Evening star., 1931-06-03
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, June 3.-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.
Iron Age estimates steel ingot output
during the past week at AZ per cent OF
capacity, reduction from A per cent
the week before and continuing the
gradual decline that began in the mid
die of March. Pig iron production for
the month of May also showed drop OF
As per cent, which might have been
expected in view of declining ingot out
put. The composite price for nnlsneo
steel products, as calculated by the Iron
Age, now is 2.102 cents pound, only
little over the low OF 1898 cents
pound for the last serious depression on
February %, 1922.
Freight car loadings for the week
ended May % increased 1883 cars over
the week before to total OF 755,O!l.
AS has been the case in recent weeks
the increase though favorable in ITSELF
still falls short of the normal increase
for this week Of the year.
The gain in daily average crude Oil
output of 24,967 barrels in the week
ended May 80 over the week before, as
estimated yesterday by the Oil and Gas
Journal agrees with today'S estimate
by the American Petroleum Institute.
Once more the gain IS accounted 1or
by an increase in East Texas output OF
ALSO barrels daily, compensated for
in part only by $4,000 barrels decrease
in Oklahoma.
Several dividend cuts are worthy Of
notice in today's corporation news, par
ticularly those by youngstown Sheet
and Tube and American Car and
Foundry.
The Companies.
Admas-Millis Corporation.-May ship
ments off IL per cent, five months on
as per cent
American Encaustic Tiling March
deficit $124,715, against net income
$2031 in 1890
cities Service Subsidiary, Crew Levick
Co. cuts Pennsylvania grade crude oil
contract price to $l.85 a barrel. .1
Dominion Stores, Ltd. sales ana
earnings running ahead of 1880.
Douglas Aircraft sales, six months
ended May, 81, up Sc per cent; un-
filled order May 81, 1881, $2,466, ,355,
against $3.387 500 December l, 1880.
Maine Central Railroad seeks to &C
uuire outright Upper Coos and Coos
Valley Railroad properties, which it
now controls through stock ownership.
Missouri-Pacific Railroad.-I. c. c. in
supplemental report on company's pro-
posal to lease % of its system lines
held company must maintain through
routes and Joint rate arrangements Win
Connecticut carriers.
National Standard Co. common share
earnings, seven months to April 80,
1922. against $1.09.
Pacific Gas g. Electric.-Steps taken
for liquidation of Great Western Power
of California and conveyance of prop
critics to this company which hold 10
per cent for its outstanding stock:
Pierce-Arrow motor car. = President
states years preferred dividend needs
covered in first four months.
Shell Union Oil subsidiary reduces
gasoline price to II cents a gallon
from IL lilo cents, including State tax
Sinclair Consolidated on subsidiary
cuts third rate gasoline price to z cents
a gallon from lilo cents, excluding
8 cents State tax.
Southern California Edison Co., Ltd.
over SO per cent Of rights to new issue
of $25 par value common stock exer'
cised.
Stanolind Gas price in Detroit to
cents a gallon from 8 lilo cents, ex-
cluding cents State tax.
Auburn Automobile usual per cent
stock and 81 cash dividends on common
shares.
Mead. johnson & Co. usual so cent!
extra and IS cents quarterly common
dividend.
Warren Bros. expected to show sub
stantial earnings on common stock thi
wear with fixed charges covered abou
four times; bookings for year have beel
satisfactory, paving contracts about 81
Aag cent above year ago