Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-07-11
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

By the Associated Press.
NEW YORK, July l1-Folowing Is
today's summary of corporation news
prepared by Standard Statistics Co..
Inc. New York, for the Associated
Press.
Automobiles and Trucks.
General Motors Corporation-Sales Of
Oldsmobiles in June were 1875 per cent
above those of June, 1882; production
and shipments for the month were the
largest since June, 1929; Pontiac's June
volume was up 1000 cars over May:
sales Of Cadillac and La Sale cars in
June were 8 per cent above May and
per cent better than June, 1882.
Studebaker Corporation-June sales
Of Studebaker and Rockne passenger
and commercial cars totaled $3.50 units
vs.. Alto in June, 1882; orders received
in June. called for 7,548 cars. largest
demand for any June since 1929; I'M
filled orders as of June 80, totaled $500.
Automobile Parts and Tires.
Bendix Aviation Corporation-Com
pany's business in second quarter Of
1888 increased 100000 over that for
first three months.
Fisk Rubber Co.-Producing $4,000
tires daily at Chicopee Falls plant.
General Tire g. Rubber Co.-Orders
are reported to be exceeding production;
plant Is operating on 24-hour schedule.
Chemicals and Fertilizers.
American Commercial Alcohol Cor
poration-Subscriptio to additional
stock Of this company by shareholders
under rights that expired July S were
satisfactory, bank loans have been
eliminated.
Freeport Texas Co. earned about
$1.30 per common share in first
half, compared with sl.45 common
share in 1882 period
Food Products.
Armour & Co. (Illinois)-A new re-
capitalization plan for company Is ex
pected to be presented to stockholders
within a week
Leather and Shoes.
Endicott-Johnson Corporation plants
operating on full-time schedules. United
union and oak back and bends about
per cent.
Metal (Non-Ferrous).
Rand gold output in June totaled
9l8, 900 fine ounces, against 944,000 in
May and 1877 900 in June. 1882.
American Smelling g. Refining Co.
advanced price of lead 10 points to $50
cents pound, New York.
Office and Business Equipment.
Smith Il. c. g. Corona Typewriters
corporated-Business increased l40
1882 month.
Shell Union Oil Corporation-Sub-
sidiary, Shell Petroleum Corporation, Is
paying top of 81 cents barrel for Mid
continent crude in line with schedules
posted by Standard companies.
Railroad and Railroad Equipment.
Chesapeake & Ohio Railway-Chesa-
peake Corporation reported to have sold
slightly more than 100000 shares Of
company's stock for about $4,000, OO0
General American Transportation
Corporation received an. order for IL
special tank cars from Ethyl Gasoline
Corporation
wabash Railway-Holders of about
80 per cent of the seven unpaid Wa
bash Railway Co. equipment trust GER
tificate issues maturing in 1888 and
1884, have executed agreements assent
maturities would be extended for three
years from respective due dates.
Steel and Iron.
Truscon Steel Co. advances salaries
OF office employees 10 per cent.
Utilities.
Associated Gas & Electric Co-Elec-
trio output of system in June, exclud-
ing sales to other utilities. increased
15.9 per cent above June. 1882; electric
output for IL months ended June 80,
was off per cent from like preceding
period; gas output for June increased
/ per cent above June. 1882: for year
ended June 30 output was slightly I'M
der previous year.
Illinois Power & Light Corpora ton
Company offered to reduce its electric
light rates in the 387 communities serv-
ed from to 20 per cent, averaging
about 10 per cent.
Manhattan Railway-Special master,
reported to Federal Judge Manton. that
charges against William Roberts. re-
ceiver for company were found to be
without sufficient grounds to warrant
removal of Mr.. Roberts as receiver.
Philadelphia Electric Co.-Recent
rate reductions of company Will reduce
customers bills more than 81 900, 600
wear: this loss in revenue will be on
set partly by elimination OF free lamp
renewals. cost of which amounted to
S996,455 for 1882.