Evening star., 1931-12-13
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS.

NEW YORK, December 12.-The
following is today's summary of irnpor-
tant corporation news prepared by
Standard Statistics Co., Inc, New York.
for the Associated Press.
News Trend.
Bank caearings In the week ended
December 10 continued to decline In
comparison with the corresponding
week of last year According to R. q.
Dun q Co. clearings FOR the week ut
" Leaning cities totaled $4,000, ,306 900,
a decrease Of 1876 per cent from the
IKE 1880 week. Clearings in New York
City were s3,365, ,852 900, q decline of
34.8 per cent.
The Industries.
Railroads-Carriers agree to plan of
Association Of Railway Executives pro-
Vloing for loan pool from freight rate
increases, proceeds to be advanced to
financially weak roads for payment of
interest charges. Union heads propose
railroads appoint committee to ne
gotiate wage question; reported would
nave power to lower wages and fix any
other terms of unemployment program.
The Companies.
Air-Way Electric appliance-small
final quarter profit reported possible.
Associated Gas & Electric November
electric output of system up SIS per
cent, II months up 6.3 per cent; No.
vember gas output off S.6 per cent; IL
months off 81 per cent.
Baldwin Locomotive Works November
h<n 4,,N
companies, $2,126,000, against 81. .lO4-
900; II months, s21.555 900, against
$32,997,o 900; November consolidated
shipments, $1,467,000, against $3,72O.-
200; II months, s20974 900, against
$54, ,178,000; urfllled orders, November
so, se,334,0o0, against So, s31 900 jan
uary /.
Bendix Aviation-Gets contract for
clutch control device for four promi-
nent makes of cars.
Canadian Cottons, Ltd, operations In
creased to rs per cent of capacity, up
per cent.
Chicago, Milwaukee, st. Paul and
Pacific Railroad October preliminary
net operating income off 616 per cent.
Deilsel-Wemmer- Gilbert Plant steps
up output to 10000 cigars daily from
10000.
Grand Union sales five weeks TO De-
cember 5 off Al per cent.
Pure Oil-Sales volume up 10 to 90
per cent; current gasoline prices permit
but small, unsatisfactory operating
profit.
Swift g. Co.-Net in past fiscal year
over s8,O00,O0o.
United States steel-Fifty additional
ovens fired by H. C. Frick Coke, sub
sidiary.
Wheeling steel-Benwood Plant re-
sumes operations after Seven-Week shut
down; 1,100 men re-engaged.
WHY'S s-Overland-Output stepped I'D
to 500 cars daily; six-day week piannes;
force to number about 1000
Allies g. Fisher-Current sales nm
ming slightly ahead of like period in
recent years
Canada Dry Ginger Ale introduces
ginger ale sirup in Canada.
Erie Railroad-Passed semi-annuaI
dividend on first preferred stock; paid
So June 80.
Equitable Office Building common
share earnings, seven months to Noyem-
Der 80. s1.44, against s15S.
Paterson-Sargent Co. common share
earnings, year ended October 30, s216
against s342.
R1chman Bros earnings covering div
ldend needs; current business well aheaI
of year ago.
Virginian Railway cuts salaries 10 pe-
cent.
Zonite Products - Years dfvider<
earned in first 10 months. sales fc.
period per cent below 1890 period
Associates Investment declared stoe-
dividend of per cent on 6-100 Of sha~
on common stock; similar declaratic
made March 81.
General Fireproofing December busi-
ness ahead of year ago: plant opers-
tions averaging As to SO per cent of
Gulf OIL passed quarterly class A
dividend: paid 37la cents October l.
Melville Shoe cuts prices of shoes in
stock on average of 17h per cent.
Ulen &c Co. takes no action on semi
annual preferred dividend; paid s3.75
July l.
Consolidated Gas of New York-New
York City Board of Estimates grants
franchise to Spingler Electric to fur
11sh electric service In Union Suuar~
area; section now supplied by New York
subsidiary
Consolidated Retail Stores November
5ales off 14.3 per cent; IL months, of
3 3 Oer cent