Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-25
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, November 25.-The fol-
lowing is summary Of important cor
poration news prepared by the Stand
ard Statistics Co., Inc, New York, for
the Associated Press.
News Trend.
Daily average crude-oil production for
the week ended November 81 was 2,453,-
400 barrels. q decline Of 1850 barrels
from the 2,464,05O barrels reported for
the previous week, according to the
American Petroleum Institute. The
most important change during the week
was the 40,0o0-barrel decrease in East
Texas output, which was partly offset
by a IA, 8OO-barrel increase in Oklahoma
production. Gasoline stocks at refinerieS
gained $40 900 barrels to a total of 49,
Sill 900 barrels.
Revenue freight car loadings again
declined slightly more than the usual
seasonal decrease. Actual loadings for
the week ended November ID, accord
ing to the American Railway Institute,
totaled SOC, 1866 cars, which compares
with 717,629 cars In the preceding week
and 829 ,023 cars in the corresponding
week of last year. Live stock was the
only commodity to register an increase.
The Companies.
Allied Chemical g. Dye declared SITS
quarterly preferred dividend; took no
action on stock dividend on common
shares.
American Water Works g. Electric
October electric output Of subsidiaries
on 1917 per cent; 10 months on S.s
per cent.
Baldwin Locomotive Works passed
semi-annual preferred dividend; paid
$3.50 July /.
Chicago Great Western Railroad pre-
ferred share earnings 10 months to
october 81, 81 IS. VS.. $2.44.
Commonwealth & Southern october
gross off 81 per cent; net after taxes,
of per cent.
Erie Railroad october net operating
income of system off 26.4 per cent;
10 months off 26.5 per cent.
Great Northern Railway salaries OF
employees receiving over $500 month
reduced 10 to 20 per cent.
Merchants g. Manufacturers Securi-
ties sells auto financing division to
Commercial Investment Trust.
New York, Ontario & Western Oc-
tober net operating income, $116,895,
VS.. $27,55l; 10 months. $l,583'4OS' VS..
1912, 800.
Union Pacific Railroad october net
operating income of system of 1874
per cent; 10 months off 37.5 per cent.
earnings, 10 months to October 81,
S461 VS.. $717.
Anaconda Wire & Cable-Copper
wire prices reduced to basis OF GA
cents a pound.
Consolidated Gas of New York sub
sidiary reaches agreement for reduc-
ton of electric rates in Westminster
and part of Bronx to save consumers
over 100000 annually.
General Gable cuts price Of bare cop
per wire in carload lots to el2 cents
pound.
Texas & Pacific Railway-Texarkana-
ia cents a mile.
Tidewater Oil-Salaried employees at
Bayonne refinery to receive pay cuts OF
5 per cent to 20 per cent.
Warner Co. passed quarterly common
dividend; paid rs cents october IS.
Reading Co., october net operating
income up 208 per cent, 10 months, on
369 per cent; reported negotiations Tor
sale of barge service to P. F. Martn 20.
Lane Bryant directors meeting post
poned to December 10; were to act on
common dividend.
Maine Central Railroad common
share earnings, 10 months to October
81. IS cents VS.. $7.16.
Willow Cafeterias' common share
earnings, year ended September 80, $l.44
VS.. $1.46.
Armstrong Cork, passed quarterly
common dividend; paid rs cents Octo-
Der l; expects final half loss to Offset
first half net profit of $679,047.
Commonwealth & Southern common
share earnings, IL months to October
81. 43 cents vs. SO cents
New York, New Haven & Hartford
Railroad common share earnings. 10
months to october 81, 1874, VS.. $5.87.
United Railways g. Electric Of Balti-
more deficit, 10 months to October 81,
$568,132, VS.. net income $354,773, equal
to 81 cents a common share.
Eastern Utilities Associates October
gross of 1.3 per cent, net operating
revenue of 40 per cent; II months
gross up 0.4 per cent, net operating rev.
enue up 8.5 per cent.
Boston & Maine Railroad combined
first preferred share earnings. 10 months
to October 81, $4.81, VS.. 5000.
Houdaille Hershey class B share earn
ings months to September 80, %
cents.