Evening star., 1931-05-12
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

BY the Associated Press.
NEW YORK, May 12.-The following
is a summary of important corporation
news prepared by the Standard status
tics Co.. Inc, New York, for the Asso-
ciated Press:
News Trend.
Advance estimates placed refined cop
per stocks in North and South America
on Nav l above stocks the month oe-
fore, and some of the price weakness
in evidence recently was contributed 10
by such estimates. The figures re-
leased today by the American Bureau OF
Metal Statistics confirm early eXpecta-
tions. Refined stocks rose to 367,921
from 354,204 short tons on April l, and
both refined and blister stocks taken to-
pether rose to SOL 1877 from 553,016 tons.
1t should be observed, however, that
the refined stocks are not far ABOVE
those on hand on March /, and that
the combined stocks are less than they
we're on March l, and that April pro-
duction of copper was below ootn
March and April Of 1880.
Daily average crude oil output DUR.
ing the week ended May 9 declined
mo 500 barrels from the week before, to
2,371 ,039 barrels according TO the on
and Gas Journal. This Is the first sign1h.
cant decrease in several weeks and. II
continued, might be interpreted to mean
that the difficulties in effectively limit
ing output had been met. The current
average is we'll below the level OF year
ago. which is in itself significant and
in most fields production is believed to
be effectively prorated at present. Re
cent reports have indicated that prora-
ton in Southwestern fields, where cur
tailment has been most difficult, may
become effective soon. The figures
showing daily averages for different
producing sections, which will appear
tomorrow, will be particularly inter-
esting.
Automobiles sales to consumers by
General Motors in April were "a per
cent over March, an encouraging FACTOR
even though some increase Is normal
at this time. Sales to consumers in the
month were over sales by the cor
poration to dealers, indicating some
strengthening of the dealers position,
Dividend cut by Paramount Puollx
Corporation is of outstanding interest
in the corporation news of the day, as
is also an unfavorable March quarter
report of New York Central.
The Companies.
Budd Wheel April wheel shipments
I'D $4,000 over any previous Apr1l;
months, 1882 ,438, against 1,961,945 for
full 1880 year.
Chicago & Alton Railroad April de-
ficit after charges, $225,293, against
deficit, $42l ,408; months deficit, ST.
4S4.2l9. against deficit $1,3l2, ,744.
Delaware, Lackawana & Western Rail-
road planning new car retarding switch
ward at Buffalo to cost over $2.0000 900.
Paramount PubliX Corporation 62l2
cents quarterly common dividend;
formerly paid 81.
Pure Oil Co. first quarter inventory
charge off totaled $2.080,000.
Central & Southwest Utilities f1rst
quarter gross of subsidiaries of Al per
cent. net before depreciation OF per
cent; IL months gross OF 80 per cent,
net up 4.8 per cent.
Cleveland Electric Illuminating COM
mon share earnings. IL months to
March 81. $2.66, based on 2,554,700
common shares, against SAB, based
on 1.702 $50 common shares in 1880.
General Motors April sales to domes-
tic consumers totaled 1868 cars, "a
per cent over March, against 142,o04
cars in April, 1880, which was is per
cent over March, 1890; April sales to
domestic dealers totaled 132,629 cars,
less than number sold to consumers.
against 1896 in April. 1890; total
sales to dealers, including Canadian