Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-01
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, January 31.-The fol-
lowing is today's summary of important
corporation news prepared by Stan
dard Statistics Co., Inc, New York, Tor
the Associated Press.
News Trend.
The mercantile agencies report there
was additional activity in wholesale
markets this week, with orders in in
stances exceeding those Of year ago.
Liquidation of Winter stocks in the
retail field was hampere6 somewhat by
the exceptionally mild weather. With In
ventories of goods subnormal in most
cases, it is believed, requirements for
Spring business will result in gradual
gain in activity. The weeks list OF
commercial failures, as reported by
Dun's review, numbered $50 against 7l2
in the previous week and 545 in the
corresponding 1880 period. Bank clear
ings remain at low level total for the
seven days through January Z, record
ing decline of 21.7 per cent contrasted
with a year ago. For the month OF
January exchanges continued at the
level of December whereas usually
gain is registered over that month.
Corporate earnings of the day without
exception are unfavorable. Price OF
copper has been reduced u cent a
pOunQ 70 "a CentS ny CuSOOAh oi4SAVCAS'
The Industries.
Copper-Price of export copper re-
duced OPS cents pound TO 1905 cents.
Custom smelters are offering metal at
e75 cents a pound delivered, OF .025
cents from former price.
acknowledgements exports of cotton
and cotton manufactures totaled S52,-
6i5 POT, against $99, 567.2l1; IL months
were valued at 5S2,259, 843, against
S905 ,943.215.
Retail trade-1930 sales of 6l4 de-
partment stores located in 252 cities
declined per cent from 1929, accord
ing to reports to Federal Reserve Board.
December sales, allowing for one extra
day in 1880, declined IA per cent from
year previous. Districts registering a
decline of 10 per cent or more for the
year were Chicago st. Louis and Cleve-
land Sales of stores in the Boston
district showed smallest recession, 1
per cent.
The Companies.
Blue Ridge Corporation 1880 report
disc!oses investment of between $1,000
600 and $4,000 900 in Blyth & Co.
Cincinnati Street Railway 1880 total
income. available for interest, sinking
fund and return on capital, S2,o14,5o
against 81, l3O,ll4
City Investing common share earn
ings seven months to November 30,
S56o3.
Cord Corporation. common share
earnings. year ended November 80, 65
cents; earned 10 cents from June IT
to November 80 1929.
Electric Shareholdings net asset value
December 81, sl1.37 common share.
Goldman-Sachs Trading proposes re-
duction in stated value of stock to re-
store surplus; realized S7,300,000 from
sale of 277, 900 shares of Manufacturers
Trust stock to Gibson group.
International Cement 1880 common
share earnings $7.12 against S7.88
Ken-Rad Tube 81 Lamp 1880 deficit
$131 ,4l0 against net income $285 DOS,
equal to 81 SO common share.
Lane Bryant preferred share earn
the exception mild weather. With in
VS.. S2,130.114
ings, 6 months to November 80, $500
against S23.91.
Montgomery Ward 1880 mail order
sales OF 256 per cent; retail sales UP
1873 per cent.
National Railways Of Mexico Novem-
Der deficit after taxes 1857, 1859 against
income after taxes $2092,137 IL
months income 1922, 309 against in
come $l7,195.113.
New England Telephone 81 Telegraph
1880 common share earnings $685.
against 5000,
North American Utility Securities
1880 net income $655,24s agains
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