Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-20
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

pOTaIlOu News prepared Dy the SIdlludi0
Statistics Co., Inc, New York for the
Associated Press
News Trend.
With the exception of favorable oil
statistics, the days reports from in
dustry are unsatisfactory. Steel ingot
production was reduced further in the
past week, with operations for the en-
tire industry averaging about SAFE per
cent of theoretical capacity, compared
with SO per cent in the preceding week
and SO per cent two weeks ago. AT
this time last year plants we're operat-
ing at slightly over 90 per cent capac-
ity, while in 1928 period rate was rs
per cent Railroad freight car load
ings for the week ended August 9 con-
tinues at level Of 1922. Total of 904,-
1877 cars, was 172 per cent under like
week year ago and 1874 below 1928
week.
Refined sugar price has been reduced
10 points to 4.40 cents q pound by lead
ing refineries.
The midweek reports from industry,
with the exception of steel production
and oil statistics, are unsatisfactory.
Steel ingot production was at So per
cent, against So per cent a week ago,
according to Iron Age. At this time
last year plants were operating at slight
| ly over 80 per cent capacity, while in
the 1928 period the rate was rs per
cent. Railroad freight car loadings for
the week ended August 8 continued at
| 1922 level. Total of 904,15 cars was
17.2 per cent under like week year ago
and 1874 per cent below 1928 week.
Official report on domestic crude oil
| production tor the week of August l6
shows output was reduced $4,000 bar
rels daily from previous week to average
| 2,463,550 barrels a day. Gasoline
| stocks were cut i,477 900 barrels to Al
| 252, 1000 barrels, the lowest since De-
cember 81, 1929.
Several interesting price revisions
we're announced. Refined sugar was re-
duced 10 points to 4.40 cents a pound
by leading reflners. Cigarette prices
have been advanced by United Cigar
Stores and Schultz Retail Stores. Steel
scrap was increased so cents ton to
S1575 in Pittsburgh district. Hog
prices at Chicago have advanced to
highest point since August, 1929.
Corporation news is comprised largely
of earnings statements, all of which,
with the exception of American Agri-
ultural Chemical, show poorer results
than year ago. Warner uinlan omitted
quarterly common dividend due at this
time.
The Industries.
ARr1CulGuTe-GTdln exports 1IOtn
United States in week ended August 16
were 3,136,0O0 bushels, against 2,ll2000
in previous week and 5,296, 900 year ago.
Automobile-Cars financed during
June totaled 332,852. on which Sl41,-
188,578 was advanced, according to sta
tistics 439 financing organizations. This
compares with 1874, $50 machines and
advances $178,983,8 1896 for June, 1929,
and 344,220 cars, with advances $145,-
346,014 during May, 1880. Six months
financing totaled 1,666,578 cars, with
advances $40, 1858 VS.. I,809,356 cars
and $3.50 ,227, 143 in 1929 half.
Meat packing-Price hogs advanced
| to Sill go at Chicago yards; highest level
since August, 1929.
Oil-Domestic crude oil output in
week ended August Is averaged 2,463,-
| $50 barrels daily, decrease OF 1890
| barrels daily.
acknowledgements car loadings in
| week ended August 9 totaled 1904, l57
cars, a decrease of 14,l78 cars under
previous week and lowest Of any like
week since 1922 Compared with 1929
| week decline was 1896 cars, while
against 1928 week drop was 140,111.
Steel--Price No. heavy melting scrap
50 d ss1ts fen TO SS See
| ingotS, in industry as whole, averaged
541a per cent theoretical capacity in
past week VS. Sc per cent in previous
week and So per cent two weeks ago.
| In like 1929 week average was 80 per
cent and in 1923 period rs per cent.
Sugar-PrGG refined sugar reduced 10
points to 440 cents pound by leading
refiners.
The Companies.
American Agricultural Chemical
earned $3.50 on Sc preferred stock In
year to June 80, against STAT previous
year.
Brooklyn Manhattan Transit July
surplus, after charges, up "a per cent.
Canada Bread, Ltd, earned S3 cents
common share in year to June so,
against $l39 previous year.
Durant Motors, w. c. Durant re-
elected president; subsidiary, Durant
Motors of Michigan. receives contract
from American Mathis, Inc, to build
lO0, 900 Mathis midget" cars; Durant
Motors of California given exclusive
right to build Mathis cars on Pacific
Coast
Exchange Buffet earned 81 cents
common share in quarter to July 81
VS.. same amount year ago.
Fairbanks Co earned $500 on So.
First preferred In first half VS.. $l6'73
Ford Motor adds five dump body
trucks to line Of standard model l15-
ton trucks.
Gamewell Co. declares initial divi-
dend, $15O on Sc preferred stock.
International Railways of Central
| America July net after taxes of 52.3
per cent; Z months, lat per cent below
| year ago.
National Manufacture & Stores
earned 80 cents common share In year
| to May 81 VS.. $240 previous year
| Perfect Circle earned $2.65 common
share in months to July 81.
Radio Corporation starts Fall pro-
duction, pointing toward maximum OUT
put, 5000 sets daily.
Pet Milk had 270 preferred and 1872
common stockholders August IS.
United States Freight first half earn
| ings, $l.18 common share VS.. S2-4O year
ago.
Van De Ramps Holland Dutch
| Bakeries, Inc. earned $l.28 common
share in first half, VS.. LAT year ago.
Western Air Express air mail revenue
first half, $l,049,l8l VS.. $l,o43,l57 year
ago.
Western Pipe g. Steel of California
untitled orders currently, $2,000,000.
Chesapeake e. Ohio Railroad unclud-
ing Hooking Valley July surplus after
charges off 15.9 per cent; seven months,
AZ per cent below year ago.
Public Service of New Jersey July net
income up IL per cent; II months lit