Evening star., 1932-05-22
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, May 21.-The followlos
Is today's summary Of important cor
poration news prepared by STANDARD
Statistics Co., Inc, New York, for tn;
Associated Press
News Trend.
Reports to mercantile agencies from
leading cities of the country indicate
that the past weeks trend OF trad;
was somewhat irregular. Seasonal
gains continue in evidence in some
lines but in others the peak has been
passed and a downward movement has
been assumed Wholesale and jobbine
demands continue dull. In the indus
trial division, steel output advanced
slightly, its production was about un-
changed while automobile out-turn
showed further expansion. Current
manufacture of shoes is at about the
level of 1891 with aggregate output thus
far in 1892 exceeding the same period
year ago by about l per cent.
The Companies.
Addressograph -Multigraph Corpora
tion-May sales slightly below year ago
Canadian Cottons, Ltd, April business
slightly under same 1881 month.
Chicago Great Western Railroad
Small surplus after interest indicated
for April; in April, 1881, had net income
of s57,967
General Electric Co. cuts automobile
lamp prices about 90 per cent.
Mesta Machine declares IS cents
quarterly common dividend; previously
paid so cents.
Pere Marquette Railway net loss OF
$1,779,112 expected for current year.
Westinghouse Electric & Manufactur-
cuts automobile lamp
prices an average of 20 per cent.
Jersey Central Power & Light gross
revenues IL months to March 81 up
329 per cent, net before retirements up
421 per cent.
Republic Gas Corporation-Receiver-
ship action filed against company by
holder of $4,000 first lien collateral
bonds.
Socony-vacuum Corporation - Sub
sidiary Standard Oil of New York, cuts
gasoline price cents gollon in New
York area. Also New England tank
car gasoline prices accent a gallon.
Ford Motor Co.-Producing $500 cars
daily at River Rouge plant; employing
about 10000 men; parts reported ord
cred for 100000 units.
Gulf Oil Corporation - Company's
Catatumbo concession reported saved
through filing Of motions to quash
pending suits for reinstatement Of Bar
CO concession.
Baltimore e. Ohio Railroad-War
Department approval Of plans for new
bridge across Hudson River reported
near.
Botany Consolidated Mills, Inc.-Re
ceiyers seek to discontinue operations
through transfer to Botany Worsted
Mills.
Consolidated Oil Corporation. --
files petition for equity re-
for company; asks diSsolu-
ton Of company which was recently
formed through consolidation Of three
units.
EQUITABLE Office Building expects to
continue new dividend rate for at least
IL months.
Kreuger g. Toll Co.-Direct and in
direct debts of late Ivar Kreuger COM
puted at s168, 800, 900; reported unse-
cured creditors may lose all; three
standstill agreement favored for
Swedish Match.
Standard Oil Co. New Jersey
Resolution introduced in Senate asking
Attorney General to report on proposed
merger of company with Standard OIL
Of California.
Youngstown Sheet & Tube-Appeals
Court upsets masters ruling forbid
ding collection of counsel fees by Eaton
group.
Brazilian Traction, Light & Power
Co., Ltd.-April gross of subsidiary
companies off 1879 per cent, net before
depreciation and amortization of III
per cent; four months gross OF 2l,1
per cent, net of 25.1 per cent.
United States Dairy Products Cor
porstion declared so cents dividend on
class A stock; paid $3.50 March l,
1882.