Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, February 14.-The fol-
lowing is today's summary of important
corporation news prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
OF far-reaching Importance to the
radio industry as a whole. and particu-
larry the manufacturers of radio tubes
is the upholding by the United States
District Court of appeals at Philad5l-
phia the decision that patent pooling
agreements among four great electrical
radio and telephone manufacturers have
bs;n exercised in violation of the
Clayton antitrust law. This action
pending the outcome of an appeal by
Radio Corporation of America to the
United States Supreme Court, promises
to open the markets for many manu-
facturers who claim that Radio Cor
poration Licensees have been obliged to
use in their receiving sets only the tubes
that have been manufactured by Radio
! Corporation companies.
Noticeable expansion in textile activity
| is noted in the Census Bureau report of
lint cotton consumed by United States
mills in January. An increase of 1881
running bales to 454,188 was shown
the total, how-ver, was 121,972 behind
consumption in January, 1880.
The Industries.
| Cotton-Running bales of lint cotton
consumed by United States mills in
January totaled 454,18S, against 406,207
on December and 576,160 in January,
1880. according to Census Bureau.
Oil-District Court in Texas upholds
| Ia ~~f k,ka
| proration orders. Oklahoma Governor
rejects committee report on oil con-
servation program; to substitute own
plan for control of industry within
| State.
Paper and Paper Products-Total
United States, and Canadian news print
production in January was 289, 1855 tons
| against 284 ,031 in December and 331, 156
tons in January; represents 81. per cent
Of rated capacity against 621z per cent
for December and 76.l per cent in jan
uary, 1880.
Steel-heavy melting steel scrap at
Chicago quoted 1915 to $10.25 ton; OF
| Is cents.
The Companies.
Aviation Corporation (Delaware) -
Stockholders of Fairchild Aviation sub
sidiary. TO vote en- sale of SIS per cent
of total assets to Aviation Corporation;
| and paid in capital $6.136, 400 to $2,73l,-
| 700. To start new air express service
| linking 16 Eastern cities, through asso-
citation with New York, Philadelphia &
Washington Always, Pittsburgh Air
ways and Western Union Telegraph
Baldwin Locomotive Works-Common
| dividends reported covered in 1890;
consolidated sales up 19 per cent
Borden Co. reported to have entered
negotiations for control Of Norwalk
Dairy Co.
Brooklyn Edison stockholders offered
| subscription rights to buy 100000 COM
mon shares at 500; ratio, one new share
/ for each nine held.
I Canadian Gamers, Ltd. declares 20
cents quarterly dividend on convertible
previously paid IS cents each.
Case 81. I)-Board to consider divi-
dend action at February 10 meeting.
Chicago Railway Equipment 1896
common share earnings $1.93 against
$685..
Chrysler Corporation obtained 14.s
per cent of total export business In
1880 against IL per cent in 1929.
Cleveland Electric Illuminating 1896
common share earnings $2.79 against
1924.
Eureka Vacuum Cleaner 1880 defici;
! $584,085 against net income 81 1859 207
| equal to S4.e0 common share in 1929.
Fiat-Reduction of dividend to Ia
lire proposed; paid Is lire year ago.
First National Stores December 81
quarter share earnings $12l against
$l.32; nine months, 1914 against $4.25;
retail sales, four weeks ended January
| "a, of 81 per cent.
Fisk Rubber-Chicopee Falls plant to
operate on four-day week basis effective
February 16 against five formerly.
Goodyear Tire 81 Rubber steps up
weekly output Of 10000 tire castings to
100000.
Ground Gripper Shoe deficit, year
ended October 81, S6l9,905.
Decla Mining declares 10 cents COM
mon quarterly dividend; paid Is cents
December IS, 1880.
Hupp Motor Car 1880 deficit 1922, 765
against net income $3,463, 1856, equal to
$2.35 common share in 1929.
international Business Machines 1890
earnings estimated at $11.50 common
share against $11.03 in 1929 on 5 per
cent less shares.
International Telephone & Telegraph
plans substantial construction expendi-
| lures in Santiago.
Kroker Grocery & Baking sales, four
weeks ended January 81, $19,193,570.
Lily Tulip Cup 1890 common share
earnings $3.17 against 1892.
Lorillard (P) 81 Co. 1880 common
share earnings SLAB against % cents {;
change in terms of bonus by law pro-
posed whereby amount distributed
would be per cent of net profits ap-
| plicable to common dividends instead
| OF is per cent profits remaining after
deducting per cent on average amount
represented by common stock and sur
plus; 1880 Old Gold sales expanded
| substantially.
Mangel Stores Corporation defers
| preferred dividend; paid $l.62l2 De-
cember /, 1880
National Fireproofing 1880 common
share earnings $4.22 against $9.l4;
earnings of predecessor company in
1929.
New York Central 1880 pension pay
| ment $3.1S4 ,538.
| New York, Chicago & st. Louis Rail-
road planning to buy 10 locomotives.
] New York Telephone 1881 construc-
ton budget estimated over $85, 900, 900
against average Of $82 100000 over past
five years.
Norfolk & Western Railway-Inter-
state Commerce Commission orders
payment TO Government of $15,S49, 344
alleged excess earnings period 1925.
North American Oil consolidated 1890
common share earnings s257 against
$2.66.
Ohio Edison to spend over $7,000,-
900 on expansion in 1881; Youngstown
division to spend $3,290,9l0 on improve
ments in 1881.
Process Corporation 1880 common
share earnings 81 cents against $I.52.
Pullman, Inc.-December deficit of
Pullman Co., subsidiary, $19.563 against
/ income S459564; IL months income
$4,936,860 against $9,165,199.
Radio Corporation of America-Ap-
peals Court upholds decision declaring
/ nafent nOnlinR agreement in Violation