Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-11
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS.

NEW YORK, June 1.-THE follow
ing is today's summary of corporation
news prepared by Standard Statistics
Co., Inc. New York:
Chrysler Corporation-Dodge Bros.
Corporation, division of this COM
pany, has announced reductions on its
commercial line ranging from $40 to
$40.
General Motors Corporation sales
abroad of car and truck units for the
first five months of 1884 totaled 3d.
811 units, an increase Of 90 per cent
over like period of 1888 and an in
crease of 1913 per cent over first five
months Of 1882; sales abroad of 49,
994 units during May, 1884, were
highest recorded. for any month since
July, 1929. and an advance of 112
per cent from the volume In May,
1898.
Singer Manufacturing Co. declared
extra dividend Of $3.50, payable out
of surplus, and regular quarterly divi-
dend of $3.50; three months ago an
extra of 81 was declared
United Verde Extension Mining Co.
copper production in May totaled
1,206,538 pounds, compared with
2,755.874 pounds in April; decrease
resulted from breakdown of furnace
which caused curtailment of smelter
operations.
General American Transportation
Corporation-Company received con-
tract from Chesapeake g. Ohio Ry.
Co, for 1850 steel gondola freight
cars.
United States Steel Corporation
Shipments Of finished steel products
by company in May totaled 745,0
tons, compared with 643,009 tons in
April and 1902 tons in May, 1888;
for first five months shipments to-
tailed 2,6e3,558 tons, against sos ,483
tons
Public Service Corporation Of New
Officials of p. w. A. denied
reports that approval has been given
for loan and grant of $4,000 900 to
city OF Camden, N. j., for construc-
ton of a municipal electric light
plant: such project was approved by
voters in November, 1898, but Public
Service Electric & Gas Co., subsidiary
obtained writ of certiorari. citing
SO reasons why the election should be
set aside; suit is still pending.
Southwestern Light Power Co. de-
clared a 50-cent dividend on prefer
red stock; on April 2, 1884, a similar
distribution was made.
Chrysler rporation-Company an
nounced price reductions for Chrysler
six line ranging up to SIS, no reduc-
lions were contemplated in prices of
Airfiow eight models.
National Surety Co.-Creditors have
filed petition in Federal Court, Utica,
seeking to have company reorganized
under new national bankruptcy act.
First National Stores, Inc. common
share earnings year ended March 81
were $497 VS.. $478; sales 4 weeks
ended May 26 were up per cent,
weeks up rs per cent.
Interstate Department Stores, Inc,
May sales excluding groceries and
leased departments were up 1911 per
cent, months up 26.9 per cent
Associated Gas & Electric Core
organization Of company under new
national bankruptcy act has been
asked in petition filed in Federal Dis
trict Court, Utica; petition was signed
by five debenture bondholders, and
requested court to appoint trustees to
continue the business.
General Gas g. Electric Corporation
deficit IL months ended March 81
was $3.50, l3l VS.. net income 81 ,1l6, 496.
Midland United Co-Federal Judge
Nields at Wilmington, Del. approved
a petition for reorganization of COM
pany under the new national bank
ruptcy act.