Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-26
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

/
NEW YORK, October 25.--The fol-
lowing Is todays summary Of impor-
tant corporation news, prepared by
Standard Statistics Co., Inc, New York
for the Associated Press:
News Trend.
Surveys Of the mercantile agencies
report retail trade was further stimuli
lated this week by the colder weather
Commercial activity in general con-
tinued at q slackened pace, but evidence
that the trend has turned upward IL
fairly definite. Revival, they believe
will be slow paced. Bank clearings con-
tinue to make q very unsatisfactory
comparison with last year. as exchanges
during this period in 1929 were still at
record levels. Aggregate exchanges at
Der 23 were 35.S per cent below the
1929 period. New York City's clearings
declined Ala per cent, and outside CEN
ters showed o drop Of 21.6 per cent.
Commercial failures for the past week
number 491, against AGO in the pre-
oeding week and ass in the 1929 period.
Companies in today's List Of earnings
statements showing higher share re-
turns than year ago are Briggs Mfg,
O1l4CoSO &IGat WESTERN fLallTO6u ana
Monaghan Mfg. Unfavorable dividend
announcements were made by Mont
gomery Ward and United States Play
ing Card. The former omitted quar-
eerly common disbursement, while the
latter passed extra dividend generally
declared ut this time.
The Industries.
Copper-Copper Exporters, Inc., re.
duces foreign price Of copper u cent .
pound to $50 cents pound.
Cotton-Census Bureau reports 0,252,-
Gil running bales Of cotton, counting
round bales halves and excluding linters
&tnned from the crop Of 1880 prior to
October IL, against ginnings to October
le. 1929. Of o,0e4,704 and In 1928 Of
o,i5l,27l.
Acknowledgement net operating
income Of first IL roads reporting for
September was 1913 per cent less than
. year ago and 10 per cent smaller than
IN 1928 period. Gross revenue of same
Yoa0s Tor month was 14.6 per cent under
last year and 1876 per cent below Sep
TENDER. 1923.
SteeEMill operations in YOUNGSTOWN
district to remain unchanged ut so per
cent capacity during coming week
Fabricated structural steel orders
placed during September totaled 1853 900
tons. against 264, 900 tons In August and
2S6. $50 tons year ago, as estimated by
months orders totaled 2,272, 900 tons,
against 2,768. $50 in 1929 period. Ship
ments during September totaled ago 900
tons, against 260, 900 tons and 292 900
tons. respectively. For nine month
period, shipments 2,524,0O0 tons against
2,49s,65o tons. respectively.
The, Commands
American Cyanamid converting refuse
Of citrus canning and Understanding
plants into new fertilizer; immediate
manufacture on large scale planned
Atlantic Coast Line earned $1o4S
common share in year to June 80,
against same amount in previous year.
Baldwin Locomotive Works reported
October shipments will approximate
5000 900, against 81, 989. 453 in Septem-
total about $4,000, 900.
DISTINGUISHING Co. earned 9S.06
common share in 10 months to Septem-
Der 80; based on estimated inventories.
Briggs Manufacturing third-quarter
earnings so cents common share against
"a cents year ago; . months 20 cents
against $1.65.
Brunswick Terminal q Railway Sc
curttieS third-quarter earnings cents
ago: Q months 46 cents against 05
cents.
Canadian Pacific Railway oficials esti-
mated September net after taxes will
exceed net IN same 1929 month by
e1.O00.000.
Central Railroad Of New Jersey Sep
TENDER income on 17.s per cent;
Chicago Great Western Railway
earned s1.25 preferred share in third
quarter against $l.s4 in 1929 period;
8 months $l.76 against $149.
Consumers Power income balance
after preferred dividends, for IL months
to September 80 up / per cent over
Corn Products Refining third quarter
earnings $1.22 common share against
:i4i year ago; months $3.50 against
General Motors oficial states COM
pany would earn and make its regular
dividends.
Inland Steel reopening Milwaukee
plant giving full-time employment tc
100 men.
International Great Northern Rail.
of a. per cent: months 81 per cent
Metal g. Mining Founders shares en-
Joined from further fraudulent sale o.
securities; receiver appointed.
Missouri Pacific Railroad Septembel
net operating income OF "a per cent:
months Is per cent below year ago
l. c. c. reopens for reargument unifica'
ton plans OF road.
Monaghan Manufacturing earned q
cents class B share in third quarter
against 90 cents year ago; nine months
e204, against IS cents.
Montgomery Ward g. Co. passes z;
cents quarterly common dividend pay
able November Is: had net loss o
$4,000 in September quarter ant
s2.84S, 900 loss in first nine months
october sales making more favorable
showing than in two preceding months
Nevada California Electric earne'
e1.58 common share in IL months h
September 80, against S3.I2 In previou
year.
New Orleans, Texas q Mexico Ran
way September net operating incom
of II per cent: nine months, % pc
cent below year ago.
Paramount Publix reported negotiat
ing for four Of London's largest thea
tiers
Pere Marquette Railway third quar-
ter earnings, $50 common share
against 5000 year ago; nine months
$2.07, against $l3.43.
Pilot Radio 81 Tube September sale
Of 80 per cent: nine months, up D.
. per cent above year ago.