Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-11
Corporation News

NEW YORK, April 1.-THE follow
ing is a summary of important corpora
ton news prepared by Standard Sta
tiStics Co., Inc, New York, for the
Associated Press.
News Trend.
Trade and financial news Of the day
was mostly favorable. Brokers loans
in the week ended April Q expanded by
$4,000, 600; In the same period over
composite index of 80 common stocks
advanced about per cent. Wholesale
commodity prices registered another in
crease during the week of April 8. On
that date the Analist wholesale COM
modify price index stood at 1850, an
advance Of 0.8 points from the previous
week and IL per cent above the low
Of March 10. 1t is now 1877 points
below a year ago. OF the eight groups
comprising the index farm products,
food products and fuels advanced,
building materials and chemicals re-
manned unchanged, while textiles.
metals and miscellaneous declined. The
textile index dropped to q new low
because Of lower prices for raw silk.
worsted yarn and cotton goods. Lower
prices for lead and tin lowered the
prices caused the drop in miscel-
laneouS.
Price of Midcontinent crude oil has
been advanced 10 to 1872 cents a barrel
by Gulf Oil, Humble Oil & Refining and
Magnolia Petroleum.
The Companies.
Associated Laundries Of America
earned 81 cents on common stock in
1929.
Brill Corporation, subsidiary Ameri-
can Car & Foundry Motors, had deficit
Of $347, 444 In 1929, against deficit of
1911 ,627 in 1928.
Crosley Radio merger negotiations
with Magnavox Co. and Amrad Radio
reported approaching completion.
Fox Film two suits, one brought by
H. L. Stuart and j. Z. Otterson, the
other by Mr.. Fox, both involving the
exercising of trusteeship or voting rights
of class B stock, have been discontinued.
Freeport, Tex. opposition stockhold-
ers' committee win proxy contest against
management. New board of directors
was nominated and elected.
Gamble Robinson Co. earned SO cents
on common stock in year 1929. In
eight months to December 81, 1928,
earned $1.53.
Gulf Oil advances price of gasoline l
cent a gallon in New York State and
New England.
Indian Motor Cycle holder Of 20
shares of stock seeks appointment Of
receiver, alleging block of $4,000 shares
of stock recently admitted to trading on
the New York Stock Exchange were
fraudulently issued.
Kreuger g. Toll takes over stock Of
Swedish Match Co. and other stocks
held by Swedish-American Investment
Corporation.
Madison Square Garden earned IS
cents on common stock in nine months
to February 90, 1880, against 80 cents
in like 1929 period.
I. Miller g. Sons, Inc, earned 1892
on common stock in year 1929.
Nash Motors declares regular quar-
terly dividend on common stock, pay
able May /, 1880.
National Container earned $1.14 on
common stock in 1929.
Park & Tilford earned $4.72 on COM
mon stock in 1929, against $6.06 in
1928.
Philadelphia Co. earned $12.57 on
common stock in 1929, against 1886 in
1928.
Sinclair Consolidated Oil subsidiary
advances price Of gasoline ! cent q
gallon at all points In New York, ex-
cept Buffalo, and in New England.
Underwood Elliott Fisher earned
81 80 on common stock in quarter to
March 81, 1880, against $2.63 in like
1929 quarter.
Wells-Newton National earned $2.S8
on common stock in 1929.