Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS.

TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS.
NEW YORK, March al (R.-The
following is today's summary OF i'm
portant corporation news prepared by
Standard Statistics Co., Inc, New York,
for the Associated Press.
News Trend.
Reports Of the February automobile
production by the Department of Com
merce show increased activity in United
States and Canada, the total for both
rising to 229,768 units from 178,347
in January. It should be observed,
however, that increased activity is to
be expected at this time Of the year,
and that Februarys total is still be-
low the total for February, 1880.
Prices of steel bars, shapes and plates,
recently increased by Carnegie Steel,
were boosted further in the Chicago
area by Illinois Steel probably to be
followed by others. In this connec-
ton it is interesting to note higher
activity by large consuming industries,
particularly increase in construction
contracts awarded in the first two weeks
of March, and probable increase in
automobile production over the Feb
ruary total mentioned above, as in
dicated by higher schedules for March.
At this time General Motors has
seen fit to place orders of 1881 re-
quirementS of copper, cotton, rubber,
tin and zinc Eleven Southwestern rail-
roads have agreed on a plan for ex-
tending rail service to shippers by add
ing a truck pickup and delivery adj
junct.
The Industries.
Automobile. - February automobile
production in United States and Canada
totaled 229, 1853 units, against 178,347
in January and 345,962 in February,
1880, according to Department of Com
merce; two months output, 408, lis
units, against 629.571; February output
in the United States alone amounted
to 219,897 units, against III, 1851 in
January, and 330.414 in February, 1880.
Cotton and Cotton Goods.-1930 cot
ton ginnings totaled 13,929,941 bales
equivalent 500 pounds, against a.
824,861 bales in 1929 and 14,477,974
bales in 1928. Cotton-spinning spindles
in place in the United States on Febru-
preliminary figures, Of which 25,763, 408
were active at some time during the
month, against 5,611 ,458 for January
and 28,920, 1852 for February, 1890.
Tobacco.-February output of small
cigarettes rose to 8,836,067, 903 units
from S,465, 0O5,41 February, 1880; large
cigaretts, 350,101 units, against 653, 039
year ago; February production Of large
cigars fell to 362, 83S,747 units from
426,521, IT'S in February, 1880. and small
cigars to 25,455,507 from 34,165,013 year
ago.
Building. - Construction contracts
awarded during first two weeks Of
March In 81 States east of the Rockies
totaled $186,695 500, against $178,227,-
100 for like 1890 period; residential
building rose to $47,542,5Oo, an increase
Of $3,500,000.
The Companies.
Agnew-Surpass Shoe Stores sales
nine months ended February % on So
per cent.
American Sugar Refining withdraws
price advance Of 10 points to $50 cents
a pound for refined sugar.
Associated Gas g. Electric output
week ended March IA up SO per cent;
gas output up 81 per cent.
Bethlehem Steel Stockholders Pro-
tective Committee seeks proxies to OPP
pose bonus system at annual meeting.
British Aluminium Co., Ltd, per
cent final 1880 dividend on A. D. r.
for ordinary registered stock.
Brooklyn. Transit (sys-
tenn February groS of 3.6 per cent, net
income up % per cent; 8 months gross
OF 3.5 per cent, net income OF 0.6
per cent.
Cherry BurreII, conveys certain
plants to new company, Central Fibre
Products, organized to take over all
properties Of Emerson Carey Fibre
Products Co., Indiana Board 81 Filler
Co., North Star Straw Board Mills,
Quincy North Star Co., and Waterloo
North Star Co., also certain straw
board mills and egg case filters plants Of
Creamery Package Mfg.
Chicago, Milwaukee, st Paul &
Pacific r. r. president states March
revenues made better comparative
showing than did February results.
Chicago Railways.-February receipts
Of surface lines, after charges, resulted
in deficit of $83.311, against surplus of
$98, 1874 year ago.
Connecticut Electric Service gross
revenues IL months to February %, on
per cent; net income on SO per cent.
Consolidated Gas Of New York pro-
poses to issue new IS preferred shares,
% be offered to common-share holders at
95 in ratio Of l for 20 common shares
held; also proposes issuing $50 900, 900
4 II per cent debentures.
Dinkler Hotels Co. 1880 50 class A
share earnings, $1.88, against S7.20.
General Motors arranges to purchase
supplies Of copper, cotton, rubber, tin
and zinc for remainder Of 1881.
Inland Steel to mark up bars, shapes
and plates in Chicago area by 50 ton.
international Paper g. Power.-Pres-
ident testifies before Federal Trade
Commission that company has disposed
Of all newspaper holdings except three
in South.
Iron Cap Copper 1880 deficit, s66,612
against net income Of $3l 1913, equal to
II cents common share in 1929
Missouri Pacific Railroad. - Sharply
lower earnings indicated for first half:
traffic expected to show drop of 10
per cent to Is per cent, while interest
on debt for period will be about $780,
900 greater; 1881 betternentS costs es-
timated $12,000,000; with no moneys
available therefor from recent bond
sale, additional financing Is believed
necessary.
Motor Bankers Corporation (parent
company only 1880 deficit, S160,236,
against net income Of s308,958, equalito
$2.01 common share in 1929.
Paramount-PubliX first-quarter net
expected to fall below $1.82 share
level OF a year ago; attendance in do
nestle theaters declined about Is per
cent; foreign business on uptrend.
Pinchin, johnson & Co., Ltd, IL per
cent final dividend for 1880 on Ameri-
can shares.
Saxet Co. stockholders to vote on In
creasing authorized common stock to
1000, 900 shares from 100000.
Shenandoah Corporation regular quar-
ter IS cents cash or 1872 common stock
dividend on preferred.
Silent. Automatic Cornoration 1890
common share earnings, Sill, against
$3.50.
Southern California Edison.-Stock-
holders ratifv increase in authorized