of 6
per cent bonds at 971a in ratio of 500
principal amount of bonds for each
four shares held.
Hayes Body Corporation 1880 deficit
1852 SOC against $245,04 in 1929.
Hazeltine Corporation wins suit
against United Bosch Magnetic, charg-
ing infringement OF Hazeltine plate cir
cult naturalization patent.
1nterlake Iron cuts quarterly dividend
to Is cents from 25 cents.
Johansen Bros. Shoe Co. omits quar-
terly common dividend; last payment,
3712 cents, December /.
Kansas City Power e. Light January
net income up 1872 per cent; IL months,
up 20 per cent.
Lane Bryant declares IS cents quar-
terly common dividend; paid so cents
previously.
Lehigh Valley Railroad January net
operating income off So per cent.
Maine Central Railroad January sur
plus, after charges, $3,847. against
$1278l0.
McKeSson e. Robbins. - Patent de-
partment rules Centaur Co. is entitled
to registration of name "Castoria."
Minneapolis, st. Paul 81 Sault Ste.
Marie, including Wisconsin Central
January deficit, after charges, $762, 1872,
against $778,058.
Minneapolis & st. Louis Railroad
January net operating deficit, 46,O45,
against deficit $83,566.
Motor Wheel Corporation 1890 com
mon share earnings, $1.16, against S4.22.
Anchor Cap Corp. 1880, common share
earnings, 1882 against S4.02.
Backstay Welt cut quarterly common
dividend In half with declaration of %
cents per share.
Boston d Albany Railroad deficit. -
months ended December 81, S2,285' 494
against net income 81 ,191 ,6O2.
BourJols, Inc, 1880 common share
earnings, $1.34 against $I.26
Buckeye Pipe Line 1890 common
snare earnings, $5.67 against $5.77.
,;Capltal administration declares back
uIVioeno OF rs cents and regular quar-
share. 1eO
chesapeake Corp. 1880 common earn
lngs, SAB against $2.6l; breakup value
OF stock. based on February 81 closing
prices, was $61.28 a share.
Claude Neon Electrical Products 1880
common share earnings. S2.72 against
1898.
Columbia Gas & Electric 1880 annual
report indicates that loans to Columbia
Oil q Gasoline aggregate $28,627, $50;
SUBSIDIARY, Cincinnati Gas 81 Electric
main plant tied in with Louisville Gas
85 Electric plant.
Columbia Picture Corp. to add ex-
ira features to curernt production pro-
gram.
Coon, w. B., 1880, common share earn
ingS, 80 cents against $3.72
Cutler Hammer omitS dividend; paid
80 cents December IS, 1880.
Drug, Inc, had $4,000 stockholders
February 20, an increase of 10000 since
end of 1929.
Eastern Manufacturing Co., 1880 COM
mon share earnings, 81 .05 against 1919.