Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-29

REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS
NEW YORK, March 2s.-The fol-
lowing is today's summary OF important
corporation news prepared by Standard
Statistics Co., Inc, New York, Tor the
Associated Press.
News Trend.
The posting of a definite price sched-
tle for East Texas Crude Oil by Mag
nolia Petroleum, following completion
of that company's pipe line to the
district Is expected to act as stab
nizing influence on East Texas prices
generally. In view Of the weakening
Of oil prices generally, this development
offers some encouragement, especially
since the prices posted are above the
prices at which certain grades have
sold recently.
Conferences between Eastern railway
executives and the brotherhcods re-
Gently held, and others expected shortly
are indications of activity in further
ance Of the four-trunk- Eastern
consolidation plan.
In the corporation news dividend
Reductions or omissions are once more
of Importance, although lacking the
direct bearing on the security markets
or similar news in the past two days.
Edison Brothers Stores announced a
cut today, and General Alloys passed
. preferred payment. Railroad reports
continue to show poor February COM
par1son Of net operating incomes
New automobile registrations reported
by Al States and the District of Co
lumbia for February showed an en-
couraging increase over the total re-
ported for January, but are still behind
February Of 1880. Chevrolet shows a
decreasing lead over Ford in percent
ages OF the total figure.
The Industries.
Automobile February new passenger
car registrations in Al States and Dis
trtct Of Columbia totaled 111,538,
against 103,832 in January and 49,
$40 in February, 1880. OF Februarys
total Chevrolet registrations made up
30s per cent and Ford 80 per cent,
against 25.4 per cent and 42.1 per cent,
respectively, in February, 1880.
acknowledgements net operating
income Of 80 roads for February on as
per cent from February, 1880, 59.3 per
cent from February, 1929.
The Companies.
Ann Arbor Railroad February deficit
after charges $l6.926, against surpluA
Of se,378; two-month deficit $62,l44,
against surplus Of $3.50.
Atlantic Coast Line Railroad Febru-
airy net operating income of 3.4 per
cent; two months OF lie per cent.
Bangor & ArooStook Railroad Febru-
airy surplus after charges of "a per
cent: two months of 29.S per cent.
Barcelona Traction, Light g. Power
February gross up as per cent, net up
81 per cent; two-month gross up 81
per cent, net up 81 per cent.
Central Railroad Of New Jersey Feb
ruary net operating income of 3l.6 per
cent; two months of 32.5 per cent.
Chicago & Northwestern Railway
February operating income Of 56 per
cent; two months OF 30 per cent.
Curtis-Wright Corporation chairman
states no new financing is planned at
present; expects profitable operations in
mai hall, viii produce commercial
planes in keeping with sales rate
Eaton Axle &c Spring to acquire Re-
lance Mfg. of Ohio through exchange
Of shares in ratio Of shares Eaton
for 4 shares Reliance; deal subject to
approval Of stockholders.
Electric Auto-Lite March business ex-
pected to register a gain Of 20 70 IS
per cent over February, which exceeded
January by 30 per cent.
Ford Motor February registrations of
new Ford passenger cars in Al States
and District Of Columbia totaled SO, 48l,
against 1925 in February, 1880.
General Alloys Co. passes preferred
dividend; paid l713 cents in February,
General Electric Co. Germany joins
with Societe Mineralo g. Minerals in
formation Of new Rumanian company,
which will distribute electricity through
Bsnst region.
General Motors February registrs-
tons OF new Chevrolet passenger cars
in IL States and District Of Columbia
aggregated "a. 800, against 1921 q year
ago; all makes, 4s.75, against 62,Sil.
First quarter share earnings estimated
81 90 cents common share.
share earnings sl.46. against s4.72.
Holster Opposition offered TO
new reorganization plan; two brokerage
firms to present alternative plans.
Keepers Gas e. Coke 1880 common
share earnings 50 40, against $3.50. in
GLIDING profit on sale of securities
amounting to S2.37 a share, in 1929.
Los Angeles Gas &c Electric net in
come, - months to February %, of
1874 per cent.
Metropolitan Paving Brick 1880 com
mon share earnings s2.55, against S208
National Tile 1880 common share
earnings, 10 cents. against $3.50.
North Central Texas OIL 1880 deficit
s72,4li, against net income S278,637
equal to 70 cents common share in 1929
Northwestern Bell Telephone Febru-
airy gross UP IL per cent, net after
taxes up 90 per cent; two months
gross up 10 per cent, net after taxes
up So per cent
owens illinois Glass 1880 common
share earnings S245 against $3.50.
PENNSYLVANIA r. r -Atterbury favors
regulation OF railroad competitors; as
eerts present situation discriminatory
with railroads highly regulated while
other worms Of transport are not 50
regulated or only to minor degree.
Piedmont a. Northern Ry. 1880 COM