Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-19
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, October 1e.-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.
stock prices receded to new low levels
in the closing trading sessions Of the
week Standard Statistics index Of
prices Of representative active shares
declined 81 points, or per cent, on
Friday. Based on final quotations, it
stood at 1868, compared with last
years low of 1902 and the 1928 low
level Of 134.6. However, Of the three
major groups dndustrials, rails and
utilities) making up the price averages
only the utility group remains above
the low levels Of 1927. The week end
mercantile reviews find trade movements
for the week were distinctly contrary,
but With increases exceeding decreases.
Warm weather retarded retail buying
and instability Of commodity prices
continued 10 influence forward pur-
chasing at wholesale. The weeks in
solvencies declined moderately, number
ing AGO against 473 last week. In 1929
period total reported was $50. Bank
clearings In leading cities Of the coun-
try were 33.4 per cent below those OF
last year. New York City'S total fell
SO per cent under year ago, while out
side centers were 26.6 per cent smaller.
Earnings Statements.
The days corporation news contains
another batch Of third-quarter earnings
statements. All reports show poorer
results for the quarter and nine months,
except Scott Paper, which recorded a
small gain in share returns for the nine
month period. Dividend omissions were
announced by Art Metal Works and
Chain g. General Equities.
Copper-World production of copper
in September totaled ,005 tons,
largest any month this year since jan
uary. August output was 140,B43 tons
and September year ago 174,l35 tons.
Domestic output in September was
go, 487 tons VS.. 81, 69S in August. Elec-
trical Misunderstanding and indus
trial electric locomotives shipped during
third quarter by nine firms, or prac-
tically entire industry, numbered ia,
valued at S., 319, 202, VS.. 141, valued at
$677,7 in preceding quarter, and ZIG,
valued at S1,516,397, in 1929 period.
Mining and smelling production of
silver by companies representing about
81 per cent of worlds output amounted
to 1888 900 fine ounces in July, latest
month for which figures are available.
In June total was 1907 900 ounces and
In JULY, 1929, 81, $4,000 ounces. Sep
TENDER production in United States was
3,7l7,000 ounces VS.. 3,835,000 in August
and 4,634,00O year ago. Natural gas
Production natural gas in 1929 totaled
1917, 693 200, 900 cubic feet increase %
per cent over 1928 and about 80 per cent
above 1927. Average annual increase
for past 10 years was 10 per cent. Rail
roads Interstate Commerce Commission
orders reopening for further hearing the
Great Northern Northern Pacific merger
case. Petitions requesting reconsidera-
ton were filed BY railroad commissions
In IL States. Steel--September sales
steel sheets totaled 214,454 tons, or b8.2
per cent OF capacity Of reporting makers,
VS.. 148.968, or 4i.6 per cent, in August
Production in September totaled IFS, 1928
tons VS.. 1895 tons in August. Ship
ments were 186,B39 tons and EOS TIA
tons, respectively UNIFIED orders Oc-
tober / totaled 1888 500 tons VS.. 373,l48
tons September L.
The Companies.
Art Metal Works omits quarterly COM
mon dividend currently due; paid IS
cents in preceding quarter. September
sales 80 per cent below year ago.
Beatrice Creamery to issue 5000
shares preferred and IA, 725 shares COM
mon stock In connection with acquisition
Hazel-Qlen milk and Ice cream service,
Chain q General EuuitAbs eGnAts