Evening star., 1931-06-19
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, June 19.-The follow
ing is a summary of important cor
poration news prepared by the Stand
ard Statistics Co., Inc, New York, for
the Associated Press.
News Trend.
Loans on securities to brokers and
dealers for the week ended June II
decreased by S7l 100000, making nine
consecutive weeks of decline. The total
outstanding of Sl,419, 900 900 represents
the lowest level reached in over six
years. In keeping with current dull
ness in the security markets, the weeks
report shows that loans made for the
account Of non-banking lenders were
of S6,000,O00, contrasted with an in
crease of $7,000,000 in the previous
week The remainder of the weeks
decline was entirely accounted for in
loans of reporting member banks for
their own account. At New York, the
statement of condition revealed a drop
of $4,000, 10000 in loans on securities,
while all others advanced by $25,000,-
600. Evidence of further liquidation
is witnessed on the decrease of $62,-
000,000 and $46,000,000 in holdings Of
Government and other securities, re-
spectively.
1ne COMPANIES.
Anglo Persian Oil Co.. Ltd, 1890
common share earnings $1.36, against
$l.58.
Associated Apparel Industries passed
quarterly common dividends; paid 33l2
cents cash and "a per cent in stock,
April /.
Baltimore & Ohio Railroad Chicago
g.. Alton Stockholders Committee as
ho YNriNo fhof railway ic
inadequate.
= Chicago & Alton work resumed at
shops.
city Investing $3.50 dividend on COM
mon stock; paid 331s per cent stock
dividends on February 2 and SIS cash
January 2.
Connecticut Electric Service gross
earnings, IL months to May 81, of 2.8
per cent; net income up per cent.
General Electric asks United States
Supreme Court to rehear Langmuir
tube patent case.
Illinois Central Railroad work given
International Telephone & Telegraph
acquires interest in Ericsson IL. M
Telephone; Ivar Kreuger and F. w.
Allen to join board.
Jersey Central Power & Light
Utilities Commission authorized pur-
chase of Eastern Jersey Power.
Lee Tire & Rubber gets 100000
orders for betting and vacuum hose;
untitled orders total about $250,000.
New Bradford Oil omits quarterly
dividend; paid cents April Is. Nor
folk & Western Railway indicated for
rebating.
Pere Marquette Railway May deficit
after charges, $l58,342, against surplus
after charges, $l8l,9 1854; five months
deficit, $647,839, against surplus,
1914, ,045.
Republic Steel advances prices on
steel sheets ranging from 81 to SIS a ton
Spalding CA. g. & Bros.-Bobby
Jones to join board.
Standard Oil of California-Advance
gasoline, ending price war.
Stewart-Warner Corporation re-em-
ploys more than 1000 men.
Universal Pipe & Radiator agrees to
purchase first mortgage bonds of Cen
trail Foundry Co. If holders of rs per
cent of outstanding bonds agree to
transfer.
Youngstown Sheet g. Tube advances
prices on steel sheets ranging from 81
to SIS ton.
American Radiator & Standard Sani-
tary-Business of subsidiary, Standard
Sanitary Manufacturing running 25
per cent below year ago
American Rolling Mill first-half def
cit estimated around $1,000,0 900; cur
rent operations around 35 per cent Of
capacity.
American Sugar Refining marks up
sugar price 10 points to ASS cents a
pound.
American Water Works g. Electric
May electric output off 80 per cent;
n1knthe off 81 per cent
AEs"onda Copper Mining subsidiary,
American Brass, reduces prices 1s cents
pound on brass products and "a cent
on copper products.
Bethlehem Stsel subsidiary, Nc
Clintic- Marshall, low bidder for super
structure for Golden Gate Bridge con-
tract at $10,494,000.
British Columbia Power May gross
| of 6.1 per cent, net up 9.3 per cent;
IL months gross off 0.8 per cent, net
up 1877 per cent.
Canadian National Railways passen-
ger train service reduced IA per cent
in current year.
Chicago Railways not to pay July /
interest on Purchase Money SIS; $2,379,-
1877 were outstanding January /.
General Motors reaches agreement
with Libbey Owens-Ford Glass; practi-
cally all glass requirements for Z years
Minimum needs estimated at $50 ,O00-,
600; Ottawa Qllinois) factories of Ma
tional Plate Glass, subsidiary, sold to
Libbey- -Owens-Ford Glass.
General Steel Castings to furnish
main frames for new Pennsylvania elec-
trio locomotives.
Grigsby -Grunow May net sales ST.
609 ,086, against $558,778
Ley (Fred T) Co. .omits quarterly di.
vidend; paid 3712 cents April / and 7s
cents quarterly heretofore.
! Magma Copper IS cents quarterly
common dividend; formerly paid 81
cents
New York Central r. R.-Court dis.
misses complaint seeking to annul I. c