Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-01
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, February 2s.-The fol-
lowing Is today's summary OF impor-
tant corporation news prepared by
Standard Statistics Co., Inc, New York,
for the Associated Press.
News Trend.
Clearly defined evidence Of unusual
business improvement during the initial
two months of the year or in the past
week Is generally lacking in current
trade reviews. Although noticeable
gains have been witnessed in several Of
the principal industries, such as steel,
automobiles and testiles, combination
Of all commercial barometers presents q
rather confusing outlook. Progress in
steel activity has been gradually upward.
but seasonal upturn is to be expected
at this time of the year. Automobile pro-
duction schedules have advanced under
the similar conditions. Cotton has been
the principal factor in improving the
textile industry. Better demand for the
product and reduction Of mill stocks
has been generally reflected in current
quotations. on the other hand, reports
from the petroleum industry continue
b be unsatisfactory. Crude production,
materially increased by the East Texas
output, has been growing steadily for
several weeks and the immediate pros
poets Of curbing this trend are be-
coming less likely. The railroad situa-
ton Is no better. The addition of
January earnings statements of some of
the larger units makes the comparison
with last year very unfavorable. The
net operating income of so railroads
In that month was 81 per cent short
Of the total IN January q year ago. De-
spite the mixed and unfavorable char
acter OF the news, an undercurrent Of
slightly better sentiment seems TO be
under way.
The Industries.
Ofl-Kettleman North Dome Associa-
tion-senate passes bill to make plan
Tor unit operation permanent.
The Companies.
Alabama Great Southern Railroad
net operating income OF 1872 per cent.
sumed at Aver, Wood and washington
mills, Of Lawrence, Mass; about 80 per
cent of 10000 operators returned:
weaVers of Assabet mill strike for res
toration Of wages to previous level and
discharge of efficiency experts; 1880 OPP
Grating loss about 100000.
Arundel Corporation (Baltimore) jan
lary net profit, after depreciation and
taxes, up "a per cent.
AbC&11SDne 1OkCkA % iGS8k1b1 re 1te1n~
way january net operating income on
Atlantic Coast Line Railroad Janu-
AIRY net operating income on 22.6 per
cent.
Baltimore g. Ohio Railroad January
net operating income OF IS per cent
Bangor Hydro-Electric Co. 1880 COM
mon share earnings, $2.66, against
Billiard Co. 1880 deficit, $24l, $50.
against net income $993,os7, equal 70
$3.50 common share, in 1929.
Campbell, Wyant g. Cannon Foun-
dry 1880 common share earnings, $1.83,
against 1895.
Central Illinois Public Service-Sam-
uel Insult, 1r., made chairman.
Chicago 81 Northwestern-Janu
net operating income of 1872 per cent.
chicago Railways-Time for deposit
bf securities under unification plan ex-
tended to March 81; securities on de-
posit February 20 amounted to about
R5.4 per cent
Chicago, Rock Island g. Pacific Rail-
cray January net income, $2,25S, against
deficit 1924, 728.
Chicago, st. Paul, Minneapolis g.
Omaha Railway January net operating
income, 81, 66e, against scoops.
Commercial Solvents defers action on
2 per cent stock dividend until Novem-
Der; declares regular quarterly cash dis
kx1butaon Of IS cents share.
Corn Products Refining 1880 common
hhare earnings S4.86 against S5.75, in
eluding profit on sale OF securities IN
both years.
DIESEL Wengner Gilbert Corporation
1880 common share earnings 1921
ngainst &3.23.
Delaware, LAckawanna 81 Western
Railroad Communication fare increase
bearings resumed.
Denver 81 Rio Grande Western Rail-
koad-January deficit, after charges
kI.3l4 against surplus s80,22S.
Empire Steel bookings In January
10000 tons; so per cent over previous
month.
Engineers Public Service 1880 com.
mon share earnings $2.65 against $3.50
based ON average number Of shares out
standing in both years.
Gabriel Co. to introduce new low.
costs and selling expenses reduced II
1890.
General Baking Corporation-Reor.
Ranization plan involves transfer Of as.
Sets TO General Baking Co. and share
Exchange.
General -Frigidaire plant.
f. continue at capacity; about $7,O0o,ooI
raw material ordered.
Gillette safety Razor expects sizeabl'
ECONOMIES from use Of auto strop ant
equipment and processes.
Graham-Paige Motors Corporation
1880 deficit $4,s69. 800 against deficit o
81 ,463,6e7 In 1929.
Grand Union was operating IL
Branches at year end against TOT at be
ginning of 1890.
Incorporated Investors reported owe
rs 900 900 appreciation IN market yalu
81 holdings since year end.
Lee Oh. d. Mercantile 1880 sales OF
30 per cent