Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-22
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, July 22.-The following
is summary of important corporation
news. prepared by the Standard Sta
tist-cs Co.. Inc New York, for the As
/ ISOLATED Press
News Trend.
Steel operations for the week ended
July 20 showed an upturn-the first in
four months-rising to shade over 81
per cent of capacity compared with
per cent two weeks ago and 57l2 per
cent at this time last year, according to
Dow, Jones & Co. This increase was
result of United States Steels gain,
as the activity of the independent COM
panies declined.
Crude Oil production dropped sharply,
| declining 1880 barrels to a daily aver
age of 2,446,800 barrels for the week
ended July Is, which compares with the
previous week's rise OF o2,150 barrels to
a daily average of 2,544.650 barrels, &C
cording to the American Petroleum In
stitute The reduction was largely due
to the sharp curtailment in the output
of Oklahoma fields. being somewhat
tempered by a. stable increase in
production by East Texas and slight
rise in California. Gasoline stocks at
refneriss declined 965000 barrels to
37.377,0 900 barrels for the week ended
July 10.
The Companies.
Bethlehem Steel operations averag-
ing about 33 per cent of capacity,
new low rate.
Briggs & Stratton June quarter COM
mon share earnings, Al cents. against
SLOT: six months, SLOT. against $2.08.
Consolidated Film Industries June
quarter common share earnings, 10
cents, against 70 cents; six months, 81
cents, against Sl.55
General Electric June quarter COM
mon share earnings, 81 cents, against So
cents; six months, rs cents, against
S101.
Hollander (A.) & Sons, Inc, common
share earnings six months ended June
80, S216, against 50 cents.
international Business Machine June
quarter common share earnings, 1882,
against S2.77, after adjustment for 3
per cent stock dividend.
Island Greek Coal-First half output
totaled 2,002 ,033 tons.
McKeesport Tin Plate common share
earnings six months ended June So
S4.23, against $500.
Perfect Circle June quarter common
share earnings, S2.27, against Sl.44; six
months, S304, against 1926.
Parks-Davis e. Co-First half sales
off 3 per cent.
Pierce-Arrow Motor Car Co.-Passed
quarterly dividend on class A stock;
paid IS cents June l.
Union Pacific Railroad June gross off
2.8 per cent; net operating income oil
23.1 per cent; SIX months off psr
cent; net operating income of 28.8 per
cent.
U. S. Leather deficit, six months
ended June 80, S666,294, against net
income s196,187, equal to $l34 COM
mon share.
U. S. Steel-Production estimated at
| SO per cent of capacity, against 81 per
cent week ago, 3212 per cent two weeks
ago and nearly "a per cent year ago.
U. S. Realty &, Improvement-Un-
filed orders of subsidiary, Fuller
George A. Co. on June 80 totaled S21,-
100000, against $3l, $4,000 December
Virginia Iron. Coal & Coke nst in
come, SIX months ended June 30, $685.
i CS1, equal to 40 cents common share,
against deficit $110,219.
Warner Bros Pictures, Inc.-Court
holds talking picture equipment OF Pa
cent type infringeS on patents embodled
in Western Electric sound system.
number OF this company's units use
/; Pscent apparatus.
Wilcox Rich Corporation first-quarter
net INCOME 1loo, -, oA HloAiVAAo' pS"o'
416
Brooklyn & Queens Transit-Prelim-
mary common share earnings year
ended June 80, $1.37, against $1.79
earned in preceding like period; June
net income off ID per cent.
Brooklyn Manhattan Transit - Pre-
liminary common share earnings year
ended June 80, $500, against $7.69
earned in preceding like period; June
net income up 1862 per cent.
Burns Bros. - Small stockholders,
charging mismanagement. file receiver
ship suit in Federal Court.
Congoleum-Nairn common share
earnings six months ended June 30,
! AZ cents, against 40 cents.
Copeland Products, Inc, July sales
reported Is per cent above year ago.
General Motors Corporation 1891 ex-
ports to date reported 25 per cent
! below same 1880 period.
| Interlake Iron--Deficit six months
ended June 80, $195, 307,, against net
income, $1,297,538, equal to IS cents
| common share.
Lambert Co.-June quarter common
share earnings, $2:95. against $2.26;
! six months. $4.77. against $500.
| Waldorf System, Inc.-Common share
earnings six months, ended June 80
1928, against S1.24.
Artloom-Deficit six months ended