Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-05
Corporation News

NEW YORK, April 5.-The following
Is today'S summary of important COR
poration news, prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Mercantile reviews of the week point
out that some phases of the commercial
situation have taken on a more def
lnltely encouraging aspect. Indications
OF betterment are both more numerous
and distinct. Expectations, however,
are tempered by existing restraints, and
only a gradual revival Is looked for
Wholesale and jobbing lines continue to
show moderate improvement, while the
retail trade has been affected by the
irregular weather and the later Easter
season.
Bank clearings in % leading cities of
the country for the six days ended April
3 totaled $12,799799, 900, or 81 per cent
below the corresponding week a year
ago. which included holiday. At New
York City clearings were SO 295 ,000, 900,
or only .02 per cent under the total for
the 5 days year ago. For the princi-
pal centers outside of New York the
total is $3,504, 799, 900, reduction of
go per cent. The sharp contrast in the
declines shown by New York clearings
| and these outside of New York can be
traced to the increased stock market
activity of the past week. Compared
with 1929, transactions were about Is
per cent larger.
Prominent in the corporation news
of the day were the announcements of
merger negotiations by Melville Shoe,
Warner Bros Picture, Libbey- Owens
Glass and United Fruit.
The Companies.
-I;.,;-l
of IS cents on common stock in addi-
ton to regular quarterly dividend of
35 cents.
Aluminium Co. of America-Federal
Trade Commission dismissed its COM
plant against Aluminium Co. of Amer
lea, charged with violation OF Clayton
act.
Botany Consolidated Mills had deficit
of $2.764,983 in 1929, against deficit
of ST, 459 1923 In 1928.
Columbia Gas & Electric to separate
oil and gasoline properties constituting
industrial operation of subsidiaries by
creation of new company, to which Co
lumbia Gas & Electric would transfer
all stock and indebtedness held by 1t
in each of these subsidiaries. Common
stock of new corporation would be
placed in 10-year voting trust certifi-
Gates which would be distributed to
present common stockholders of Co
lumbia Gas g. Electric in ratio of one
voting trust certificate for each five
common shares held. New company to
issue to Columbia Gas & Electric, IN
addition to common stock, 337 500
shares of Sc first preferred and 1897 500
issues cumulative.
Dominion Stores sales four weeks
ended March % up 80 per cent from
year ago; IL weeks sales up 3.8 per
cent.
from Fordson plant in Cork, ireland, IN
first two months of 1880; 1875 were
shipped to New York.
Ford Motor of Barcelona, controlled
! by Ford Motor, Ltd, declared dividend
of 10 per cent on capital stock. Front
for 1929 totaled 4,859179 pesetas.
General Motors Chevrolet to intro
duce special sedan priced at $725.
Gibson Art earned SAP on common
stock in fiscal year to February 20, 1880,
against So "a in like previous fiscal year.
Grand Union sales ID weeks ended
March 30 up 17.6 per cent.
F. g. M. Grand March sales on 81
per cent from year ago; three months
sales UP per cent.
F. g. w. Grand-Silver March sales OF
3.5 per cent from year ago; 3 months
sales up "a per cent.
Isaac Silver & Bros. March sales up
as per cent from year ago; months
sales up 14.9 per cent.
Island Greek Coal March output APP
proximately 365, 900 tons, compared with
414,352 tons in February and with
462, TAO tons in March, 1929.
Libbey-Owens Glass reported planning
merger with Thatcher Manufacturing.
Melville shoe negotiating for acqui-
sition Of Travellers Shoe Stores Corpora
ton.
Nevada Consolidated Conner earned
So. go on common stock IN 1929, against
1913 in 1928.
David Fender Grocery March sales
up liz per cent from a year ago; 3
months sales up SIS per cent.
Pierce Arrow Motor Car sales to dis
tributors in first quarter Of this year to-
tailed 2,244 passenger cars, an increase
OF 26 per cent over sales in same period
Of 1929.