Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-30
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS

NEW YORK, July 30.-The following
is summary of important corporation
news prepared by Standard Statistics
Co., Inc, New York, for the Associated
Press:
News Trend.
OF particular interest in the days
news is the earnings statement of the
United States Steel Corporation for the
June quarter and first six months of the
year. Per common share earnings for
the June quarter equaled $500. COM
pared with $344 in the initial three
months and $3.50 in the 1929 period
For the six months period per share
earnings were S6.46, against SLIP in the
1929 half. This showing, while sharply
below last years exceptional results, ex-
ceeds the returns in any other year since
| the war. The June quarter results were
about as expected and. all in all. are
generally accepted as satisfactory. Com
| mon dividend requirement was covered
| almost twice over.
The regular weekly reports from in
dustry indicate operations are continu-
| ing at low points of the past few weeks.
! In the steel industry ingot production
remains at about STU per cent of theo-
retical capacity. Freight car loadings
in the week of July 10 aggregated $685.
256 cars, an increase of 1921 over the
previous week, but still the lowest Of any
like period since 1924.
Oil statistics are again favorable.
Domestic crude output in the past week
was reduced to 2488. 700 barrels daily,
+, a decrease of 11,400 from previous
weeks average and 407,950 barrels less
than daily output in the like 1929 week.
| The Gamma mics
| Addressograph international earned
go cents common share in June quar-
| ter, against 70 cents; six months, $50,
| against $1.46.
American Telephone 81 Telegraph
| acquires 200-acre tract near Ellzaoetn,
! N. j., for laboratory.
4 Budd Wheel reported has received
| $4,000, 900 wire wheel order from Chew
California Packing 1880 opening
I prices on doZen-can lots OF fruit range
| from Is cents to 1925 below 1929 quo
| tationS.
| Charts Corporation earned $2.18 COM
| mon share in June quarter, against
| S1.84; six months, $3.49, against $3.O3.
| Colorado Fuel & Iron earned 84'cents
| common share in June quarter, against
S1.29; six months, $4.52, against $3.9S.
Condo Mast Publications earned $1.O4
|
| 90 cents; six months, $2.68, against
| $2.38. 90
Dominion Stores, Ltd, earned 80
cents common share in f1rst nall,
| against SO cents.
Eastern Rolling Mill earned Z cents
| common share before taxes) In June
quarter, against $1.06; six months, IL
! cents before taxes), against $2.l8.
Inland Steel earned $2.l9 common
share in June quarter, against $2.61;
| six months, $4.45. against $5.l!.
International Harvester order from
Soviet Ruslia is for $4,000 tractors, val
ued 100000
International Business Machines
| earned $291 common share IN june
quarter, against $2.55; six months, 1918,
against $5.05.
holster Radio reorganization plan pro-
| vides for conveyance Of all properties
| including patents and assets Of sub
salaries to new company. Holders OF
| old common stock would receive one
| share stock new company for each three
| old shares, plus right to buy new stock
| at $1O50 for each new share held. Pro-
posed that for debt to Spreckles & Died
rich and preferred shares in their
names, 100000 shares common stocl
| be issued.
Keisey-Hayes Wheel earned 1920
common share in first half, against
$245.
Lion Oil Refining earned cents COM
mon share in June quarter. against
81 90; six months, Z cents. against 81 86
Midland Steel Products buys all pat
ent rights covering airbrakes and start
ers for automobiles and airplanes held
by Niels A. Christensen, inventor.
Moon Motor Car-Circuit Court per-
manently enioins old officers from in
terfering with operations of firm.
National Cash Register earned SIS
| cents class A share in June quarter
against SPIT: six months, $1.42, against
$3.50.
Newton Steel earned cent common
share in June quarter, against 1921 ;
six months, "a cents, against $5.77.
Panhandle Producing g. Refining had
deficit $73, 1853 in June quarter. against
profit $66, 537; six months, deficit, $780,
542, against 500 Asst.
Purity Bakeries had 331 Cushman
stores as of July IL, 1880.
Southern Railway Co. first half earn
ings estimated at So cents common
share, against $574 in 1929.
Southwest Gas Utilities earned 95
cents common share in first five
months against $1.34.
Spicer Manufacturing earned 80 cents
common share in June quarter, against
So: six months, rs cents, against 1892.
Superheater Co. earned SAT COM
Third Avenue Railway had deficit
$199, ago in year to June 80, against
1886, 1913 in previous year.
Transue & Williams Steel Forging
current operations near capacity; or