Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-10
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

By the Associated Press.
NEW YORK, May 9.-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.
SoneSinterest attaches to the extern
sion Of the interest held by the Public
Utility Holding Corporation OF America
in the Societe des Forces Motrices de
Vienne. which will increase the large
holdings of the former. sponsored by
Harris Forbes interests, IN French
utilities.
In the corporation news the March
quarter report of United Aircraft q
transport shows share earnings OF 80
cents, against 80 cents for the same
quarter of 1890. not as unfavorable COM
parison as many other air companies
have shown. The management OF Brill
CORPORATION was upheld by the stock
holders after q proxy contest with
minority. Hrnilp. Peerless Motor Car re.
ports deAcit for the SIX months ended
March 81.
The Companies.
American Smelling & Refining lowers
price. of lead IS points to 3.85 cents
Atlas Tack March quarter deficit
sac. 329, against deficit $22,l67 in 1880.
Detsel- Wemmer-G Gilbert Corporation
March quarter common share earnings
So cents, against so cents.
Firestone Tire & Rubber reported 70
have cut wages Of factory hands by
per cent and increased working hours.
Mengel Co. March quarter defcit
S14426, against net income $l42.922,
equal to 26 cents common share in 1880.
Unhlled orders totaled 81 ,3l6, 900, against
S1sI9,000 a year ago
Missouri kansas Pipe Line completes
financing necessary in order to enaole
it TO pay pro rata share OF cost OF COM
pleting line of Panhandle-Eastern Pipe
line and other lines controlled directly
or indirectly.
Standard Oil New Jersey cuts Diesel
oil prices 10 cents a barrel at Baton
Rouge New orleans and Trinidad.
United Aircraft Il Transport March
quarter common share earnings 80
cents. against 80 cents.
Motor Wheel Corporation cuts quar-
terly common dividend TO Is cents from
37i5 cents: March quarter share earn
inzs 5 cents against II cents.
Alabama g. Vicksburg Railway 1880
net income S21e.43o, against s235, 1892.
Continental Gas g. Electric 1880 pre-
ferred share earnings s25.58, against
1891.
F. a. w. Grand-silver Stores had 2l4
stores in operation May 5, 1881.
I. G. Farbenindustrie. A. @. 1880 net
income S21 .234.260, against S22,943,3S5.
LudIun Steel March quarter net IN
come sl6.357. equal to 80 cents common
share. against deficit s49.842 in 1880.
Northern Central Railway 1880 net
income So. 166, 1853. same net year ago.
Panhandle Producing g. Rehnlng
March quarter deficit sl26.557 against
net income 1926. equal 10 SLOT pre-
ferTed share in 1880.
Paramount Publix- Paramount Films
of Europe subsidiary, 10 spend SoOOo,-
600 in current fiscal year
Patino Mines g. Enterprises CONSOLE
dated March quarter deficit sl636l8
against net income s150,569, equal TO
II cents common share in 1880.
Peerless Motor Car deficit, six months
to March 81 s20l .525, against net IN
come .499. equal TO So cents COM
mon share in 1880.
Simmons Co. April sales, excluding
subsidiaries, of 235 per cent; four
months, of 26.2 per cent: April sales,
Including subsidiaries, of rs per cent;
4 months. of 3l.4 per cent.
Standard Brands directors vote TO re-
deem $4,000 shares of 81 preferred stock
on July at sl2o; declare regular
quarterly si75 preferred and 80 cents
common divide DIS.
Universal r lures January quarter
net income. based on reValuation OF
prior seasons releases as of November
/. 1880. SoO.432, equal to cents COM
mon share. against deficit Sl8.8ll.
New York Telephone reported plan
ming 70 issue S75,000.oo0 bonds.
Brill Corporation-Mana sup
ported by stockholders after proxy night
with minority group
Hydro-Electric Securities Corpora
ton March quarter net income from
investment income only $806, 1897,
against s3l9.532.
Public Utility Holding Corporation re-
ported to be taking important part OF
capital increase Of Societe Des Forces
Motrices De vienne. adding to present
holdings.
Foster Wheeler Corporation contracts
on hand March 81 totaled S5300,000, a
drop Of 1922, 600 since January / and
s4.6Oo.o 900 under year ago.
Consolidated Gas Of New York
Construction budget for entire system
for 1881 totals S60.837,4 05, Of which
s7s,513,6oO actually would be spent in
1881.
National Air Transport. O. john
son elected president to succeed Hen
derson; latter chairman.
New Jersey Zinc March quarter COM
mon share earnings, A cents, against
es cents.