Evening star., 1931-06-18
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, June 1s.-The follow
ing is q summary Of important corpora
tion news prepared by the Standard
Statistics Co., Inc, New York, for the
Associated Press.
News Trend.
Americas exports as reported for
May by the Department Of Commerce
receded approximately 36 per cent from
| the level of q year ago to $205, ,000, 900
representing the lowest figure recorded
since October, 1914, when the volume
totaled $194, 700 900. Imports last month
amounted to 1882, ,00o, 900 against $284,-.
! 683, 900 in the corresponding period OF
1880. For the five months ending May
81, 1881, purchases amounted to 81, ,129,-
| 767, 900 against imports Of $3.50. .028, ,000
| If the assumption be made that the
volume of both imports and exports
have shrunk in equal proportions, some
contraction in the surplus of exports
now 100000 below the level of
1880 or 1929-muSt be accounted for in
messed during the past IL months.
Power output in the United States
continues below 1890 and 1929. During
the week ended June 13, there were
1881 ,220, 900 kilowatt hours produced
or 40 per cent less than the similar
week of 1890, and 5.6 per cent under
1929. Last week total output fell only
per cent from 1880, but was SIS per
cent below the corresponding week two
years ago.
The Companies.
Algoma Steel president denies report
rail mill will be shut down.
Childs Co.-Fifth unit in New York
metropolitan area placed under new
policy of 80 cents for all you can
eat"
Power of Baltimore first flve months
gross and net above year ago chiefly be-
cause of increase in domestic gas and
electric sales.
Exchange Buffet first five months
sales of 16 per cent.
Fuller Brlsh-Profits reported above
year ago, despite 912 per cent decrease
in sales for first f1ve months.
CRANKY Consolidated Mining, Smelt-
ing & Power rs cents dividend; paid so
cents May /.
Hudson g. Manhattan Railroad May
surplus after charges of 1877 per cent;
five months off 174 per cent.
Inland Utilities-Reorganization plan
declared operative; over IS per cent of
bonds deposited with Protective Com
mittee.
Kansas City Southern Railway so
cents common dividend; paid SIPS
May /.
Mack Trucks, Inc, organizes Cana
dian subsidiary.
National Tea larger earnings expected
in June quarter, despite decrease in
sales.
Oklahoma Natural Oklahoma
Governor drops action against company
under State antitrust law on COM
pany's agreeing to cut domestic gas
rates from 81 cents to so cents per 1000
cubic feet.
Perfect Circle had record May sales
81 per cent above April and 26 per cent
ahead year ago.
quarterly dividend; paid Is cents in pre-
vious quarter; directors voted to make
stock no par.
West Virginia Pulp e. Paper 40 cents
common dividend; paid so cents April / /.
American Brown Boveri Electric
stockholders approve sale of electric
assets to Allis-Chalmers Manufacturing
for 100000 cash, and $4,000 shares of
stock of latter company, change of
name to New York Shipbuilding Cor
poration, and reduction of outstanding
founders stock by S7,170 shares.
American Smelling g. Refining-Mur-
ray and East Helena Lead Smelters to
be closed for Summer months.
Anchor Post Fence, omits quarterly
stock dividend on common shares
paid 212 per cent April /.
Bethlehem Steel increases sheet
prices from 81 to IS a ton, through
revision in system Of making extras,
etc.
Delaware, Lackawanna g. Western
Railroad, New Jersey Utility Commis-
sion opposes proposed Communication
| fare increases Of IS per cent on electric
| lines, and IS per cent on steam lines.
General Gable cuts copper wire
prices "a cent a pound to 934 cents.
Hibbard, Spencer, Bartlett Co., de-
clared three monthly dividends Of 20
cents each; formerly paid Is cents.
International Utilities, reported suf-
| dcient shares deposited to assure COM
| pletion of proposed reorganization plan.
Kresge Department Stores sales since
| June show good gain.
National Bond & Share liquidatine
value May 81, 1881, $41.85 common
share, against $47.17 February %, 1881
| New York, New Haven & Hartford
| Railroad-New fast freight service de-
signed to effectively compete with motor
truck service meeting with considerable
| success.
| Submarine Boat Receivers allowed tc
remain in control of property until june
IS; lease expired June is.
Yacuuu OIL. Barneson group not Z