Evening star., 1932-06-25
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, June 25-The follow
ing is q summary of important corpo-
ration news prepared by the Standard
Statistics Co. Inc, New York, for the
Associated Press.
News Trend.
Brokers loans on stocks and bonds by
reporting member banks of the Federal
Reserve IN New York City again
reached new low during the week.
Prospective industrial trends such as
witnessed in the dintnutive pace Of
larger enterprises do not indicate early
restoration of profitable operations
Steel demand during the first half of
1882, tn all probability Will be approx
mately so per cent below the 1881 level
Analysis Of possible takings by principal
steel consuming outlets during the
latter half of the year leads to the be-
lief that shipments in that period will
fail even lower, SO that despite the sub
stantial shrinkage in the ciosing months
of 1891, total ingot consumption in 1882
may fall as much as 40 per cent below
that Of the full 1881 year.
The Companies.
Associated Telephone & Telegraph
deferred action on quarterly dividends
on class A, 81 preferred, s6 preferred
and "a preferred shares; last quarterly
payments were made April /.
Continental Can unit volume declined
about 10 per cent from 1891 levels; dol
lar volume off about Is per cent.
Eaton Manufacturing omitted quar-
terly dividend on common stock; paid
1917 cents on May q 1882.
Firestone Tire q Rubber marks up
prices of solid tires II per cent; no
change made in prices Of other lines.
General Motors-Buick has increased
its July output schedule to $500 cars
from original schedule Of 2000 units;
output thus far in June totals 3,10O
units.
Naumkeas Steam Cotton declared
quarterly dividend Of rs cents; formerly
paid 81 quarterly.
New York Telephone Co. May gross
revenues, as reported to /. G. C., on
76 per cent; operating income on 80
per cent; five months gross OF 4.s per
cent; operating income on 81 per cent
Power Corporation of Canada, Ltd,
omitted quarterly dividend on common
stock; paid so cents May 20.
Reading Co. May net operating IN
come S917 ,3G7, VS.. $462, ,949 year pre-
vious; five-month total was $3,T0O'fsf'
VS.. s., ,599 ,96S.
Sears, ROeDuck q 20. sales, AOuI NOCAe
ended June 1S, of 1873 per cent; "a
weeks, of 20.5 per cent.
Standard Oil Co. of New Jersey ad-
vanced tank car prices Of gasoline one
half cent a gallon at all points except
New York.
Telephone Bond & Share passed
quarterly dividends on class A common
stock, Z per cent first preferred stock
and participating preferred; last quar-
terly payments were made April 10.
Universal Products Co. reduced quar-
terly dividend to Is cents; paid 70 cents
April / and so cents quarterly prior
thereto.
Electric Vacuum Cleaner Co. declared
a quarterly dividend Of Is cents ON
common stock; last payment was 90
cents on April Is, 1882.
International Silver Co. marks up
prices of plated silver fiatware about 20
per cent.
Telau .ogrsph Corporation declared Is
cents quarterly common dividend; pre-
viously paid IS cents quarterly; COM
mon share earnings, five months ended
May 81, 1882. 81 cents VS.. 81 cents.
Texas Corporation advances New
York harbor bulk gasoline price u cent
a gallon; unbranded gasoline IN tank