Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-08
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

following is today's summary of i'm
portant corporation news prepared by
Standard Statistics Co.. Inc, New York,
for the Associated Press.
News Trend.
Decreases in new Ford and General
Motors car registrations for 1880 pro-
vide another yardstick for measuring
their relative sales declines in that
year. Ford registrations fell 1914 per
cent from the level of 1929 while those
of General Motors showed a decrease
of 28.7 per cent, compared with 1913
per cent for all makes. Probably aided
by the introduction of a new Chevrolet
model, the December showing for Cen
eral Motors receded but 81 per cent
from the same month of 1929 while the
drop in new Ford registrations for that
month reached 42.8 per cent.
Bank clearings at leading cities in
the United States, as reported by Dun's
Review, for the first week in February
totaled S8,153 SAC 900 or 25.4 per cent
under the amount reported for the same
p:riod of 1929. Number of commercial
failures in the past week increased Is
over the previous week to 676, against
6l9 IN the corresponding period a year
ago.
The Industries.
Automobiles. - January production
cars and trucks in United States and
Canada totaled 1886 units VS.. 161 1928
In December and 2s3,606 in January,
1880.
cent to $50 cents per pound by
Copper Exporters, Inc, C. l. I. European
base ports.
The Companies.
Almar Stores receivers seek court
sanction for sale of equipment and mer-
chandise to American Stores for about
$350,00o
American Gas g. Electric 1890 COM
mon share earnings, $5.34 VS.. SSH,
based on actual number of shares out
standing.
earnings, S3.76 VS.. $425.
American Sugar Refining.
IN 1880 reported to have exceeded S.
common dividend; TT cents in 1929.
Associated Gas & Electric output In
week ended January 81 up % per cent;
gas on ga per cent.
Atlantic Refining has $40 service sta
tions; will open 20 more in 1881.
Borden Co. to establish frozen citrus
Juice plant in Tampa.
Bucyrus Erie acquires controlling in
terest in Monaghan Manufacturing.
Bunker Hill and Sullivan Mining &
Concentrating 1880 profit before depre-
citation and depletion, $2,4e7,764, against
Butte Copper g. Zinc 1880 deficit be-
fore depletion, 1919, against net in
come $203,053, equal to "a cents COM
mon share.
Calumet g. Hecla Consolidated Cop
per 1880 common share earnings, So
cents, against 1857 before depletion.
Chesapeake g. Ohio Railway January
gross reported about 10 per cent from
1880 month"; December drop was 1874
per cent.
Chicago Rapid Trsnsit passengers
carried in 1880 Oh per cent under 1929.
Dome Mines, Ltd, ore milled in jan
uary, 44.837 tons; grade better than
S6.70 per ton.
Federal Bake Shops January sales of
per cent.
Ford Motor January sales reported
about $4,000 units February output set
at $4,000; field stocks lowest on record;
1880 passenger car registrations in
United States off 1914 per cent; De-
cember of 42.8 per cent; raises dis
counts to dealers to fiat % per cent
from l7ia per cent to 81 per cent scale.
Formica Insulation 1880 common
share earnings $1.63, against $751;.
General Motors 1880 passenger car
registrations off 287 per cent; Deem
Der off only 81 per cent, due largely to
introduction OF new Chevrolet.
Goldman Sachs trading subsidiary,
Pacific American, seeks to reduce stated
capital by S7,448, TOO.
Hawaiian Pineapple 1880 pack 4,577,-
o91 cases, Al per cent increase.
marlborough Rapid Transit-New
York Board of Estimate approves trans
it uniflcation oil.
Intercontinental Rubber subsidiary
starts commercial rubber production
ksank aI
Irving Air Chute-Appesls court rules
Russell Parachute infringed patents held
by this company.
Byron Jackson 1872 cents quarterly
common dividend; previous payment %
cents.
Kress Is. HI January sales up Al
per cent.
Lerner Stores January sales up .l7e
Melville Shoe January sales up 1872
per cent.
Murphy &C. c. January sales up 80
per cent.
National Electric Power January cleo
trio output of subsidiaries and National
Public Service up Is per cent.
National Tea January sales of IA
per cent.
Newberry q. j. January sales up Ill
per cent.
New orleans, Texas g. Mexico Rail-
way-I. G. G. examiner favors acquisi-
ton Of Rio Grande g. Eagle Pass Rail
way.
fer1ed dividends S437,429, against ne
income $1,947,151, equal to $7.37 COM
mon share in 1929.
New York Auction 1880 deficit $780,
371, against net income $l38,249, equa
to 81 IA common share in 1929.
Parsmount-Publix 1880 gross business
of Columbia Broadcssting System re-
ported $6,370,000.
Parke, Austin g. Lipscomb 1890 com
mon share earn ngs 81 03, against $2.49
Peoples Drug Stores January sales vi
104 per cent
Quebec Power 1880 ele trio output of
6.e per cent; number Of customers. in
creased 4.8 per cent.
Republic Steel 1880 deficit, 1882,
Oo3.
Reynolds Metals 1880 common shar
earnings S2.25, against $2.94 excluding
si.69 per share homecoming incom
IN 1929; January sales over year ego
nichheld OH Of California Eastern