Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-10
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, August 9.-The follow
ing is a summary of important corpora
ton news prepared by the Standard
Statistics Co, Inc, for the Associated
Press:
News Trend.
Corporation news continues to be of
generally unsatisfactory character. 5. A.
GERHARD Co. voted to omit quarterly
common dividend die at this time ana
Brown Fence & Wire reduced ITS cur
rent quarterly disbursement to 10 cents
from so cents.
with the exception of American Ma
chine 81 Foundry and Century Ribbon,
all first half earnings statements snow
smaller returns than year ago.
The weekly business surveys ma the
current heat and drought has injected
new and uncertain elements into the
domestic price situation and, also, have
further retarded wholesale and retail
trade. Bank clearings for the week
were Is per cent below year ago:
but higher than in same PERIOD OF
1928. when conditions were more nor
mai Commercial failures declined TO
A52 from 468 in the preceding week
and 435 in like period 1929
The Industries.
Drues.-During initial half OF cur,
rent wear sales of drugs, medicines an9
cosmetics were not malnIalneo az 800
of wear earlier. Such decline Is oeneVeQ
In have seriously curtailed pronts OF
,1erf,Inoe and cosmetic manufacturers
for that period. Although income OF
drug and medicine manufacturers was
o,,IT moderately reduced, for the re-
mainder of the year, improyement y
Anticipated in the drug trace. II 70
improbable, however, that aggIeso,H 1s
1o30 profits of concerns operating IA
go tsSo fe1d will fully equal 1929 income
x3e~f,rners on the other hand. VIII ull-
Sonhtedlv continue to feel the Ill eI,
facts of reduced purchasing power anu
should report comparatively uIlsdVisA"~
+orv returns for the full year. A.
Ou.-Texas Railroad ConlIniselou. ~ ~
order further Statewide cur1ai1 nao 49, %
crude production 75,O00 70 oo'OVo t S
rels daily from present output "a oO0"'
$40 900 barrels. x,,,,rsr
p,,hI,sr Tire.-With crude RUBBER
Ground 10 cents a pound and cotton al
- or 10 cents, the two major Iaw me
%a~saIs in fire business are aValIapIe az
Sarcain levels. Some inventory losses
haus been suffered by tire companies III
4~St half wear. but further losses WouI9
seena to be obviated with cotton anu
rubber at current depressed ieVes. E t.ra
with favorable raw material COST, Sne
szmnoanies will not make gooo snow
ing this year, owing to UNEXPECTEDLY
moor replacement demand, excessive
productive capacity, price cutting ana
LACY of competent control within the M
dustrv. in reasonably near future. Inere
Is no indication demand will eaten up
with potential supply OF tires, nut tne
gradual elimination OF small marginal
producers will relieve situation IN time;
Many failed last year ana more VIII
pass out this year. =. ..
Retail Trade-July sales IS cnaln
store systems aggregated $l78'03o,5lo'
decrease SO per cent from year aso;
seven months sales, same units totaIeo
s1.3l6,024.2 89, increase 2.6 per cent over
1929 period.
The Companies.
American Machine g. Foundry earned
S1.57 common share IN first half, against
p G. Sandwich Shops, Inc, July
sales up OF per cent; seven montns'
S.3 per cent above year ago. So
Baltimore & Ohio Ratlroad-Over T2
per cent holders Chicago q Alton S1zs
understood TO have accepted Baltimore
& Ohio offer Of 30.
Brown Fence s. Wire reduces quar-
terly dividend on B stock TO 10 cents
from so cents.
Ludwig Baumann & Co. july sales on
Builard 81 Co. had deficit s62, o64 in
first half, against profit s598.436, equal
SPIT common share year, ago.
Century Ribbon Mill earned 81 cents
common share, before taxes, IN nrsI
half against "a cents year ago.
Chicago. Burlington & Quincy r. r
reduction in grain rates may cut reve-
nues 81 500 900 annually. Glass rate
changes are not expected TO reduce
losses to any substantial extent.
Chicago Great Western r. r. reduc-
ton grain rates will not materially al
feet revenues.
Chicago. Rock Island & Pacific r. r
revenue loss of S2000,0 900 from grain
rate cut will be largely offset by gain OF
81. SOC. 900 from increases in class rates
Columbia Graphophone. Ltd, net In
come year TO June 80 E550,l56, against
S5o5, 100.
Daniel Reeves. Inc, July sales off IL
per cent; seven months, up 3.3 per cent
Diamond Shoe July sales up 81 pei
cent: seven months, 14.4 per cent above
first National sales four weeks &c
July 26 I'D 38 per cent: 30 weeks, 1913
per cent above year ago.
Ford Motor reported to have reached
definite agreement with lsotta Fraschln
for active cooperation.
General Realty & Utilities earned
SI.l4 common share in first half.
S. A. Gerard Co. omits 3712 cents
quarterly common dividend currently
due.
international Carriers. Ltd. liqui'
dating value June 80 was $l762, agains'
5000 April 81, 1880.
international Harvester reduces pric'
Farnau tractor $50, TO 1925, +. o. b.
Chicago.
International Petroleum, Ltd, jun
crude output in Colombia and Peru
2,522.317 barrels, against 2,640,36 yea
ago; six months, 1928, CAT, against 10,
2i9,079
Lane Bryant. Inc. July sales up rs
per cent; seven months, II per cen
above year ago. Excluding Coward Sho
sales, July of O.3 per cent; sever
months, down / per cent.
Ludlum Steel had deficit S9542z
first half, against profit 1891 1896, equa
S3.26 common share year ago.
McMarr Stores July sales OF 81 pc
cent; seven months, "A per cent aboV
year ago.
Morrison Electrical Supply July sale
off 90 s per cent: seven months, UP IA.