Evening star., 1932-06-20
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, June 20-The following
Is summary of important corporation
news prepared by The Standard Statis-
tics Co. Inc, New York. for the Asso-
ciated Press:
Weekly News Review.
Although definitely constructive influ-
enceS in current economic trends are
still generally lacking, the long-term
outlook has been notably strengthened
by an apparent slackening in the ex-
port movement of gold. The consequent
stabilization of the dollar in terms OF
the metal and its importance to utli-
mate business recovery was exhibited to
large extent last week in the marked
firmness and occasional strong tone OF
security markets. As measured by the
Standard Statistics index OF 80 stocks,
the weeks activity constituted an ad-
vance of "a points from Mondays clos
ing level of 1873 to 407 on Friday, the
10th, followed by week end recession
to 38.5. A firm tendency was also evi-
dent in the domestic bond lists and.
with the exception of industrials, which
held to a fairly even level during the
week, many issues scored noticeable
gains.
Other indices Of current trends were
marked by continuation OF curtailed
activity in nearly all industries. Steel
operations, as represented by estimated
ingot output, declined to 18 per cent of
capacity from 20 per cent reported in
the previous week. Loadings OF revenue
freight in the 7-day period ended June
were of 73,575 cars, according to the
American Railway Association, and
were 3,697 cars below the correspond
ing period of 1881. In order to include
Memorial day, which did not fall in the
corresponding week year ago, the two
weeks ended June 4 provide better
basis for comparison. and in that period
the number of freight cars loaded de-
clined 34.2 per cent from the similar
time last year.
The advance in daily crude oil pro-
ductiOn amounted to only 2,200 barrels
in the week ended June IL, as con-
trasted with a gain of IL $50 barrels in
fuel on hand at reflnerieS were reduced
by 38l 900 barrels to 66.689, 900. Prin-
cipal part of the advance In automobile
output during the week ended June II
was attributable to further expansion in
Ford production. Actual output OF cars
ana trucks Tor the period has been re-
ported at 50 $50 units. against 50443 in
the preceding week and 66,468 units
year ago
The Companies.
Arundel Corporation common share
earnings. five months ended May 81,
1882. Sl22. VS.. SLIT
Cincinnati Street Railway declared 25-
cent quarterly dividend, paid so cents
a share in each of two preceding quar-
ttrs.
Continental Motors Corporation deficit
March 81. 1882, quarter, sl,026,660 vs..
deficit 1851 ,266.
National Baking Co-Deferred pay
nent of quarterly dividend on pre-
ferred stock last payment was sl75
on March |, 1882
New York, Chicago &, st. Louis Rail
road net deficit in May was $3.50 290
Us. net income of sl56.067 year
previous: five months. net deficit was
81 996,96G vs.. net income Of 81 .001 349
Reynolds Spring Co-Deficit, March
81. 1882, quarter, s77,368 VS.. deficit
Sl1.604
Chicago Surface lines d.
deficit OF sll6933 vs. profit of s34,69S
a year previous.
Kansas City Southern Railway gross.
five months 10 May 81. off 80 per cent;
net operating income of 622 per cent
Eastern Utilities Associates common
share earnings y months ended
March 81. 1882. IS cents VS.. SO cents.
Universal Leaf Tobacco declared
quarterly common dividend of so
cents; last payment was IS cents May
!. 1882: company stated action was
prompted more by conservatism than
necessity
Central & Southwest Utilities Co.
Omitted dividend on common stock:
last distribution was IA. per cent IN
common stock in April Is. 1882.
Chrysler Corporatlcn-Retail sales of
De Sofa and Plymouth cars by De Sofa
dealers in week ended June II totaled
l.544 units. against S49 in 1881 week:
untitled orders in dealers hands were
892. against 800 a year previous.
Nash Motors Co-Operations thus
far in current fiscal year have been
on profitable basis
National Power e. Light Co. Oper-
ating revenues Of system in II months
to April so declined 43 PEI cent: net
revenues from operation up l.2 per cent
Studebaker Corp.-Rockne ship
ments in June expected to exceed May
shipments of about 1900 units.
Texas Corp-Advanced gasoline
prices q cents a gallon in New York
and Philadelphia and l cent a gallon
at its other deepNater terminals
Gulf Oil Corp.-Subsidiary increased
United States motor gasoline price a.
cents a gallon.
Peoples Drug Stores May sales of
90 per cent; five months of 4 per
cent.