Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-02
CORPORATION
NOTES
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

corporation news prepared by Stand
ard Statistics Co. Inc, New York, Tor
the Associated Press.
News Trend.
Increased automobile production
schedules for April announced last
month are now followed by announce
ments of shipments in April we'll above
those for March. While this Is to be
expected at this time Of year. never
theless, any industrial improvement of
major proportions is regarded as en-
couraging. It must be observed, how
ever, that shipments for this April, as
indicated by reports at present avail
able, are under those for last April.
Despite unfavorable development In
the oil industry. Standard of New
Jersey and Standard of New York yes
terday announced that dividend pay
mentS would be made on the basis pre-
! vailing heretofore. This also in en-
couraging in view of the unfavorable
| circumstances.
youngstown Sheet q Tube shows
March quarter results that compa1e
unfavorably with the same quarter Of
last year.
The Industries.
Copper-Second hand copper sales
| reported made at 91s cents a pound; ;
| producers and custom shelters holding
to 91a cents.
Container car service ap-
proved by Interstate Commerce. End
ing litigation. Blanket freight rate in
crease may be requested by railroads
after company conference.
The Companies.
Calumet & Arizona Mining March
quarter common share earnings before
dan1ntiOn q renfs OK
Charts Corporation March quarter
common shares earnings, $1.27 VS.. $1.31.
| Clark Equipment March quarter def
! cit, $15,854 VS.. net income $275.S54,
equal to $1.02 common share in 1890.
Continental Baking SO preferred
share earnings, IS weeks to April II,
158 VS.. 1928.
General Gas & Electric common
share earnings, IL months to March
81. 43 cents.
International Silver March quarter
deficit, $148,947 VS.. net income, S168, lab,
equal to SO cents common share in 1880.
| Revere Copper & Brass March quar-
| ter deficit, $85,094, VS.. net income,
$319,158, equal to 81 cents on 81 class
A share.
! United Business Publishers March
quarter preferred share earnings, $l.22
VS.. 81.
Associated Gas & Electric gross Gin
Guiding other income) up 1913 per cent
in IL months to March 81, net up 81
per cent; figures included income of
newly acquired properties from dates OF
| acquisition.
| Barcelona Traction, Light & Power,
Ltd, March gross up IL per cent, net
| before depreciation, interest and amort1-
zation off IL per cent; 3 months gross
off 2.5 per cent, net up IA per cent.
Butte Copper g. Zinc March quarter
deficit 81 1895 against deficit $lS,953.
Consolidated Royalty Oil 1880 net In
come before depreciation eona ON ana oepiet'on
| Construction Materials Corp. 1896
common share earnings, 50 cents
against 1918.
Add Continental Baking current
earnings reported covering dividend
needs; no reduction in rate con-
templated; current assets ratio reported
better than 9 to l.
Foote-Burt Co. March quarter
deficit $67,355 against net income
share in 1880.
| Foundation Co.-Peruvian provisional
government brogates temporary bank
fuptcy order obtained by certain en-
| ployes against company: by action gov
| eminent assumed defense of all suits
brought by employees.
| Gillette Safety Razor-H. j. GaiSman
made chairman, G. B. Lambert ap-
pointed president.
Hollinger Consolidated Gold Mines,
Ltd, 1880 common share earnings 81
cents against IA cents.
Kendall Co. participating preferred
share earnings, II weeks to March FL
81 ST, against 81 cents
McColl- Frontenac Oil, Ltd, common
| share earnings, year ended January 81
S142, against $192.
National Railways of Mexico February
gross off 1871 per cent, net after ex-
penses off 1875 per cent; 2 months gross
off 15.9 per cent, net off ASP per cent.
New York Dock March quarter S.
preferred share earnings $1.o2, against
$1.58.
Pullman, Inc, March quarter COM
mon share earnings IS cents, against
SLIT.
Richfeid Oil of California stockhold-
ers and creditors reported seeking to
trace more than $2,300,000 allegedly
| loaned to officials
Saxet Co. stockholders sanction &C.
QUESTION of all common stock of Argus
| Production and Western Production
and 8715 per cent of common shares oil
| Missouri Valley Gas: also ratify in.
crease in authorized common to 4,000,-
| 900 no par shares from 100000; tt
[ make offering of $2,000.0O0 first ner
collateral convertible series A IS.
| Southern Colorado Power 1880 net
income, $517,773 against same figure ir
1929.
| Squibb &c. RI & Sons, IS cents
quarterly common dividend; previously
| 50-cent payments were made at inter
walls of SIX months.
| Tri TOY4ffpay4fnl C0rYNOrn tiO1 Y1aviY1 G
cash for stock interest in Selected In
dustries, Inc.
| Youngstown Sheet d Tube March
quarter deficit, S822,909 against net
income $2.516,706, equal to $1.92 COM
mon share in 1880.
General Motors April shipment OF
| Cadillac and La Sale cars totaleo
1903 against 1882 March and 1881
April, 1880.
Hudson Motor-Hudson and Essex
! April exceeded 10000 cars, 40 per cent
| over March.
Byron jackson onits common div
idend; paid 1912 cents March l and
25 cents quarterly prior thereto.
Pennsylvania Railroad reported seek
| ing branch into Rochester; rumored
may bid for Rochester g. Syracuse Rail
| road, which Is to be offered at fore
closure sale. American Department
Stores common stockholders offered
rights to additional common, share
| for each 8 held, at So.
1