Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-30
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, July 30.-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.
The rise in steel operations was en-
couraging, especially as 1t was the nrst
time in many months that Independent
operators, exclusive of the Steel Corpo-
ration, had enlarged activity. Recently
average operations showed an increase,
hut then it was wholly due to United
States Steel, while last week the &C
tivity of independent operators was Tar
greater. Steel ingot for the week was
at about 80 per cent of capacity, com
pared with better than 81 per cent In
the previous week, around 81 per cent
two weeks ago and 57l2 per cent in the
corresponding week last year. Accord
ing to Dow, Jones & Co.. steel exports
in June. as reported by the Department
of Commerce, were 1888 tons, a oe-
cline of 1892 tons from May. while
imports rose SAB tons to 1888 tons.
The Companies.
Atchison. Topeka & Santa Fe Rail-
escheat suit against subsidiary, Coline
Oil Co. and Coline Gasoline Co. Suit
averred that Coline companies were
Dummy" corporations, with capital
stock controlled by AtchiSon. 1nJunc-
ton asked to halt operations.
Atlantic, Gulf & West Indies Steam
ship Lines May net deficit $12,652, VS..
surplus s2O,207; five-month surplus
1898, 1875, VS.. 1892 ,043.
Condo Mast Publications preferred
share earnings, six months ended June
80, Slip, VS.. $2.68.
Indian Motor Cycle deficit six months
ended June 80, $2s,425, VS.. oenclt
1868, 1872.
international Superpower liquidating
value June 80, $3.50, VS.. $31.34 Decem-
Der 81, 1880.
Lamson & Sessions Co. deficit six
months ended June 80, $209,3l9, VS.. net
Pittsburgh Screw & Bolt deficit six
months ended June 80, $50 1852, VS.. net
income $1,249,479, equal to SO cents
common share.
western Pacific Railroad June net
operating deficit, $5,266. VS.. income
$lO1, ZIP; six months deficit, $562, SIG, VS..
income $478, 1876.
Worthington Pump & Machine pre-
June 80, $1.32, VS.. 1851.
Young q. Al Spring l. Wire COM
mon share earnings six months ended
June 80, SLAB, VS.. 1882.
American Machine & Metals deficit
six months ended June 80, $85, 444, vs..
deficit 1924, 500.
American Bakeries-Common share
earnings % weeks ended July IL. "a
cents 7 months ended July 81, $l.64.
Allied International Investing-Liqul-
dating value June 80, $34.78 preferred
share VS.. $3.50 December 81, 1880.
Childs Co. passes quarterly common
dividend: paid so cents June 10.
Ford Motor-All manufacturing plants
to be shut down August l for an in
definite period, throwing $4,000 men out
of work. with no reason stated. Eleven
of SO assembly lines in country TO run
on curtailed schedule. Introduction OF
new car anticipated. with longer wheel
base. slightly larger motor, heavier parts
and larger body. and a modined Borg
Warner free wheeling unit.
Gobel adolf, Inc.-Net income IL
weeks ended July II, 42,7o3, equal to
10 cents a common share; oenclt SO
weeks ended July II, $306.048
Southern Railway Co. officers volun-
tarilv reduced their salaries; does no,
contemplate reduction of wage scale
covered by contracts with organized
labor at this time.
American Car & Foundry receives
order for 225 container cars from l..
C. L. Corporation.
Armour 81 Co.-Salaries to be re-
duced 5 to 10 per cent; wage basis en-
ployes' scale unchanged.
Federal Screw Works deficit six
months ended June 80, $65,712 VS.. net
income $500, 342, equal to $1.S3 a COM
mon share.
Hoskins Manufacturing Co. common
share earnings six months ended June
80. $l.15 VS.. $3.50.
International Shoe Manchester
plants on overtime schedule: produc-
ing $1,000 pairs of shoes daily.
New York Dock-June quarter COM
mon share earnings, SO cents VS.. sc
cents: six months, cents VS.. $1.43.
Rollins Hosiery Mills common share
earnings "a weeks ended June 20, IL
cents VS.. IA cents for like period ended
June 81, 1890.
Shattuck Drank Co. common share
earnings six months ended June 80, 81
cents VS.. $1.06.
Southwest Gas Utilities passed divi-
dend on preferred stock; paid $1.622
May l.
Texas Corporation subsidiary ad-
vances prices for Gulf Coast crude oil
ranging from 40 cents to Sc cents a
barrel.
Ulen & Co. common share earnings
six months ended June 80, IS cents VS..
$1.67.
Warner-Q uinlan deficit six months