Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-04
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS

LEADING ORGANIZATIONS
NEW YORK, January 3.-The fol-
lowing is today's summary Of important
corporation news, prepared by Stand
ard Statistics Co., Inc, New York, for
the Associated Press:
News Trend.
Dividend actions by important COM
parlies in past day included declaration
of an extra payment by Bon Ami and
omission Of disbursements by National
Erie and Lamson & Sessions. Sale Of
WheatSworth, Inc, to National Biscuit
has been approved by Wheatsworth
stockholders. The days batch Of cam
ings statements, except for that issued
by Illinois Power & Light, are unfavor-
able. Bank clearings this week repre-
scented 27.3 per cent decline from the
like period In 1880 which ended jan
uary and included a part Of the large
January settlements. For the month Of
December clearings on an average daily
basis were 23.2 per cent under the 1929
period, whereas In November loss was
425 per cent and in October 41.6 per
cent. The December comparison is
made with a period Of restricted eX-
changes following the market break in
1929 Commercial failures in past week
were 4,221, compared with sol in same
period year ago.
The Industries.
Fertilizers-Reduced farm income in
important fertilizer consuming areas, as
well as credit difficulties and uncertain
ties, indicates that plant food sales
during the approaching selling season
may drop 20 per cent below those Of
year ago. Greater cooperation is now
being witnessed between leading or
carnations In industry than ever be-
fore, however, and present operations
are being curtailed in an attempt TO
limit outturn to requirements. Should
production continue to be closely con-
trolled during the remainder of the sea-
son, any possible price revisionS will not
likely reach the serious proportions OF
earlier years. It Is believed, nevertheless,
the current fiscal year will be substan-
tally smaller than that Of the 1929-30
year.
OiI-Bulk gasoline prices advanced
to z cents gallon by Standard of New
Jersey, Texas Corporation, Warner
0uinlan and others. Oklahoma Cor
poration Commission orders further
cut in daily output for first quarter;
January allotment, 465 900 barrels daily.
Railroad Eastern trunk
line consolidation plan outlined
to I. G. G. includes ALLEGATION
Ann Arbor to Baltimore s. Ohio and as
signment Of BesSemer & Lake Erie and
Chicago-Eastern Illinois to Chesapeake
& Ohio. Delaware g. Hudson and
Pittsburgh g. West Virginia to be con-
trolled jointly by the four systems.
Wabash to 60 to Pennsylvania.
Sugar-ExcesSive stocks Of surplus
sugar and the prospect Of still larger
production from 1930-31 crops have
resulted IN the lowest prices in the his
tory Of the sugar industry. Sugar pro-
ducers recovering. some measure Of
their former earning power is largely
dependent upon the outcome Of recent
endeavors to cure fundamental ills Of
the industry. A strong agreement
probably would result in establishing a
moderately higher price structure,
although very large surplus stocks
which must be sold in the next few
years would tend 70 limit the advance
Of prices.
The Companies.
Adams-Milli Corporation 1880 sales
np los per cent.
American Agricultural Chemical cap
ital readjustment plan ratified by stock
holders; about 30 per cent. STOCK de-
posted; time for deposit extended to
February /.
Bethlehem 6teel-Routine motion for
new trial Of merger suit formally fled;
does not constitute appeal from previ-
Bon Ami declared so cents extra and
so cents regular class 3 DIVIDENDS;
500 700 set aside out OF surplus 1or
class A 1891 dividends.
Br. siSh-American Tobacco snare
earnings year ended September 30,
Sl.24, against $1.27.
Childs Co. cuts pay Of officials and
employees 10 per cent.
Consolidated Gas Of New York
Twenty-Five thousand, one hundred and
thirteen new meters Installed by new
York Edison in 1880.
Durant Motors of Canada, Ltd
Syndicate Of Canadian and American
hnanciers buys control.
General Electric receives order foI
four generators for new development Of
Safe Harbor wateIpower.
Grief Bros. Cooperage class a snare
earnings year ended October 81, Sl.53
Illinois Power g. Light preferred
share earnings ~ months to November
80, S16.0s. against Sl5.36.
international Shoe 1880 production
totaled 44lBe, 522 pairs, against 81, $780,
6s5 In 1929, OF 1913 per cent.
Lamson g. Sessions omitS 30 cent:
quarterly common dividend.
National BellaS Hess December sale
OF 31.6 per cent; IL months, of 3l.I
per cent.
National Observation-Disclosures o
WheatswoEth, Inc, approved by ma
aogity stockholders Of that company.
National-Erie onits class A commoI
dividend: paid so cents October /.
National Railways Of Mexico-Spe
cial Debt Committee announces rec
concentrations for reorganization ant
Capitalization Of operation.
Neisnel Bros December sales up ~
per cent: IL months, up 9.3 per cent
New York, New Haven e. Hartford
Railroad economies involving over S.,
600 900 per annum In effect.
Norfolk & Western Railway, $50
sh Jpmen re-employed after two-montl
lay-on.
Pepperell Manufacturing acquire
shoe fabrics and speciality divisions o
National Fabrics a Finishing.
Prairie OIL a. Gas reported negotiat
ang fow consolidation with Prairie Pip