Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-01
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, August 1.-The follow
ing is summary of important corpora
ton news prepared by Standard Statis-
tics Co., Inc, New York, for the Asso-
ciated Press:
News Trend.
Earnings statements continue to con-
tribute the bulk of current corporation
news. Today's batch, without excep-
ton, show lower returns than those in
like periods a year ago, tending to
verify the statement that concerns ex-
periencing relatively the poorest results
are generally tardy in reporting. Those
companies which make a distinctly poor
comparison with 1929 include Stude-
baker Corporation, Bethlehem Steel,
General Cigar and Texas Pacific Coal
& Oil. Other corporate items also are
generally unfavorable. Announcements
of omission or reduction of current divi-
dends were published by Studebaker
Corporation, Durham Hosiery Mills and
American Metal, Ltd.
Rights to subscribe to additional
stock have been offered by Segal Lock
& Hardware. Chase National Bank has
completed arrangements for the acquisi-
ton of Harris Forbes Co, largest retail
distributor Of securities.
The Companies.
American Commercial Alcohol earned
Lilo cent common share in June quar-
ter, against 81 cents; six months, As
cents, against $1.42.
American Metal, Ltd, reduces quar-
terly common dividend to 3712 cents
from IS cents. Earned 46 cents COM
mon share in June quarter, against "a
cents; six months, $l.23, against $173.
American Water Works & Electric
earned 1892 common share in wear to
June 3, against $3.43 previous year
American Zinc, Lead & Smelling
June quarter net income, before depre-
citation, depletion and taxes, S202, 233,
against 1901, 456; six months, $428,565
against $616,364
AutosaleS Corporation had deficit, be-
fore taxes, SAL SIG in first half, against
profit Of $25, $50 in 1929 half.
Barker Bros. Corporation earned $1.48
preferred share in June quarter, against
$3.50; six months. $459, against STAB.
Barnsdall Corporation earned SO
cents common share in June quarter,
against SO cents; six months, $50;
against $1S3.
Bethlehem Steel June quarter earn
ings, $l.86, against SALT; six months,
$4.46, against S721. Orders on hand
June 80 total $50, 906, 772 against $73,-
$4,000 March 81 and $50, 1929 300 year
ago. Operations currently at SIS per
cent capacity. During second quarter
average was 69.3 per cent, against 80.6
per cent in previous quarter and 1905
per cent 1929 quarter. Average billing
prices second quarter, $1.49 a ton less
than in first three months
Chase National Bank to acquire con-
troll of Harris Forbes through exchange
stock: company TO continue to operate
as separate organization.
Crown Cork 81 Seal earned $1.30
common share in June quarter. against
Sl65; six months. SLIT, against Sl.75
Durham Hosiery Mills passes 81 SO
quarterly preferred dividend due Au-
gust /.
Fairbanks, Morse g. Co untitled or
Jers June 80 were % per cent larger
than at January l.
General Cigar earned s1.52 common
share in June quarter, against $2.52;
six months, $3.50, against $404.
MscMarr Stores first half earnings
estimated Al cents common share.
McCrory Stores to erect three-story
stone building in Houston, Tex; cost,
about $450,000.
i. q OOLlSJ AiS's NAAiCAAbAJ PAc
! ducing $4,000 pairs shoes weekly;
hosiery output is at rate 100000 pairs
yearly, while bag outturn is at rate
2,200 a month.
Royal Dutch Shell to reopen refinery
in Buenos Aires. closed last year when
government withdrew license.
Segal Lock g. Hardware offers rights
to subscribe for additional stock at SIS
share in ratio one-hah new share for
each share stock held. Proceeds to
| liouidate Indebtedness incurred in &C
| curing Norwalk Lock.
| Frank G. Shattuck Co. June quarter
| earnings, 4S cents common share
against 81 cents; six months, $l.O6
| against S1.16.
| Spang Chalfant e. Co. earned &c
| cents common share in June quarter
against $1.20; six months, $l.97, against
$21S.
| Standard Oil of New Jersey BaywateI
| INCORPORATION plant starts months ex-
perimental run.
studebaker Corporation reduces quar-
terly common dividend to rs cents from
81. June quarter sales Gncludinf
Pierce-Arrow), 1885 units, asains'