Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-21
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, June 20.-The following
| is today's summary Of important cor
| poration news prepared by Standard
Statistics Co., Inc, New York, for the
| Associated Press:
News Trend.
Reports to the mercantile agencies
from the leading centers of the country
| indicate that seasonal slacknesS has de-
| veloped in trade after a temporary halt
| In downward trend. Demand for sea-
sonal goods continues active, but in
! frany cases Is below expected levels.
Sentiment in wholesale lines has be-
come brighter because of moderate COM
mittments by retailers who are replen-
ishing low stocks. The weeks record
of commercial failures showed improve
ment, total being 467, against 474, in
previous. and 487 in same 1880 week.
The Bureau of Labor index of whole
i sale commodity prices registered a de-
crease of ga per cent last month.
| Farm products recorded a loss of Al
per cent last month, and items in the
food group 31s per cent. Retail prices
for May also continued their down.
trend, decreasing about 212 per cent,
according to the bureau Compared
| with year ago, retail prices have
| fallen 1914 per cent, and wholesale
| prices exactly 20 per cent.
The Illinois Senate has killed the
| chain store tax bill by postponement to
the next session. Measure proposed a
/ three units of chain system and 81 900
annually for each additional store.
The Industries.
Building-Bureau of Labor statistics
| reported the May estimated cost of
buildings declined 19.5 per cent below
| April, residential being off l8 per cent
and non-residential Of 2o,9 per cent.
| Observation-Disclosures and natural
gas companies April revenues we're
per cent below the same 1880 month,
according to the American Gas Asso-
citation, manufactured gas revenues de-
Ginning per cent and natural gas "A
per cent
| The Companies.
| Alpha Portland Cement, Is cents
common dividend; similar payment
made April IS.
Mexican Light g. Power 1880 net
income. $l,l65,612, against $l,177,859
in 1929.
shubert Theater Corporation deficit,
IL months to May 81, $l,665.110.
Abitibi Power g. Paper-Reported
Provincial Paper. subsidiary, covering
operating costs with margin.
| Canada cement sales, fiscal year
ended June IL, reported below like
period year ago; operations reported
about IS per cent of capacity, but all
OUTPUT not sold.
Kansas City Southern Railway (in-
Guiding Texarkana & Fort Smith Rail-
way) May net operating revenue off
1913 per cent; five months of 1875 per
cent.
Middle West Utilities common stock
offered in exchange for first and second
preferred shares of Suburban Light g.
Power.
Pittsburgh Terminal Coal-Union
rejects wage offer of about S420 a day
| for steady work: to resume operations
| on omen shop basis
Public Utility Holding Corporation OF
America proposed reducing stated value
| of class A and common stock to SIS a
| share TRANSFERRING difference to surplus.
st Louis-San Francisco Railway May
surplus after charges estimated at $10,-
600.
! Sears, Roebuck & Co. sales four
weeks to June Is, off 5.3 per cent; "a
weeks off ~ per cent
| Southern Railway shopmen accept
flve-day working week
Standard Oil of New York subsidiary,
General Petroleum, raises gasoline
prices to dealers on Pacific Coast to
| Is cents a gallon.
United States Steel subsidiary, Ameri-
can Bridge, to build 670-foot bridge for
Louisville & Nashville Railroad over
Ohio River
Southern Natural Gas SITS quarter
ly dividend on preferred stock, payable
In dividend certificates maturing May
81, 1882.
Abitibi Power g. Paper currently
operating two of eight mills.
| Northwest States Utilities 1880 net
income before depreciation, $299,812.
| Pennsylvania Railroad-New Jersey
Utility Commission invites officials to
discuss consolidation of Southern New
Jersey properties with those OF Read
| ing Co.
Chesapeake & Ohio Railway May
surplus after charges of 21.8 per cent;
| five months OF 25.9 per cent.
REQ Motor car voting trust formed
early in 1880 terminated.