Evening star., 1932-05-10
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, May 10.-The following
is a summary of important corporation
news prepared by the Standard Statis-
tics Co., Inc, New York, for the Asso-
ciated Press:
News Trend.
Automobile production showed the
best gain in many weeks. rising to a.
Nav 7, according to Grams automotive
reports In the previous week output
amounted to 37,459 units and in the
correspondence period Of last year the
total was 76,733 units. The principal
cause Of the upturn was sharp gain in
Chevrolet output and sligth increase
in Ford production.
The Companies.
Associated Electrical Industries, Ltd,
1881 net income fl68,438 VS.. f265, ,318.
Crosley Radio Corporation deficit, IL
months ended March 81, $l39,o91 vs..
deficit $917,648.
Florida Power & Light net income,
IL months ended March 81, 1882, ST.
688, ,174 VS.. $2,134,985.
Gulf States Steel Co. cuts wages and
salaries 10 to Is per cent, effective May
49, operating around rs per cent Of
capacity.
National Public Service Corporation
have indicated that directors will omit
quarterly dividends on preferred, class
"A' and class "B" common stocks at
next meeting.
Pan American Petroleum g. Transport
new holding company, American
Foreign Corporation, formed to take
over foreign properties of company.
Pennsylvania Power g. Light net in
come IL months ended March 81, 1882
$40, 790,045, VS.. $9,149 ,638.
Republic Steel -Oper-
ations resumed at Warren plant; out
put in Youngstown district averaging
20 per cent of capacity.
Studebaker Shipments
of Rockne Motors TO April 80 totaled
Il ,240 cars; May retail sales expected
to exceed April, which we're sharply
above previous months.
United Fruit Co-Banana shipments
of about 10 per cent in current year.
Associated Gas g. Electric Co.-Gross
operating revenue of system IL months
to February % of 0.4 per cent; net be-
fore interest and subsidiary preferred
dividends of 7.6 per cent.
Reeves DanieD, Inc.-Sales five
weeks to April 80 off 1866 per cent; four
months of 14.8 per cent
Texas q Pacific Ry.-Court denies
company authority to drill for oil along
rights of way.
Consolidated Cigar Corporation COM
mon share earnings quarter ended
March 81 Is cents, vs.. $1.04.
Pond Creek Pocahontas Co.-Coal
mined in April totaled l0l 1857 tons VS.
1881.
-Quinlan Co. deficit quarter
ended March 81, 1882, $414,12 VS.
deficit s20,916.
N. ]. Zinc Co. common share earn
ings,. quarter ended March 81, 80 cents
VS.. A cents.
Jewel Tea Co. sales weeks tc
April % of 1875 per cent; 16 weeks
off 17.9 per cent.
Simmons Co. April sales, includine
subsidiaries, of 3e.9 per cent; foul
months, of 35.4 per cent.
Aviation Corporation Century Pacific
Air Lines, Ltd, an afiliate, has dis
continued service; operated between
Pacific Coast cities.
American European Securities Co
takes no action on quarterly preferred
dividend; paid $3.50 February Is.
Producers 81 Refiners' Corporation
Two receivers appointed for company
by Federal Court, Cheyenne, Wyo, or
petition of Consolidated Oil, which al
leges this company owes it $4,000, ,ooC
on four notes due April IL, 1882
Standard Oil Co. Of New Jersey ad-
vances prices of bunker fuel oil and
Diesel oil 10 cents and 20 cents q
barrel, respectively.
Island Greek Coal Co. April Goa
output totaled 244,243 tons VS.. 327,7
in March and 300. $40 in April, 1881.