Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-03
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW 1OESfA, April o.-1He IOllOWlIlS
is summary of important corporation
news, prepared by the Standard Sta
tistics Co.. Inc. New York, for the As
ISOLATED Press:
News Trend.
The interest attaching to the report.
a few days age. that the Chicago Bur-
lington & Quincy Railroad had acquired
large interest in Gulf. Mobile e.
Northern. with control possibly in
volved, is now increased by news of
rivalry for control from the st. Louis
terstate Commerce Commission for Bur-
lington control, or possibly for joint
control. is expected within a short time.
Brokers leans for the week dropped
S33,000.0o0, to 1875. 100000, a rela-
lively large decline, which accompanies
and undoubtedly reflects an extended
fall in stock market price levels.
The Companies.
Chicago Burlington & Quincy Rail-
road reported holding 10000 preferred
shares of Gulf, Mobile & Northern
Railroad.
Mexican light e. Power February
net, after expenses and depreciation, off
2.3 per cent; two months, up 09 per
cent.
Phillips Petroleum-First two months
net, before depreciation and amortiza-
ton, reported So per cent below 1880
period; has purchased S2.000,000 de-
bentures to meet sinking fund require
ments for 1881.
St. Louis-San Francisco Railway re-
ported holds $4,000 preferred shares Of
Gulf, Mobile g. Northern Railroad.
Zonite Products reported covered first
quarter dividend requirement of Is cents
a common share by so per cent margin.
American Machine e. Foundry 1880
common share earnings $282 against
S242 adjusted for 5-for-1 split in 1929.
Associated Breweries of Canada, Ltd,
1880 common share earnings $l.89,
against 1926
Chicago, indianapolis & Louisville
Railway.-IntSrstate Commerce Com
mission authorizes issue of $3.50, 900
first and general mortgage, series B 6
per cent bonds.
Colts Patent Fire Arms Manufactur-
ing common share earnings, year ended
January /, SO cents, against $344.
Cumberland County Power & Light
1880 preferred share earnings S23.41,
against $2195.
Kinner Airplane g. Motor Corpora
ton. Ltd, first quarter deliveries of air
plane engines up 1877 per cent.
New York, New Haven e. Hartford
Railroad.-Court dismiSses mandamuS
action against Interstate Commerce
Commission to compel commission to
consider value of its rights in terminal
facilities in valuing properties
North American Match 1880 common
share earnings Sl.13, against $500
Seaboard Air Line Railway.-Ofering
Of about 100000 receivers certificates
forecast.
Studebaker Corporation plans no mid
year model changes
United States Industrial Alcohol net
current assets said to exceed $50 a
share; fixed assets are valued at $50
a share after allowing liberal de-
probation.
Warner Aircraft Corporation first
quarter shipments up $50 per cent; in
ventory cut in past year.
West Texas Utilities 1880 preferred
share earnings $1301, against $14.80.
White Motor Co. 1890 deficit. ex-
Guiding White Motor Realty and White
Motor Security Co., was S47350l,
against net income s2,547646, equal to
$3.18 common share. in 1929.
st. Louis-San Francisco Railway ex-
pected to oppose reported petition of
control of Gulf, Mobile & Northern.
General Motors Chevrolet March
output up 10 per cent over February;
outturn Of new 1891 models to April
! in excess of 326, 900 units.
International Telephone & Tele-
lent Rumanian govern
ment to be repaid from proceeds of
new 40-year per cent bond issue.
Stinson Aircraft plans production Of
about 400 planes in 1881; had net OPP
Grating profit in first quarter on a
sales increase of 241 per cent over
year ago.