Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-09
CORPORATION
REPORTS
TRENDS AND PROSPECTS or
LEADING ORGANIZATIONS

NEW YORK, November e.--The fol-
lowing Is today's summary of important
corporation news prepared by Standard
Statistics Co, Inc, New York. for the
Associated Press:
News Trend.
Selling on the Stock Exchange yes
terday was the heaviest since October
IL and carried average prices to new
price index Of so representative indus
trial stocks, based on Fridays closing
quotations, Is the lowest since July,
1877. The railroad index Of stocks
which suffered acutely yesterday, is
now the smallest since October, 1925.
Utilities also were under pressure, with
the index losing nearly per cent.
However, the price average Of the utility
group Is still 81 per cent above its 1929
low, The composite price average of
30 stocks stands at the level Of August.
1927.
The trend of this weeks retail trade
showed little or no deviation from that
Of recent weeks, according to the mer-
camille reviews. Some stimulation has
resulted from colder weather and start
ing OF Christmas demands, and in some
instances replenishment orders are re.
ported, but, generally reviewed, Fall
trade hardly reached full seasonal pro-
portions.
Commercial insolvencies for the week
numbered lS9, % against SOC last week
Rnd 402 In the corresponding 1929
period. Bank ciearings at the country's
from q year ago, with New York Clty,s
exchanges ssh per cent smaller and
outside cepters on $50 per cent
The industries.
Mining q Smelling Demand for
Lead, IN reflection Of depressed condi-
lions, Is currently some Is per cent be-
low last year. Effects Of marked cur
tailment OF domestic production have
foreign output has been less substantially
reduced Supply Of metal has there
Tore continued TO expand and is now at
record levels. Under pressure Of world
supplies, and apparent inability Of price
sLanillzRtion programs to accomplish
their aims, primary London market
again weakened In recent weeks.
Domestic prices Of lead are therefore
TOO close to the import point to per-
nit the prospect Of any near term
important advance with London at cur
rent levels.
Oil.-Exports Petroleum Association
has cancelled ell its export price
schedules. Association was organized
Two years ago by leading American
OH companies Tor purpose Of maintain
ing uniform price for American oil in
foreign markets. Action follows re-
port tnat several exporting oil COM
set by the association as it iuterferred
with competitive price in the foreign
Public Utility.-Production Electric
power by public utility power plants
in United States during September
totaled 2, 76S,4s2,000 kilowatt hours vs..
1877 1867, 900 In August. according to
United States Geological Survey.
HailFoads,-Roads operating between
Middle West and Pacific Coast terri
tory 70 extend test period of reduced
one-way coach fares through Decem-
beF Purpose Of test is to determine
WHISTLER lower fares will stimulate use
o. railroads in travel between Middle
West and Pacific Coast points.
Rayon.--Sale Of certain domestic
Tayons improved during month of
October. Knit goods manufacturers
nave been particularly benelited, and
0rapery trade reports growing demand
for decorative fabrics. some dress
goods fabrics have lost ground to silk.
This has been especially true of all
rayOn nat crepe and satin crepe As q
result of large production in the knit
gods branch, the rayon industry Is re-
ported to be currently operating at an
annual rate Of l00.0O0,0O0 pounds.
The Companies.
Arizona Commercial Mining October
copper production estimated &C 34I, T8S
pounds against 269,57e in September.
Best g. Co. October sales were largest
In history Of company.
Central Ohio Steel products passed
80 cents common dividend eFdinsrily
paid 0ctaioer rs.
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