Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-17
CORPORATION
REPORTS
Trends AND PROSPECTS OF
LEADING ORGANIZATIONS

LEADING OhOAN1AA1IONo
BY the Associated Press.
NEW YORK, May 16.-The following
is today's summary of important cor
poration news prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Expectations of a general rise in
manufacturers prices for cigarettes,
from which large producers would de-
rive some benefit, apparently have lost
based largely on the announcement last
month of higher retail prices for popu-
lar brands by United Cigar Stores and
Schultz Retail Stores. This is nullified,
however, by today's news that these re-
tailers would place prices back on the
previous level of two packages for IS
cents, or 10 cents each.
International Paper, a subsidiary of
International Paper & Power, an
nounced news print price cut to meet
similar reductions of the large Canadian
producers in April. The Midsummer
catalogue of National Bellas Hess shows
reductions Of 5 per cent to 10 per cent
below current prices. Dividend omis-
sions were made by Walworth Co. and
Iron Cap Copper while Jaeger Machine
reduced the annual rate of its common
stock.
The Companies.
Cosgrove- Meehan Coal 1880 81 pre-
ferred share earnings, $1.43, against
$6.72
Duquesne Light preferred share earn
tngs, IL months to March 81, $52.62,
against $4728.
General Outdoor Advertising March
quarter deficit, $650,217, against deficit
$4e9 004 in 1880.
Hecla Mining March quarter common
share earnings 10 cents, against 80
cents
International Paper g. Power SUBJ
sidiary, International Paper, cuts news
months reduction by large Canadian
producers.
MacAndrews & Forbes Co. March
quarter common share earnings SIS
cents, against 66 cents
Nevada Consolidated Copper March
quarter deficit before depletion $56,995,
against net income before depletion and
Federal taxes $2,224,425.
Pet Milk Co. March quarter deficit
SAB, 438, against net income S88.850,
equal to is cents common share, in
1880.
Rochester Central Power 1880 COM
mon share earnings 80 cents, against
"A cents.
st. Louis-San Francisco Railway to
abandon reduced 2-centS-a-n1ile pas
senger fare
Scott Paper declares usual semi
annual 2 per cent stock dividend, with
regular quarterly 35-cent cash dividend
on common.
Walworth Co. omits quarterly 75-cent
preferred and 25-cent common divi-
dends.
Jaeger Machine cuts quarterly COM
mon dividend to 20 cents from 3lA
cents.
Pacific Telephone & Telegraph March
gross off 1874 per cent: net after taxes
off 144 per cent. Three months gross
off 17.9 per cent; net after taxes off
9 per cent.
American Brown Boveri Electric an
nual meeting further adjourned to
May %.
Baldwin Locomotive Works acquires
five subsidiaries of Cramp Morris In
dustrials, Inc.
Borg-Warner Corporation making
free wheeling attachment for Hudson
cars, offered by latter as optional
equipment.
Chicago, Milwaukee, st. Paul & Pa
cif1c Railroad-Results on 2 cents
mileage rate in local territory unsatis-
factory; experiment to be continued.
Chicago & Northwestern Railway I'M
decided as to continuance of expert
mental cents mile fare; results thus
far unsatisfactory.
Detroit Edison surplus after charges,
IL months ended April 30, of 14.6 per
cent.
Iron Cap Copper passes preferred
dividend; paid Is cents February 16.
Motto Meter Gauge g. Equipment
March quarter deficit $113,213, against
deficit $57,3 in 1880.
catalogue prices IS per cent to 20 per
cent under year ago and 5 per cent to
10 per cent below current prices; has
added 100000 new customers since first
of year.
National Cash Register-E. A. Deeds
to be chairman of board.
Philadelphia Rapid Transit-Old di-
rectorate approves cancellation of Nit
ten management contract and building
lease and repurchase of Market street
property by Mitten bank securities at
price originally paid by company; re-
adjustments cut overhead charges by
over $1,000,000 annually.
Tonopah Mining Co. of Nevada 1890
net income, $5,491, against $193,033.
Tri-UtilitieS Corporation-O Oklahoma
Governor orders institution Of custer
proceedings against this company and
American Natural Gas for alleged vio-
lation of State antitrust laws
United States Stores Corporation
1880 common share earnings 81 cents,
against $1.18.
Wheeling & Lake Erie Railway 81
back dividend on prior lien stock.
Cities Service Co. subsidiary to meet
" cent gallon cut In bulk gasoline
prices.
REQ Motor Car-Reported planning
to offer new six and eight cylinder
Flying Clouds at cheaper prices.
Texas Corporation subsidiary posts
East Texas crude prices ranging from
43 cents to 81 cents a barrel.
General Theaters Equipment-Has
devised new camera and protector per-
init handling of any width motion
picture film to 20 millimeters.
Fox Film-Debenture underwriting
syndicate reported dissolved; members
said to hold substantial portion of