Evening star., 1931-04-12
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, April 1.-THE following
is todays summary of important cor
poration news prepared by Standard
Statistics Co. Inc, New York, for the
Associated Press:
News Trend.
AS pointed out before, crude oil pro-
duction in East Texas is not restricted
for the present. as result of q temporary
Injunction obtained against enforcement
of proration orders in that district, and
this lligh-grade oil Is selling at prices
as low as 20 cents a barrel. This situa-
tion is threatening price structure over
a broad area Reports indicate that
further cuts in the price of Mid-Con-
tinent Crude are not unlikely as re-
suit. and that the success of proration
agreements in other producing areas is
seriously endangered.
Encouraging news for the sugar in
dustry comes from the International
Sugar Conference in Paris, which has
reached an agreement on world selling
policy. No price limit is fixed, and there
is no allotment of exclusive selling re-
gions. Limitation is TO be placed on
production by quotas, as previously
established, with the understanding
that, when the price reaches 2 cents
f. O. b.. Cuba, 5 per cent of stocks may
be marketed and at higher price levels
additional portion Of stocks will be
released.
Refined copper price has recovered to
10 cents q pound from the low levels OF
934 and 9j2 cents prevailing before
Further encouraging news, probably not
unconnected, is contained IN the statis-
tical report for March which shows
lower stocks at the end Of March, as
compared with February, and with
March Of last year. Production for the
month, however, is reported above
February.
Efforts to effect a merger Of Canadian
newsprint producers having difficulties
are reported TO be increased by threats
Of price cutting.
The Industries.
Railroads. c. c. TO issue supple
mental order clarifying and adjusting
certain Western grain rate schedules
MldWestern roads TO test lower round
trip coach fares between points East
Of Mississippi
Sugar = World Sugar Conference
reaches agreement on uniform price of
sugar, providing that when market
reaches 2 cents pound I. o. b. Cuba
the specified export quotas will be in
creased by 5 per cent.
Copper-Domestic price Of refined
DDuIlQ
from previous levels Of 9i2 cents and
90 cents. Stocks Of refined and blister
copper in, North and South America at
end OF March totaled 553.016 short tons,
against 566,853 in February and 574-
464 in January, according TO American
Bureau Of Metal Statistics. Stocks of
Teflned copper alone at end of March
were 354,205 tons, against 1863 ,629 in
February and 256 ,02O IA March, 1890.
e
l02,056 tons, against SO ,853 In February
ana 127 064 in March, 1880; shipments
were III ,482 tons in March, against
l0O,05l In February and 104, l67 in
March, 1880
Aircraft-February aircraft output OF
As Of major manufacturers aggregated
172 commercial and military alrplanes
valued at Sl.564,ll5, according to Aero
nautical Chamber OF Commerce, COM
merclal and military airplanes sales in
February tOtaled 1853 units, valued at
81 ,923474; production Of commercial
a1rplanes increased from So units, VAL
ued at S246435, in January To 80 units,
valued at 1853 ,480, in February; mill
tary production and sales in February
totaled "a, against 80 units.
The Companies.
AliS-Chalmers Manufacturing, SC
cents quarterly common dividend for
merry paid rs cents.
American Telephone & Telegraph
February gross Of Is per cent. oper-
atlng income up 80 per cent; two
months gross of I8 per cent.
Associated Gas g. Electric gross, in
cludIng other income, II months ended
February %, up 1873 per cent; surplus
after charges, after preferred dividends
Of subsidiaries, Cf 80 per cent;
Rochester Gas 81 Electric. subsidiary,
seeks authority 70 transfer system To
New YORK State Electric & Gas, also
subsidiary.
Baldwin Locomotive WoTks-Consoli-
dated untitled orders March 81, 1881,
totaled $500 600, against $6,27O, 900 on
January !, 1881.
Boston & Albany r r 1880 common
share earnings based on income re-
ceived from lease of road TO New York
Central, 1886, same as year ago.
Chrysler Corporation cars in hands
Of De Soto dealers currently number
about 5000 units, against 1000 year
ago.
Consolidated Aircraft 1880 common
share earnings % cents, against 81 64
Davenport Hosiery Mills March quar-
ter common share earnings S208
against 70 cents.
r. H Macy g. Co offering Of real
estate mortgage bonds, 70 return work
ing capital 70 normal level, thought
likely.
Minnesota Mining e. Manufacturing
1880 common share earnings 79 cents,
against $l42
Nash Motors declares 81 regular
quarterly dividend.
Transue e. williams Steel Forgings
March quarter deficit s36,249, against
net income. before Federal taxes, S29,
3l9, equal 10 % cents common share in
1880.
Unikd Hotels Of American 1880 pre-