Evening star., 1929-12-21
Corporation News

NEW YORK, December 2l.-The fol-
lowing is todays summary of important
corporation news prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press.
News Trend.
The week closed with reactionary
tendencies apparent in the securities
and commodity markets, and with busi-
ness reports supplying little additional
information on the current situation.
The weekly mercantile reviews on
business, as in the previous week, point
out that retail trade Is brisk, while
wholesale trade, jobbing and manufac-
turing are slowing down. These ten
dencies are, OF course, seasonal, and
the real trend, uninf1uenced by the
holiday period, will be more clearly
defined after the turn of the year,
Bank clearings for the week ended
December 19, while slightly above
the previous week, were again well
below the corresponding week of 1928
Total clearings amounted to $11,914,-
from year ago. New York reported
a decline Of 1877 per cent, while the %
centers outside of New York recorded a
10 per cent drop.
Price developments in the automobile
industry are of interest. Most of the
larger manufacturers, including General
Motors, Nash, Studebaker, Chrysler and
Graham-Paire, have announced in
creaSes in prices in an attempt to offset
the prospect of higher unit costs as a
result OF smaller demand. Ford, on the
osher hand, has announced that the
new models will show no price change
from those OF present cars, which price
had only recently been reduced What
effect these changes will have on 1880
sales Is as yet uncertain, but Ford at
least appears assured of his share.
The Companies.
American Vitrif1ed Products earned
S2.26 this year to october 81, against
So "a last year.
Arundel Corporation earned $4.53 in
II months to November 80, against
$3.47 year ago.
Associated Gas & Electric K w. H.
four weeks to December IA up 81 per
cent from year ago.
Brazilian Traction. Light & Power
Gncluding subsidiaries) November net
before depreciation and amortization)
up per cent; IL months, 8 per cent
abNve year ago.
Brooklyn g. Queens Transit November
net up slightly: five months increases
% per cent over year ago.
ChrySler Corporation TO increase
prices from $40 to $l00, depending on
models.
Commercial Credit OF Baltimore con-
tracts to finance wholesale and retail
sales OF Stewart Motor & Motor Wheel
Corpora ton.
Dominion Stores sales for year to No
vember 80 up 6.8 per cent.
Drug, Inc, report of acquisition OF
Owl Drug declared premature.
Ford Co. announces current prices
will prevail on new model A cars.
Gillette Safety Razor plans produc-
ton of 20,000000 new model razors In |
1880. Blade production rate set at
2,700.0 600 a day.
w. F. Hall Printing announces stock
dividend Of 6 2-3 per cent and regular |
quarterly payment of IS cents oil
common stock
Keystone Watch Case declares extra |
dividend OF 81 and semi-annual pay
ment of 81 so on common stock.
Moore Drop Forging earned SO oil |
class B stock, IL months, to October |
81, against $3.50 a year ago.
New York. Chicago & st. Louis |
Railroad earned $1542 in II months |
to November 30, against $l0.83 year |
ago.
Standard Plate Glass sells paint man
ufacturing division to syndicate.