Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-13
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, September 1.-THE
following Is today's summary Of irnpor-
tant corporation news prepared by
Standard Statistics Co., Inc. New York,
for the Associated Press:
News Trend.
Stocks Of refined copper were in
creased 1888 tons further during Au-
gust TO the highest total in the history
OF the industry. On August 81 surplus
totaled 455,775 short tons, compared
with 347,688 on same date year ago.
Production during August increased
about 697 short tons contrasted with
July, but was l7.2l1 tons smaller than
year ago. Stocks of Blister Copper
were reduced by 1858 tons during the
month to l76l05 tons Total surplus
OF refined and above ground on August
81 was 63l $50 tons. The price of cop
per for domestic shipments CONTINUES
at 7'2 cents a pound, but second hand
copper Is reported to have been sold at
TIA cents in past few days.
The decline in dollar volume OF chain
store sales expanded considerably IL
August. Receipts of 40 leading chg y
store companies for the month regir
tered a drop Of 4.3 per cent. White T.
the eight-month period decreose vas
only 81 per cent
The trend of mail order sa,os for
the month remained prac1 call -
changed, decline of sales OF th-c" -
ing units beirg ll9 per cent. aoa''~
Ill per cent for the first eight mon n
The Industries.
Electrical Equipment--July export
OF electrical equipment were valued Al
s72l9,833 VS.. So,277,861 in June and
S9520,9l7 a year ago; months. EX
ports totaled $57.764,22s VS.. $sl .Os4,l36
The Companies.
Acme Steel Co.-Declared quarterly
soc dividend; previous payment 62l2
cents
Canada Dry Ginger Ale, Inc
Net income year to end Septem-
Der 80 estimated at a little above So
a common share. Sales volume first
II months of fiscal year approximately
IL per cent less than year ago.
Consolidated Retail Stores-August
sales of 1913 per cent. months Of
II per cent; % units in operation vs..
80 in $780,
Electric Auto-Lite 81 quarterly
common dividsnd declared; previously
paid $3.50; third quarter net, with Sep
TENDER estimated Sl.l00,000 after taxes
and preferred dividends: cash was ap-
proximately $2,5Oo,O00; current ratio in
excess of 5 to !: no bank loans. bonds
or notes outstanding.
Helme George W. Co. - Net in
come for 1881 estimated at about So
33l, SOL; equal to the 1855 q common
share reported for the year ended De-
cember 81, 1880.
Phillips Petroleum-Disposes Of IN
terest in Panhandle Chicago Pipe Line
to other members OF group interested
in line.
Long Bell Lumber Corporation-Ha
deficit of 81 926892 in first half VI. def
icit. S610921
Lamson & Sessions Co-Dollar sales
volume 8 months ended August 81 off
about as per cent, operations approx
mating 80 per cent of capacity.
MaoMarr Stores. Inc Stockholders
sanction sale of business and assets to
Safeway Stores.
Mohawk Rubber Count sales three
months ended August 81 above yeer
ago. Dollar volume of sales for 1881
to. September off about 20 per cent
from year ago. Production Of tires Sep
TENDER 2 averaged around 1850 VS.. ca
pacity of 1000.
Murphy &C. c. Co.-Had 172 stores
in operation September l VS.. 1853.
Rath Packing Co.-Resumes 50-cent
common dividend payment; last previ-
Gus payment made April /.
Reeves Daniel, Inc.-August sales
off 79 per cent; eight months of TT
per cent
Square d Co. declares 27ia-cent pre-
ferred dividend; previously paid 50-cent
quarterly.
Youngstown Sheet IL Tube-Opera-
tons at Is per cent of capacity VS. :"
per cent week ago.
Belgo-Canadian Paper Co.-Securi
ties Protective Committee of Canada
Power & Paper refuses to alter reor
ganization plan to satisfy companys
preferred stockholders.
Canada Power & Paper Corporation
Securities Protective Committee refuses
to alter reorganization plan to satisfy
Relgo- Canadian Paper Co.'S preferred
stockholders
Colgate Palmolive-Peet Co-First half
net income S4.003 ,694 VS.. S3,760.625
eight months approXimated year AS.
Diamond Electrical Manufacturing
Co.-Quarterly common dividend omit
ted; paid so cents June 80.
kaybee Stores. Inc. omits quarterly
common dividend; paid Is cents. July Is.
New England Public Service Co.
(revisedD declares regular z5-cent quar-
terly cash dividend and semi-annua1 134
| per cent common stock dividend on
common shares; previous report stated
stock dividend was omitted.
| Warner Bros. Pictures. Inc, studio
| established in England to produce 81
feature pictures for 1892
Western Union Telegraph-July op-
erations income off 242 per cent; seven