Evening star., 1931-06-25
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

News Trend.
Electricity production for last week, as
reported by the National Electric Llgnt
Association, declined to 1878, ,l85, GOO
kilowatt hours, a drop of 2,035,oO0 k1lo-
watt hours from the previous week ana
76,319,0O0 below the like 1880 week.
The reduction from last year in the At
lantic seaboard region was Ia per cent;
the Buffalo to Milwaukee region, S.3 per
cent, and Pacific Coast, 6.1 per cent.
MAY cigarette production was 10,447,-
$50 I8O, an increase of LAG, ,9l2 ,667 over
May, 1880, and 720,726,513 below two
years ago First five months production
was ahead of any like period in tobacco
history.
May cigar production was 1913 per
cent below last year, the only group
showing an Improvement being the
nickel cigar division, which showed
2.44 per cent gain.
Manufactured tobacco output was
sos per cent below May, 1880, and snun
declined LOS per cent.
PENNSYLVANIA Railroad reduced dlvi-
dend to 75c, thereby placing the stock
on a So basis, against $4 paid previously.
French Cinema Control Commission
removed all import restrictions on
American films for one year beginning
July l. The general belief is that this
the ruling is only temporary.
The Companies.
Main Central Railroad-May surplus
after charges, S13,017, against 81, 1,5l5;
five months, S34,71l, against $523'S4O.
North American Car-June quarter
net to show little change from figure OF
f3rst three months; entire fleet tank cars
in use.
Philadelphia Rapid Transit, sub
sidiarv, Chester g. Philadelphia Railway,
declares 37Ia cents dividend; PAID 62H2
Pressed Steel Car receives two new
orders mounting to 100000.
Cavanagh-Dobbs, Inc, SUBSIDIARY,
Crofut & Kanpp, reported to nave
taken over assets of DobbS q Co., also
a subsidiary of company.
Columbia Graphophone Co, LID
Time to deposit American shares eX-
tended to June 20. 81,
New York Air Brake-25 cents divi-
dend; paid 40 cents May l.
Atlantic. Gulf & West Indies Steam
ship Lines April surplus after taxes and
charges $454, against $2O5. .32O; 1our
months, S41o,847, against 81 ,24l 1856.
Canadian Cottons Ltd, reported
operating close to 70 per cent OF ca
pacity.
Consumers Power May gross earnings
off 81 per cent; net after taxes up 3.9
per cent; five months gross of 4.5 per
cent; net after taxes up 2.6 per cent.
Globe Underwriters Exchange 1880
net income SITS, ,646; had net income OF
$74,O in period March Is to December
81, 1929.
Lehman Corporation stockholders ap-
held in treasury.
National Short Term Securities
March quarter net income $l06,020,
against S45, 900.
Oklahoma Natural Gas March quar-
ter net income before amortization and
Federal taxes $1,491,676, against ST.
,329.
Pepperen Manufacturing, $1.50 quar-
terly dividend: formerly paid 81.
Pittsburgh Terminal Coal files in
junction proceedings in Federal Court
to prevent sale of property for unpaid
taxes and interest amounting to $378,-
$685.
Radio Corporation - Federal Radio
Commission decides to renew licenses
of company which were under dispute
because of company's violation OF anti
trust laws.
Sinclair Consolidated Oil posts fiat
Texas crude oil.
Tech-Hughes Gold Mines, Ltd, COM
mon share earnings, nine months 10
May 81, 81 cents, against 45 cents.
United States Radio & TeleviSlon
radio receiver output over 1,5OO sets
daily
Insurance Securities, 10 cents quar-
terly dividend; formerly paid l712 cents.
Liggett & Myers Tobacco advances
price of Chesterfield and Piedmont
cigarettes to S6.85 thousand.
IT ISrino
cigarettes marked up As cents thou
sand to S6.85.
es-Bement-Pond subsidiary, Pratt
& Whitney, obtains contract for special
machinery from General Motors, WORK
on which will necessitate night ana Gay
forces until September.
PENNSYLVANIA Railroad-Board sane
tions cut of 10 per cent in salaries OF
executives and officers; electrlncatloh
program to be continued. 40
Havana Electric Railway 1880 20
preferred share earning Sl.55 VS.. SI.oo'
Iilly Tulip Cup common share earn
incs. five months to May 81, Sl.63 VS..
$173. .,u,o,
United States Industrial Alcohol
passed common dividend; paid SO cents
NAV l and 81 so quarterly prior thereto.
Abitibi Power & Paper passes dlVl-
dend on 6 per cent cumulative pre-
ferred stock; paid $1.50 April 20:
Cavanaugh-Doobs, Inc, dehclt, SIX
months to April 80, $564,l23 VS.. deficit
SITS, ,935 in 1880.
International Paper & Power no
dividend action taken on per cent ana
: per cent preferred stocks of this COM
pany and subsidiary, international
paper Co.; paid $3.50 and $l.75 on
per cent and per cent preferred
stocks of both companies, respectively
in April Is.
Reading Co. May net operating in
come S462949 VS.. $l,301 Sol; hVe
months So 500 1858 VS.. s4,851,15l.
Allegheny Steel, 10 cents common dlVl-
dend; previously paid Is cents monthly.
American Car Sy Foundry, 81 preferred
share earnings year ended April 80,
S469, against $17.88.
Auburn Auto export sales six months
ended May 81, 1920 units; total sales,
25.021 units.
Chapman Valve Manufacturing initial
dividend of 25 cents on new S25 par
common: old, 500 par common, which
was split q for 1. received 81 quarterly:
Colonial Beacon Oil-LowerS price of
gas in New York to 5l2 cents gallon:
Douglas (W. L. Shoe Co., obtained
profits in past quarter; directors decide
to omit preferred dividend ordinarily
payable July l.
General Gable advances bare copper
wire price "a cent to 1012 cents a
pound.
Grocery Store Products-March quar-
ter common share earnings 20 cents,
against IL cents.
Texas Corporation, subsidiary Texas
Pipe Line, closes carrying contract with
Plymouth Oil providing for minimum
carriage of 5000 barrels of crude daily
at rate of 321a cents barrel
Anaconda Copper Mining-3712 cents
regular quarterly dividend.
Heyden Chemical-50 cents common
dividend; same payment made Decem-
ber s. 1880.
Ann Arbor Railroad-May deficit
S19.8O8. against net income 1889; five