Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-20
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, April 2o.-The follow
ing is summary of important corpo-
ration news, prepared by the Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Primarily in reflection of increasing
Ciisappointnent over the Spring indus
trial showing, now that the peak def
1niteIy seems to have been passed, stock
prices last week showed further decline,
continuing a movement which began
late in February. Secondary influences
of an unfavorable nature were also
present to affect the weeks movement,
particularly the publication OF several
extremely unfavorable first-quarter
statements, the announcement OF fur
ther dividend cuts and emissions and
disturbing foreign political develop
ments.
The Standard price index for go
stocks showed a decline of So points to
124.9 On April II from 1907 on April
10. It is to be observed that the total
decline. as shown by the index, was not
extraordinary in amount and was &C
complished in a relatively small share
turnover.
Weekly News Review.
Wholesale prices. according to the
Department of Labor index, declined in
March to 745 from 75.5, including
February's downward movement. TINS
figure is below March of 1880.
Steel activity during the week showed
a further decline to about 81 per cent
of capacity from SO per cent the week
before, a drop for the fourth successive
week. The composite price OF heavy
melting scrap, as compiled by the Iron
Age. which often reflects the direction
that mill activity will take in the i'm
mediate future, fell to sl083 ton, the
lowest since 1915. Such developments
in one Of the basic industries were dis
appointing in some quarters which had
expressed moderate optimism week
ago
Oil was again the source of unfavor-
able news. Daily average crude output
for the week ended April II was re-
ported last Wednesday TO have increased
SIS 642 barrels over the preceding week.
continuing the persistent increase in
output of the past two months in spite
of efforts to effect control. At the end
Of the week it was reported that an
agreement had been reached between
important factors in the industry over
a national plan to limit production. but
it is still too early TO Judge the actual
effect Of this development.
Revenue freight car loadings for the
week ended April 4, reported on We'd
nesday, declined II $50 cars from the
week before, due largely to the OBJ
servance of Good Friday This drop,
however. was less than the usual sea-
sonal decline for the week. Executives
who have m.de public comments on
March results impaired a general feel
ing Of optimism over the showing that
the figures. most Of which will become
available during the coming week, Will
make.
Cotton statistics for March presented
favorable picture. Domestic con-
sumption showed a large increase over
February Although still somewhat I'M
der the level Of March, 1890, the spindle
activity gained At the same time.
stocks at the end Of the month showed
a marked decrease from February 20.
Production Of standard cotton cloth in
creased "a per cent over FEBRUARY,
shipments and sales were both well in
excess OF production, and stocks at the
end of March were 14.3 per cent below
the month before recording a new low.
Crude rubber consumption for March
increased 1919 per cent over February
Electricity output Of public utility
plants in week ended April Il, cons:d-
cred a significant figure. was 81 per
cent under the same 1880 week. The
production Of the week before was 1915
per cent under 1880.
The Industries.
Abbott Laboratories March quarter
common share earnings. based on APP
proXimate net Sl.34.
Abitibi Power 81 Paper-Price Of
newsprint cut SIS a ton, So retroactive
from January /, and the rest effective
May !. by this company. st. Lawrence
Corporation. Canada Power e. Paper
and Price Brothers e. Co
Copper Range Co 1880 net before
depreciation and depletion sl04.84l
against S839,742.
Industrial Rayon March quarter COM
mon share earnings cents, against
Sl8O
Insurance Shares Corporation della
ware) proposes changing 100000 shares
class A common, no par, TO 100000
common shares, 81 par. and 500, 00C
shares class B common, no par, TO $780,
900 shares class b, no par; stated cap
ital represented by class A common
would be reduced from SIS a share tc
SO cents; two shares of each class x
be exchanged for one new share each
class
International Petroleum Co, Ltd
unaffected by new Colombian oil laws
titles Of property held by subsidiary
being of long standing and no doubt Il
held as to validity.
M LohlaW GrOcetRriaS. Ltd. - Flsca