Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-28
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, November 28.-The fol-
lowing Is summary Of important cor
poratlon news, prepared by the Stand
ard Statistics Co., Inc, New York, for
the Associated Press:
News Trend.
Statistics of the building and power
industries covering the third week Of
November show an improvement In
trend over Immediately preceding Pc
RODS. Building contracts awarded dur
ing the period increased substantially
over the two previous weeks and brought
the average for the month to $I2,050,-
200 per business day, compared with
$12,973,1 100 in October and $15,64O,5 800
in November, 1929. For the year to date
new construction contracts total "a
226,S7S,60 q decline Of 40 per cent from
year ago. Electricity production for the
week increased OF per cent over the
week before and was 8 per cent less than
In like 1929 period. In the second week
OF this month, drop from q year ago
was per cent. Output in the Central
industrial region declined 9.l per cent
and on the Pacific Coast 80 per cent,
but the Atlantic Coast area continued
above 1929 with increase 10 per cent.
Earnings reported again provide the
bulk OF corporation news. Results.
without exception, show marked de-
cl1nes from year ago. Railroad oper-
ating income Of the first Al carriers to
report for october declined 24.5 per cent
from 1929 month, contrasted with aver
age decrease Of 80 per cent for all roads
in earlier periods Of the year. Dividend
reductions were announced by Fair
banks-Morse and Standard Brands.
The Companies.
Alabama Great Southern Railroad
October net operating income OF So
per cent; 10 months, on SIS per cent. :
AtchiSon, Topeka & Santa Fe Rail-
way. president, Storey, terms six-hour
day impracticable.
Atlantic, Gulf & West Indies Steam
ship third-quarter deficit $201, 654,
against profit $60S.640 in 1879; nine
months profit, $s72,S24, against So
AGO. 23.
Brooklyn Edison to expend additional
100000 on underground system.
Buffalo & Susquehanna Railroad Oc-
tober net operating income UP IL per
cent; 10 months, up 81 per cent.
Chicago Great Western Railroad Oc-
10 months, up Al per cent.
Chicago, Milwaukee, st. Paul &c Pa
cff1c Railroad October net operating in
come on 58.8 per cent; 10 months OF
38 per cent; inquiring for 81 locomo-
tives to cost about 100000.
Chicago Northwestern Railway Oc-
tober net operating income OF 22.5
per cent; 10 months, on 1858 per cent.
Fairbanks, Morse annual common
dividend rate $50; previously So.
Ford Motor Of Canada, Ltd. 10
months output 66,612 units, against
81 ,498 like 1929 period.
Midland Steel Products common share
earns. first 10 months, $1.76.
New York Railways October balance
after taxes of So per cent; 10 months
of 26 per cent.
Norfolk Southern Railroad October
net operating income up l6 per cent:
10 months of 43.5 per cent.
Pere Marquette Railway share earn
ngs, 10 months to October 81, 1884,
against $15.35.
Perfect Circle share earnings. 10
months to October 81. 1881, against
St. Louis Southern Railway deficit, 10
months to October 81. $115,S90, against
profit $1,172,8l3.
Shell Union OIL gasoline price war
in Toledo; price, IL cents gallon, ex tax.
Southern Railway System October
net operating income OF 277 per cent.
Standard Brands annual common
dividend rate $1.20: previously $50;
record october business.
Standard OIL of Ohio gasoline price
war in Toledo: price, IL cents gallon,
ex tax.
Texas g. Pacific Railway common
share earnings, 10 months to October 81,
$5.26, against $11.46.
Universal Pipe & Radiator third
quarter net income $l4.426, against net
$65, 319 in 1929; for nine months had
deficit ST. ,091, against income $19l, 1872. |
Vacuum Oil arranges for affiliation
with Moreland OIL.
Western Maryland Railway share |
earnings, 10 months to October 81, 90 |
cents, against $2.25.
Wheeling g. Lake Erie Railway Octo- |
Der net operating income on 80 per |
cent; 10 months OF 40 per cent.
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