Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

BY the Associated Press.
NEW YORK, May 6.-The following
is a summary of important corporation
news prepared by the Standard statis-
tics Co., Inc, New York, for the Asso-
ciated Press:
News Trend.
Steel inpot production during the
mast week showed an increase in GER
tain sections, particularly Buffalo, ana
a small decrease in Birmingham, East
ern Pennsylvania and elsewhere, &C
cording to the Iron Age. For the coun-
try. as a whole, the output Is estlmateo
at AZ per cent of capacity, which COM
pares with AZ per cent the week before
AZ per cent two weeks before ana Oh
per cent three weeks before. Inc 1act
that this weeks figure represents lower
operations is offset by the evident re-
sistance shown to decrease in produc-
ton in the last two weeks. On the
favorable side also must be welghec
the higher pig iron output during April
and growing demand reported again LOT
pipe line and other construction. On
the other hand, less ecouraging factors
are introduced by the loss three blast
furnaces during April. further declines
in melting scrap prices, considered sig
niflcant and lower rail production.
Revenue freight car loading for the
week ended April Is, reported today,
showed a small decrease OF 730 cars
below the week before to total OF
759.272. The amount of this drop is
small, but it is rendered slightly more
unfavorable when it Is considered that
the normal trend for this week OF the
year is upward. The greatest losses Tor
the week appeared in freight classlf1ca-
lions, including merchandise In less.
than carload lots, forest products ano
grain; the greatest gains in coal ano
ore.
ported in large numbers, show no
definite trend. Kresge shows April
sales IL per cent below last year, F.
81 w. grand silver shows small gain,
Bickford's, Inc, a 81 per cent gam,
and G. r. Kenney l9 per cent Joss.
Dividend cuts or omissions again APP
pear prominently In the corporation
news Of the day, particularly the omis-
sion of the common payment by Ohio
Oil, and the cuts by Vacuum OH and
Munsingvear.
The Industries.
Acknowledgement automobile n
nancing Of retail sales by 428 organl-
cations totaled SOL ,970,730 for 237 1895
machines. against 500 ,304,773 for 49,
$50 machines in February and $l23,
! 723.1O6 for 3I5.879 machines March
| 1890: March quarter retail financing
! S22O. 152.238 for 572,575 cars. agalnS!
S2S3, O30.7l5 for 68l TOT cars. April
automobile production in United STATES
and Canada totaled 348 300 cars ano
| trucks against 2S9. 334 in March anc
ass, 28l in April. 1880. according to esti-
mate by National Automobile Chamnei
of Commerce, months l,046,399 units
against 1.514970.
! Oil-Daily average crude output. Weel
ended May Q, was BATS, 100 barrels, 5O,
300 barrels over preceding week, pu
10000 under like 1880 week, accord
ing TO the American Petroleum 1nstl
tute Greatest gain reported from Eas
Texas: smaller gains in Oklahoma ant
West Texas Gasoline stocks at weel
end fell to 1858 900 barrels from 40,
451, 900 week before. while gas and fue
oil stocks rose to 1877, 1877 900 from 1877,
4Ol 900 barrels. Reflneries during weel
operated at 672 per cent of capacity
against 68.l per cent week before.
Railroad-Freight car loadings, weel
ended April IS. totaled 759,272 cars
100 cars under preceding week. l47 go
cars under 1929 week. Only gains dur
ing week were recorded by freigh
classifications including coal, ore an
live stock, while all classifications wer
under 1880 week. Aggregate net oper
ating income OF all class ! roads Il
! March off 25.8 per cent; February de
cline was Al per cent; three month
of 1877 per cent.
Copper-Electrolytic copper sold a
! cents a pound, 4 cent below recen
low price Of ga cents; volume small.
nd
by 1885 factories amounted to 29,l54