Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-06-13
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, June 13.-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.
Following renewed liquidation in the
early part of the week, improvement in
financial sentiment was in evidence
and prices regained most of the lost
ground in the later sessions on enlarged
volume of trading. The stock market
was featured by rapid short covering in
special issues, the most outstanding
being Auburn, which registered a net
gain of 1884 points for the week The
actual movement of the stock market,
as indicated by our price index for 80
stocks, showed a decline of 90 points.
dropping from Al 5 on June to 1876
on June IL.
There was fairly heavy liquidation of
the more volatile commodities last week
under the influence of the sharp break
in wheat prices. OF 40 major commodi-
ties. IA declined, IS advanced and ID
remained unchanged.
Electric power production for the two
~
below the corresponding period of last
year, the smallest decrease since the
last week in April. This compares with
decline of 1927 per cent in the week
ended May 81.
The weekly decline in loadings of
freight cars, which has been uninter-
rupted for six weeks, was checked by a
55l2-car increase in the seven-day pc
Rod ended May % The rise was a re-
suit OF increased loadings of miscellane-
Gus freight, coal, forest products and
coke
Steel ingot production dropped to 20
per cent of capacity from "a per cent
IN the previous week, according to the
IRON Age. With the exception of De-
troit, operations in all sections of the
country were curtailed. Despite the low
operating rate in May, untitled orders
OF the United States Steel Corporation
declined for the fourteenth consecutive
month to the lowest figure ever re-
ported. AS of May 81, 1881, the cor
poratlon had 2,177,l62 tons of untitled
orderS on its books, decline of 149 =
764 tons from April 80.
Crude oil production averaged 2l81 =
2oO barrels daily in the week ended
June 4, an increase of 1850 barrels
over the preceding week, and gasoline
STOCKS declined 10000 barrels to a tota |
Vi 44'241 900 barrels. The 1-cent tax
on gasoline which is included in the
ne" Feoeral tax bill is not expected to
earnings. as 1t will probably be passed
on 10 the consumer.
The Companies.
Associated Telephone e. telegram
1911 class "A share earnings Sc 60 VS.
Sl440. S0o-' Va
Central Public Service CORPORATION
operating revenue in first four months
on per cent; net after taxes off 40
per cent. -
Laclede Gas Light common share
1882, SIG. "a a.
Studebaker mail order deficit. wear
enoed March 81, 1892, s2Os, 254, VS.. def
IouEsstoWn Sheet e. Tube Co. oper-
ATOMS reduced to Is per cent of capacitv
rom 10 per cent in previous week
a. Aenllh Radio deficit. year ended Anri1
3O' 1872. s399,37O vs.. deficit SAP 739
american Austin Car deficit. y
months ended March 81. 1892. s545 2s6
c, General Motors Corporation Nav
units. 7o'-4o
Potrero Sugar deficit, year ended o.
eooo os %, 1881 S424.367 VS.. net income
S20O'o3I; equal to 81 common share,
r1oCter d Gamble Co. reduces whole
SAFE price OF toilet soaps 80 per cent.
crown Cork & Seal deficit, Quarter
ended March 81, 1892, s8,482 vs. net
income sl08774. e'
Standard on Of California offers to
mark up California crude prices IN
DasS OF % cents barrel for 81 gravity
ana relative increases for other grades
II production of State is reduced 70
4'6,0OO barrels daily.
Associated Gas & Electric electric out
put, II months to May 81, off "A per
cent; gas output off per cent.
Equitable Office Building May net
profit was sl24O67 VS., 1885
New England Public Service passed
dividend on Sc and ST prior lien pre-
1eTred stock: paid s1.5O and SITS. re-
spectively on March Is: as these divi-
dendS are cumulative. action automati-
cally suspends dividends on the other
classes of shares.