Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-03
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, August 1.-THE follow
ing Is today'S summary of important
corporation news prepared by Stand
ard Statistics Co, Inc, New York, for
the Associated Press:
News Trend.
Earnings statements continue to fea-
ture in corporation news. OF today S
usually large number only two show
larger returns than a year ago, AM
erada Corporation and Holland Fur
mace. Distinctly poor comparisons are
recorded by Crllcible Steel, Federal
Screw Works. Independent Oil d Gas,
United Aircraft g. Transport Wal
worth and Yale 81 Towne Manufacture
ing. July sales of Montgomery Ward
81 Co. fell sharply below results In
earlier months; comparison with 1928
shows decrease 81 per cent. whereas
seven months receipts were up 4.3 per
cent. Also of particular interest Is an
nouncement of passing Of control OF
the International Mercantile Marine to
Roosevelt Steamship.
The weeks bank clearings were again
sharply below year ago. decline
amounting to 28.4 per cent; but i'm
provement is shown in commercial
failures report, with total for the week
numbering 423, against 446 last week
In like period year ago 36S were re-
ported.
The Industries.
Aviation Fifty-eight major manu-
facturers produced 765 commercial and
military planes, valued at $6,475,992
without motors, in June quarter, COM
pared with $50 planes, valued at
$4,5T0, 063 in FIRST quarter. OF second
quarters output, 597 planes, valued at
So ,94l, 78l, were for commercial mar
ket, against SOL, valued at $3,lS7 1888
in initial quarter Average price OF the
commercial open-cockpit biplane In
June quarter was 1886 without motor
Excluding special custom-built ships
average price was $2,650 for standard
models. Excluding high-priced custom
built ships, open-cockpit monoplanes
averaged $4,000 to $4,000 each. Cabin
monoplanes averaged from $4,000 To
SIS 500 each.
Copper.-Second quarter consump-
ton by important domestic consuming
industries estimated at $4,000 tons
against 144,300 in 1929 period.
Fertilizers sales in June,
as measured by tax tag sales in lmpor-
tant consuming States, experienced
more than usual decline from high
level of May, and we're approximately
II per cent smaller than in June, 1929
1t is believed majority of plant food
mixers experienced larger sales volumes
during the fiscal year ended June 80
than in the preceding year, but some
price cutting was noticeable early in
the Spring and during June. With
greater costs incurred by allowing
larger volume of credit sales, 1t Is
doubtful If full years profits of COM
panies greatly exceeded poor results OF
year earlier. outlook for the coming
Asacl period is made uncertain and gem
orally unsatisfactory by the anticipated
reduction In this years farm income.
Railroad. G. G. approves advance
in freight rates on live stock to East
ern cities, effective October 15 In
crease average about 4 per cent.
The Companies.
Amerada Corporation June quarter
earnings 50 cents common share VS.. 33
cents; six months, A cents vs.. 80 cents.
Atlas Tack had deficit Of $S3,361 in
months deficit 1913 VS.. profit $74, 028
Automatic Voting Machine awarded
contract by City Of Philadelphia for SOC
machines. price $546,900.
Birtman Electric June quarter earn
ings 81 cents common share VS.. 5S
cents; 6 months, SO cents VS.. $1.09.
Borden Co. offers to acquire City
Dairy, Ltd, through share exchange;
basis, shares Borden for 8 shares
City Dairy common; preferred would
be redeemed at 1875 share.
Consolidated Gas OF New York pro-
poses reducing rate for electric current
In New York City from cents to 5
cents a kiloWatt hour. Revision would
effect saving of about $5,396,O0O an
nually for consumers.
Crosley Radio Lad deficit $300,070
in June quarter, against deficit $319.-
8a6; six months deficit $996,685,
against profit $745,780.
Crucible Steel of America earned
$2.55 common share in nrst half,
against $50 year ago.
plant on account business depression.
Fairbanks, Morse d Co. orders re-
ceived FIRST half totalAd $15,o09, 737,
against $4,000, 026 In 1929 period.
Federal Motor Truck earned 80 cents
common share in hrst half, against IS
cents year ago
Federal Screw Works June quarter
90 cents common share: six months,
$ls3.
Ford Motor, Ltd, Barcelona plant
closed because of new Spanish tariff.
Gillette Safety Razor reported ready
to acquire Auto Strop Safety Razor
through share-for- share exchange OF
! stock.
| Great Atlantic Sc Pacific Tea-Des
| Moines City Council refuses request
| for cigarette permits. Mayor states
chain stores handling cigarettes had
reduced city's revenue from this source
Holland Furnace earned $1.13 COM
mon share In hrst half, against $i.12
year ago.
! earnings So cents common share,
against SLIT: six months, $l.1o