Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-20
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, January 20.-The fol-
lowing is a summary of important Cor
poration News prepared by the Stand
ard Statistics Co. Inc, New York for
the Associated Press.
News Trend.
In today's batch of corporate earn
ings statements two companies report
higher share earnings for 1880, than
in previous year. These are Sweets
Co. of America and Indian Territory
Illuminating Oil. Estimate of Packer
Corp. earnings place share returns
above those CT 1929. Other earnings
reports in most instances make de-
cidely poor contrasts, with Auburn
automobile, Atlas Imperial DIESEL En-
CINE and Cavanagh-Dobbs showing SUBJ
stantial drops. Dividend reductions
were announced by Poetic Associates
and Powdrell & Alexander.
The Companies.
American Glanzstoff 1880 sales esti-
mated at $10000,000 Atlas Imperial
DIESEL Engine share earnings, year
ended November 80, "a cents against
1927.
Auburn Auto-Share earnings, year
ended November 80, $5.43 against S2l %
BIG. Sandwich Shops 1880 sales
up 1.3 per cent.
Brazilian Traction, Light g. Power,
December net before depreciation and
amortization off, per cent; IL months,
off per cent
Canadian Marconi reported in favor
of consolidation of Canadian Telegraph
lines and British-owned cables.
Cavanagh-Dobbs deficit, year ended
October 81, $500 ,672 against net income
$500 1921, equal to $l.l8 a share in 1929
General Electric orders received, ex-
Guiding transferred radio and tube bust
ress, December quarter, off 80 per cent;
year 1880 off % per cent.
Grand Union Store sales, five weeks
ended January g. off "a per cent; year
to January 3. up 10.5 per cent
International Combustion Engineer
ing, reorganization plans believed be-
ing discussed with manufacturers in al
lied lines. including Baldwin Locomo-
tive works.
Indian Territory Illuminating Oil
common share earnings year ended
October 81, S1.39 against 80 cents.
International Railways of Central
America December gross income off II
per cent; II months off las per cent.
Kansas City Southern Railway dn-
Guiding TeXarkana & Fort Smith Rail-
way), December net after taxes off SO
per cent; IL months off % per cent
National Securities Investment net
assets January 10, reported 1897 ,594
equal to $108.79 preferred share out
standing; 10550 allotment certificates
repurchased for retirement since July
/, 1890
Otis Elevator 1880 sales estimated IS
per cent under 1929
Pacific Associates Is cents quarterly
dividend, paid so cents formerly.
Pacific Western Oil potential produc-
ton at close 1890, 66,364 barrels daily,
4, against 27,060 barrels at beginning of
year.
Packer Corporation 1880 share earn
ings, before Federal taxes, estimated
So 68 against 1928 earned in 1929.
Penney u. Co. sales January l to
Is reported above 1880 period; operated
,452 stores December 81.
Powdrell g. Alexander, Inc, so ceAts
common dividend; paid 87l2 cents quar-
terly formerly.
Sears, Roebuck inventories December
81 estimated below SOS, 100000, about
| $13,000,000 less than year before.
Snia Viscosa reported planning TO
absorb Seta Artificiale Varedo, Italian
Rayon company.
| Sweets Co. of America 1880 share
earnings. $1.26, against $1.22.
Western Auto Supply December sales
off l0.2 per cent; IL months off Is
| per cent.
Winn & Lovet Grocery December
sales of 1l.3 per cent; IL months off
IL per cent.