Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-17
Corporation News

NEW YORK, January 1.-THE fol-
lowing is today's summary of important
corporation news, prepared by Standard
Statistics Co.. Inc, New York, for the
Associated Press.
News Trend. :,
Index or wholesale commodity prices
for the week of January IA registered
a further decrease and dropped to the
lowest level in five years. Average of
all commodities stood at 1898, a de-
crease of 0.4 points from previous week
and IL points below a year ago. The
farm products group declined GA points
from a week ago, while the food prod
ucts group declined 1.9 points. New
lows were recorded for cotton goods,
yarns and silk, index for textiles prod
ucts declining to the lowest point in
five years. Fuel was the only group to
register an increase over the previous
week.
A further step toward correction Of
excess production in the copper indus
try was taken by the Anaconda Copper
Mining. Co. in the closing down Of two
more mines.
The Companies,
Anaconda Copper Mining shuts down
original and Anaconda mines.
Anglo American Oil stockholders de-
post suficient shares to assure merger
with STANDARD Oil Of New Jersey sub
sidiary. :
Consolidated Retail Stores December,
1929, sales up, 26.1 per cent; IL months
sales up l66'per cent over 1928.
Continental Insurance earned 1856
for year 1929, based on 1,942, 099 shares,
vs.. 1921 in year 1928, based on $780,
Electric Auto-Lite to supply Ford Mo-
tor Co. with all starting, and lighting
sets.
Eiy-walker Dry Goods earned 1882
in year to November 80, 1929, VS.. 1887
in previous fiscal year.
Elmer Richards Co. passes preferred
quarterly dividend Of so cents on 81
perferred stock.
Erie Railroad segregates coal proper
ties, offering stockholders rights to
shares in new company in ratio Of one
share new company at $40 for ever two
shares Of Erie common or preferred
shares held. : V. ~
Hudson g. Manhattan Railroad earned
$496 in year 1929 VS.. $4.20 in 1928.
International Mercantile Marine de-
clares initial dividend of 81 on common
stock. Indicated 1929 net income
placed at $2,4oo;oo0 VS.. $735.74S- in
1928. .c:.t ,+<sE
johnson Motor. receives order for 3d.
500 outboard motors; retail value, ST.
$4,000.
Kimberly Clark Corporation earnings
for year 1929 estimated at So VS.. $4.31
in 1923.
National Family Stores acquires Quail
ity Stores, Inc, operating three stores
in Northern New York and Connecticut.
Company's chain now numbers 70
stores.
Remington Rand extends to Novem-
Der /, 1880, rights to. purchase common
stock at SIS attached to sig per cent
debenture bonds. Privilege had expired
November !, 1929.
Sally F'rocks total sales year 1929, in
GLIDING wholesale, $4,170,795, against
50 .925, 100 in 1928. Forty stores in oper-
alton at end Of 1929, against 20 at close
Of 1923.
Sinclair Consolidated Oil merger ne
gotiations pending with Prairie OIL &
Gas Co: and Rio Grai1de Oil Co.
Spiegel May, Stern Co sales year
1929 up 18 per cent from 1928.
Standard Oil OF New Jersey, through
subsidiaries, reduces price of crude oil
In Oklahoma and Kansas from 10 to Al
cents q, barrel. s&F,, 81
United Corporation earned 40 cents
on common stock in period January z
to December 81, 1929.
United Gas extends until January 81,
1880, time for exchange of one share OF
United common for each two shares OF
Hudson Gulf Gas common stock.
Wextark Radio Stores sales year 1879
up 1873 per cent.