Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, January 23.-The fol-
lowing Is a summary Of important cor
poration news prepared by the Stand
ard Statistics So, Inc, New York, for
the Associated Press:
New. Trend.
The days corporate news is of a
mixed character. Lone Star Gas has
declared stock dividend Of 14.4 per
cent. Rights have been offered to stock
holders of Public Service of New Jer-
sey to purchase new SIS preferre stock
at $3.50. Except for higher share re-
turns for U. 8. Pipe & Foundry, earn
ings reports are unfavorable. Receivers
in equity have been appointed for Win
chester Repeating Arms of Delaware.
After five weeks of relative stability,
the Annalist weekly index of wholesale
commodity prices has dropped to new
low point for the past is years. The de-
cline was due principally to weakness In
agricultural prices, index for which fell
more than / per cent in the seven days
to January 20. The composite average
of wholesale prices, according to this
index, now stands 1872 per cent Below
IIlc level OI a year ago.
The Companies.
American Tobacco-December Lucky
Strike sales up $50 10S, 900 units: IL
months, up 6,2l9,766,0 900. Discontinues
direct sales to United Cigar Stores.
American Water Works & Electric
December electric output off 10 per
cent; IL months, of 4 per cent.
Chain Belt-1930 common share earn
ings, $4.29, against $7.04.
Chain Store stocks liquidating value
December 81, e1487 a share, against
$l9.28 December 81, 1929.
Curtiss-Wr!ght Corporation to manu-
facture light plane, listing at 81 400.
Several other new models to be brought
aircraft contracts aggregating $780,
397.
Howe Sound-1930 common share
earnings, $4.09, against $7.38.
marlborough Rapid Transit-Board
of transportation to go ahead with SUBJ
way plan on assumption Sixth Avenue
Elevated lines will not be RACED
International Telephone g. Telegraph
Corporation - International Standard
Electric, subsidiary, offers to reorganize
Finlands wire system.
Lone Star Gas declares stock dividend
l4.4 per cent on common shares.
Marmon Motor Car had deficit
81 ,937 ,508 in nine months to Novem-
Der 80, against net income $727,010,
equal to $3.50 common share.
National Securities Investment
Liquidating value January 10, 1881,
$1.67 common share, against 1851 June
January 10. 1881, $322,22
New York Steam-Initial 65-cent
quarterly common dividend.
Public Service OF New Jersey-Prefer-
red and common stockholders to receive
rights to new S. preferred, for 20
preferred or common held, at $3.50.
Richfield Oil of California-Bond-
holders Protective Committee formed.
Schultz Retail Stores-Prices of pop
ular brands of cigarettes reduced to II
cents package for one week, to meet
competitors special prices.
Southern Pacific, Pacific Missouri
Kansas-Texas asks I. c. c. to order
Of rates and through
routes over cotton belt. If acquisition is
approved.
Telephone Bond g. Share-Additiona
class A stock offered shareholders Of
company and aff1liates at $50 share.
Union Bag g. Paper reported 1890
deficit may. approximate $4,000
ventories reduced about $500, 900 during
1880; current operations averaging
about 30 per cent of capacity.
United STATES Rubber becomes source
Of supply for Montgomery Ward tires
through interests in Samson Tire &
Rubber and Gillett Rubber.
United state Pipe & Foundry de-
clared four 1891 quarterly dividends of
so cents each. Preliminary 1890 COM
iVaoe az
earned in 1929.
Western Maryland Railway prelim-
mary 1890 share earnings 81 cents
against sass earned In 1929.