Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-16
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS

NEW YORK, November 15.-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.
The mercantile reviews report no
marked change developed in the trend
of wholesale and retail trade this
week. Warm weather was mentioned
frequently as deterrent to buying for
Winter needs. The weeks commercial
failures increased to 495, against 4S9
in the preceding week and 404 in the
1929 period. Bank clearings at prin-
cipai centers Of the country decreased
IN New York City was 44.6 per cent and
at outside points 1913 per cent
A further advance in the price OF
copper to IL cents pound has been
made by all producers. This makes an
increase of 2i2 cents pound for the
week. The announcement of a plan to
curtail production stimulated substan-
tial commitments by smaller consumers,
but the large users had filled their fu-
ture requirements at lower prices and
have not come into the market TO any
great extent.
Unfavorable dividend actions by i'm
portant companies include reduction by
Chrysler Corporation and omission OF
disbursements by Morrison Electrical
Supply, Standard Investing and United
Car Fastener.
The Industries.
Agricultural Machinery.-with indi-
Gated farm income for present year over
$4,000, 100000 Cor 10 per cent? less than
1929, reduced purchasing power OF farm
er. in many cases has effected inability
to meet installment payments on farm
machinery. Foreign credits are adding
to the difficulties that are subsequent
to diminished demand and accumula-
ton of comparatively heavy inventories.
Relatively heavy Soviet orders which are
to be filled in the present quarter repre-
sent an offsetting factor to declines in
domestic sales.
Railroad II Leading Western roads
have adopted three-class passenger
fare plan. Involves division Of passen-
ger rates into three claSsifications
present full sleeping car rate, new
tourist rate and coach rate. Difference
between rates approximately 20 per
cent.
The Companies.
Associated Gas g. Electric extends to
january 2, 1896, time limit for con-
version of convertible 415 per cent gold
debentures into class A stock.
Buckrus Erie reported has entered
into merger negotiations with Marion
Steam Shovel.
Calumet Sc HecIa Consolidated Cop
per Mine operations on four-day week
basis.
Chrysler Corporation had deficit
$el6,iO in third quarter, against net
income S6,635,179 year ago; nine
...oTtl1s' net income, So; 492, TAT, against
net income S24,730, 419. Declared div-
dend IS cents 'on common stock; on
September 80 disbursement OF 70 cents
was raade.
Commonwealth e. Southern, subsidi-
airy Ohio Edison, sells interest in all
transportation companies; sale price
estimated around $14.000,000.
Jewel Tea sales four weeks TO NO
vember ! of i2.9 per cent; A weeks,
6.8 per cent below year ago. Average
number sales routes 1880 was l,24O,
against 1,175 in 1928 period.
c. r. Kinney Co. estimated 1880
earnings equivalent to 81 common
share.
Lehigh Valley Railroad. -German-
American Mixed Claims Commission
has dismissed, as unproven, claims for
$22,O00,000 damages against Germany
resulting from explosion at Black Tom
terminal In July, 1916.
Martin-Parry Corporation had deficit
$442,8 02 in year to August 81, against
deficit $500, 372 in previous year. Prest-
dent states that on settlement for IN
dianapolis plant sales transaction d.
rectors will take action on distribution
to stockholders of 81 a share.
Missouri, Kansas, Texas Railroad to
re-engage 1000 shopmen laid of re-
Gently.
Morrison Electrical Supply passed IL
per cent quarterly stock dividend, but
declared IS cents quarterly cash divi-
dend on common stock
Peerless Motor Car October shipments
exceeded September by IS per cent and
nearly eQualed those Of year ago.
Daniel Reeves, Inc, October sales OF
"a per cent; 10 months, up Q per cent
over year ago.
Ruud Manufacturing third quarter
earnings 35 cents common share, against
$l.33 year ago; nine months, $2.26,
against 1852.
Standard Investing passes $l.37h
quarterly dividend on $3.50 preferred
stock currently due.
Swift g. Co. plans acquisition of Neu-
hod Packing and Nashville Cold Storage
of Nashville. Tenn.
United Car Fastener omitted is cents
nrrrarvanra s4fxyfIasaA s,auol1ln al