Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-09
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

| NEW YORK, October 9.-The fol-
| lowing is summary of important COR
| poration news prepared by the Stand
ard Statistics Co., Inc, New York, for
the Associated Press:
! News Trend.
Stock prices lost further ground yes
| terday The Standard Statistics index
of prices of 80 high-grade stocks re-
| corded new low for the year, de-
ciining 18 points, or IL per cent, dur
! ing the session. Based on closing
prices, index stood at 1861, compared
with 1929 low of 1902. On the COM
modify markets wheat, corn and Gotten
declined but the latter regained losses
previous day. The price movements of
cotton indicated the market had dis
counted" the Governments October l
crop forecast. which showed an increase
of 100000 bales over estimate of a
month previous. Indicated cotton yield,
based On condition crop october /, is
placed at 14,340.000 bales, compared
with actual production of 14,628,000
bales in 1929. However, with two other
exceptions, forecast production, if real
lied, will be the largest since 1914.
Electricity output in the United
States in the week ended last Satur-
day was o.5 per cent less than in the
preceding week and per cent below
same week year ago, but 81 per cent
larger than in 1923 period. Total pro-
duction was 1,695,072,00 kilowatt
hours.
The Companies.
American Piano pianos manufactured
by new methods and to sell IS per cent
below former prices to be introduced by
affiliates.
~
cent; nine months, "A per cent below
year ago.
Delaware, Lackawanna 81 Western
Railroad higher communication fare to
take effect November l suspended by
New Jersey State Board Public Utility
Commissioners for three months from
that date pending hearings and inquiry.
- General Bronze current untitled or
ders about 100000: expect installa-
ton labor-savtng equipment will effect
saving of 100000 annually.
General Motors president expects 1880
output to reach 100000 units: 1929
sales to dealers were l 1896, 267 units.
Glidden Co. certain products Durkee
Famous Foods to be distributed by Gen.
eral Foods.
International Paper g. Power passed
60 cents quarterly class A common div
idend currently due.
Kaybee Stores September sales up OF
per cent; nine months, 24.6 per cent
above year ago.
Kelly Springfield Tire September
sale5 per cent above year ago, but
slightly below August this year.
Lane Bryant, Inc, September sales
up i4.9 per cent; nine months, 107 per
cent above year ago. Nineteen-thirty
figures included sales Coward Shoe
since May.
Metropolitan Chain Stores sales nine
months to September 80 off Sc per
cent Includes American stores only;
Canadian units were sold recently.
Morrison Electric Supply September
sales of 34.5 per cent; nine months, II
per cent below year ago.
Nash MotorS-PriceS new models low
est in history; six range $795 to 1895;
Fights, $685. to 81 ,025.
New York Steam stockholders to vote
on increasing authorized common
shares from 10000 to 100000 and dis
tribution of 700 per cent stock divi-
dend. If approved will receive rights
to purchase 100000 shares at $50 share.
Subscription on pro rata basis.
Paragon Refining class A preference
stock to be redeemed at $50 plus ac-
crued dividend to October l.
Parmelee Transportation, representa-
tives of taxicab industry vote to create
own board to study industry and sub
NIT report to public officials.
Proctor g. Gamble president states
sales and profits in first fiscal quarter
were slightly above 1929 period.
Sally Frocks September sales up 122
per cent; nine months, 32.5 per cent
above year ago.
Skelly Oil contracts to furnish Utili-
ties Gas & Electric all butane gas re-
uuirements, totaling 4,000,0 900 gallons an
nually: has purchased stock interest In
Utilities Gas &c Electric.
Southern California Edison authorized
by Railroad Commission to sell 10000
shares 512 per cent preferred stock, pro-
cee6s for reimbursement unexplained
capital expenditures.
Stone & Webster, Inc, business Of
subsidiary, Stone g. Webster Engineer
ing, in II months to August 81, was IS
per cent above average volume in four
preceding years: uncompleted contracts
August 81 totaled 0,000, 900.
John r. Thompson Co. September
sales off So per cent; nine months, 4.6
per cent below year ago.
United Verde Extension Mining Sep
TENDER copper production totaleG 3,772,-
600 pounds, against 4,028. 900 in August.
Walgreen Co. September sales up SO
per cent; nine months, 1913 per cent
above year ago.