Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-25
CORPORATION
REPORTS
TRENDS AND, PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, January "a (P.-The
following is today's summary of i'm
portant corporation news prepared by
Standard Statistics Co., Inc, New York,
for the Associated Press:
News Trend.
The mercantile agencies. report con-
tinued improvem mt in retail trade this
week, aided by sales offerings and the
lower temperatures. wholesalers and
jolJoSTs have recsived some orders for
Spring merchandise with articles OF
general consumption in good demand.
Bank clearings for the week were again
below a year ago, but 1t is pointed out
that the drastic shrinkage in security
and commodity prices is, no doubt, re-
spOnsible for good portion of the de-
cliTe. Total clearings in % leading
cities were 20.3 per cent under year
aga New York City's exchanges were
Off 1874 per cent and outside points
23g per cent. Commercial failures
were substantially under last week, but
still considerably larger than year
ago. Total was 712 and compared with
796 in week preceding and 644 in ike
1929 period.
Corporate news of the day is mostly
of an unfavorable nature and includes
adverse dividend announcements by New
Process and Russell Manufacturing
COMPANIES reporting higher earnings
for 1880 are Household Finance and
Teleautograph Corp.
tomobile--Novembe automobile fl
nancing. totaled $50, 1856, 006 on 152,802
cars, against sol sos, 844 on 20l ,458 cars
in october and 95,000,640 on 2l0,8S4
cars in 20 November 1929, according tn
Commerce Department reports received
from 492 financing companies. For ii
months, 81, 1853, 898, 139 on 2.827,78 cars.
against 81 $40, $40 ,201 on 3,387,939 cars
in like 1929 period.
Copper-1930 world copper production
totaled 1,769, 635 short tons, against D.
104,110 tons in 1929, a decline Of 16
PSF cent.
acknowledgements net operating
income Of first eight roads reporting
earnings showed a decline in aggregate
of AS per cent from year ago and 81
per cent conirasted with 1923 month.
Gross revenue same roads was 1874 per
cent under a year previous and 20.4 per
cent under 1928.
The Companies.
Alliance Realty 1880 common share
earnings, $4.32, against $500.
Alton Ar. asks authority to issue
$25,000,0 G0 common stock and to as
sumo obligations of Chicago g. Alton
aggregating about SAG 000,0
,Corno Mills 1880 common share earn
ings, $3.O7. against $3.50.
Fsirey Aviation, Ltd, 16 cents div1-
deY1d on declared American shares.
General Empire Corporation liquidat-
ing value December 81, $25,07 common
share, against $28.88 December 81, 1929
Hercules, Power 1890 common share
earnings, $2.6l, against $685..
Household, Finance 1890 common
share earnings, $5.67, against $5.04.
Hudson Motor Car currently main
tanning output at 500 cars daily.
italian Superpower liquidating value
December 81, $63.96 participating pre-
ferred share.
Jaeger Machine Co. common share
earnings. year ended November 80,
81 .66 against $3.41.
Kressl Is. HI & Co. 1880 common
share earnings, s4.46, against 1892.
Porto Rico Power November electric
outnut up 8.8 per cent; IL months, up
11.6 per cent
Teiautograph Corporation 1880 COM
mon STARE earnings, 81 81. against 81 As.
Texas Gulf Sulphur bill introduced in
Texas Legislature for $3.50 per ton tax
on sulphur
Union Mills liquidation to be voted on
by stockholders.
Ward Baking stockholder brings ac-
tion to GUST Kent, Evans and nine other
directors because of alleged mismanage-
ment
Atlantic Refining engineers testing for
oil in Cuba
New Process omits preferred dividend;
paid SITS November l.
Russell Manufacturing, no action on
common dividend; paid $3.50 Novem-
Der Is.