Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-24
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, December 24.-The
following Is summary of important
corporation news prepared by the
Standard Statistics Co., Inc, New York,
for the Associated Press.
News Trend.
Outstanding in the days financial
news is the reduction of the New York
Federal Reserve Banks rediscount rate
from 2l2 to per cent. This is the
fifth reduction by this bank during
the past year and brings the rate TO
the lowest of any central bank in the
world. The action is interpreted as
step by the bank to remove any APP
prehensions that may prevail in regard
to the banking situation Railroad car
loadings in the second week of Deem
Der registered a greater than usual de-
cline from the preceding week. Total
of 744 443 cars was 42,730 under the
week previous and the smallest for the
period since 1921. Decline from 1929
week was 1914 per cent.
The Companies.
Alabama Power combined preferred
share earnings, II months to November
80, $18.55, against S21.98.
American Tobacco Co. November
Lucky Strike sales up 419,322,00o; IL
months gain, 1866, 900.
American Vitrified Products deficit
year ended October 81, $119,877, against
net income $250,198, equal to $2.26, in
1929 period.
Angbo-Persian Oil declares Decent
divident on A. D. r. for ordinary stock.
Appalachian Gas declares initial
dividend SITS on 81 series A preferred.
Baltimore & Ohio Railroad-Time to
sell Western Maryland stock holdings
extended six months from January 13,
1881.
Brazilian Traction, Light e. Power
November net, before depreciation and
amortizing, off 11.6 per cent; II months,
off is per cent.
Briggs Manufacturing, 1912 cents ex-
ira and 371a cents quarterly dividends;
paid rs cents July, 1927.
Brooklyn Manhattan Transit share
earnings five months to November 80,
1924, against $2.57.
Brooklyn & Queens Transit share
earnings five months to November 30,
A cents, against So cents.
Cleveland Tractor share earnings
year ended September 30, S3.O5, against
SAL.
Elgin National Watch dividend &C
ton to await full 1880 figures.
General Gas g. Electric share earn
ings II months to November 80, AZ
cents.
Gilchrist Conc action on per cent
quarterly stock dividend on common.
Inland Utilities receivership action
fled in Federal Court. Wilmington.
Interborough Rapid Transit Novem-
Der deficit, after charges and man. 5
Der cent rental. s272, 022, against def
icit, S12A648; IL months deficit
sI.526,939, against deficit S730,299,
kellogg (Spencer) s. Sons share
earnings - weeks to November %
% cents.
Loft, Inc, September quarter share
earnings. 4 cents.
Long island Railroad share earnings,
nine months to September 30, S4.66r
against S6.94
Massey-Harris working force about
25 per cent of normal.
Midland Natural Gas recelvershlp &C
ton filed in Federal Court, Whining
Midwest Refining Co., s14 extra divi-
Observation-Disclosures Elec. share earn
ings. IL months to November 80, Sl.07
New york Central R. r. let's con-
tracts for 10000 tons rail, appor-
, toned between Bethlehem Steel, U. >.
Steel and others.
Potrero Sugar share earnings, year
ended october 81, 81 against S1.28.
Regal Shoe Co., buys % Emerson
stores, increasing chain to los units.
st. Louis-San Francisco Railway
authorized to cut fare to cents a
mile.
Seaboard Air Line Railway reorgani-
cation plan reported imminent. Two
equity receivers appointed for road by
Federal Court.
Selected Industries passes dividends
on prior preferred and prior stock al
lotment certificates; paid $1,37l2 and
S1O31s, respectively, october l.
Southwest Dairy Products ST pre-
ferred share earnings, 6 months to Sep
TENDER 80, $3.50
Standard Oil (Ind) Midwest Refinery,
subsidiary, pays S14 extra dividend.
Tri-Utilities Corp. share earnings, IL
months to September 80, $3.42.