Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-07
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

lowing is today's summary Of important
corporation news prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Retail trade expanded moderately this
week, stimulated by cold weather, holi-
day shopping and sales advertising, the
| mercantile reviews report. Irregularity
is in evidence in different sections, but
taken as whole, stable gains are
shown. Commercial failures for the
week were exceptionally large, number
ing 500, compared with ASS in the like
| 1929 period. However, bank clearings
recorded substantial improvement, total
exchanges being the largest in several
weeks. Decline from 1929 period for %
leading cities was 23.8 per cent, against
average drop Of more than 80 per cent
over the past several weeks New York
City clearings were "a per cent smaller,
while outside centers declined 1913 per
cent.
Corporations announcing dividend
omissions or reductions over the past
day are Borg-Warner. Noranda Mines
and National Investors. An increased
special dividend was declared by Mar
ltn-Rockwell. Chain store November
sales figures continue relatively unta-
vorable contrasted with the showings
of earlier months of the year. Stand
ard Oil of New Jersey reduced bulk
gasoline price u cent a gallon to 6Lz
cents.
The Industries.
Leather and shoes. o,Itnut.
Of boots and shoes totaled 27,353,255
pairs vs. 29,334 1902 pairs In September
and 37,191,043 pairs year ago. Com
merce Department reports. Ten months
production was 267,713,028 pairs VS..
311 .203,395 in 1929 period, decline of
IA per cent.
Oil.-Leading Venezuelan crude oil
producers recently reduced output by
~ per cent or more in cooperation
with curtatlment movement in this
country.
Rallroad.-October net railway operat-
ing income of class l railroads totaled
$ll2,251 ,0O2, decline of 26.7 per cent
from year ago. Gross revenues for
month were $483 asa, 1913, drop of 1914
per cent from 1929 month. For the
nrst 10 months of 1880 operating in
come amounted to $772 ,44O, $50, decline
OF 3O.7 per cent from 1929 period, while
gross revenues 'totaled $4,566, 237. 799. a
decrease of 11.6 per cent. Railroads plan
larger tank cars in step to meet pipe
line competition. Will have capacitv
OF $4,000 gallons, compared with i0 mi,
gallons for cars now generally in ,Ise
:, oteel'-NoVember steel ingot produce
ton was at daily rate of so 37o tons
vs.. lOO,756 in October and 135.427 in
november, 1929. according to American
Iron and Steel Institute. Total oI,tn,1t
was 2,234, 482 tons VS.. 2.720414 IN
october and 1881, iii year ago. Eleve,
months production was 1884. 765 tons
VS.. 81, 4O9.267 November operating rate
MaS $50 per cent of capacity VS.. sos
Per PEI cent In October and SO per cent in
tSzS; operations averaged SIS per cent
1or IL months VS.. 91.7 per cent
The Companies.
Arizona commercial mining November
copper output estimated 269 .722 barrels
VS.: 413,32l in October. '
6org-Warner declares 25-cent omar.
terly common dividend; paid rs Cents
Iolmeriy Freewheeling patent pooling
arrangement made with Studebaker.
Arizona Commercial Mining Noyem-
yer copper output. estimated 269. 722
pornos vs.. 4l3,32l in October.
delaware d Hudson Co.-Speciai, div
ldend 50 a share declared bv AIhanu =,
Susquehanna r. r., subsidiary.
Federal Bake Shops November so,as
cent. va 1'' PEE
Fisk Rubber reorganization or uoui-
oatloH reported contemplated.
Ford Motor, Ltd, current year sales
nearly equal to 1929. ''''
General Motors-Cheyrolet Decen,her
Scneoule Is 10000 units above anv like
previous month; 29.500 employed in 90
domestic plants. 49, az
Hart, Schafner & Marx-Actual had
oeDe loss, nrst II months. about rs per
International Nickel of Canada--s nm
tons copper handled monthly bv On
tarlo Refining, subsidiary.
kroger Grocery & Baking sales. four
weeks to November 20, of 9.6 per cent:
year TO date, of SO per cent: number
units on rs per cent from year ago
kuppenheimer (B) 1880 fiscal wear
net reported of about so per cent.
Mar1n-Rockwel 50 extra and so
Genus regular quarterly common diyi-
oenoS' paid $1.50 extra January 2.
Mcclellan Stores November sales Off
II per cent; II months, up 81 per cent
assets to National Steel for $685.. SOS
obligation, $3,031 PTS cash and 60,625
National common shares.
Nhana mine Of Bwana M'Kubwa-
Merger agreement reported made with
NChanga Copper
National Investors omits 23z per cent
dividend on 5h per cent preferred
Noranda Mines passes quarterly divi-
oeno; paid so cents October /; I'M
certain copper situation and large con-
templated OUTLAWS reported responsible
Onlo on subsidiary, Marathon Oil,
buys Del Rio refinery and holdings of
100000. w.
Pennsylvania r. R.-Interstate Com
merce Commission expected to order
Investment Of Wabash and Lehigh VAL
ley shareholdings.
Prairie Oil & Gas temporarily with
drawing as general purchaser of crude
oil In order TO reduce crude inventory,
estimated at 10000, 900 barrels
Radio Corporation of America asks
Court OF Appeals to reverse Clayton act
violation decision.
Reeves DanieD November sales off
"a per cent; IL months, up IA per
cent.
Rhine westphalia Electric Power
Germany acquires control Of West
phalia United Electric Power. Reports
Of acquisition said to be premature.
Schultz United SC to 81 Stores dn-
Guiding subsidiaries) November sales off
4.S per cent; ii months, up Al per
cent.
Sears-Roebuck sales, November 6 to
December 8, of 20 per cent; January 2
to December 3, of 10 per cent.
Simmons Co. Excluding subsidiaries)
November sales of 80 per cent; ii
months, of 81 per cent.
Standard Oil of New Jersey hull,