Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-04

and in each classification only a linn
tied number of companies have so far
reported. The coal industry, with six
companies reported, shows the greatest
net loss from the previous year, reduc-
ton amounting to 70 per cent. Reflect
ing the adverse price and demand con-
ditionS, four copper companies expert
enced decline of So per cent. Other
substantial declines include automobile
and automobile parts, both exceeding
40 per cent: apparel, "a per cent; steel
and iron, 81 per cent, and Office and
business equipment and oil producing,
each q per cent. The five electric light
and power utilities included counter
balance slight declines in both tele.
phone and traction fields, with ccm-
bined IL companies showing gain of 2
per cent. Aggregate decline in railroad
group of 81 companies amounted to SO
per cent. Comparisons of present year
returns with 1928 also are unsatisfac-
tory. OF the three major claSsif1cations
only the utilities show higher profits
than in the first half of 1928, and here
the gain is fractional. Aggregate decline
of the 2l3 companies for which COM
parable statements are obtainable
ther reports of first half returns will
probably result in still greater aggre-
gate widening Of profits decline, it Is
now apparent that industry in general
during the initial six months of 1890
earned some 70 to rs per cent as much
as in the highly profitable first half of
1929 and almost 95 per cent of the to-
tai experienced in the like 1928 period.
Abitibi Power g. Paper Thunder Bay
and Fort william plants operating at
60 per cent capacity.
Ice. 80 - A,.1
untitled orders about same as year ago.
Operations reported at IS per cent ca
pacity.
American Light e. traction earned 90
cents common share In first half,
against 95 cents; IL months, $3.50,
against 1882.
Colorado g. Southern Railway June
net operating income off sos per cent;
six months, IL per cent below year
ago.
Eastern Manufacturing earned $l65
common share in first half.
First National Pictures Hollywood
studios to partially suspend operations
for period of eight to ten weeks, be-
ginning September 2.
Graham-Paige Motors has added SIS
new dealers since first of year.
International Mercantile Marine Of
ficials deny definite arrangement or
agreement has been made to CONSOLE
date with Roosevelt Steamship.
Interstate Department Stores to open
new store at Williamsport, Pa.
Neisner Bros. July sales up 8.4 per
cent; seven months, 1877 per cent below
year ago.
New York, Rio & Buenos Aires Lines
carried $685. passengers over routes be-
tween North America, West Indies and
South America In first half of year.
Otis Elevator gets contract for 81
elevators for New Waldorf Astoria Ho-
tel; also will install lift 10 feet by 6
feet to operate from railroad siding
/ beneath hotel to ground floor.
Pacific Telephone g. Telegraph June
net income % per cent above year ago
Prairie Pipe Line July crude oil de-
liveries totaled 4,811 ,201 barrels, against
SSH POT in June and 7,048,297 year
| ago.
Proctor & Gamble Col. p; Nor
gan g. Co. did not exercise option TO
purchase additional stock at $50 share
which expired August 2.
Reliance Manufacturing ulllnois)
June quarter earnings cents common
share, against 81 cents; six months, AZ
cents, against 81 .58.
Sears, Roebuck & Co. to open auto
mobile accessories store in East Orange
Southern Cities Utilities net income
before interest, IL months to May 81,
81, 1872 ,698,
Standard Oil New Jersey and several
other major companies to sell automo-
bile tires at filling stations.
Teck Hughes Gold Mines, Ltd, es-
| timated surplus, after taxes and de.
probation, nine months to May, ST.
293,457.
Van Camp Packing IS per cent COM
mon, all prior preferred and IS per cent
preferred deposited under plan reor-
ganization.
westinghouse Electric g. Manufac-
turing gets $4,000 contract from
United States Steel subsidiary.
Joseph Bancroft & Sons had deficit
! 80 cents common share In first half
against profit 81 SO in 1929 period.
| Crown Zellerbach Corporation sub
sidiary acquires Standard Paper of Sar
Francisco.
Detroit Aircraft reported director.
would consider sale of Ryan Aircraft
at forthcoming meeting.
Edison Brothers Stores June sales
up 8 per cent: months, IS per cent
Exchange Buffet July sales of g.
per cent; months, % per cent be.
j low year ago.
| Marlin Rockwell Corporation earned
$1.S7 common share In flrst half
against $3.87 year ago.
Maytag Co. earned A cents common
share in first half against $1.55 year
ago.
Saxet Co. subsidiary obtains contract
to supply Southern Gas with minimum
of 4,500,0 900 cubic feet of natural gas q
day.
United States Rubber to close Law.
renee dyeing plant permanently in few
DAVIS Have dismissed 900 en1DlOVeg al
Alice mill, 800 remaining at work to b.