Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-03
Corporation News

NEW YORK, May 3.-Following is a
summary of corporation news prepared
by Standard Statistics Co. for the As
ISOLATED Press:
There has been an increase in retail
buying Wholesale and jobbing trade
show little change. Confidence in the
longer outlook continues, but current
restraints and the problems of readjust-
ment impede the expected revival.
Bank clearings for the week ended
May l were slightly larger than in the
previous week, but below the CORE
spending week of 1929 and 1928. Total
OF $11, 422, oil 900 at % leading cities
were 85 per cent below year ago.
New York City's clearings totaled So
LOG, 600 900 or IL per cent lower, while
aggregate Of S3,316,9 oil 900 for principal
points outside New York Is 1912 below
1929 period Part Of the reduction
compared with year ago Is because
only one day Of the large month end
settlements is included. whereas last
year there were two days.
The Companies.
Aeronautical Industries 90 per cent
Of common stock deposited for share
exchange with National Aviation, liqui-
dating value of stock on April is, 1880,
was approximately $14.48 a share.
Ainsworth Manufacturing earned 80
cents on common stock in March
quarter against So in like 1929 quarter.
Barnsdall Corporation board approves
building 800-mile gasoline pipe line,
Okmulgee, Okla, to Milwaukee, Wis.
Involves expenditure $4,000 600. =
Buffalo, Niagara q Eastern Power
earned $1.01 on common stock in March
quarter against $2.47 in like 1929
period,
Butte & Superior Mining had deficit
of $87,l11 In March quarter against
deficit $l5,623 in like 1929 quarter, be-
fore depletion both periods.
California Packing earned $6,16 on
common stock in fiscal year to Feb
ruary %, 1890, against $6.3s in previous
fiscal year.
Chrysler Corporation earned cents
against So in like 1929 quarter.
Connecticut Electric Service earned
$1.05 on common stock in March
quarter against 81 .04 in like 1929 period.
Continental Diamond Fibre earned
81 cents on common stock in March
quarter against $1.o4 in like 1929
quarter.
Deere & Co. have started construc-
ton Of six new buildings; to cost about
100000.
Federal Bake Shops, Inc, earned 90
cents on common stock in March quar-
ter against 20 cents in like 1929 period.
Ford Motor, Ltd, tractor production
at Cork, ireland, plant currently at 100
units daily.
H. H. Franklin. Manufacturing retail
sales four months, 1880. were per cent
above like 1929 period and high
record. April shipments were 1853 per
cent ahead of March.
Nraak Atlantic " poniHN Tea. Offeng
store in Los Angeles, first appearance OF
company. on Pacific Coast.
Household Finance earned $1.27 on
common stock in March quarter against
S1.19 In like 1929 period.
Libby-OWens Glass to exchange 49,
600 shares OF common stock for assets
Of Edward Ford Plate Glass Cost on
this basis approximately $l3,S00,O 900.
Louisiana OIL Refining offers stock
ditional share stock at $l1 share for
each 10 held.
Louisiana Oil Refining had deficit
of $68, 79S In March quarter against
income before Federal taxeS) OF 10
cents common share in 1929 period.
Montgomery Ward & Co. sales OF
homes in first quarter alt per cent
ahead same period 1929.
National Bellas Hess April sales of
ISL per cent from year ago. HonIAS
sales off 28.6 per cent.
National Electric Power first quarter
net, before depreciation, up 8 per cent
over 1929 period; net IL months to
March 81 up II per cent.
Neisner Brothers April sales up 43.8
per cent from year ago; months sales
up 22.5 per cent.
New York, Rio g. Buenos Aires car
ried 1887 passengers In March quarter.
Paramount Publix buys Comerford
chain of SO theaters located in Penn
sylvania; price about $20,000,000.
Philadelphia g. Reading Coal and
Iron earned As cents on common stock
in March quarter, against deficit $43,-
COS In like 1929 period; In year 1929
had deficit $795.4l8, against income 2
cents q share In 1928.
Sicily Oil earned so cents on COM
mon stock in March quarter, against
LOT in like 1929 period.
Standard Oil OF New York subsid-
iary acquires Allen Lubricating OIL Co.