Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-26
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW LOEbhs July Gu.-FUilOWlIlR is
today's summary of important corpora
ton news prepared by Standard Stats
tics Co, Inc, New York, for the Asso-
ciated Press:
News Trend.
Additional corporations that have
shown expansion III earnings during
the first half of 1880 are still in the
minority, but warrant recognition.
Among the leaders are Corn Products
Refining, Warren Foundry &c Pipe,
Curtis Publishing, Chicago Great West
ern, Auto Strop Safety Razor, Mont
CHAN Manufacturing Co, Melville Shoe,
Industrial Rayon and Caterpillar Trac-
tor. The last-named company has de-
clared an extra common dividend.
To date there have been few unfavor-
able reports issuing from the oil indus
try. However, one of the Texas fields
has opened up to nearly maximum pro-
duction, resulting in an increase of
about $4,000 barrels daily from that
field. On July 30 the Texas Railroad
Commission will hold general hearing
on the subject Failure TO restore pro-
duction to the basis formerly agreed
upon may be followed by cut in crude
prices throughout this field. Midconti-
nent Petroleum Corporation has notified
the Federal Trade Commission and
withdrawal from the code of oil-mar-
keting practices, which makes 1t appear
that the entire agreement may be
jeopardiZed.
The Industries.
Oil-Darst Creek field, Texas prora-
ton reported temporarily discontinued,
with all wells open and producing an
apparent minimum of $4,000 barrels q
followed granting of temporary injunc-
ton on application of Houston operator
to restrain Texas Railroad Commission
from enforcing proration order, alleg-
ing drainage through failure of LouiSi-
ana Oil Refining Corporation to stay
within its quota from the field. Other
interests involved are Texas Corpora
ton, Standard Oil of New York, Hum
BILE Oil g. Refining, Gulf, Magnolia &
in four Pennsylvania counties agree to
curtail production 80 per cent
Railroads Interstate Commerce
Commission announced the reopening
of California deciduous fruit rate case.
Commission also orders grain rates re-
duced from territory west of Mississippi
River to all ports and from Lake Erie
ports to Atlantic ports, effective Oc-
tober l, 1880.
The Companies.
American Hard Rubber pays 81 share
quarterly against $3.50 previously paid.
Auto Strop Safety Razor earned $1.55
class 'B" share in June quarter,
against 43 cents; six months, $2.66
against S103.
Baldwin Locomotive six months
share earnings to June 80, $1.3l.
Bethlehem Steel lets contract involv-
ing about $I0,0O0,OO0 for replacing
large number of units at Lackawanna,
N. Y, by Products Plants.
Caterpillar Tractor pays common eX-
ira of rs cents share and rs cents
regular.
Chicago g. Eastern Illinois Railway
Co. had net operating deficit, $446,17
against net. $682, 222.
Chicago Great Western Railroad had
net income, $95,674 in June quarter,
1882 against deficit, $117,O63.
Corn Products Refining in June
quarter earned $1.21 share against
$l.18; six months, $2.28 against 1886.
Delaware, Lackawanna e. Western
net operating income June down &c
per cent; first half, off SO per cent.
Florida East Coast Railway Co. had
net operating deficit in June of $342,-
$50, against deficit $l04.58l year ago:
544.637 against $2,351, ass.
Gabriel Co. had net loss $50. sos in
June quarter against loss $47,l64; six
months loss. $87,297 against loss $73,-
842.
General Bronze gets 100000 contract
for work on new Brooklyn Technical
High School, N. Y.
Houdaille- Hersey Corporation, earned
81 cents, class B share in June quarter
against $3.15; six month, 25 cents
against $4.05.
Industrial Rayon, June quarter share
earnings, $2.70 against $I.5T; six
months, $3.50 against $3.47.
International Silver had deficit $154,-
664 In June quarter against net $685.
622; six months net. $13,463 against
1852. AZ. -. ~