Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-14
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, october 1.-THE fol-
lowing is a summary Of important cor
poration news prepared by the Stand
ard Statistics Co., Inc, New York, for
the Associated Press:
Weekly News Review.
AS measured by the Standard Sta
tisticS' price averages, stock quotations
closed last Saturday at their lowest
levels since November, 1927. The
Standard index of prices of so repre-
sentative industrials stocks declined
las points, or 8.5 per cent, during last
week while the rail index lost At
points, or Al per cent. The former is
the lowest since January of that year.
The price index of the utility group
sustained loss of 20.3 points, or 90
per cent, for the period, but is still
nearly 30 points above its low OF 1880.
Commodity price movements were ir-
regular, with the principal products
ending unchanged or moderately high
er. Raw sugar futures advanced is to
% points for the week on announce
ment that the Cuban Sugar Commit
te had adopted the Chadbourne sugar
control plan. Latter calls for with
drawal of 100000 tons sugar from the
market for future distribution, also
provides that Cuban expectation to
United States from next crop be re-
stricted to 100000 tons. with shipments
in ensuing years increased in amount
equal to increase in consumption In
1891 over 1880.
The money market was a trifie firm
er, several local institutions making
heavy calls, Official call rate held at
2 per cent with outside funds quoted at
same figure. Time loans, except for 60
and 90 days were advanced "a per cent.
Brokers loans, as expected, declined
sharply in the week of october 8. De-
creases amounted to $158,000,000 and
brought aggregate borrowings to So
063, 000,0 900, the lowest level since July
20, 1927. Loan total has now been re-
duced by $3,740,000, 900, or by SIS per
cent from the record high recorded In
1929, and 81 ,210, 000, 900 or % per cent
from current years high.
Trade and industrial developments
of the week were again largely dis
appointing Gains were reported in
retail trade throughout the country,
but wholesale and jobbing business con-
tinued subnormal.
The Companies.
Allen Industries third-quarter earn
ings 80 cents common share, against 43
cents year ago; nine months, $l.04,
against $2.31.
Botany Consolidated Mills had net
loss $1,850,43 in first half, against
$1,214,050 in 1929 period.
Brazilian Traction, Light & Power
declare stock dividend of 2 per cent on
ordinary shares, instead usual quarterly
cash dividend so cents.
Central Public Service negotiating for
acquisition of Southern Cities Utilities.
Commonwealth Edison to apply to
Illinois Commerce Commission for au-
thority to issue $14,250,000 additional
capital stock; if authorized will be
offered to stockholders at par.
General Motors considering plan to
organize 10000 New York City indie
pendent and small feet. taxicab oper-
ators.
Grigsby- Grunow Co. reported pro-
ducing and shipping 1000 radio sets
daily; dealers sales said to be at rate
Of $500 sets daily.
Majestic Household Utilities shipping
500 electrical refrigerators daily, pro-
ducing 1000 day.
Nash Motors reported first nine
months shipments totaled about 10000
cars, SIS per cent below 1929 period.
Otis Elevator earned 96 cents COM
mon share in third quarter, against 80
cents In 1929 period; nine months,
$2.46, against 1886.