Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-24
CORPORATION
REPORTS
TRENDS AND PROSPECTS, or
LEADING ORGANIZATIONS

NEW YORK. September 24-The
following is a summary Of important
corporation news prepared by the
Standard Statistics Co., Inc, for the
Associated Press.
News Trend.
Security prices rallied sharply yester-
day, the Standard Statistics price in
dex of 90 leading stocks recovering
approximately so per cent of Mondays
loss. Commodity prices, however, con-
tinued their down trend with wheat.
cotton, oats, rye. crude rubber and
raw sugar establishing new record or
season lows.
Freight car loadings for the week
ended September Is again were the
lowest of any like week since 1922,
Total 965,7l3 cars was increase 109,-
O76 cars over preceding week, which
included Labor day, but compared with
year ago was decline 1851 cars and
against 1923 period decrease I72.347.
News of the oil industry is largely
unfavorable. Crude oil output in the
week ended September 20, increased
1850 barrels over the preceding week
to daily average production 2421, 800
barrels. This adverse development,
however, was somewhat offset by re-
auction ST. 900 barrels of gasoline
stocks to lowest point since November
30, 1929. Unsettlement in the retail
division Of the industry continues with
Standard Oil ". j.. and Warner-0uin-
Ian reducing gasoline prices cents
gallon in past day. 1t is believed these
reductions foreshadow general cut
throughout the country.
l.
ton news are announcements of divi-
dend reductions or omissions by Edison
Bros. Stores, Gladding, Mclean a. Co.
Southern Royalty, Republic Steel and
Alexander Hamilton Institute. A re-
ownership action has been instituted
against Celotex Co.
The Companies.
Alexander Hamilton Institute omitted
SIPS common dividend due TO have
been paid July is.
American Ice August net profit be-
Tore taxes and depreciation (includinr
suosidiartes), $1,008,717 against 1920 ,9l7
year ago.
Ann Arbor Railroad August surplus
after charges. $19,948 against s62. 71e:
months, $65,S7z against $404, 1856 year
ago.
ANAa0AoLl NOAOpOEdllO1 service between
CIeVeiand and Chicago, operated by
Der 80.
Observation-Disclosures Transit August
surplus after charges off 10 per cent. 2
months, 20 per cent below year ago.
Brooklyn Queens Transit August net
income of 1.S per cent; months, So
per cent below year ago
Brown Shoe current production about
30 per cent capacity.
Bush Terminal Subsidiary. Bush
service, concludes negotiations for con-
troll 70 European distributing COM
panies; acquisition increases number
European Offices to 400.
A. M. Byers Co. net $4,000 0of
wrought iron plant to be formally
opened October 8.
Celotex Co. receivership action fled
IN superior Court, Chicago, by stocIs-
holder, charges insolvency.
Eolson Bros. stores reduces quarterly
dividend to 1874 cents; paid Is cents
Gladding, Mclean g. Co. omits semi
annual stock dividend due at this time:
70 cents cash dividend declared.
international Railways of Centrsa
america August net after taxes OFF
"a, IA per cent; months, II per cent be-
low year ago.
Leland Electric first half earnings.
20 cents common share.
. Natlonal Standard earnings year to
september 80, estimated at S4 common
snare against $5.17 in previous wear.
National Tea buys stock and fixtures
OF ~ stores Of National Grover. Includ-
ing these units currently has $50 units
against 1927 end 1929 -''
new Haven Clock with WESTINGHOUSE
Electric d Manufacturing mas booked
Clock. 1eSuAC
q; new York States Railways receivers
1ie report, recommending abandonment
Oneida and Rome lines coruars;o,s
Rochester line to one-nan tvna ser 9ion
ana installation passenger reeistering
$67,300,O93. Pi"oeu ~