Evening star., 1931-06-07
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, June 6.-The following
is today's summary of important COR
poratfon news, prepared by, Standard
Statistics Co., Inc, New York, for the
Associated Press.
News Trend.
Steel ingot production during the
month of May fell below April and
May, 1880, averaging 96,365 tons daily
for the 26 working days, compared with
a daily average in April of 1O4,711 tons
for 81 days of May, 1880. Operations
during this May we're at the average
rate OF 1895 per cent of theoretical
capacity, below both the rate Of 1929
per cent in April and 1853 per cent
in last May. Although the drop from
last May is significant indication OF
the relative position of the industry
this year. the drop from April is to
be accounted for largely by the natural
decline for this season of the year.
Unofhcial estimates have been made
Of the volume of untitled orders that
the United States Steel Corporation
will report on June 10 for May 81,
which indicate a decline Of between
250.000 and 100000 tons below the vol
ume on April 80.
The Companies.
Bunker Hill 81 Sullivan Mining 81
Concentrating 25 cents monthly divi-
dend; to suspend further payments.
Caterpillar Tractor files patent in
fringement suit against International
Harvester Co.
Gimbel Bros holding concern exer-
cises option to buy former Cuyler
Building for $2,050 900.
MidUeet StafaS Utilities 1o20 net In.
come before depreciation and Federal
taxes, including subsidiaries irrespective
OF dates of acquisitions, $272, 2,446 against
$203,971.
Perryman Electric deficit, year ended
March 81, 1881 1894, against deficit
1922, ,466.
Prairie Pipe Line May crude deliveries
of 57.8 per cent
Walgreen Co May and five months
sales up 36 per cent.
Alaska Juneau Gold Mining May
profit Aefore depreciation, Federal taxes
estimated $l45.40O against S88. 400;
five months s6s2 1000, against $351.750.
American Brown Boveri Electric
Holders of Founders stock to vote on
sale of electrical business to Allis-
Chalmers Manufacturing and change in
companys name to New York Ship
building, also will be asked to approve
reduction in founders shares from
$500 900 to S2l2830
Baltimore e. Ohio Railroad asks I. C.
c. authority to operate Buffalo,
Rochester & Pittsburgh Railway, in
cluding lines of Buffalo &; Susquehanna
which latter would take over.
Bulova Watch common share earn
ings. year ended March 81, $2.24; earned
$5.04 in Is months to March 81, 1880.
Chicago Great Western Railroad
president states May net income equal
10 $22.6l7 Of some 1880 month.
F. & w Grand-Slv Stores Nav
sales off 30 per cent; S months up
0.2 per cent.
Fairchild Aviation 1880 deficit s871,- :
523 aginst deficit $2,094, ,480 in 1929.
Firestone Tire & Rubber common
share earnings. six months to April 80,
Sc cents, against % cents.
Grand Union Sales, weeks ended
May 80, off 6.3 per cent.
Loose -Wies Biscuit usual 10 cents
extra and IS cents quarterly common
dividends.
Pullman, Inc. April gross Of Pull
man Co.. reported to Interstate Com
merce Commission, $5,237,556, against
$6,247,l2l net after taxes. $7,559
against S165, 800; four months gross,
S22.057,5ll. against s26.037,2l7; net,
S0oo,SEo, SHdIIlSJ Sl Sl,0OS.lSo.
Radio Corporation subsidiaries seek
to enjoin Radio Commission from deny
ing applicat tions for radio frequency
licenses and ren-wals under section 13
of the Federal radio act.
Texas Gulf Sulphur - Madagorda
County increases assessed valuation of
company's sulphu. properties from sl5.-
0000 900 to $l8.6l5,903; company had
asked value be reduced to $8,000,000
Union Oil of California gets $500, 900
Navy full oil contract.
United Wall Paper Factories deficit
year ended April 80. s8.646. against net
income $677,790, equal to $l.31 common
share in 1880.
Freeport. Tex-Brazoria County in
creased assessed value of sulphur prop
critics of subsidiary in that county from
$4,000, 900 to $50, ,225,8
Federal Water Service Glass A share
earnings. II months to March 81, $2.62
against $3.l7.
Melville Shoe May volume sales up
TT per cent; 5 months. up 5.4 per cent;
% fewer stores opened than in May,
1890