Evening star., 1931-12-06
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, December 5.-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.
AS a result Of the reopening Of the
East Texas and Oklahoma oil wells,
October crude oil production was II per
cent greater than in September. Ac-
cording to the Bureau of Mines, October
output totaled 73O79,O 900 barrels which
compares with SO $4,000 barrels in Sep
tenber and 1888, 900 barrels in Octo-
Der, 1880. Stocks Of crude oil at the
end Of October were 462 900, 600 barrels,
against 465 $4,000 in September and
5l8,736,0 900 in october, 1880.
The Industries.
Oil-Major companies advance price
Of bulk gasoline 4 cent to l cent a
gallon.
The Companies.
Chicago & Northwestern Ry.-Efec-
tive during 1882, pension payments by
company to be reduced about Is per
cent
Cumberland County Power 81 Light
gross operating revenue, IL months TO
September 30, up OF per cent, net be-
fore retirement up 6.5 per cent.
Douglas Aircraft estimated sales, year
ended November 30, of 65 per cent
untitled orders November 80 about
S2,190,oo
Powdrell e. Alexander net sales first
II months up 90 per cent; orders re-
ceived in November totaled S491 $50, up
81 per cent over year previous
Railroad Sales.--future dividends to
be paid semi-annually instead of quar-
terly; next disbursement due in March
Servel, Inc, subsidiaries get Army
orders totaling $685. 900.
Alli5-ChalmerS Mfg. untitled orders
ss Of November 80 tctaled 1929 600 VS..
SH,l0l coo October 81 and Sl4,223,O 900
o~ember 30. 1880.
American Cites Power & Light net
ss-c.s November 90, e7ual to So2.07 per
class A and S3G3 per class B share;
February dividend action to be taken
later this month.
Dome Mines November production
valued at $25l ,685, against $286,340 in
September.
General Motors-New 1882 Chevrolet
line introduced; price range same as
1881 line.
Gidden Co. 1881 profits indicated
larger
Grant (W. T.) Co. November sales off
2.8 per cent; II months up 6.6 per cent.
McCrory Stores November sales of
81 per cent, IL months off OIL per cent;
had 244 units November 80, against 24Q
year previous.
Mcclellan Stores November sales off
149 per cent; II months off 9.5 per
cent.
Melville shoe-l93l common share
earnings expected TO exceed So: first
s,FF, al . q
inventories about 20 per cent below
year ago.
National Steel Car, Ltd, to realize
only half Of any war claim award; re-
nnainder to 60 to shareholders Of prede-
ceSsor company.
Noranda Mines, Ltd, declared so
cents common dividend; last payment,
90 cents, made October !, 1880
Standard Oil Indiana Atlas pas
senger and truck tire prices cut to
IS per cent; tube price change ranges
from Az per cent increase to Is per
cent cut.
Waldorf System November sales up
81 per cent; II months of "a per cent.
Western Union Telegraph Reported
president has stated that If 1882 reve-
nues continued ct level Of current year,
he expects continuance Of a reasona Bile
dividend by company; may borrow 81
COO 600 first Of next year to carry over
carly months which are normally slow
periods; Teletype service being we'll
received.
Woolworth IF W. Co. November
sales off 86 per cent, IL months off !. &
per cent; November this year contained
only four Saturdays, VS. five year ago.
John -Mansvi!le Corporation announces
wage cut Of 10 per cent to Is per cent
effective January !
Grand Union subsidiary, Grand Unior
Tea, not acquired by American Tea.
Great Northern Paper reported plan.
ming TO make further cut OF 90 ton ir
price for newsprint.
Warner-Quinlan Co. advances price
of gasoline u cent gallon.
warner Bros. Pictures rescinds salary
cuts proposed for studio technical men
ranged frcm 25 to 40 per cent.
American Tobacco makes purchcst
offer 70 minority stockholders of Amer,
tcan Cigar Of 500 for each preferre.
share and $50 for each common share
Anaconda Copper Mining subsidiary
american Brass, reduces prices Of bras
products 4 cent pound and OF cope
products "a cent a pound.
Montgomery Ward November sales Of
ITS per cent; IL months of 1879 pc
rent.
Second National Investors declare
Bi10 back dividend on IS conVert.bl
preferred stock.
Third National Investors declared S
cents common dividend; paid SIS cent
July !.
youngstown Sheet e. Tube increase
operations at pipe and sheet mills I
highest level in three month";; Camp
bell plant operating at 35 per cent G
capacity.
Jefferson Electric meeting for actio
On quarterly dividend postponed in
lAN.{4aiv