Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-17
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK. August 16.-Following
Is a summary Of important corporation
reports prepared by Standard Statistics
Co for the Associated Press.
News Trend.
First half earnings statements con-
tinue to contribute heavily to corpora
ton news. OF the days large number
of publications, five showed larger re-
turns than in the like period last year,
These are American Safety Razor,
Peerless Motor, General Alloys, Hack
ensack Water and Pet Milk. Concerns
making distinctly poor comparison
with the 1929 period include Radio
Corporation, George A. Hornell g. Co.,
Powdren 81 Alexander and Superior
Steel.
Further improvement is shown in the
weeks insolvency record. Commercial
failures numbered AL, decline IL from
previous week and 81 less than two
weeks ago. In the 1929 week there
were 368 insolvencies. Bank clearings
were 34.5 per cent below year ago, with
every reporting city showing loss New
York's total fell 80 per cent, and CEN
tiers outside 22-S per cent.
The Industries.
Agriculture yield of all fruits, as Of
August !, expected by Department of
Agriculture TO be about lS per cent
above short crop 1929, but about 10
per cent less than 10-year average.
Automobile tires-rubber goods earn
ings statements made public by several
leading companies, together with other
data, indicate conclusively that first
half 1880 was. from profits standpoint,
distinctly unsatisfactory period for
most automobile tire concerns. 1t Is
q O4 d lrT
situated companies escape operating
losses, and that even their returns
were materially below expectations.
Prospects for second half year are lit
tie more encouraging. Sales have been
Influenced by smaller replacement de-
mand and restricted original equipment
requirements and total production for
year Is now estimated at 10000 900
castings, against about 100000 in
1929. Rejecting this trade depression,
aggravated by actual losses in original
equipment business and narrowed
profits on requirements through fresh
price cuts. 1t is questionable whether
more than two or three favored COM
panies viii report any profits for en-
tire current year.
Coal-July anthracite shipments to-
tailed 4,345.84l gross tons, increase
2e2 902 tons over June, and $50, 255
ABOVE year ago.
The Companies.
American Glue preferred stockhold-
ers formally offered $l35 share for
holdings.
American Safety Razor earned $3.51
common share in first half, against
5000 year ago.
Columbian Carbon first-half earning.
$3.is common share, against $4.57 year
ago.
Chrysler Oil Refining had deficit
1877 ,206 in first half, against deficit
$l63,93l year ago.
Dominion Stores sales four weeks tc
July 26 off per cent; 80 weeks, up 0.E
per cent.
Dunlop Rubber, Limited, sells inter.
est in Macintosh Gable.
Equitable Office Building reported
considering construction OF three add.
tional floors on Equitable Building.
Fanny Farmer Candy Shops july
sales of 81 per cent; seven months
rs per cent below year ago.
Garlock Packing first-half earning!
81 40 common share, against $207 yeal
ago.
General Motors first-half production
Chevrolet light delivery trucks wa!
1926; increase 90 per cent over veal
ago; since 1915 has built 1,l69,00(
these units.
Hackensack Water first-half earn.
ings $l.48 common share, againS
el06 year ago.
Hazeltine Corporation earned Sill!
common share in first half
George A. HORNED q Co. earned 81 81
common share in nine months to Jul!
e. against $483 in like 1929 period
Midcontinent Petroleum earned 81 Al
common share in first half on prof
s2,6e7 059; in 1929 half had incom
$5,9S7,397, before depreciation, deple
ton and taxes.
Ohio Oil declares initial so cent
quarterly dividend on new common
stock.
Peerless Motor Car had profit 5000,
800. equal to 49 cents common share
in nine months to June 80, agains
deficit s306,5l9 year ago.
Pepperell Manufacturing prices re
duced on all lines; quotations loves
since 1917.
Pet Milk first half earnings Ga cent
common share, against 81 cents yea
age.
Powdrell & Alexander earned $22
common share IN period January l Z
July 3, against $7.87 first half 1929.