Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-15
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, March 1.-THE follow
ing is todays summary Of important
CORPORATION news prepared by Standard
Statistics Co., Inc, for the Associated
Press:
News Trend.
The February report of the national
consumption and storage Of lint cotton
issued by the Census Bureau, although
of a mixed character, appears to be
basically not unfavorable. Consumption
fell from the preceding month and from
February, 1880, as did total consump-
ton for the seven months Of the cur
rent season. Nevertheless, stocks on
hand at the end of February showed
notable drop below January, leaving
the statistical position improved.
Preli=1inary estimates of February au-
tomobils production show an increase
over January of about 81 per cent, the
largest since 1923, an encouraging de-
velopment both for this industry and
for steel, which is looking toward auto
motive consumers for the largest part
Of current demand. Chain store sales
in January and February of 81 systems
bear out the discouraging trend indi-
Gated in earlier reports, in that they
show decrease of 499 per cent for
this period. News print output in the
United States and Canada also shows a
decline for February both from the jan
uary total and the total Of Febru-
airy, 1880.
News sources indicate progress in ne
gotiations between large oil producers
for the purpose of limiting crude i'm
ports; also Of reaching some under
standing regarding proration. The
time usually elapsing between conclu-
sion Of negotiations and effective re-
suits thereof is so great, however, that
these Developments carry little immedi-
ate significance.
The Industries.
Cotton-February lint cotton con-
sumption totaled 433,5l0 running bales
in United States mills, against asa, 1913 in
January and 494, 1896 in February 1890;
2 months consumption amounted TO
2,899, 942 bales, against 3,808,741 like
period of 1929-30 season Stocks, ex-
GLIDING linters, en- hand February % in
consuming establishments and ware
houses totaled 1862, 209, against $685.
929 January 81, and $685., 283 February
20 1880. Spindles active in February
numbered 25,763, 408. against 25,611 ,458
1880.
Paper-February news print output in
North America totaled 277,73l tons,
against 316,539 Januay, and 324,294
February, 1880; two months output,
437,987, against 632,281
Retail trade-Chain store sales Of 81
systems, January and February Of 4.99
per cent.
utomobiles-February production in
United States and Canada, based on
preliminary estimates totaled 100000
cars and trucks, 20 per cent over Janu-
airy total Of 1899 units; highest Feb
Euary increase since 1928.
The Companies.
Air Investors net asset value Deem
Der 81, $15.78 preference share, based
listed securities, against $34.56 Deem
Der 81, 1929.
Allies g. Fisher. 1880, common share
earnings, $1.79, against $2.79.
American Tobacco r. r. Rogers,
stockholder opposing stock bonus plan,
TO receive proxies in opposition to
management.
Canada Power g. Paper early reor-
gsnization OF company thought not un-
likely.
Central Indiana Power, 1880, net be-
$4,000.
Container Cooperation Of America,
1880, class A share earnings, cent
AGAINST SI.21.
OeunASou ManuIacturlng, 1712 cents
class A dividend.
photographic Corporation 1880 COM
mon share earnings rs cents, against
1901.
Illinois Central Railroad-Reported
offer from Bancamerica-Blair group for
air rights over Chicago property said
to involve payment of $4,000, 900 to Illi-
nois Central for privilege to develop
rights, plus substantial amount after
improvements, and, in addition, so per
cent Of profit from rental operations.
Keith Albee-O rpheum 1880 net in
come, 81, $3.50, 725, equal to rs cents
common share, against deficit $2,362 in
1929.
Lambert Co. 1880 common share
earnings, 1882, against $10O2.
Midland United Co. 1880 common
share earnings, including profit on Sc
curities. based on average number OF
shares outstanding, so cents, against
$I.O2
public Service Co. Of Colorado 1890
, combined preferred share earnings
e30.T7, against S26.67.
Pure Oil cuts Midland crude OF
prices, ranging from IS cents TO "a
cekts a barrel.
snsamerica Corporation 1880 mel