Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10
Corporation News

NEW YORK, May 10.-The follow
ing Is today's summary of important
corporation news prepared by Standard
Statistics Co.. Inc, New York, for the
Associated Press.
News Trend.
The Department of Agriculture's es-
innate of Winter wheat production,
based on condition of the crop May /,
Is SIS ,070,0 900 bushels. This Is 53,000,-
600 bushels below the actual 1929 yield,
and, with the exception of 1925, the
lowest for any years since 1917. These
figures were awaited with considerable
amount of interest, insomuch as it is
believed that the extent of the expected
recovery in business in the second half
of the year will be governed largely by
the trend of agriculture. If new crops
are of q size favorable to higher prices,
the chances of marked trade expansion
will be excellent Conversely, If yields
are sufficiently large to depress values
further, general business will be af-
fected.
Bank clearings for the week were
larger than In the like periods of either
of the two preceding years, because OF
heavy settlements in New York City.
Total at % leading cities was $12,254,-
S23, 600, or So per cent above year
ago. At New York City clearings to-
tailed SO, 708, 900 900. a gain of 8.6 per
cent over 1929, while aggregate for
principal centers outside of New YORK
was $S.546, 900, or per cent below
1929.
Department store sales by $40 stores
located in leading cities were 8 per cent
larger than in April 1929, according to
reports to the Federal Reserve System.
The increase reflected in part the late
Easter business. which was in March
year ago. Comparison of sales in
March and April, taken together so as
to include the Easter selling in both
years, shows decrease OF per cent
from 1929.
The Companies.
AddresSograph International earned
80 cents on common stock in March
quarter, against 73 cents in like 1929
period.
American Telephone & Telegraph
transatlantic telephone rate lowered by
SIS for first three minutes and IS Tor
each additional minute; effective May
II, 1880.
Chicago g. Alton Railroad April net
operating income $12,209, against $184,-.
1862 year ago; four months net $23T,-
524, against 81 ,061 ,974.
Chrysler Corporation introducing new
line of Plymouth cars; price range $3.50
to $625.
coca Cola 1nCernaLlonal earned $l'oz
on common stock in March quarter,
against so cents in like 1929 period.
Denver & Rio Grande Western Rail-
way protective committee organized to
enforce payment of the five-year back
interest on General Mortgage 5 per
cent bonds. Claims interest has been
earned and in accordance with mort
gage should have been paid.
Dominion Stores sales weeks to
May 8 up las per cent; sales II weeks
to May up 1873 per cent
George A. Fuller Co. uncompleted
contracts March 81 totaled $31 ,000,-
600. against $35 900 900 on March 81,
1929; have taken about 100000 in
new construction in past weeks.
CRANKY Consolidated Mining, Smelt-
Ing g. Power copper production In first
quarter totaled 11,001, 437 pounds,
against 14,9o4,So pounds In first quar-
ter 1929.
Hayes Body had deficit of $106,6s5,-
In March quarter.
MacMarr Stores April sales up as
per cent; four months sales 81 per
cent above year ago.
Nevada Consolidated Copper produc-
ton of copper In first quarter was
80. 899.7 1853 pounds, compared with S.
086,066 pounds In like period 1929.
Earned as cents on common stock in
March quarter. before depletion and
Federal taxes, against $i,38 In 1929
period.