Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.


LEADING ORGANIZATIONS.
: NEW YORK, February 21.-The fol-
lowing is today's summary of important
corporation news prepared by the Stand
ard Statistics Co., Inc, New York, for
the Associated Press.
News Trend.
Silver production as reported for the
ak leading producing countries in 1890
and for the United States in January
has established very favorable trend
In view of the tremendous oversupply
that has brought the market to its
present low level of price. Numerous
mines, unable to produce under pres
sure of falling prices, have been respon-
s!ble to a large extent for tightening
the burden. Output in 1880 was lower
by 16,452,00 ounces than the total CT
227 100000 reported in 1929, and was
also below that reported in the years
1927 and 1928. Production in January
. from the United States. Canada and
{ Mexico declined from the total of the
: previous month, but Peruvian output,
, on the other hand, shows a sharp in
: crease. Reports of no shipments of the
metal TO China in January from either
New York or London indicate that
heavier for India, where shipments re-
ceived have grown to large proportions
since September, 1880. Although the
current demand from that quarter is
fairly quiet, inquiries are better for de-
livery after March /. The market at
present is exhibiting a somewhat firmer
tone.
The Industries.
C:otton-Cotton spinning activity in
January, based on activity ef 69l hours
day and an average of 26935, 485
epindleS operated during the month. was
60.S per cent of capacity on a single
Shift basis; compares with 76.1 per
cent for December, 80l per. cent in
November, and 1902 per cent of capac-
Ity in January. 1880.
Railroads-Rail freight traffic han
died by railroads of the country in
1880 declined 14.3- per cent to AZ, 49,
$4,000 net ton miles. Surplus freight
cars of class l railroads in good repair
on February 8 amounted to 654 179 an
increase of 1929 over previous week;
there were 5.522 locomotives in need of
repair on February /, representing 10
per cent of total on line and l34 be'ow
January IS; number of serviceabie 10
comotives in storage increased 1877
from January Is to 1888 on Febru-
ary /.
Steel-Southern furnaces more ac-
tive, with "A per cent operating; Is out
of % open-hearth furnaces operating
in Birmingham district and - blast
furnaces producing pig iron; gradual
improvement in iron and steel indus
try continues.
The Companies.
Anerada Corporation 1880 earnings
estimated around $3.50 common share,
against $3.50 earned in 1929
American, British IL Continental
Corporation liquidating value December
81 ss094 preferred share
American Express 1880 common
share earnings, 1921. against $l4.10.
American Republics Corporation
(parent company 1880 net income
$30c 984, against 1902 1923.
American Tobacco January Lucky
Strike sales, GAG 24e0 900 cigarettes over
like 1880 month.
American Utilities &, General Corpo-
ration 1880 common share earnings. AZ
cents; earned 81 in period from Feb
r1Iary to December 81, 1929.
Armour & Co omits preferred diyi-
dend: paid $l.75 January 2.
Aviation Corporation tDelaware) sets
March as expiration date OF share eX-
change offer 10 Fairchild Aviation stock
holders: Fairchild may give Aviation OPP
ton to purchase all stock of Aviation
Corporation OF Canada held by Fair
child for 10000 on 10 days notice
from Fairchild any time prior to July
/, 1881.
Baldwin Locomotive gets order for
5 engines from Soviet government
amounting to $575 600.
Brunswick alkeCo.lender to retire
so 600 common shares bought in open
VI yaf ~
to 100000 shares.
Central States Electric Corporation
liqu!dating value December 81, SLAB
common share VS.. 50 40 December 81,
1929.
Chesapeake Corporation 1880 common
share earnings. $347 VS. $2.el.
Chesapeake 81 Ohio Railway January
surplus, after sinking fund, of 1872 per
cent.
Chicago, Milwaukee. st. Paul & Pa
cifc Railroad 1881 improvement budget
about sl5,0o0.000. excluding locomotives
Chicago yellow Cab 1880 common
share earnings. S302 VS. SAT-.
Cincinnati Union Stock Yard pro-
poses 10 change articles Of Incorporation
To gsin advantages Of new OHIO cor
porat.on law.
Cooperation Securities Co. Of Chi
cago Hquidating value. December 81
$3.50 common share VS.. $500 DE en-
Der 81. 1929.
Cream Of Wheat Corporation $3.50
common share earnings S31I vs. S3l3
Crosse 81 Blackwell, Inc. 1880 COM
mon share earnings, u cents VS. IL
cents.
Dominion Stores, Ltd, 1890 common
share earnings, $l9l VS.. $2l7.
Drug, Inc, 1890 common share earn
ings 5000 vs.. $685..
Durham Duplex Razor declares 81
quarterly dividend on 81 prior preferred
paid 81 March !, 1880
Emerson Brantingham proposes [,
change par of class A stock to $40 AM
class TO IS from no par.
Ford Motor Co, A. O.. OF German,
. 1890 net income. $785 400. a>.ins
S52S. 800
Franklin III. h Manufacture
scTeouied output for February, Marcl
and April increased Is per cent.
General Motors Normal working
force at Olds Motor Works: latter eX
pected to produce about 5000 cars II
February; 4,4o0 shipped in January.
Hudson Motor Car declares quarterl
common dividend of IS cents a share
paid rs cents January 2.
Idaho Power 1880 net income, 81 .53i
BAT, against net income sl,33o,685 ii
1929.
insult Utility Investment Co. liquidat
Ing value December 81, $4.55 comno