Evening star., 1932-06-26
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, June 25.-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.
Whereas week end reports of COM
mercial agencies characterize current
business as spotty, some recognition Is
given to the proportions assumed by the
general volume of trade arising from
efforts to avoid the new taxes imposed
by Congress. In some sections of the
country during the last week there were
marked recessionS in retail trade, at
tributable in most instances to natural
tendencies. The Eastern area was ad-
versely affected by rain, but with the
advent noticeably of warm weather in
the South, retail sales responded to an
increased demand for Summer goods.
Despite lack of positive evidence
that business is moving toward a sus-
tained upswing, there appears to be
growing sentiment in some quarters that
tangible results of trade readjuStmentS
are beirg shown.
Index of insolvencies as reported by
r. G. Dun & Co. for the first half Of
June revealed a reduction of 1873 points
from the similar period in May to
AI.' Ills was COAAoAuSlSO an uu-
usual decline.
The Companies.
American News Co.-Declared a divi-
dend of 25 cents; on May 16, paid Q
bi-monthly dividend of so cents.
Ann Arbor Railroad May net operat-
ing deficit S9,094 VS.. net operating
income s15,332 a year previous: i've
months net operating income S25,lS3
VS.. net operating income $i02,372.
Chicago Great Western Railroad May
S33,O48 a year previous; five months
net loss $2ss,97O VS.. net income
$366,824.-
Crosley Radio northumberland
radio anS refrigerator prices to cover
new Federal tax.
Curtis Publishing omitted common
dividend; formerly paid SO cents quar-
Firestone Tire & Rubber common
share earnings. six months ended April
80, 1882, 2 cents VS.. 81 centss
Great Northern Railway took no ac-
ton on semi-annual dividend on pre-
ferred stock due at this time; paid 81
dividend on February l.
Inland Steel Co.-Grarted s4s0 .Os7
tax credit by Internal Revenue Bureau
on account of over assessment.
London Packing common share earn
ings. year ended April 80, 1882, $1SS
VS.. S427.
Westinghouse Electric & Manufac-
$1,290,960 power and
equipment contract for Brooklyn
subway.
Pennsylvania Railroad May net oper-
attng income off IS per cent; five
months of 1873 per cent.
Texas Observation-Disclosures tank
car gasoline price Z cent gallon in
several Atlantic Seaboard cities
Commonwealth Edison - Executive
Committee recommends that next quar-
terly dividend declaration be SIPS; ac-
tion would reduce annual rate from So
to S5; salaries and wages to be read
justed.
Maine Central Railroad May surplus
after charges, $23,966 VS.. surplus,
sl3,017; five months deficit after
charges, $248.514 VS.. surplus. S34,711.
Peoples Gas Light & Coke Co. de-
clared a quarterly dividend of SIPS;
formerly paid 50 quarterly; chairman
laid reduction was made to safeguard
current position even though earnings
ire satisfactory; salaries and wages to
De adjusted.
Public Service Co. of Northern ILL
Committee recommends
hat next quarterly dividend declara-
ion be 10 cents, which would reduce
annual rate to SO from So: salaries and
wages also to be adjusted.