Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-09
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, February 9.-The fol-
lowing is a summary Of important cor
poration news prepared by the Standard
Statistics Co, Inc, New York, for the
Associated Press.
Weekly News Review.
The exhibition of strength in the
latter part of Saturdays session was
apparently the result of week end spacu-
lative operations rather than sudden
turn to cheerful sentiment. Govern
ment issues were fractionally higher and
numerous gains ranging from to
points were made throughout the list OF
stock market favorites. The sharp drop
in bonds brought about fortnight ago
by apprehension of the gigantic Soldler
bonus financing. was practically equal
lied in four and a half trading periods
since last Monday. Government issues,
having fallen to an area of investment
attraction, led the recovery while the
general list according to the standard
index of 80 high-grade bonds showed a
gain for the week of 094 point to 1882,
or within 09 point of this years high.
Despite the absence of definite indica-
tons as to the outcome of national
legislative proposals or favorable indus
trial reports, the stock market also re-
versed its trend in last weeks trading.
The 9O-stocS index moved up to 1911,
or 3.3 points above the close on jan
uary 81.
Rail Stocks.
Twenty railroads were off OF and so
industrials 81 points over the level a
week ago. The most conspicuous price
movement on the commodity markets.
was the break in silver to 261s cents an
ounce, a new bottom. The Annailst
weekly index of wholesale commodity
prices receded IL points to a new low OF
1924 Copper displayed further weak
ness by duplicating its 1880 low of 912
cents pound. which was the lowest
quotation for that metal in 80 years.
Brokers' loans by reporting Federal
Reserve member banks in New YORK
City for the week ended February fell
once mere to new low level OF 81, u.s.
100000, representing a decrease OF the
week of $18,000,000 Though smaller
than the decline as reported for jan
uary %, it constitutes the nineteenth
drop in 20 weeks since September "a,
bringing the total contraction in that
time to $1,506000,000. On February 4
total Reserve bank credit outstanding
amounted to $949, 100000, or $7,0O0000
under that reported for the similar pre-
ceding period. The average during this
$24,000,000 from the average in the
week before and of $249,000,000 under
the corresponding period of 1880.
The latest weekly reports available
from a wide variety of industries indi-
cate that the upward trend in business
which had been under way since the
beginning of the year has nearly
reached a standstill. Steel industry
operations, aided by seasonal tonnage
of the rail and tinplate business, to-
gether with an unusual demand for
structural steel products for Govern
ment and municipal programs, adj
vanced last week by / per cent to 48
per cent of capacity, compared with APP
proXimately rs per cent a year ago, and
whereas moderate gains were registered
in activity around the Chicago district,
Youngstown and Pittsburgh have ex-
hibited little or no improvement. The
decline in revenue freight car loadings
for the seven days through January "a
was somewhat discouraging, inaSmuch
as the total of 715,690 was not only IL
per cent below that of the like period
of 1890, but the lowest reported for any
corresponding week since 1921.
Electricity Output.
Electricity output for the week ended
January 81 registered q further decline