Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-05

:. REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, April 4.-The following
Is today's summary of important cor
poraticn news. prepared BY Standard
Statistics Co, Inc, New York, for the
Associated Press.
News Trend.
The reports Of retail sales iuf March
by chain stores and other outlets which
have appeared thus far are TOO few to
form any basis for an estimate Of the
March trend. Those at present avail
able are varied, Jewel Tea and Mont
gomefy Ward show declines Of between
10 per cent and Is per cent both for
March and for the first quarter. H. c.
Bolack shows Improvement for both pc
RODS. and National Bellas Hess a gen.
erous increase for March, but decline
for the three months.
The price Of melting strapped used by
steel producers, considered one of the
significant indicators of the trend of
steel operations, is reported to have
fallen to the lowest levels for several
years at youngstown, development I'M
favorable in nature. Heavy melting
scrap is quoted IS per cent below last
week.
Following recent drastic cuts in alco-
hol prices, accompanied by rumors of
q So-called price war, it is of interest
70 note a late report OF price recovery,
which may imply successful arbitration
Of differences between producers.
The Industries.
4 Or.-Texas Statewide allowable pro-
duction for 90 days beginning April
Increased TO $780, 900 barrels from 644,-
2Se.
A.cohol.-Price in tank cars is cur
rently reported at "a GEMS gallon,
against recent low Of 19 cents; in drums,
q cents gallon, against recent low
Of az cents.
The Companies.
Eisler Electric 1880 common share
earnings, mills against $5.23.
General Motors pamphlet reporD
1880 common share earnings, excluding
equity in undistributed profits Of COM
paTlieS not consolidated, 1891 against
S544, same basis in 1929; subsidiary,
National Plate Glass, reported negotiat-
ing for 7a6aiiation with Liberty Owens
Ford Glass.
Auburn Automobile adopts free
wheeling on model 20; offered as OPP
tiona1 equipment at additional list
price Of $35.
Broo1.lyn-Man Discrimination
bill. under which city would acquire and
consolidate lines Of company and In
terbcroagh Rapid Transit, advanced to
third reading in Senate.
Fourth National Investors liquidating
value March 81, 1881, $4078 common
share against S37.36 December 81, 1880.
Pacific Mills, yarcage sales currently
reported 30 per cent over year ago; dol
lar level approximately the same: cash
On April reported to be under ST.
S92907, held December 81
WllyS-OVerland concludes plan to re-
retail IL,
through dealers.
Auburn Automobile March car ship
ments. 5,649 against 2,49e; quarter
ended March 81, 1,7ls cars shipped.
Boots Pure Drug Co., Ltd, ri cents
dividend on A. D. R. for ordinary reg
aStered stock.
Chicago, Burlington & Quincy en-
gaglng $500 additional men in main
tenance department; TO start door-to-
door freight service soon.
Jewel Tea sales. four weeks to March
u, on Is per cent; IL weeks, of lis
per cent.
Montgomery Ward March sales, of
las per cent; thTes months, of 1873
per cent.
Schultz Retail Stores report advance
Of per cent in price Of cigars, pipe and
chewing tonaccos; change in price of
popular brand cigarettes contemplated
United Cigar Stores reported advance
Of per cent in price Of cigars, pipe
ar 5 chewing tobacccs.
Wri5ley (Wn) DR., Canadian sub
sialary 70 continue wheat purchases
WITH funds derived from sale Of gum
products IN Manitoba, Alberta and Sas-
katchswan
Bohack III. c. Co. sales, four weeks
TO March 20, up 1877 per cent eight
weeks, up 1876 per cent
Edison Bros. Stores March sales up
4S,6 per cent: three months, up 41.2
per cent.
Goodyear Tire 81 Rubber reduces
wages ranging from 5 TO 20 per cent;
Affects 10000
Hall (W. FL Printing stockholders 10
vote on issuance and sale Of 10000
shares Of new per cent 500 par pre-
3eZTed stock
Kresge Is. 81 Co. March sales Of
l-9 per cent; three months, up OF per
cent.