Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-14
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

BY the Associated Press.
NEW YORK, May 1.-THE following
is a summary Of important corporation
news prepared by the Standard Stats
tics Co., Inc, New York, for the Asso-
ciated Press.
News Trend.
The shares Of the F. W. Woolworth
Co.. which have been behaving on the
market in an encouraging fashion when
compared with the general list, made
further gains when 1t was announced
that the Woolworth directors had ap-
proved a plan for changing the capital
structure Of F. w. Woolworth g. Co.
Ltd, Of England. The plan would make
the English company, hitherto privately
owned. a public corporation, and would
call for stock dividend by the latter.
Sales of aircraft of all kinds and air
craft engines during the first quarter
rose $39,252 over the same period Of
1880 to a total of $9,018,9l4. This small
increase in sales, amounting TO GA
per cent, favorable in itself, becomes
more important in view of decline
of lO.4 per cent in first quarter produc-
ton. The reduction in stocks thus In
dicated will be a needed assistance to
the industry.
The Companies.
American Brown Boveri Electric-Ne-
gotiations reported practically com
pleted for sale of electrical manufac-
turing business TO Allis Chalmers Mfg
marks final step in companys plan TO
dispose Of unremunerative divisions.
American Public Service first quarter
gross of subsidiary off 1877 per cent;
net before depreciation up 93.6 per cent
American Sugar Refining directors
authorize redemption Of s2,5oo000
per cent bonds on July l.. S1l $4,000
will remain outstanding.
Brown Shoe operating at 30 per cent
of capacity; first fiscal half volume al
level of like preceding. period, but dol
lar sales of, due to 10 per cent price
cut; bank loans iquidated.
International Shoe reported at IS pei
cent Of capacity
Philadelphia Rapid Transit-Mitter
interests offer TO give up management
to prevent receivership; majority stock
held by Mitten to be placed in flve-yeal
voting trust; six Of eight Mitten repre-
| sentatives on board resign; counsel u
! advise company TO drop taxicab oper'
| ations.
Wheeling Steel proposes reducing
/ stated value Of common stock from $l0(
/ TO $50 and creating 100000 shares $l0(
| par per cent cumulative preferred
stock and 100000 shares OF new no pal
common stock 8 per cent class A pre-
| ferred to be exchanged for new preferred
Central Coal e. Coke 1880 deficit 81 :
O02 ,276, against deficit $265,918 in 1929
Cushman'S Sons SO preferred share
earnings 16 weeks to April 10 Sl2.58
| against $ll6l
| Federal Light e. Traction gross reve
/ nue. IL months ended March 81 of
per cent, surplus after subsidiaries pre-
! ferred dividends, but before depreci
alton up slightly.
Fox Film--Two annual reports to b
issued urder different accounting sys
tens; annuol meeting further adjourned
to June 10.
New York, Ontario & Western Rail
| way net income after charges, thre'
months TO March 81, $2,498, agains
deficit $268,S76; March net income afte
charges ,$22 $40, against deficit. 1922,
273; makes contract with Penn Anthra
cite Galleries to transport all coal pro
duced that car go over company's lines
! Square D Co. class A preferred shar
earnings, l6 weeks to April 10, 81 cents
Telautograph Corporation April ne
profit after taxes and charges, $780,