Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-28
CORPORATION
REPORTS
TRENDS AND PROSPECTS or
LEADING ORGANIZATIONS

NEW YORK, September a CR.-The
following is today's summary Of import
ant corporation news prepared by
Standard Statistics Co., Inc, New York,
for the Associated Press.
News Trend.
The downward trend In security and
commodity prices continued on Friday.
Our composite price index of 90 repre-
sentative stock issues declined "a points
during the session and, based on closing
quotations. stood at 154.3, or only O3
point above the low level of the year, re-
corded on June "a. weakness in COM
modify markets was rather general. Cot
ton quotations were the lowest since
September, 1918. Several wheat and
rye futures declined to a new years
low, and corn, oats, silk, sugar and rub
Der were at or near new low points.
The weekly mercantile surveys report
there was q further moderate advance
in Fall trade during the past week. Two
deterrents to trade activity were the
holidays and especially the warm, tiI1-
seasonable weather. Taken in Its EN-
tirety, Bradstreet's states the current
trade situation Is nearer fair than in
some months past. Commercial failures
for the week totaled 4S8, against 4g7
last week and 428 In like week of 1929
Bank clearings at leading cities we're
37.7 per cent below a year ago. New
York City's exchanges declined by AIS
per cent and outside cehters by ZIG per
cent. The larger decline in New York
City exchanges Is due largely to the re-
duced activity on the stock exchange ds
contrasted with a year ago.
The Industries.
Automobile postponement Of funda-
mental recovery in the automobile in
dustry. at least into the early months
of 1881, is now quite definitely Indicated.
New models recently introduced and
drasticAlly reduced prices have failed to
arouse more than passing interest and
cautious buying policy of consumers
preclude any early amelioration Of de-
nlAnd conditions. For the full current
year, production will probably be held
to total somewhat under 100000 cars
and trucks. Earnings will be at the low
years and moro than. 50 per cent below
the levels Of 1929 and 1928.
Mining and smelling world
lead output was 154,164 short tons,
against Isl 1856 tons in July and 150,541
In June, according to American Bureau
Metal Statistics. Imports of lead in ufl-
manufactured form into United States
were PASTA metric tons, against 20,642
in July and 27,9l6 in June. Exports
manufactured lead by United States
were 1891 tons, against 4,090 In july
and 5,a00 in June.
Oil-Gasoline storage in California
declined 128,646 barrels during August
to 14,362,723 barrels at close Of month,
according to United States Bureau of
Mines.
ailroads-August net operating in
come, of first "A railroads reporting ae-
gregated $44 ,828,000. decrease 27.4 per
cent from 1929 month and 1875 per cent
enues of same roads was 5000 ATS 900,
decline 1879 per cent from year aRo
and 14.4 per cent less than in 1928
period. Compared with July, gross rev.
eHltes expanded AZ per cent and net
operating income 27.4 per cent.
The Companies.
Aviation Corporation and Southwest
Air Fast Express awarded Atlanta-Los
Angeles air mail contract. Service be-
gins October Is.
Bulova Watch chairman states earn
ings for first nine months will equal or
exceed same period 1929.
Central Railroad of New Jersey Au-
gust net operating income off ii per
cent; eight months, ID per cent below
year ago.
Chicago, Milwaukee, st. Paul & Pa
cific Railroad August net operating In
come OF IL per cent; eight months, ex-
GLIDING $237,S38 back mail pay in ie2o,
on ~ per cent.
Chicago, 81. Paul, Minneapolis q
Omaha Railroad August net operating