Evening star., 1931-06-24
CORPORATION
REPORTS
TRENDS AND PROSPECTS, or
LEADING ORGANIZATIONS.

|
NEW YORK, June 24-The follow
| ing Is summary OF important corpo-
ration news prepared by the Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Although not unexpected, the decline
in the steel production was nevertheless
disappointing. For the week ended
June ~ ingot production dropped to IS
per cent of capacity, against a. fraction
below 30 per cent in previous week,
80 per cent two weeks ago and 66 per
cent year ago. Pittsburgh, Cleveland,
youngstown and Chicago followed the
trend downward, and only a slight up
turn was registered at Buffalo.
Revenue freight car loadings for the
week ended June Is went against the
customary gradual upward trend usual
at this season and declined rather
sharply from the previous week. Load
in9s were 732,453 cars, on 28, ,437 from
preceding week, le3,6l3 cars below the
same week last year and reduction
Of 337,2l7 from like 1929 week. All
commodities registered declined with
the exception Of live stock, which
8nOWeO neBltBADAS AlcC. -.
The American Petroleum Institute
puts the rise in daily average crude oil
production for the week ended June 20
at 9.250 barrels, which is less unfavor-
able than the earlier estimate OF 32,668
barrels. Gasoline stocks declined l.
42B 900 barrels to Al 1882 900, which is
the smallest reserve since January and
compared with 50,l1S,0o0 barrels
year ago.
vanced 4 cent, domestic being quoted
at a. cents q pound and export at
BITS cents.
r, J. Reynolds Tobacco Co. and
American Tobacco Co. have raised the
iobber price of their popular branoS OF
cigarettes As cents per thousand 10
$6S5.
The Companies.
Anaconda Copper Mining subsidiary
American Brass, advances prices copper
products 4 cent pound and brass
products Il. cent pound.
Canadian Industries Ltd. so cents ex-
ira and 62I2 cents quarterly common
dividends; paid 25 cents extra April 50.
Caterpillar Tractor June quarter net
expected to fall below first quarter re-
turn of IS cents a share.
commonwealth g. Southern Corpora
ton Nav gross of per cent, net after
taxes of "a per cent; ~ months gross
on IA per cent, net on SIS per cent.
Consolidated Gas of New York-New
electric rates of subsidiaries formally
ordered into effect.
Elder Manufacturing commensurate
earnings, year ended April So' S2 cents
Hall CW. FL Printing-Receives re-
newAl contract from Montgomery Ward
for so per cent of its large catalogues,
65 per cent of its sales books and all
rotary color printing; runs for 10 years
and involves over $4,000, 900.
Hupp Motor Car June shipments
about 400 units VS.. retail deliveries OF
/ 700 units.
International Business Machines
April and May European sales up "
per cent; Endicott plant at full time.
National Trade Journals creditors
ordered to file claims by July 80.
New York, Ontario e. Western May
net operating income $177,707 VS.. $685.
Ala; Ave months $500, 0,568 VS.. $2l 1928.
Nicholson File declared dividend on
capital stock; paid SO cents April /.
Northern Pacific Railway May net
operating income estimated about $4O,-
months estimated $456,341 VS.. $780,
BAL.
Pittsburgh Terminal Coal Mines re-
sumo with union help to work eight
hours SAC, 900 VS.. $500, 189 actual year
ago; flve months estimated 4S6,s41 VS..
1902 ,34I.
i. Pittsburgh Terminal Coal Mines re-
sumo with union help; to work eight
hours a day; wages increased.
Ruud Manufacturing declared two
quarterly common dividends of so cents
each: previously paid IS cents quarterly.
Staley "a E) Manufacturing passed
semi-annual dividend of $3.50 and So,
respectively, on January l.
Union Pacific r. r. May net operat-
ing income off SIS per cent; five months
of 80 per cent.
Cities Service Co.-Reported prob
ably holds control of Warner-Quinlan
Co.
Interborough Rapid Transit May def
! icit after charges, SPOT ,096, against def
icit $144,79S; IL months deficit, So
0p9,52B, against deficit $1,936,35
Nashua Mfg. shipments running 10
to Is per cent ahead of year ago; May
orders 40 per cent above 1880 month.
Naumkeag Steam Cotton--Reported
dividend needs covered IN flrst fiscal
half
Reynolds (R. J) Tobacco-Advances
price Camel cigarettes As cents per
thousand to $6.85.
Eostern Mfg. passes preferred divi-
dend; paid 871a cents April /.
Fox Theaters Corp. deficit year end
ed October 26, $2,484, 1928, against net
income $2,660,26l equal to $l.58 COM
mon share in 1929.
Inland Steel, operating around 40 per
cent of capacity against As per cent In
preceding week.
Lyons 90 g. Co., Ltd, 10d ,divi-
dend on American depository receipts
{ for ordinary A stock
Melville Shoe-Mens and boys shoe
sales to June Is by Thorn Mean stores
up 8 per cent. other divisions also show
increase, plants working overtime.
Minnesota Northern Power 1890 net
income before depreciation and deple-
ton. 1852, TS0, against 81 ,065,T47.
New York, New. Haven l6S Hartford
Railroad first half net estimated at
50 q common share, against actual
earnings Of over So in 1880 period:
Southland Royalty cents dividend;
IS cents quarterly payment made
April is.
United States Steel operating at IS
per cent Of capacity, against slightly
under 80 per cent last week; about 40
per cent two weeks ago; II per cent
last year and 90 per cent two years ago.
Stock Rights Offered.
NEW YORK, June "a R.-Stock-