Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-29
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, May 28.-The following
Is todays summary of important cor
poration news prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
The total net operating incomes of
the first SO railroads to report for April
was not only below last month, but was
also greatly under the total for April,
1881. Net operating incomes aggregated
Sl7,3l0000, which compared with SSH
054,0O0 in April, 1881, decline of 44.2
per cent, and 6,239, 900 in March.
The Companies.
American Capital Corporation
Passed quarterly dividend on prior pre-
ferred stock; paid s137l2 March /.
Atlantic Coast Line Railroad April
net operating income off $50 per cent;
four months, off 68 per cent.
Bush Terminal Co.-Dividend action
postponed until June 2.
Butler BroS.-Annual savings from
cut in operating and overhead expenses
expected to equal Sl,500O00.
Dominion Steel & Coal Corporation,
Ltd.-Glace Bay miners accept wage
cuts Of 10 and 1872 per cent
General Motors Corporation-May
Chevrolet sales again expected to ex-
coed output
Kroger Grocery & Baking sales 4
weeks to May 81 off 1927 per cent; 20
weeks. off l4.1 per cent
LoblaW Groceries, Ltd net income, 40
weeks ended April 80, 1882, S9O6977 VS.
S958975
Montreal Light, Heat g. Power con-
sOlldated profit before depreciation and
Federal taxes up "A per cent in four
months to April 80.
Standard Oil Co. of Ohio cuts gaso-
line l cent gallon in Is counties,
bringing price cents below Statewide
level.
TeckHughes Gold Mines. Ltd, pro-
Sl,442,9 1913, vs.. sl,512,167.
United Biscuit Co. of America ton
mage sales so far in current year about
per cent below year ago; has cut
wages and salaries 10 per cent.
Butterick Co. common share earn
1ngs, quarter ended March 81 1882. 3
cents, VS.. 81 cents.
Colonial Beacon Oil gets s18OI8O
Navy fuel oil contracts.
Postal Telegraph & Cables CORPORA
ton wages and salaries of all employees,
with exception of these in low brackets.
to be cut 10 Per cent further.
Standard Oil Co. New Jersey) gets
S259.205 Navy fuel oil contracts.
Atlantic Refining Co. gets s1O9,99
Navy fuel oil contracts.
Borg-Warner takes no action on
common dividend; paid Is cents April
J. 1882.
Cities Service Co. passes dividends on
all classes OF preferred and common
stock: dividends previously declared
will be paid; subsidiaries take Similar
action; saving approximates 500, 600
900; public financing for development
net possible at present.
Great western Sugar Co. reduced
salaries and wages 10 per cent, effec-
tive July l.
Illinois Central Railroad April net
operating income of system S72l .846 VS..
S720,12O; four months, s4O3l,416 VS.,
S1.816973
Patino Mines & Enterprises Console
dated, Ltd-Deficit quarter ended
March 81, 1882, s102,433 VS.. deficit
S33,666
Swift &, Co.-Declared 25-cent quar-
terly dividend; previously paid so cents
salaries and wages cut 10 per cent
other expenses cut 16 per cent.
Denver g. Rio Grande Western Rail-
road Co.-April deficit after charges,
s4lo,75O vs. deficit after charges. ST.
652: four months deficit after charges,
Sl,577,282, VS.. deficit after charges,
S486,854.
Louisville & Nashville Railroad Co.
April net operating deficit, s12l 500. VS..
net operating income, $694,563 four
months net operating income, $685.
742. VS.. S2933944
Gulf Oil Notwithstanding gets
$4,000 naval fuel oil contract.
Standard Oil Co. Qndiana) Mich
igan to forbid operations unless COM
pany pays s1,599816 gasoline taxes by
May 81.
Standard Oil of Kentucky-To cut
salaries 10 per cent