Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-29
Corporation News

NEW YORK, May 29.-The following
is q summary Of important corporation
news, prepared by Standard Statistics
Co., Inc, New York. for the Associated
Press:
News Trend.
The Department Of Agriculture price
index OF leading agricultural comrnodi.
ties indicates that prices on May IS
were Of the lowest level for the month
since 1921. Potatoes, apples and cotton
seed were the only commodities to show
gain IN unit value over April IS fig
ures. Largest losses from preceding
month were shown by poultry and poul-
try products, grains, meat animals and
dairy products.
Unfavorable railroad earnings state
ments for April are again prominent in
the days corporation news.
The Companies.
American Brown Boveri Electric un.
nlled orders New York shipbuilding cur
rently about S60,000,000.
American Radio & Television Stores
to reduce chain to 10 stores by July /;
now operating %.
Atchison. Topeka 81 Santa re Rail
way April net operating income of 7A.2
per cent; four months, 50 per cent be-
low year ago.
Atlantic Refining advances price OF
gasoline ! cent o gallon In Pennsylva-
MIA and Delaware.
The Canadian Pacific Railway April
net, after taxes on, ~ per cent; four
months, down 30 per cent from year
chicago, Burlington q quincy Rail
road April net operating income on 7.8
per cent; four months, 2S.7 per cent be-
City Stores earned Il cents on COM
mon stock In quarter to April 80, against
29 cents in 1929 period.
Copeland Products orders received
in first three weeks Of May 1875 per cent
larger than those received full Month
Of May, 1929.
Curtis Publishing advertising book
ings second half 1890 running slightly
higher than at this time year ago.
Eitington-Schild 90. passes current
quarterly dividend on preferred stock.
Ferry Gap & Set Screw passes quar-
terly dividend Of so cents due ct this
time.
Great Western Sugar declared divi-
dend OF 35 cents on common stock; last
payment 10 cents, made April q.
Grigsby Grunow orders for over l.
100000 refrigerator units reported re-
ceived by Majestic Household utilities.
Lehigh & Wilkes-Barrie Coal. Court
reduces assessed valuation Of land hold
ings In Wilkes-Barre to $12,902,534,
against 1885, 500 formerly.
Mapes Consolidated Manufacturing
declared extra dividend Of IS cents and
regular quarterly payment Of rs cents
on common stock.
Mcintyre Porcupine Mines, Ltd,
earned $2.27 on common stock in year
to March 81, against $l.o4 in previous
year.
Metropolitan Edison declares initial
dividend Of 81 on new common shares.
Packard Motor has provided reserves
to take care Of price reduction Of $500
on eight line. Factory and dealer
stocks currently total 5000, same as
last year; field stocks slightly below
1929 figure.
Pacific Commercial earned $2.s5 on
common stock In 1929, against 1891 In
1928.
Paragon Refining assets, except cash |
and accounts receivable, and Holdings |
Valvoljne common stock purchased by |
Union Trust of Pittsburgh for $1o,-
100000.
J. G. Penney Co. sales first 20 days |
OF May equal to Same period year ago. |
$50, United Cigar Store sales four months
up 10 per cent over year ago. Company /
protected against loss in Autostrop |
Safety Razor suit against Gillette.
United Railways & Electric of Balti- |
more April balance, after income bond |
interest, up SO per cent: four months,
81 per cent above year ago.
Western Sugar Refining arranges for |
refining Of Philippine raw sugar in
Eastern refineries on toll basis to supply |
sales in Middle West.
Worthington Pump & Machinery de-
clares back dividends of $1.75 on A and
$3.50 on B preferreds, in addition to
regular payments.
Youngstown Sheet & Tube Depart
ment of Justice investigation of merger
fails to disclose violation of Clayton
act. H