Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-09
CORPORATION
REPORTS
TRENDS AND PROSPECTS or
LEADING ORGANIZATIONS.

NEW YORK, August 8-The follow
ing is today'S summary of important
corporation news prepared by Standard
Statistics Co, Inc, New York, for the
Associated Press.
News Trend.
July sales reports from the chain
stores. which are now being received in
quantity, do not indicate as yet any
pronounced trend in comparison with
July Of last year. Kaybeen Stores and
H. G. Bohack have shown increases Of
around 10 per cent for July, whereas
MacMarr Stores, j. G.. Penney and
Winn 81 Lovett Grocery are OF from 2
per cent to Is per cent
The most encouraging feature in re-
tail trade today, however. Is the Sears
Roebuck report, which shows sales for
the first seven periods OF only / per
cent and share earnings for the period
from January 2 to July .l6. $l.2l. no
significant change from 1924 a share
earned in the comparable period of
1890
Advance estimates Of July automobile
output are reported which place pro-
duction of the United States and Can
ada at around 221 900 cars and trucks,
the lowest for any July since 1921, and
20 per cent under last July. In reach
ing such low estimate the chief con-
sideration has been the low rate Of
Ford operations. Excluding Ford cur
rent output, the industry in July Is
believed to have been somewhat over
last year, with another increase ex-
pected for August
The Companies.
Aluminium Industries common share
earnings, six months to June 30, $102
VS. $1.34 July sales and output up 40
per cent.
Knott Corporation common share
earnings, six months to June 80, $3.50
VS.. $1.62.
Sears-Roebu Common share earn
ings, before Federal taxes. period Janu-
ary,2 to July Is, 1891. S1.21 VS.. $l.24.
Sales of first of periods of per cent;
of ] per cent from year ago; lowest
inventory in five years.
United States Rubber-Deflcit six
months to June 80, $4,000, 202 VS.. deficit
$2,797, 403.
American Brown Boveri Electric
Participating share earnings six months
to June so, 81 cents VS.. 8 cents.
at $4,000 units.
Garlock Packing - Common share
earnings six months to June 80, 50 cents
VS.. $149.
Houston Oil-Common share earn
ings six months to June 80, Is cents
VS.. So cents.
Mcclellan Stores-July sales of 1872
per cent; seven months OF 3.5 per cent.
Melville Shoe-First seven months
unit sales up 100000 pairs over year
ago.
Mengel Co-$7 preferred share earn
ings six months to June 80, is cents
W. H6 CE
Newport Co.-Common share earn
ings, based on approximate income. six
months to June 80, 80 cents VS. $1.26.
United Light & Power-Commcn
share earnings, based on average num-
Der of shares outstanding, IL months to
June 80, $l.54 VS.. $40.
Brown Fence & Wire $40 preferred
share earnings. year ended June so,
$2l9 VS.. $3.97. Omit class B dividend.
per cent; seven months on ~ per cent.
Lane Bryant July sales of 81 per
cent; seven months OF "a per cent
MacMarr Stores July sales of 10 per
cent: seven months of 8.5 per cent.
Morrison Electrical Supply July sales
up 22.5 per cent; seven months of
slightly
Penney q. CT Co. July sales of
per cent; seven months of go per cent
united states Steel--Cafnegle'S Edgar
Thompson plant resumes operation.
Western Auto Supply July sales of
90 per cent; seven months off 10.2 per
cent. .
Western Union Telegraph June gross
of 1877 per cent; operating income up
1I6 per cent; siX-month gross of 1873
per cent; operating income on 0.6 per
cent
Railroad Shares declares l0-cent
common dividend; paid like amount
June Is.
Safeway Stores operating 2,595 stores
and 1923 markets July 81.
Spang. Chalfant & Co.-Expanding
electrically welded pipe division with
construction of addition to Cambridge
plant said to involve 100000.
Buffalo & SuSquehanna Railroad COM
mon share earnings, six months to June
80, S202 vs. 500