Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-18
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NE WORK, January 1.-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.
Trade during the past week was slim
ulated by the reduced sale" price and
the lower temperatures, the Mercantile
Reviews report. Small stocks of mer-
chandise have brought forward some
orders from dealers, which in turn have
increased activity in the basic industries.
1t was pointed out that the recent rela-
tive stability of wholesale commodity
quotations is a decidedly helpful factor.
Business failures for the week are re-
ported at 1856 against 927 In the pre-
ceding week and 638 in the 1880 week.
Bank clearingS continue to show an ex
ceedingly large decrease, compared with
1880 and 1929. Total clearings in %
leading cities in the week ended jan
uary is were 245 per cent below the
like 1880 week, which in turn were
about 10 per cent less than in the 1929
period.
The Industries.
the United States in 1880 for civil use
totaled ASIA, according to preliminary
report of Commerce Department. In
addition, ITO military craft were de-
livered TO Army and Navy, making to-
tai production 1924 OF aircraft manu-
featured for civil use, $50 were ex-
ported.
Coal-December shipments anthracite
total 4,889,057 gross tons, an increase
of 689010 tons over November, but
942, AIT tons under year ago, according
to Anthracite Bureau of Information.
Rayon-Full year 1880 earnings Of
the domestic rayon industry have been
relatively unsatisfactory. Evidence is
lacking, moreover, that operating re-
suits will undergo any substantial i'm
provment during the first six months
of 1881. Sales should register some
recovery with the advent of the Spring
buying season, but continued COMPETE
ton from silk will prevent a really
satisfactory volume of business. Recent
reductions in yarn prices will serve to
restrict profit margins. In all prob
ability, narrowing of the domestic field
will be fastened through the elimina-
ton of the weaker units, thereby, plac-
ing the industry on a sounder basis.
The introduction of run-resistant under
wear, manufactured by three of the
largest producers under patented proc
ess should aid materially in reducing
the ranks of producers.
Copper-Prices for March and April
export copper were advanced yester-
day to 10 points pound, to 1895
cents and 1910 cents a pound, respec-
lively. Domestic prices remain at 10
cents.
The Companies.
Associated Gas g. Electric Rochester
Central Power 6 per cent preferred and
5 per cent debenture holders offered
exchange $6 dividend series preferred
and per cent convertible debentures
respectively, share for share and par for
par.
Aviation Corporation Of the Americas
Chilean Flying Rights granted Pan
American Grace Always, affiliate.
Centrifugal Pipe declares years quar-
terly dividends of IS cents each.
Consolidated Gas of New York, 1890
electric output of New York Edison,
subsidiary, up 6.5 per cent.
Federal Light & Traction November
net before depreciation, off 0.6 per cent;
IL months up IA per cent.
Goodrich (B. F)-BritiSh Goodrich,
subsidiary, chairman reports 1880 net
f8S, 1923 against E92,969 in 1929.
Gurd CCharleS) Ltd.-l930 share earn
ings, $2.95 against $3.11.
Investment Co. of America-Liquidat-
ing v~lue December 81, $8213 a pre-
ferred share.
Maine Central Railroads.&c. COM
mon share earnings estimated at So
against 1929 in 1929.
Motor Bankers-Cash and Govern
ment securities, December 81, $1,347,-
500.
Oilstocks, Ltd-Liquidating value jan
uary IA, 1881, $40 a share against
$4.98. December 81, 1880, and $10.S1,
December 81, 1929.
Sun Oil-l930 shares earnings, $4.68
against $3.50.
Tri-Continental Wedg-
wood investing directors recommend
asset sale to this company be accepted.
United Light g. Railway (Delaware)-
Combined prior preferred share earn
ings, IL months to November 80, $54.29,
based on adjusted income statement.
United aperboard-Def1cit before de-
probation, six months to November 29,
$92, 485 against net income before de-
probation and Federal taxes, $253,1T2.
United States & International Sc
curities-Liquidating value, December
81, $92 08 per first preferred share.
Tn charge of a booth at a charity ba-