Evening star., 1932-04-25
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, April 25.-The follow
ing is a summary Of important corpo-
ration news prepared by the Standard
Statistics Co., Inc, New York, for the
Associated Press:
Weekly News Review.
After remaining for several oays at
he new bear market lows which were
made last week, additional liquidation
OF leading industrial and public utility
stocks forced prices to new low levels
Railroad issues escaped the pressure
which was brought to bear on the other
groups, probably because of the i'm
proved operating results for March and
the movement to protect railroads
against unregulated bus and truck
competition. The actual movement of
the stock market as indicated by our
price index for 80 stocks shows a de-
cline of 26 points, dropping to AT on
April % from 503 on April 16.
Commodity prices. influenced by con-
tinued unfavorable consumer buying
we're slightly easier last week OF 40
commodities, II declined, advinced
and 16 remained unchanged The re-
cessionS were, however, of small proper
tions.
Revenue freight car loadings for the
week ended April 10 were almost exact
ly equal to those of the previous week
Coal and coke shipments again receded,
but with the exception of grain and
grain products, all other commodities
showed a slight increase.
Steel operations in the week ended
April 18 remained at about the same
rate as in the preceding week There
was slight bulge in orders from auto
mobile manufacturers and in releases
for rails and tin plates.
Due to a large drop in Oklahoma out
put, daily average crude oil production
declined 44,850 barrels in the week
ended April 16 This was especially en-
couraging as there was a sizable ad-
vance in the previous week following
the sweeping advances in oil prices
which, it was felt, could not be main
tanned if crude oil production continued
to increase
Automobile production declined sharp
ly in the week ended April 16, dropping
to 35,778 units from 42,853 units in the
preceding week. The decline, which
brought the total to less than half what
it was in the like 1881 week, was caused
by curta1lment in Ford and Chevrolet
outputs
Electric power production in the week
ended April Is not only showed the first
early March, but also made more ia
vorable comparison with the like week
of last year The total output of L.
480 738, 900 kilowatt hours was 98 per
cent below the corresponding 1881 week.
which compares with an Ill per cent
decline in the preceding week.
The Companies.
Charts Corporation declares 37la
V-vA1w 1aTve< -
previously paid so cents.
Republic Steel Corporation opera
tions in Youngstown district up per
cent to 20 per cent.
Federal Electric Co., Inc, defers
action on preferred dividends: paid
s150 a share on Sc preferred and SITS
on 81 preferred February /, 1882.
General Tire &, Rubber Co. defers
common dividend; paid Is cents Febru-
airy l. 1882.
Timken Detroit Axle 1881 common
share earnings 13 cents VS.. 81 cents.
Campbell, Wyant & Cannon Foundry
s23.379 vs. net income S139.33 equal
to 40 cents a common share.
Eitingon Schild Co. 1881 deficit ST.
149. 345 vs. deficit 81 1,075,980.
Puget Sound Power & Light prior
preferred share earnings. IL months
ended March 81, 1882. S27.35 VS.. $29.54.
Beech-nut Packing common share
earnings, quarter ended March 81.
1882, SLOT VS.. S1.20.
yellow Truck & Coach Manufactur-
ing working on $4,000, 900 order for 200
passenger parlor car busses for Grey
hound Corporation.
American Zinc Lead & Smelling
deficit, quarter ended March 81 1882
S15q07 VS. net income S103564 equal
to 81 90 a Sc preferred share.
Associated Gas g. Electric Co. 1881
net income before interest on junior
obligation convertible into stock at
company's option, s12,093 ,040 VS.. SIS
384. .452
Delaware. Lackawanna & Western
Railroad March net operating income
up O.5 per cent; three months, up 30.6
nor cent