Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-16
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, July 16.-The following
is summary of important corporation
news prepared by the Standard Sta
tistics Co., Inc, New York, for the
Associated Press.
News Trend.
The value of permits for building
purposes in June was 1885, 67. a de-
cline of 274 per cent from May and
40.5 per cent below June, 1880, accord
ing to Bradstreet's. New York City
! which usually accounts for about 28
per cent of the total for the United
States, shower the greatest reduction,
June permits dropping 81 per cent be-
low May and 27.8 per cent below June
| 1880.
The Companies.
Allegheny Corporation passed quar-
terly class A preferred dividend; paid
$1.37 May l, 1881.
Canada Dry Ginger Ale June quar-
ter common share earning, $3.50 vs.
| 81 %; 8 months, $261 VS.. $4.64.
Checker Cab Manufacturing June
quarter common share earnings, 16
cents VS.. % cents; months. Is cents
VS. $133
Hollinger Consolidated Gold Mines,
Ltd, June quarter common share earn
ings, IL cents vs. "a cents; months
81 cents VS.. 46 cents.
Motor Products June quarter COM
mon share earnings, "a cents VS.. 81 SO;
months, $13l VS.. $3.05.
Paramount Public Corporation June
quarter common share earnings esti-
mated at 10 cents VS.. $1.21; 6 months
estimated at $l.82 VS.. $2.98.
Safeway Stores-Under plan for ac-
QUESTION of MacMarr Stores, Inc, each
share Mac MARI per cent preferred
to receive seven-tenths share of Safe
way per cent preferred and three
tenths share of Safeway common: each
share of MacMarr common would re-
ceive two-elevenths share Of Safeway
common.
Thermoid Co.-Second quarter sales
up IS per cent; April and May operat-
ing profit totaled $59,101. June expected
to have made satisfactory showing.
Zonite Products June quarter COM
mon share earnings. 26 cents VS.. 80
cents; months. IS cents vs. 65 cents
Northern States Power gross, IL
months ended May 81. up l.8 per cent,
net after taxes. up 05 per cent.
Oklahoma Natural Gas-Gross IL
/ IIOIlJI1S eIlQeQ May S1 OH 81 per cent,
net. after taxes, off 1913 per cent.
Philadelphia Co.-Gross IL months
ended May 81 of SIS per cent; net, after
taxes, off 43 per cent
American Home ProductS-Purchase
price for John Wyeth a. Bro. reported
we'll under $4000,000, payment being
made chiefly from cash and necessi-
] tating only small amount of borrowing
American Vitrif1ed Products omits
quarterly preferred dividend; paid SITS
May /. 1881.
Automatic Voting Machine-5o cents
preferred dividend: paid so cents quar-
terly dividend January 2, 1880.
Baltimore & Ohio Railroad-Author-
ity sought for officers to act as officials
Of Alton Railroad.
marlborough Rapid Transit-Court
of Appeals upholds 5 cents subway end
elevated fare charged by companies:
decided New York Transit Commission
lacked authority 10 grant higher fare
until contract expired in 1885 and en-
Joined company from seeking increase.
Kimberly Clark Corporation - june
quarter common share earnings 51.01,
against $l.67; six months $l.98, aga!ns:
$3O6.
Kinney C. r. co.-Denclt six
months to June 80, $221,0l8, against
deficit $206.519.
ShaWmut ASSOCIATION - LiQulQ2Cln&
value June 30 1881, $l9.79 common
share. against 1888 December 81, 1890
Southwestern Bel Telephone--March
quarter preferred share earnings $20.23
! against $20.18.
Standard Gas 81 Electric-Gross IL
months ended May 81 of 81 per cent;
net after taxes, of "a per cent.
! Underwood Elliott Fisher-June quar-
ter common share earnings 49 cents
against $1.33; six months sl.44, against
, 1922.
Community Power 81 Lish.--Ne'
available for depreciation, interest
taxes. etc, IL months to June 80
\ 81. 960,134 against $2.33S,3 1852.
Mcintyre Porcupine Mines - june
quarter net, before depreciation, $46l, )
All, against $484,035.
| Mckee arthur g. g. Co.-Jun'
quarter common share earnings $2.05
against 1886; six months $4.09, agains'
$347.
A formal statement said that 1t i
proposed that latter a payment Of 81 5;
! q share by the Calumet & Arizona Min
ing Co. to its stockholders, the proper
| ties and assets of the Calu ret & Ari
IONA Mining Co. be merged with thu
Phelps Dodge Corporation, upon pay
ment by the Phelps Dodge Corporation
| Of quarter shares o.
its stock for each share Of Calumet.
| Negotiations looking to merger o
| the two copper companies have been II
progress for some time, but reports las
month said there was little probabilit!
| of an early decision