Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
CORPORATION
REPORTS
TRENDS AND PROSPECTS or
LEADING ORGANIZATIONS.

NEW YORK, July 18.-The following
is summary Of important corporation
news prepared by the Standard Stats
ties Co., Inc, New York, for the Asso-
ciated Press:
News Trend.
America had favorable balance of
trade of $1I ,000.0 in June as exports
sl76,OOO,00 The favorable trade bal
ance for May was $4,000, 900 and for
June, 1880. $47,35S,00 Cotton exports
during June were 5000 bales, COM
pared with $4,000 bales In May and
1875, 900 bales In June, 1880, which the
Commerce Department reports is the
fifth month when these exports showed
an increase over the corresponding
month Of 1880.
The Industries.
Railroads.. c. C. prescribes new
basis of rates on live stock shipments
in Western districts which embody a
complete revision of tariffs, many Of
which are lower.
Retail trade-Minnesota law prohibit
ing the sale of drugs without licensed
pharmacist upheld by the State Su-
preme Court.
Utilities-Illinois Commerce Com
mission rules rates on natural gas must
be reduced substantially il its is to
replace artificial gas; orders new rates
scheduled for mixed gas to be filed.
The Companies.
Baltimore & Ohio Railroad-Acuuisi-
ton of Chicago g. Alton Railroad
through Alton Railroad, new company
sanctioned by T. C. c.; Bethlehem Steel
receives order for 400 mine cars from
Consolidation Coal Co.
Celotex Co.-Operations showing
profit chiefly because of operating econ
omies.
cerro de Pasco Copper Corporation
smelter. leaving only one of three fur
naces at plant in operation. Company
Is out OF the market as it does not care
TO sell at present price.
Midland Steel products June quarter
net earnings before profit sharing ex-
pense. $431 ,653, against net before Fed
eral taxes, $563,023.
Pressed Steel Car Co. receives order
for 400 tunnel car underframes.
Sutherland Paper common share
earnings. 6 months to June 80, "a cents
against so cents.
Symington Co. June quarter deficit.
$33,577 against net income, $lll.l51.
equal to cents a common share: 6
months deficit, $170.949, against net in
come $276, 500, equal to 26 cents a COM
mon share in 1880.
American Telephone & Telegraph-
Terms for installment purchases bv
public modified to $40 a share monthly
from 500.
Bohn Aluminium & Brass June quar-
ter common share earnings. $l39.
. 70 Ref -
against $l95
Curtis Publishing-Canadia govern
ment revises magazine import duties
periodicals with less than 20 per cent
advertising, duty, free; from 90 to 80
per cent, duty to be cents copy:
above 80 per cent. S cents a COPY !;
all-flction magazines with little adver-
Using Is cents pound.
Empire Steel.-No definite action
taken toward abandonment of read
justment plan announced In March,
1881.
Escabana Paper. 1880 preferred share
earnings. 1898, against S20.96.
Fyre-Fyter Co. June quarter class A
share earnings So cents against s2.O5:
months, As cents against S284.
Liquid Carbonic Corporation-Ten-
year contracts with Dry Ice Corporation
entered into in 1923 terminated as of
July /. Has accepted a license under
the patents Of Dry Ice.
Prudential Investors (Delaware)-Net
asset value June 30, $13.74 a common
share, against $l3.46 December 81, 1880
Southern Pacific Co. - Agreement
reached between company, Texas g.
Pacific Railway and New orleans Pub
lie Belt Railroad for use of proposed
new bridge across Mississippi River at
New Orleans.
Allen Industries-June quarter pre-
ferred share earnings, $l.18, against
s4.15: six months, So cents, against
$796.
American Chain subsidiary. Page
Steel & Wire. awarded s6.250 900 con-
tract for special steel wire for Golden
Gate Bridge, San Francisco. About one
year required to fill this order.
Hudson g. Manhattan Railroad-June
quarter common share earnings, $l.Ol.
against $l.24; six months, $500, against
$3.50.
Johns Manville-June quarter COM
mon share earnings, 78 cents, against
Sis; six months, 81 cents, against
$l97.
New England Telephone 81 telegraph
May gross off IL per cent; net after
taxes up 1917 per cent; after taxes up
80 per cert.
0HeH Union OIL subsidiary advances
Chicago service station gasoline price
y cent gallon to 9 cents
Baldwin Locomotive Works-BaIdwin
Locomotive Securities Corporation. new
subsidiary, formed to deal in securities.
locomotives and other products of par
ent company.
Golden State Co, Ltd-Purchase offer
Tor company withdrawn by National
Products; action said to be taken be-
cause of opposition of Golden State
stockholders to terms of proposal.
Kansas City Southern Railway June
gross Including Texarkana & Fort
Smith Railway of 279 per cent. net
on 28.8 per cent: six months gross off
23.8 per cent, net off 20.5 per cent.
National Dairy withdraws purchase
offer for Golden State Co.; action said
10 be taken because of opposition of
Golden State stockholders to proposal
terms
Rhode Island Public Service Co. sub
sldiary. Narragansett Electric Co., filed
new rate schedule with Rhode Island
Commission with nearly so per cent re-
auction in commercial heating and
cooking rate, effective August 20.
EARNINGS REPORTED.