Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-14
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, December 13-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.
Holiday shopping stimulated retail
trade during the past week, the mer-
camille reviews report. However, I'M
settled weather in some areas reduced
consumer purchasing power and other
impediments have kept the volume be-
low year ago. Last months business
by department stores of the country
showed smaller than seasonal increase
over the preceding month. Expansion
was per cent, but comparison with
1929 months shows decline of per cent
Commercial failures this week are re-
ported at 562, against 598 last week and
514 IN 1929. Bank clearingS at % lead
ing cities, for the week ended Deem
Der II, are the lowest since August.
Decline in exchanges from a year ago
Is 35.2 per cent, with New York City
exchanges off 37.6 per cent and other
points, cohectively, 29.7 per cent.
The Census Bureaus cotton consump-
ton figures for November places the
number OF running bales of lint cotton
consumed in domestic mills during the
month at 414,887. This total compares
with Az, 494 in October and 54I,153 IN
November, 1929, or decreases of 7 and
23.4 per cent respectively
The Industries.
ChemicalS-Because OF its basic SUD-
ply character, the domestic chemical
industry, broadly considered, has held
UP much better during the general de-
preston than most trades. But in view
OF curtailed operations in practically all
important consuming industries, and in
dfC2finnS nf aar
OF many chemical products, profits of
most manufacturers will be restricted
during the next few months. Earnings
OF the industry, as whole, for the full
1880 year, nevertheless, are indicated
only 20 per cent under the record re-
turns OF 1929. Aggregate corporate
prontS, on the other hand, are expected
70 experience a recession of about IS
per cent.
Meat packing-Heavier volume of
@augnter1ng during the past month has
brought hog prices down to approxi-
nately the lowest quotations witnessed
III more than two years. 1t is probable.
moreover, that weakness will continue
curing the next few weeks, with grad
ual Improvement during the latter win
Ter months. Demand for beef has been
sCe2oy ana cattle prices have Continued
70 resist the downward trend of prices
IN other departments, Lambs have heer
IN supply, but prices have shown signs
OF stabilizing around the average level
OF the past two months. A seasonal ad-
vance In quotations should assert itself
during the early future.
Retail Irade.-November department.
store sales increased 2 per cent over
Octooer, but We're 8 per cent under a
year ago, according to preliminary fig
1 TrS reported TO Federal Reserve Board.
4ne gam, compared with Octoher is
less than usual seasonal increase for
the period. For the first ii months
safes were per cent below 1929 period
Is Inc Chicago district has recorded the
largest decline for the period thus far.
IS per cent, while the New York dis
trlct mas the smallest decrease, 2 per
Tobacco.-Sales of tobacco continue
Sharply downward, Withdrawals for the
initial 10 months declining more than
per cent from the Corresponding
months OF 1929. Since the scent cigar
showed an actual increase, trade in
come has been cut more than indicated
oy the decline In aggregate sales. owing
70 small profit margin obtainable on
the loW-prtced line. Full year earnings
sharply under those of 1929 are in
prospect Tor practically all producers
=. Although no broad improvement is in
sight for next year, It is expected that
1881 comparison with 1880 will be more
favorable.
The Companies.
Atehison Topeka IL Santa Fe Rail-
way normal improvement budget for
1881; over $4,000 900 involved
Baltimore d Ohio Railroad-I. c. C..
expected 70 allow more time for West
ern Maryland stock sale.
Buckley Pipe Line November pine line
deliveries OF IT'S per cent; II months.
on % per cent.
Chicago Railway creditors ordered to
dle claims.
Cuban Can Products deficit. Febr,-
airy 10 70 September 81, $3,1l1,744
Cumberland Pipe Line November
pipe line deliveries of IL per cent: ii
months, of SO per cent.
Fofd Motor Lincoln prices average
$z0O per model above last years.
Humble Oil q Refining willing TO
exchange oil with Texas Corporation
ano allocate connections if all Pam
handle wells are prorated Texas crude
output third quarter 1919, 1894 barrels.
against 7,622,276 previous quarter.
Illinois Pipe Line November pipe line
deliveries of IL per cent; IL months.
on 20 per cent
Indiana Pipe Line omits IS cents ex-
sa dividend; regular so cents quarterly
dividend declared November pine line
oenverles on SO per cent; II months.
OF per cent
international Telephone & Tele-
graph September quarter share earn
tngs So cents, against 90 cents: nine
mon .hs, $l.56, against s233.
Jordon Motor Car-Sufficient pre-
4erred and common stocks deposited to
carry out reorganization plan
Liggett g. Myers Tobacco reported
Chesterfield output holds TO 1929 levels
Fatima and Piedmont volume of.
Market Street Railway gross income
IL months TO November 80 of 5.3 per
cent
McKeesport Tin Plate, Metal Pack
age subsidiary, buys Fisher Can.
OTIS Elevator three plants operating
near 10 per cent
Standard Oil of California retail gas
cline price advances, ranging from
IL cents to 3 cents gallon, made in
Pacific Northwest; wholesale prices un-
changed.
Standard Oil Of N, j. formation of
new chain system OF tire merchandise
ing reported planned around Atlas Sup
ply Co.; cuts distillate fuel oil prices
u cent gallon to az cents
Sweets Co. OF America November net
before Federal taxes, t7.o33. against