Evening star., 1932-05-01
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, April 30-The follow
ing is todayS summary Of important
corporation news prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Most industrial lines during the past
week failed to show much acceleration
as compared with the preceding 7-day
period. Steel mills have been slightly
increasing ingot output, and the gradual
growth in orders from the automotive
industry lends a somewhat brighter out
look. Along with the upturn in auto
production, employment in that as we'll
as in the textile and shoe industries
has shown a slight gain in several
cities Of the central section. No i'm
provement has been reported from
manufacturers Of electrical equipment,
but electrical household appliances have
responded to a moderate upturn in de-
mand. Slight gain in retail trade wit
messed during the early part of April
has been generally maintained
The advent of additional first-quarter
reports indicates that many industrial
enterprises are beginning TO benefit
from 1881 retrenchment policies. In a
great many instances profits are being
shown against losses in the correspond
ing period of 1881; both periods based
on substantially the same volume Of
business.
The Industries.
Oil-Big Lake output fixed at 25 900
barrels daily; Gulf Coast allowable out
put fxed at 100000 barrels daily.
The Companies.
Consolidated Film Industries earned
about 100000 in first quarter, second
period to show similar figure
Dominion Steel & Coal Corporation
Miners convention votes to seek wage
increased from 10 to 20 per cent.
International Harvester Co.-New
five-day week results in further wage
cut of about 8 per cent, effective May
!, 1882.
International Silver Co. deficit, quar-
ter ended March 81, 1882, 1851 ,808, VS..
deficit Sl48947.
earnings, nine months ended March 81,
1882, 19 cents, VS.. $l.15.
New Britain Machine 1881 deficit
$287,107 VS. deficit $8S75
Oliver Farm Equipment Co. makes
graduated salary cut, starting from 10
per cent base.
st. Louis, Rocky Mountain & Pacific
Co. deficit, quarter ended March 81,
1882, Sl3,349 VS.. net income $l5,3S0,
equal to 3 cents common share.
Scranton-Spring Brook Water Service
Co. gross revenue, II months ended
February 29, 1882, of l.3 per cent; net
of Al per cent.
United Railways & Electric Co. Of
Baltimore deficit, quarter ended March
81 1882, $S4s60s, VS.. deficit $4.488.
Westinghouse Electric & Manufactur-
ing deficit, quarter ended March 81,
1882, $l,320,146, VS.. deficit S2,385, GAS;
untitled orders, March 81, 1892, S37,-
999, sos, VS.. S36, ,598, ,246 March 81, 1881;
orders entered in first quarter, $50, $685.
658, VS.. s30,l00,4l0
AmoSkeage Manufacturing Co.-Fur-
ther wage cut effected ranging from
minimum Of 10 per cent to maximum,
affecting only few, OF 40 per cent.
Bayuk Cigars, Inc.-Factory currently
operating at 95 per cent Of capacity, %
per cent over first quarter
General Electric Co,-Air condition
ing division formed; one Of first prod
ucts TO be complete oil burning
furnace
International Great Northern Rail-
road March net operating deficit Sl9,-
378 VS.. net operating income $356,68l !;
luOl4LAhs ICL OpC4atAAb AS4AIIl pAoo, =
761 vs. net operating income $437, 7,677.
Kelsey Hayes Wheel Corporation
Deficit quarter ended March 81, 1882,
S656,533 Mccall Corporation only
slight falling off reported in advertis-
ing volume as compared with 1881
net in first months S32 900 under
like period Of 1881
Southern New England Telephone
March net off l0.7 per cent months
net of 94 per cent.
Union Tobacco Co.-Group Of class
A and common stockholders oppose
proposed distribution OF part of assets
among preferred shareholders
Associated Gas d Electric Co. de-
clares quarterly dividend of 81 in scrip
on 81 cumulative preferred; heretofore
quarterly payments Of 81 in cash or
170 share of SIS preferred stock had
been made.
Eastern Gas & Fuel Associates COM
mon-share earnings. - months ended
March 81, 1882, 81 cents
Follansbee Brothers deficit, quarter
ended March 81, 1882, 1901 ,ls6 VS.
deficit 5000 $50