Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-13
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, May 13.-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.
Steel mill activity, as indicated by
ingot output, continues to show evil
dence of leveling of after decline of
about seven weeks. Due to Steadier de-
mand, particularly from the automotive
industry, which has maintained high
production longer than had been ex-
pected. steel operations during the past
week, as estimated by the Iron Age, re-
main unchanged from the week before
at Al per cent of capacity. Tin plate
production is reported to be declining
slightly from its present relatively hlgn
rate, and rail output to be gaming
little.
Freight car loadings for the week
ended May 2 gained 1903 cars over
the week before, fact less encouraging
than it appears to be at frst wnen II rs
understood that the normal increase Tor
this week of the year would be slightly
freater. The freight classif1cation
miscellaneous freight, which COM
prises much of the finished merchandise
shipped, showed a small decline ior tne
week, as did also grain, While all otner
classifications showed gains.
Daily average crude oil production, as
estimated by the American Petroleum
Institute for the week ended May y.
showed drop from the week before OF
400 barrels. less than previously pup,
lished by the Oil and Gas journal
which today has revised its estimate.
Although this last estimated decline Is
less significant than that previously
published because 1t is less in volume,
nevertheless the fact CT a decrease IN
OUTPUT, after recent steady gains ana
after the efforts that have been made 70
achieve curtailment OF production, Is
encouraging. In East Texas, where
much Of the difficulty has been en-
countered. drop Of 70,850 as the re-
suit of effective prcration Is favorable
| news, and offsets an increase IN OKLA
homa.
The Companies.
American Giaazton marks up prices
| on second quality products to Sl.05 a
| pound, five cents over price OF domestic
yarn.
Associated Gas e. Electric, gas output
| of system up IL per cent in IL months
| to April 30.
Beatrice Creamery Consolidated Dairy
| Products, meeting to act on purchase
offers of this company and National
Dairy Products postponed to May 70.
Bethlehem Steel-Court permits bonus
payments to officers pending decision
/ in stockholders suit.
Burns Brothers-Immediate carrying
! out Of reorganization plan contemplated
| receivership plaintiffs to continue Ell
forts to obtain accounting.
| General Motors--May Buick output
expected to be less than 1889 pro-
| duced in April.
| Middle States Petroleum, % cents
| initial class A dividend; Rusk County
/ production averaging 56,569 barrels
daily.
New York, New Haven & Hartford
Railroad April net estimated arounc
| 100000 against $l,300,633 earned
year ago; gross revenues OF 13 PEI
cent
st. Louis-San Francisco Railway
new financing to meet July bond
maturities of $l0,000,000 not. yet defi-
nitely arranged.
gross of 144 per cent, net operating
income of 1876 per cent; three months
gross OF 1871 per cent; net operating
income eff Ill per cent.
Island Creek Coal April output on
% per cent.
Pond Creek Pocahontas April Goa
output up Al per cent.
Westinghouse Electric 81 Manufac'
turing to give salaried employees twt
weeks to one month vacation without
pay as retrenchment measure.
Atchison, Topeka g. Santa Fe Rail
way reduces coach fares 20 per cen
between Chicago and California, ef
fective July to october 81.
1 Standard Gas e. Electric common
share earnings, IL months to Marcel
81, 1852.
Chicago & Northwestern Railway de