Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-16
Corporation News

NEW YORK, May 16.-The following
Is a summary of important corpora
ton news prepared by Standard STA
tistics Co., Inc, New York, for the As
ISOLATED Press:
News Trend.
Wholesale commodity prices moved
very irregularly in the past week. OF
the eight groups making up the Annal-
ist index, four registered increase
three were lower and one remained un-
changed. The textile index dropped to
group rose IL points, metals, IL points,
and farm products, 0.6 point. The
composite average gained 0.3 point.
Corporation news included several
dividend announcements OF outstanding
interest. Engineers Public Service in
creased its annual cash dividend TO
2.4O, formerly paid 81 cash and 4 per
cent stock. Equitable ONCE Building
placed common stock on 81 annual
Wheel declared extra dividend OF rs
cents on preferred stock. Sinclair OIL
Is reported to have completed nego-
tiations for acquisition Of Pierce Pc
troleum. Lion OIL Refining announced
purchase of controlling interest IN
Pennsylvania Oil.
The Companies.
Acme Steel March qrUter sales 20
per cent below year ego. American
Beverage earned 90 cents on common
stock in IL months to November 80,
1929, against IS cents In 10 months to
October 81, 1928.
American Public Service March quar-
ter net, before depreciation, or 81 per
cent; IL months. So per cent above year
ago.
American Locomotive received order
for three mountain-type locomotives,
weighing 3O9, 900 pounds each, from
Bangor & Aroostook.
American Wooden advances prices OF
mems Fall suitings and overcoatings q
to 10 cents yard.
Budd Wheel declares extra dividend OF
rs cents on preferred shares In ADDITION
to regular quarterly payment OF $l.!6.
Columbia Gas e. Electric contracts TO
acquire Empire Gas &c Fuel and asso-
ciated companies, serving II 600 gas Gus.
toners In and around WelleSville and
Horneu, N. Y. Consummation subject
to approval Of the New York Public
Service Commission.
Engineers Public Service declares
quarterly dividend Of 60 cents on COM
mon stock, placing issue on $2.40 annual
cent stock annually. Directors voted to
discontinue stock dividends.
Equitable, Once Building declares
quarterly dividend Of rs cents on COM
mon stock, placing issue on So annual
basis against $3.50 previously.
General Motors offers to take over
Winton Engine Co. through payment Of
126,667 common shares of stock and as
sumption Of liabilities. Winton stock
holders TO vote on proposition.
Hackensack Water per cent partic-
ipation preferred stock called for re-
demption June< at $27.50 a share.
Common stockholders of record June 3
to receive rights, subject to approval Of
New Jersey Pubic Utility Commission,
to subscribe for one additional common
share at $25 q shaa'e for each two held.
Lion Oil Refining buys controlling in
terest in Pennsylvania OIL Of Memphis,
Tenn. Operates chain Of 81 retail serv-
ice stations and four bulk terminals.
Missouri Railroad. with Allegheny
Corporation, holding slightly over SO per
cent of voting stock of this road, 1t is
reported the Van Sm,ringens are now
planning the acquisitin1 Of Western Pa
cific, thereby effecting Through line be-
tween st. Louis and tbs Coast.
National Supply a. tDelaware)
earned 40 cents ON coaumon stock In
March quarter w. e3.o3 IN 1929 period.
Scott Paper April NIT sales (esti-