Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-27
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

LEADING ORGANIZATIONS
NEW YORK, July 27.-The following
is summary of important corporation
news prepared by the Standard Stats
tics Co., Inc, New York, for the As
ISOLATED Press:
Weekly News Review.
Due to the continued unsettled con-
ditions in Central Europe. trading on
the stock market was extremely slight.
For the first time in several weeks at
tention was focused on domestic Sit
uation-the probability Of cut in the
United States Steel dividend. The
seemingly authoritative intimation of
reduction precipitated the most en-
phatic declines in the stock market
witnessed during the week The actual
movement of the stock market for the
week ended July "a. as indicated by
Standard Statistics price index for 80
stocks, showed a decrease Of 39 points.
From 1148 on July 20 the index drop
ped to 1l0.9 on July "a. industrials,
rails and utilities all contributing to the
decline.
Like the stock market, bond trading
was moderate in volume, under the in
fiuence of prevailing uncertainties
abroad. There was no definite trend OF
prices noticeable, most issues tending to
stabilize around existing levels.
Automobile production for the week
ended July 10 was slightly lower than
the preceding week, and had 1t not
been for the increased Plymouth sched-
ule the drop in output would have
been much greater. as most OF the man
ufacturerS produced fewer units.
Steel operations for the week ended
July 20 showed an increase. which, al
though slight, was encouraging, as II
was the first increase in four months.
The rise was due to the increase in
United States Steel's production, as the
activity of most of the independent
companies declined.
Electric output for the week enoeo
July 10 showed decline Of Is per cent
from the corresponding 1880 week. thus
marking the climax Of series OF sue
cessively smaller declines commencing
early in June, as we'll as the smallest
reaction for any week since early
April. Although allowance must be made
for the effect of the holiday, it Is OF
considerable significance that aggregate
production for the fortnight ended July
IL was exactly equal to the output dur
ing an identical two-week period OF
1880.
Crude Oil Output.
Crude oil production for the week ended
July 20 declined 1880 barrels. mainly
due to the curtailment in the Oklahoma
district, as East Texas again showed
stable increase and California was up
slightly. The strike for higher crude
prices seems to have accomplished re-
suits. as all leading producers in the
NHjdrnnfinant with the X
ception of East Texas. advanced prices
to slightly higher level than existed
before the cut.
Revenue freight car loadings for the
week ended July IL were, OF course,
larger than the previous week, when
traffic was reduced because of the holi-
day. After the sharp drop reported for
the week ended June Is loadings have
shown a steady increase, with the ex-
ception of the holiday week, in which,
however, the daily average was above
the seasonal gain.
American Commercial Alcohol deficit
six months ended June 80 $42942,
against net income $175,93l, equal to
IS cents a common share: June quarter
deficit $&67, 779, against net income 1881
year ago.
Arnold Constable Corporation COM
mon share earnings four months ended
May 81 So cents.
Intertype Corporation common share
earnings six months ended June 80 so
cents. against SLIT.
Maine Central r. r. June surplus
after charges $4,835, against $64, TAT a
year ago.
Nevada California Electric net income
IL months ended June 80 1886, 500,
against $86,645.
Pond Creek Pocahontas common
share earnings six months ended June
80 43 cents, against II cents.
Studebaker Corporation June quar-
ter common share earnings So cents,
against Al cents; six months, "a cents,
against $l.03; number of vehicles sold,
including subsidiaries and Pierce Arrow,
during six months ended June 80, &c.
TIT, against 1890.
American Bank Note common share
earnings six months ended June 80 16
cents, against $203.
General Mills common share earnings
year ended May 81 1911. against $4.83.
International Nickel OF Canada first
half nickel poundage exports off 252
per cent from year ago; dollar sales off
264 per cent
National Acme June quarter deficit,
1892 1853, against net income, $4,000;
six months, deficit, $474,728, against net
income, $303.151.
Stewart Warner June quarter net in
come. S110,937 against net income
$878,852; six months deficit. $22O,S19
against net income, $1,534,862.
Bangor & Aroostook Railroad June
deficit, after charges, $751; ,283, against
deficit, $6,876.
Chesapeake Corporation common
share earnings six months ended June
80. S1.85, against $l.65.
Congress Cigar Co. common share
earnings six months ended June 80
81. against $1.88.
Great Northern Railway June net op-
Grating income off 80 per cent; six
months, off 34.5 per cent.
Jewel Tea Co. sales four weeks tc
July IL off 80 per cent; % weeks, OF
1912 per cent.
Minneapolis & st. Louis Railroad
June net operating income, $54,608,'
against $75.972; six months. net oper-
ating deficit, s19,335, against operating
deficit. $4,000.
New orleans, Texas & Mexico Rail
way June net operating income of 81
per cent; six months. off 81 per cent.
Texas & Pacific Railway June sur.
plus, after charges, off 10.7 per cent.
| Brown Shoe receives Army contrac'
for 53.676 pairs of service shoes fol
| $2.445 a pair net.
MacMillon Petroleum Corporation -
Wins suits against Texas Railroad Com
mission, when Federal Court at Austin
Tex, ruled commission had no authorit!
| to enforce proration Of oil production
In East Texas field.
| American Hide & Leather deficit yea
ended June "a. s7o4.12s vs.. deficit o