Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-14
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

L
ing is a summary of important corpo-
ration news prepared by the Standard
Statistics Co, Inc, New York, for the
Associated Press:
News Trend.
Earnings statements make up the
bulk of the days corporate news. OF
the large number of reports published
only Standard Cap & Steel showed inn
provement in shaee earnings, compared
with 1929 period. Distinctly unfavor-
able comparisons are shown by Butte 81
Superior Mining, Checker Cab Manu-
featuring, National Enameling &
Stamping and National Tea.
The first report of July railroad earn
ings was published by Chicago & Alton.
Net operating income for the month
showed some improvement over earlier
period declining 76.5 per cent from
year ago, whereas seven months net
was down 878 per cent. Hudson Motor
Car announced reductions in prices of
the Hudson and Essex lines. Michigan
Steel has offered stockholders rights to
purchase additional stock at $42 in
ratio for 10 held.
The Companies.
Air Reduction new subsidiary Mag
nolia Airco Gas Products) formed in
Texas to take over Magnolia Gas Prod
uctS.
Altorfer Bros earned 81 cents COM
mon share in first half.
American Solvents g. Chemical had
deficit $685. in first half
Booth Fisheries earned $3.50 on 81
preferred stock in year to May 8,
against $6.49 previous year.
Butte & Superior Mining had deficit
$163,980, before depreci ton, in first
half, against profit $24,931 year ago.
Callahan Zinc & Lead had loss $24,-
033 in first half, against loss $32 809
year ago. G.
Genital Public Service to build $50
miles pipe line from Eastern Kentucky
to Indiana territory, to cost $4,000 900.
Checker Cab Manufacturing first-half
earnings $1.33 common share, against
$7.26 year ago.
Chicago & Alton Railroad July net
operating income $144,263, against
$610,666 year ago; seven months, $247,-
ass, against $2,014,721.
Ford Motor new Buffalo assembly
plant to have capacity 400 units daily;
will employ $500 men; completion ex-
pected by next year.
against subsidiary, General Seafoods,
alleging infringement patents covering
quick freezing preserving process.
Hudson Motor Car reduces Hudson
prices 500 to 1855, Essex $65 to 5000.
Lone Star Gas earned $3.50 common
share in year to May 81.
Marchant Calculating Machine earned
So cents common share in first half be-
fore taxes, against $1.65 year ago.
Michigan Steel common stockhold-
ers receive right to subscribe TO new
common stock at SAP share in ratio
of for each 10 held.
National Enameling & Stamping had
deficit of $13,542 in first half, against |
profit of $164, 1886, equal to $1.06 COM
mon share, year ago.
National Tea first half earnings rs
cents common share, against $201 year
ago.
Sinclair Consolidated Oil will retire
three-year 6 per cent first
2; total, about SIS, 400, 900; payment
from current funds.
Standard Cap g. Seal earned $1.79
common share in first half, against
81 So year ago.
Texas Power g. Light surplus, after
preferred dividends, IL months to June
80, of per cent.
Third Avenue Railway applies to
transit commission to abandon 10th
street crosstown line on ground reye-
nues will not meet operating expenses.
United States Rubber Keds plant TO
be shut down during September; about
l 500 employees affected.
Walker Mining earned IL cents COM
mon share in first half.
Warner Brothers Pictures to purchase
Coston Circuit in Chicago; has III thea.
tiers. Also acquired 5 theaters in In
diana. 5' =. .,
Belding Heminway Co. had deficit
81 1853 In first half vs.. profit before
taxes, $19l 1896, equal As cents common
share year ago.
International Telephone a. Telegraph
reduces press cable rates between United
States and Scandinavian and Baltic
countries.
Miller e. Hart, Inc, omits quarterly
preferred dividend currently due.
Cupboard motor ornits Is cents quar-
terly class A dividend currently due.
Pittsburgh 81 West Virginia Railway
Donora branch to be completed by De-
cember; cost, S1,750.000.
United States Gypsum earned $2.24
on 1,170,470 common shares in first
half VS.. $2.70 on 765,027 shares year
age.
Warner Bros Pictures, Chase Securi-
ties Corporation reported in financing
syndicate.
Western Union Telegraph reduces
press cable rate between Scandinavian
and Baltic countries and United States.
Weston Electrical Instrument first
half earnings $265 class A share VS..
81 "a, common share earning $2l5 VS..
$214.