Evening star., 1933-05-28
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, May 27 (P).-Following
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 - In
creased factory production for May
above original estimate and above May,
1882.
Studebaker Corporatior--Not to pay
June / interest 81 its outstanding 8
per cent notes; said present receiver
ship will not be disturbed by default on
the notes as they have no prior claims
over other creditors.
Metals (Non-Ferrous).
General Gable Corporation - Ad-
Hanced price on bare and weatherproof
wire by 3s cent pound and on magnet
wire by Il cent a pound.
Phelps Dodge Corporation - An
bounced Phelps Dodge Copper Products
Corporation, subsidiary, had advanced
price on bare and weatherproof wire by
3s cent pound and on magnet
wire by u cent pound.
Miscellaneous.
Standard Cap g. Seal Corporation
Common share earnings, March quar-
ter, 66 cents vs. 70 cents.
Oil.
Pennmex Fuel Co. - 1882 deficit,
k296,8e5, VS.. net income, $16,44l.
Railroad and Railroad Equipment.
Atchison, Topeka g. Santa Fe Rail-
&ay-April net operating income, $l70.-
632, VS.. $633,292; four months net OPP
Grating deficit, s1,456,756, vs. income
s2.272,247.
Baltimore & Ohio r. R. April net
operating income up 20 per cent; 4
months declined per cent.
Central Railroad of New Jersey April
net operating income, S77,479, VS.. S463,-
66S; 4 months total sl,l26,5s2 VS..
S1.564.174
Chicago, Milwaukee, ST Paul g. Pa
cific r. r. April net operating income.
S50o.465. VS.. deficit of s2l7,374; 4
months deficit, S36s,327 VS.. $210,l9S.
Chicago g. North Western Ry. April
s324,642; months deficit, sl,702,s
DIS. S189, 400.
Delaware, Lackawanna & Western
n. r. April net income, $l,665 VS.. $6l4,-
976; months deficit, $59, ,682 VS.. net
operating income Of 81 993, ,16o.
Erie r. R. April net railway operating
income of system off 33.1 per cent; 4
months declined 81 per cent.
New York Central R. r. April net
operating income, $l.420,l62 VS.. $685.
94T months totals, s4,8l5,423 VS..
s752o,136.
Pittsburgh g. West Virginia Ry April
net operating income up GIG per cent;
4 months. off 1.9 per cent.
Pittsburgh & Lake Erie r. r. April
net operating income off 358 per cent;
d months, declined 40.2 per cent.
Southern Pacific Co. April net rail-
hWay operating deficit Sl07.389 VS..
1888 months deficit, $3,l7l $50 VS..
S9I5,254.
Retail Trade.
Jewel Tea Co. declared regular quar-
terly dividend Of rs cents on common
stock
Kroger Grocery & Baking Co-Sales,
four weeks ended May 20, off Is per
cent. 20 weeks, of II per cent; num-
Der Of stores in operation in period was
4,637 VS.. 4839 in same period of 1882.
Steel and Iron.
Wheeling Steel Corporation-To re-
open Martins Ferry plant June S, 1888.
Textiles.
Hamilton Woolen Co., Inc. - Ad-
Nanced wages another per cent. This
Is second per cent increase in 10
days.
Utilities.
Associated Telephone Utilities CO.
Reorganization Committee has agreed
in principal upon plan Of reorgani-
zation which will be submitted to the
security holders.
British Columbia Power Corporation,
1td1Declared regular quarterly divi-
dend of so cents on class stock, pay
able in Canadian funds.
Consolidated Gas Co. of New York
Chairman Of New York Public Service
Commission announced that the COM
mission has determined TO establish
temporary emergency rates Wherever
facts relating to a company as set forth
in sworn reports to commission seemed
to Justify action: it was stated by
chairman of Consolidated Gas Co. that
since first of year electric business IN
New York City dropped by s4,07o, 900
and in his estimation decrease for the
year will run between $lo,000,OO0 ana
sl2,000,0 900.
Oklahoma Gas & Electric Co.-l932
preferred share earnings, $ll.96 VS..
s1415.
Pennsylvania Power e. Light CO. -
1882 preferred share earnings, Slo.l2
VS. S17.19.
Western Power, Light &; Telephone
Co.-l932 deficit, s577,l4l VS.. net IN