Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-26

TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS
NEW YORK, July 25.-The following
is a summary of important corporation
news prepared by Standard Statistics
Co., Inc, for the Associated Press:
News Trend.
The first IS railroads reporting June
earnings showed a loss in net operating
income of 1913 per cent from June. 1880.
This decline is smaller than the same
roads registered in May. when net
operating incomes were 27.7 per cent
year.
The Industries.
Ofl-All major companies advance
prices for crude oil.
The Companies.
Allis- Chalmers Manufacturing. I'm
filled orders, June 80. aggregated
So. O32 ,53l, against S1l SIT ,082 March 81,
and $1,000 923 December 81, 1880;
common share earnings six months
ended June 80, 70 cents, against S1.87.
American Hard Rubber Co. omits
common dividend: paid so cents May
Is, and 81 previously.
American Republic deficit six months
ended June 80, Sl.541 ,483. against net
income, $46.577; equal TO AZ cents a
preferred share.
Ann Arbor Railroad June deficit,
S58.536, against net income, Sill ,493:
six months deficit, sl32,48S, against net
income, S37,o52.
Arundel Corporation first half COM
mon share earnings, 50 20, against S2.43.
Baldwin Locomotive Works deficit sig
months ended June 80, $1775,536
against net income, 81 ,807, 1897; equal
to S1.31 a common share.
Brooklyn Shoes, Inc.-Equity receiver
appointed for company on petition OF
Bolton Shoe Manufacturing, a $26,0OO
creditor
Boston Elevated Railway carmen &C
cept new wage and working agreement;
present basic rates to continue, but
minimum wage of new men cut 4i2
cents an hour and overtime scale
adjusted.
Clark Equipment June quarter COM
mon share earnings, 43 cents, against
90 cents; six months, 28 cents,
against $1.92
Curtis Publishing circula-
ton of magazines to be continued; price
on basis upon which periodicals will be
sold not yet decided upon.
Electric Shareholdings Corp.-De-
clares per cent semi-annual stock
dividend on common shares; formerly
paid IL per cent quarterly.
Fairbanks Co. deficit six months
ended June 30. s131.023, against net
income, $50,284; equal to $5.03 flrst
preferred share.
General American Tank Car common
share earnings six months ended June
80. S3o4. against $4.5S.
Goldman Sachs Trading.-Liquidat-
ing value June 80, S12.94 common
share. against $12.40 December 81, 1880
Great Northern Railway asks Inter-
state Commerce Commission to recon-
slider order allowing WoodroW-Bloom-
field construction by Northern PACING :
contends that capital value OF its prohts
on diverted traffic resulting from con-
struction is $1,000,00o.
Household Finance preferred snare
earnings six months ended June oo'
Sll76, against S10.39.
Hudson Motor Car June quarter COM
mon share earnings 10 cents, against
81 cents; six months, 33 cents, against
$2.12
Inland Steel.-To blow out furnace
at Indiana Harbor leaving two OF It's
four furnaces operating.
International Cement common share
earnings six months ended June 80,
$1.57. against 1925.
Lehigh Valley Railroad June operat-
ing income off 46 per cent; six months
of 231 per cent.
Loose-Wiles Biscuit-To erect ST.
500 900 branch factory in Los Angeles.
Nash Motors not to close for vaca-.
ton period because of better demand
following introduction of new models
|. National Aviation liquidating value
June 80. $1095 a common share,
against $8.08 December 81, 1880.
New England Telephone g. Telegraph
common share earnings six months
ended June 80. SAT-. against s4.41:
New York. New Haven g. Hartford
Railroad chamber OF com
merce opposes consolidation OF Boston
g. Maine with company; favors Penn
sylvania affiliation
North American Light q Power
Four subsidiaries filed reduced gas and
electric rate schedules in Kansas.
Paraffln Co.-Common share earn
ings year ended June 80, $3.50, against
$527.
Republic Steel.-Places two additional
open-hearth furnaces In operation
operating plants at AZ per cent o.
capacity.
Rochester Gas g. Electric balance
after interest IL months ended May
81, $4,639, 026.
st. Louis-San Francisco Railway
June deficit after charges $16.404
against surplus after charges, $685.
1871; six months deficit $501 SOP, against
surplus, $2,514,338.
Schiff Co. first half common share
$189, against SLIT.
Southern Pacific Co. June net opera
ting income up 1873 per cent; Six
months off 1914 per cent
Standard OIL Co. (Indianal subsidiary
Stanolind Crude Oil Purchasing, posts
new prices for Midcontinent crude OF
80 cents for 90 gravity and below, with
cent differential up to 40 cents fol
grade of 40 degree and above.
Standard Oil Co. New Jersey sub
sidiary, Carter Oil, reduces crude OF
prices in Oklahoma and Kansas, II tc
| 20 cents barrel
United States Distributing preferred
share earnings six months ended June
| 80, $1.90, against $3.50.
Tinted SkStea Hoffman MACHINERY