Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-19
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS.

NEW YORK, March, 19.-The follow
ing is a summary of important corpora
ton news prepared by the Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Yesterdays most important news de-
velopment, from market standpoint,
was the announcement by Carnegie
Steel of a 81 increase in prices for bars,
plates, and shapes for second quarter
delivery, a policy that probably will be
followed by other large producers. In
view Of last weeks announcement by
the same company that there would be
no increase in second quarter prices
this was somewhat of a surprise. 1t is
believed that the general desire for price
increase by the steel trade and the IA
vorable response to this announcement
by the stock market yesterday are indi-
cations that demand will justify the
higher price.
Other news from Steel is of mixed
nature. Thus far in the current year
operations have increased with encour-
aging persiStency. Current orders, how
ever, are reported to be largely for i'm
mediate shipment, with lack of future
orders that lends uncertainty to the
prospect
Corporation news of the day contains
elements both favorable and unfayor-
able. Increase in the annual common
dividend rate of r. H. Macy g. Co, and
higher 1880 earnings of But.rick Co.
contrast with dividend cuts or omis-
sions by the New York Air Brake. Alpha
Portland Cement, Cubicle Steel, and
several others. also with unfavorable
earnings reports by Eitingon Schild,
WHY'S Overland, and others.
The Companies.
Alpha Portland Cement. 25-cent
common dividend; three months ago
paid SO cents.
Associated Oil lowers posted price
for crude oil on average of Is cents a
barrel.
Auburn Auto adds 103 dealers in
January, 122 in February.
California Oregon Power 1881 i'm
provement budget, $5,100,004.
Chicago Great Western Railroad, So
cent preferred dividend paid 81 Janu-
uary z, 1881; last payment prior
thereto, 81, July 1, 1919.
City Machine & Tool, 20-cent quar-
terly common dividend; previously paid
Is cents quarterly.
Du Pont &c. H. de Nemours &c Co.
Pathe Exchange exercise option on 40
per cent stock interest in Du Pont-
Pathe Film Manufacturing
Eitingon Schild Co. 1880 deficit, ST.
075, $50; deficit, 10 months to Deem
Der 81, 1929, S2,423,584.
Empire Public Service 1880 net, be-
fore depreciation and Federal tax,
1915.
Ford Motor, Jtd.-New stock to be
issued to shareholders in proportion to
present holdings; ratio not announced.
General RefractozjeS 1880 common
eta
Hibbard, Spencer, Bartlett & Co. de-
clares three monthly dividends of 25
cents each.
Hoover Steel Ball, Is cents dividend
paid; paid 80 cents formerly.
Howell Electric Motors 1880 class A
share earnings, SO cents against S405
Hudson & Manhattan Railroad Feb
ruary surplus after charges, off 1853 per
cent; two months off 1914 per cent.
National Enameling & Stamping 1890
deficit $263,671 against net income,
$177,620, equal to $2.14 common share
in 1929.
National Railways Of Mexico 1880
gross of At per cent; earnings after
taxes, of 32.5 per cent.
New York Air Brake Accent quar-
terly common dividend; previously paid
go cents quarterly.
Niagara Hudson Power-St. Lawrence
water power development bill intro
duced in New York Assembly.
Northern States Power 1881 improve
ment budget, $10,303, 300.
Pennsylvania Salt Manufacturing rs
cents quarterly dividend; previously
paid SIPS quarterly.
Philadelphia Co. Pittsburgh 1881
improvement budget S14.O2S, O96.
Rolls Royce of America 1880 deficit,