Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, April 21.-Ths follow
ing is q summary Of important corpo-
ration news, prepared by the Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Automobile production, as measured
by the Times index, adjusted for sea-
sonal trend, showed an increase for the
week ended April 10 over the week be-
fore. For this week the figure stood
at tai, against 70.3, but was still much
of 1880. Reports of new passenger car
registration in 80 States for March in
dictate a total of 1861 cars, ASS per
cent over February. but 34.6 per cent
below the total for March, 1880. In
both cases the gain over the immedi-
ately preceding period is encouraging,
even though the lag behind last year Is
large. :,
Daily average production Of crude oil
in the week ended April 10 increased
l19,779 barrels to a total of 2,4l8,431
barrels, according to the Oil & Gas
Journal AS has been pointed out be-
fore, such an increase continuing as II
does a two months tendency toward
higher output in spite OF efforts by the
industry to effect control, Is definitely
unfavorable. In Oklahoma City field 1t
is reported that allowable flow has been
raised 10000 barrels to 10000 barrels
daily for the rest Of April, with a fur
ther increase of 10000 barrels daily FOR
May. This relaxation of schedule ap-
pears to be evidence Of further difficulty
in district where much of the trouble
in effecting control by proration has
been met.
Corporation news Of the day contains
additional reports of first quarter oper-
atoms, particularly reports generally un-
favorable in nature from some of the
automobile manufacturers. Brillo Man
ufacturing, Buttrick Co., and Bonn Alu-
minum & Brass show improvement in
| the March quarter.
The Companies.
! Angus Co. defers dividend on class A
preferred; paid 81 February /.
Bohn Aluminium & Brass March quar-
ter common share earnings, 1924
against $1.12.
Connecticut Light g. Power SITS
quarterly common dividend; previously
paid $50 quarterly.
Hudson Motor Car March quarter
common share earnings II cents
against 81 AS.
Otis Steel March quarter preferred
share earnings 10 cents against S.
Packard Motor Car March quarter
common share earnings / cent, against
| 18 cents.
American Commonwealth Powers
gross earnings IL months ended Feb
ruary % up slightly; net before reserve
and Federal taxes, after preferred divi-
dends OF this company, up IA per cent
American Water Works g. Electric
March electric output of 8 per cent;
| three months. of IL per cent
Anaconda Copper Mining 1880 COM
| mon share earnings estimated $3.50.
Brillo Manufacturing March quarter
common share earnings 80 cents,
Brockwa& Motor Truck 1880 deficit
S3,55l 1857, against net income $3.50, 044
equal to 81 cents common share in
1929.
Electric Household Utilities had record
March sales for retail units, but bust
ness for first quarter was under year
ago; operating 40 retail stores, about
twice as many as year ago.
Ford Motor to maintain uniform pro-
duction throughout Summer.
Old Colony r. r. 1880 common share
earnings 81. against $6.73
Shell Union Oil subsidiary reduces
gasoline in Minneapolis l cent gallon
to 14.2 cents retail for low test product,
| including cents State tax.
Virginia Iron, Coal & Coke March
quarter net income s66,252, equal to Al
! cents common share, against deficit
SAL ,453.
Magma Copper-Average net produc-
ton cost per pound OF copper in 1890
was S.97 cents, against 1887 cents for
1929.
Pere Marquette Railway March def
cit after charges $25, 1893, against net
/ income Syst $50: March quarter net loss
| $470.997, against net income S496, 1895,
equal to As cents common share.
| Calumet & Arizona ADMINISTRATOR
| Campbell resigns.
Du Pont (E. H. de Nemours & Co.
Company reports March quarter earn
ings placed at $l.ol common share,
against $152.
| Graham-Paige Motors March quarter
deficit Appropriated $l75,o00, against
! deficit $489, 480.
New York, Chicago & st. Louis Rail-
road March quarter So preferred share
earnings $1.42, against 76 cents.
Pierce Arrow Motor Car Co. March
quarter common share earnings after
| participation, so cents, against 10 cents
sold l 500 cars in first quarter, against
| 2,244 year ago.
Railway & Light Securities liquidating
value March 81, 1881, $52.17 common
share, against $45.22 December 81, 1880
WHY'S Overland March quarter pre-
| ferred share earnings 81 cents, against
| 81 cents; first quarter sales &c. 1924 units
| dealers new car stock of As per cent
from year ago.
Addressograph International 1890
common share earnings $l85.
| Butterick Co. March quarter COM
mon share earnings 81 cents, against SO
| cents
Fyr Fyter Co. March quarter deficit
! $2,3l9, against net income $l4,286
| equal to Is cents class B share.
| HARRISON Walker Refractories March
| quarter common share earnings IS
| cents, against 81 cents.
Ingersoll Rand Corporation 1880 COM
mon share earnings $4.72, against
! S10.50.
MacAndrews 81 Forbes Co. 1880 con-
Solidated common share earnings $2.6l
! against 1913.
Saxet Co. net before Federal taxes IL
months to February % 81 ,633, 696.
| Westvaco Chlorine Products March
| quarter common share earnings 81
cents against 80 cents.