Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-09
Corporation News

NEW YORK, May 9-The following is
today's summary of important corpor-
alton news prepared by Standard Sta
tistics Co., Inc, New York, for the AS
ISOLATED Press:
News Trend.
Financial and trade news of the day
is mixed. Brokers loans, as announced
by the Federal Reserve Board, declined
5000 1000 in the week of May 7. This
is the largest decline shown in any week
since last November. It represents 21.1
per cent of the advance of s946, OO0, o0C
from the low point of December "a
1929, when loans stood at S3,328, 600, 600
Total now stands at $4,074, 100000.
Wheat futures on Thursday declined
to new low levels. May wheat sold al
$1.001s. Corn, oats and rye also were
weak.
The annalist wholesale commodity
price index dropped to new low post
war point in the past week. All eight
groups of commodities, comprising the
index, with the exception of chemicals
registered declines. Sharpest decreases
were shown by the metal and textile
groups, the former falling 118 per CEN
oAANt VAC AdbICl pei CSIlts
The Companies.
American Car g. Foundry received
order for SO passenger buses from De.
troit Street Railway.
American Telephone & Telegraph
March operating income off ga pei
cent; three months income off 1913 pei
cent from year ago.
Buckeye Pipe Line April and fouI
months deliveries 5 per cent above yea
ago.
Carman & Co. earned 1897 on clas
B stock In 1929, against $500 In 1928
Celotex-New York Deputy State At
torney General orders an investigation
into market situation of stock.
Central Public Service had AZ, 00l
stockholders on March 81, against 49,,
| 865 at close of 1929.
Colonial Air Transport carried ,46l
passengers on New York-Boston service
in April, against 1918 in March.
Consolidated Retail Stores April sale
up 30.6 per cent: four months sale
1876 per cent above year ago.
Copeland Products April shipment
AZ per cent above year ago; March
quarter shipments up 40 per cent.
Darby Petroleum earned $1.13 OF
common stock in 1929, against s1.99 IL
1923.
Darby Petroleum to reduce author
lied capital stock to 100000 no-pa
shares from 1850, 900 and issue one new
share for each two outstanding.
Equitable Office Building earnet
$2.70 on common stock in fiscal year t,
April 80, against 1925 in previous fisca
year.
Exchange Buffet April sales UP O..
per cent; IL months sales 10.1 per cen
above year ago.
Adolf Gobel, Inc, earned % cents o,
common stock in 16 weeks to April 1s
1880. =
Grigsby- Grunow announce prices O.
Majestic radio sets will be slightly in
creased after June /.
Indiana Pipe Line April deliverie.
2,780,586 barrels, against 2,317,284 yeal
ago; four months 11,535,643, against
9,l12,174.
Nash Motor has increased dealer or.
CARNATIONS by 100 since March 1.
National Biscuit reported to be Of
fering 100000 shares for outstanding
stock of Pacific Coast Biscuit on basis
of 7-12 share National Biscuit for each
share Of Pacific common and lie
shares for each preferred share.
National Grocer April sales Cnclud-
ing new stores) up 63.8 per cent over
year ago.
Daniel Reeves, Inc, sales in five weeks
to May 8 up SO per cent; four months
sales per cent above year ago.
Rio Grande Oil earned 95 cents on
common stock in March quarter against
$1.02 in 1929 period
Scotch Dillon Co. earned $201 on
common stock in 1929, against $2.59 in
1928.
Southern Railway board has made ap-
preparation for the full dividends sched-
uled to be declared throughout the year
1880.
Nathan Strauss, Inc. earned SITS on
common stock in 1929, against $l.21 in
six months to December 81. 1928.
Texas Gulf Sulphur: Sulphur prod
uction in Texas in first quarter totaled
386,254 tons, against 397,527 in previous
quarter.
Thompson Products Cleveland plant
operating at 80 per cent of capacity and
Detroit plant at capacity.
United-Carr Fastener declares quar-
terly dividend of Is cents on common
stock, placing issue on 60-cent annual
basis, against $1.20 heretofore.
United States Steel acquires Morris &,
Bailey property of Oliver Iron g. Steel.
Vadsco Sales earned So cents on COM
mon stock in 1929.
Walgreen Co. to add four stores to
chain, bringing total units to 420.