Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-05
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

BY the Associated Press.
NEW YORK, May 5.-The following
is a summary OF important corporation
news prepared by Standard Statistics
Co., Inc, New York, for the Associated
Press:
News Trend.
Automobile production in April by
members OF the National Automobile
Chamber Of Commerce, comprising all
important manufacturers except Ford.
is estimated to have been 20 per cent
over March. Although this April in
crease is a little less than had been
indicated by the early reports OF April
shipments or production released by
individual companies, and although
some rise Is to be expected at this sea-
son, nevertheless the fact OF suostan-
tial gain in activity in major industry
in itself may be considered encouraging
1t must be borne in mind, however that
this estimate of production Is still IL
per cent under April, 1880, and that the
estimate for the four months OF this
year is 226 per cent under the same
period of last year.
Another increase in daily average
crude oil output occurred in the week
ended May 2, as estimated by the on
and Gas Journal. This gain, amounting
to 80 1872. is a small percentage of the
total daily average for the week OF
2.48O,73l, but, nevertheless, 1t serves
once again to draw attention to the
unfavorable situation in oil caused by
mounting production In spite OF efforts
to effect curtailment and low price
levels.
In the Corporation News the quarter
~ report of the Radio Corporation,
showed share earnings Of two cents.
IA "a Co. Aeaa
year TO February 20. Additional reports
Of April retail sales continue mixed in
character.
The Companies.
Chicago Railways-Illino.s Attorney
! General starts action TO test validity OF
| unificatior measures
Federal Screw Works-April business
| equal to March when profit Of $3,95l
was shown.
Pennsylvania Power & Light, affiliate
Lehigh Navigation Electric. calls for
| payment July ! entire issue OF hrst
| mortgage steries per cent bonds OF
l943.
st. Louis-San Francisco Railway
Business report unaffected by pipe lines,
! gasoline and oil tonnage above year ago.
| Universal Pipe & Radiator takes no
action on preferred dividend; paid sl.75
! February 2.
American Commonwealth Powers
! gross earnings. IL months, to March 81,
, up as per cent; net before reserves and
taxes, up 1871 per cent.
! Art Metal Construction-March quar-
ter deficit $50, 54S vs. net income $751;
678. equal TO 40 cents common share in
! 1880.
Certain-teed Products-March quar-
ter deficit, $233,892 VS.. deficit $3.50, 564.
| Columbia Graphophone, Ltd. - Re-
ceives share for share exchange offer
from Electric g. Musical Industries, Ltd,
If accepted stockholders of ordinary
stock TO receive Sc cents dividend and
bonus consisting of holdings of Co
| lumbia Photograph shares
Endicott-JohnSon Corporation orders
! 20 per cent above 1880 level; operat-
ing at about 80 per cent OF capacity;
introduces mems shoes TO retail at 81
pair.
Kroger Grocery a. Baking sales,
weeks TO April Is, of 0.5 per cent; IL
weeks of 3.8 per cent,
! Lehigh Valley Railroad allowed II
discontinue off-track freight stations In
New York City.
Marlin Rockwell Corporation March