Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, May 28-The following
is summary of important corporation
news prepared by the Standard Statis-
tics Co. Inc, New York, for the Asso-
ciated Press:
News Trend.
Brokers loans again made a new low
dropping to 1898, 100000 in the week
ended May Is, a decline of S2l 900 .OOO
according to the report of the Federal
Reserve Bank Of New York. Loans
account fell sl7,O00,OOO. while loans
made for out-of-town banks dropped
$4,O00,C00 and those for others remained
unchanged.
The Companies.
Engineers Public Service gross earn
hgs, II months to April 80, off 66 per
of TIA per cent.
General Gas & Electric Corporation
took no action on quarterly dividend on
class "A" common stock paid 3/200th
of share on class "a" stock on April !.
Sparks Wilmington Co. refrigerator
plant on 24hour schedule, producing
$50 boxes daily; radio plant starting up
Tennessee Electric Power gross IL
months to April 80 off IL per cent;
net income off 15.5 per cent.
Texas g. Pacific Railway April deficit
after charges, s103,724 VS.. surplus after
charges, S323,2l5; four months, deficit
after charges, S464,672 VS.. surplus after
charges, $500, 1902.
Todd Shipyards Corporation de-
clared rs cents quarterly dividend; for
merly paid so cents.
Federal Water Service-Receiversh
action against company withdrawn by
minority stockholders following state
ments by bankers company was solvent.
Florida East Coast Railway April net
operating income off TAT per cent; four
months, off 24.5 per cent.
Alpha Portland Cement Co.-James-
vile plant operating at so per cent OF
capacity.
Barnsdall Corporation obtained profit
in March and April.
McKeesport Tin Plate Co. operations
at 80 per cent Of capacity; during first
quarter operated at 80 per cent.
National Biscuit Co. years sales run
ming about II per cent below 1881
period; average prices about per cent
lower.
Northern Pacific Railway April net
operating deficit $106,383 VS.. net oper-
ating income S9,358; four months net
operating deficit 81, 480, 625 VS.. net oper-
ating income $415,561.
Perfect Circle Co. sales Of piston
rings in Canada for first four months
up IS per cent.
Remington Rand 1nc.-Typewriter
subsidiary operating around rs per cent
Richfield OIL Of California Federal
closure proceedings on all properties OF
cnnnnonV
Scoville Manufacturing declared 3712
cents dividend; paid so cents in preced-
ing quarter.
Bangor g. Aroostook Railroad April
surplus after charges up 47.8 per cent;
four months off 0.6 per cent.
Chicago, Burlington & Quincy Rail-
road April net income $26,891. VS..
$1,139.283; four months, $1,099,256, VS..
$5,223, 400.
insult Utility Observation-Disclosures
to consider why receivership should not
be made permanent to be held June IA.
Atchison, Topeka & Santa Fe Rail-
per cent; four months, of 54.5 per
cent.
Foster & Kleiser Co. sued for alleged
violation of Sherman antitrust act.
Lee Rubber g. Tire deficit. six months
ended April 80, 1882, $4s,476, VS.. deficit,
$193,201.
Midvale Co. declared 81 dividend
from earned surplus.
Murray Corporation Of America
deficit before subsidiary preferred divi-
dends, quarter ended March 81, 1884,
$798, 472. VS.. deficit, 1904 1888.
New York Railways Corporation. April
deficit after charges, $11, ITO, VS.. deficit,
s4:612; four months deficit. $s4,s22. VS..
deficit, $77,4e71