Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-20
Corporation News

NEW YORK, May 2o.-The following
is summary of important corporation
news prepared by Standard Statistics
Co., Inc, New York, for the Associated
Press:
News Trend.
The Labor Departments index num-
Der OF wholesale commodity prices
stands at 90.7 for April, compared with
sos for March, decrease of one-tenth
Of l per cent. Compared with April
1929, the index has declined about 6.3
per cent. Farm products group gained
per cent in average prices over March
Foods were about "a of per cent above
the March level. Practically all other
groups recorded decreases. OF the $50
commodities or price series included in
the compilation increases were shown
by 103, decreases by I'll, and in 276 in
stances no change was reported.
News OF the oil industry Is unfavor-
able. Daily average domestic output OF
crude oil in the week of May II Is es-
timated at 2,611 1888 barrels, an increase
Of 14,442 barrels over previous weeks
average.
Outstanding items in the days cor
porate news are the offerings Of rights
by Du Pont de Nemours & Co. to pur-
chase additional common stock at $50
and filing of receivership suit against
Hamilton Brown Shoe. The first hall
makes q distinctly unfavorable COM
parison with year ago.
The Companies.
American Cigar April sales In
creased 9,728,000 over year ago; four
months increased 45,784,00o over 1928
period.
American Tobacco April sales LUCKY
Strike" cigarettes increased 262, 000, 600
over April, 1929.
Auto Strop Safety Razor has granted
Probak blade license to Lucky Stroke
Razor Blade Co. ,-.
Celotex Co. earned 10 cents on COM
mon stock in six months to April 80,
against S1.03 in like previous period.
Chrysler Corporation has added 825
new dealers since the first of year.
Cities Service purchased % service
stations. Of Wolverine Oil Co. o. Michi-
gan for approximately 100000.
Detroit Edison earned $10.37 on COM
mon stock in IL months to April 80
against SASS in previous fiscal year.
e. !. du Point de Nemours g. Co. COM
mon stockholders of record June 5 to be
offered right to subscribe to 357,071 ad-
ditional common shares at $50 share in
ratio of share for each 80 held. Pro-
cceds for capital expenditures.
Electric Auto Lite current production
$500 units day.
Famous Players Canadian-Canadian
labor department investigating proposed
merger with Paramount Publix.
Hamilton-B Brown Shoe receivership
filed by Continental Illinois Bank &
Trust Co. Of Chicago, a creditor, for
$500 900. Other claims are said to
total QUAR- S3 mn 000
North American first quarter con-
struction expenditures Of system
amounted to $16,7s2,382, against So
742, 900 in like 1929 period.
North American reported increasing
holdings of Capital Traction with view
to merging 1t with Washington Rail
way & Electric.
Paramount Publix will release 243
productions during year starting August
/, including IS feature-length films.
Paramount News will show 104 issues.
Pilot Radio & Tube April consolidated
sales up SAL per cent: four months 33.1
per cent above year ago.
Republic Steel has started operation
OF new stainless steel division at Masil-
lon.
Stone g. Webster, Inc, subsidiary gets
contract from Standard of New Jersey
for design and construction OF research
laboratory at Bayway refinery.