Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-08
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW 4Of6h, March line IOlkOW-
ing Is today's summary of important
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Chain store sales for February re-
ceived In the course of the day failed
to continue the favorable trend for the
month indicated by those received the
day before, but maintained improvement
for January and February combined.
The first 10 systems reporting showed
oil per cent decline for February,
although IL of these 10 showed I'M
provement For the first two months
these 10 showed an increase of 4.3 per
cent over the like 1880 period.
Cotton cloth production, increased
during the week ended February %, as
evidenced by an increase in the adj
justed index to 86. against 83.5 for the
preceding week. Reports from this in
selling activity and probably reduction
in stocks, and volume of untitled
orders above stocks at the end Of the
month, all encouraging for q much
harasSed industry.
Corporation news is dominated by
unfavorable reports released by certain
important companies, particularly the
net loss of $l8,063, $40 after heavy In
ventory write-down reported by United
States Rubber, and the international
silver deficit of $85T,783.
The Industries.
Oil-gasoline price cut to 1919 cents
retail In Los Angeles district by Stand
ard Oil of California met by Union OIL,
Texas Co., and General Petroleum.
Public utilities (Kansas) Rather
HnI,
holding companies with properties in
Kansas would be required to submit to
investigation and regulation by Kansas
Public Service I Commission, awaits
signature of Governor.
Steel-February steel ingot output
averaged 105,305 tons daily for % work
. ing days against 81 ,071, tons average for
q days in January and 169,930 tons for
"a days Of February, 1880, according to
calculations Of American Iron g. Steel
Institute.
The Companies.
American chain 1880 common share
earnings $685. against S1012
American g. Continental Corporation
hquidating value December 81 $2384
combined class A and common share
against S28.1S December 81, 1929.
American Sumatra Tobacco Febru-
airy sales reported about $493, 900, OF
165 per cent from January; orders for
March delivery on hand February 81
totaled 100000; cut bank loans $685.
600 since December /.
Baldwin Locomotive Works February
bookings totaled $3,0I5,000 against 81
against S4,282 900; untitled orders Feb
ruary % totaled $6,416.000, up $138, 900
from January l.
Burt IF NJ Co. Ltd, 1880 common
share earnings s3.19 against $466.
Canadian General Electric 81 quar-
terly common dividend, paid rs cents
previously.
Carib Syndicate. Ltd, offers common
ten held, at 81.
Chesapeake Corporation substantial
financing thought likely upon improve.
ment in market conditionss loans and
accounts payable on December 81 to-
tailed $50, 72T,e09.
Durant Motors offers shareholders
rights to treasury stock, one for two
II Dorado OIL Works, 1880 common
share earnings, $l.06 against $3.43.
E1tchburg Gas e. Electric Light, 1880
$500.
General Electric Co. of Germany, s1.4s
dividend on A. d. r.
General Motors-D Domestic Chevrolet
sales in February 5o,732 units against
47,495 January, and 46,T33 December.
First full month for 1891 line.
Imperial Chemical Industries, Ltd,
1880 net income, E4,473,392 against
E5,78o, 208.
Indiana service Corporation. 1880
combined preferred share earnings
SAT- against $1647
Kaybee Stores, February sales up 9.6
fupn he A nj
Kirby Petroleum. 1880 common share
earnings ~ cents.
Mavis Bottling Co. Of America stock
holders TO act on creation Of 500,0
new class A shares.
Milwaukee Electric Railway g. Light,
1880 preferred share earnings, $14.48
against $17.12.
Morrison Electrical Supply, February
sales of 2l.e per cent, two months OF
IT'S per cent.
New Haven Clock, 1880 deficit. $780,
oil against net income, 1927 .957, equal
TO S4.08 common share in 1929
Northern Indiana Public Service, 1880
combined preferred share earnings,
$iT.84 against $2l.l2.
Northwest Incorporation, 1880 COM
mon share earnings, $500.
Pennsylvania Gas & Electric, 1880
preferred share earnings, $i5.o3 against
1888.
Philadelphia Electric, $4,000 snafes
of IS preferred TO be offered to Gus
TONERS and works at 500 share.
Sisto financial net asset value Deem
Der 81 1887 common share, against
1851 December 81, 1929.
Springfield Gas Light 1880 common
share earnings $40. against $2.76.
Standard Oil Of California cut tank
wagon gasoline prices additional cents
in Seattle, Tacoma and Los Angeles
districts, making cents total cut in IL
days.
standard Oil of New York-Magnolis
Petroleum, subsidiary midconn-
nent crude prices, meeting cuts by
Standolind crude oil purchasing.
Stldebaker Corporation plans output
Of $500 cars this month, against Feb
ruary outturn 1000.
Tllisnan Realty 81 Construction 1896
common share earnings @2.25, against
SSH.
United States Rubber 1880 deficit
after S1i ,083,T 99 adjustment Of inven.
tory and special reserves and adjust.
rneflt of book value Of properties, $i6,.
O63,94i. against net income $4,000 II
1929. a
Uni I'D Verde Extension Mining Feb
Yuaryl output up II per cent over Janu'