Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, April 18.-The follow
ing is today's summary of important
corporation news prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press.
News Trend.
A constructive development is re-
ported to have taken place in the
oil industry, in the form Of an agree
ment reached between the major pro-
ducers providing for limitation Of pro-
duction on the basis of Nationwide
supply and demand. The placing of
such . general plan In operation, how
ever, Is very difficult, and requires
much adjusting. At the present time
it is not believed that much Importance
can be attached to the above report.
Wholesale prices, according to the
Department Of Labor index, showed q
decline in March of / point to 745
from 75.5 (1926-100), continuing the
2 points below January. This March
is 1853 points below March, 1880, when
the index stood at o0.8.
With copper prices in this country
generally admitted to be too low for
the health Of the industry as con-
stituted at present, today's report of
increased world copper production In
March can not be considered favorable.
United States output in March also
increased. Figures of world stocks at
end Of March, which would carry more
significance, are not at present avail
able.
The Industries.
Building residential contracts in New
York area in March quarter rose to
IS per cent over like quarter 1890:
other classes Of building showed losses;
aggregate showed decline OF $50, 0O0,-
600 or 81 per cent from same quarter
OF 1880 according r. w. Dodge Cor
poration. Copper-World output of cop
per in March totaled 1865 tons
against 128,685 In February and l29,-
800 IN January according to American
Bureau of Metal Statistics; United
states copper production in March
was 1892 tons against SIS ,229 in Feb
rusry and 53,429 in January. OIL
Major companies agree on stabiliza-
ton plan providing for limitation of
production on basis of Nationwide
supply and demand.
The Companies.
Anglo Chilean Consolidated Nitrate
Consolidation with Lautaro Nitrate and
Compania de Salitre de Chile ratified.
Atlantic Refining March quarter def
cit S2,162,800, against net income ST.
124.So0, equal to AZ cents common
share.
Buffalo, Niagara & Eastern Power
1880 common share earnings S4.97,
against 1924.
Kansas Electric Power 1880 81 pre-
terred share earnings s2l.51, against
S26.73.
Magma Copper March quarter COM
mon share earnings before Federal
taxes, 81 cents, against IS cents. First
quarter output refined copper 7,245. 38o
pounds. against $3.50 900 year ago;
costs after deducting gold and silver
values were $50 cents, against 1927
cents.
Memphis Natural Gas sales up 10
per cent; ~ months up 81 per cent.
Pathe Exchange deficit year ended
December 81 s2,007,77I.
Seagrave Corporation March quarter
oe1cit $22,4lS, against deficit SAL .447
Allied Chemical & Dye-Total expen-
ditures on Hopeweil Atmospheric Nitro
gen project TO be less than $50 900 900;
expended $40, 600, 900 to April IS.
Allied Motor Industries 1880 deficit
$685., 300, against net income S2il 500
equal 70 AZ cents common share in
1929
Alpha Portland Cement common
share earnings II months to March 81
Esl
American Transformer 1880 deficit
S2S,506, against net income sos, 1863
equal 10 s2.65 common share in 1929
Armour g. Co. (IllJ tonnage sales
running rs per cent ahead year ago
prices on average about 25 per cent
ahead year ago; prices on average about
rs per cent below 1880 levels.
British Columbia Power, Ltd, March
gross OF "a per cent; net earnings of
1877 per cent: 8 months gross Of o.
per cent, net up III per cent.
Chicago Yellow Cab March quarter
common share earnings. Sl02, agains,
S122.
Erie Railroad common share earnings
estimated $50.
Federal Water Service operating reve-
nues up al par cent in IL months tc
January 81; net income after subsidi-
aries preferred dividends of 149 pei
cent
Klein ID. EmiD Co. first quarter sales
up Is per cent.
New York. New Haven g. Hartford
Railroad 1881 common share earning;
estimated S090.
Pennsylvania Coal g. Coke 1880 deficit
$2S.250, against net income Sl09.420
equal to Sc cents common share in 1929
Reynolds Metals Co. earned IS cents
@ common share in March quarter
against 20 cents in 1880 period: expect:
20 show rs cents for second quarter.
United States Rubber--PreSident state
economies will allow profit in curren
year II unit volume is maintained a.
1880 level; so far operations have beer