Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, January 18.-The fol-
lowing is a summary of important cor
poration news prepared by the Standard
Statistics Co., Inc, New York, for the
Associated Press:
Weekly News Review.
The stock market continued ON the
upward trend which was initiated in
the middle of the week previous. Prob
ably the most influential factor in
furthering this movement was the pas
sage of the Reconstruction Finance Cor
poration bill. 1t is felt that this cor
poration will clear the way toward a
natural recovery by breaking the vicious
circle Of credit contraction and instilI-
ing confidence where it is most needed.
The actual movement of the stock mar
ket as indicated By cur price in&ex fer
80 stocks showed a gain of Al points,
rising from 66.7 on January 8 to 7o3
on January Is.
In sympathy with the improved SEN
timent and rising security market the
bond market again moved to higher
levels. The advance was led by the
second-grade rails, which are expected
to benefit greatly from the Reconstruc-
ton Finance Corporation.
Relative stability has been shown in
commodity prices in recent months in
spite of the curtailed buying due to lack
of confidence in the business outlook.
Last week IL of 40 major commodities
advanced in price over the previous
week, while Is declined and IS re-
manned unchanged.
Steel ingot production has not only
been able to maintain the gradual adj
vance from the December lows, but also
has continued to increase slightly. Ac-
cording to the Dow, Jones & Co. esti-
mate, ingot production in the week
ended January IL was at slightly under
rs per cent Of capacity, which COM
pares with "a per cent in the preceding
week.
AS production is running ahead of
consumption, 1t Is rather unfortunate
that an increase was reported in crude
oil output in the week ended January g.
According to the American Petroleum
Institute, daily average crude oil produc-
ton was 2,235, 400 barrels, an increase
of 25,loO barrels over the previous
week.
Due to advance shipment of goods
to avoid the increased rates and the
subnormal shipments in the previous
enue freight car loadings in the week
ended January 2 increased sharply.
Actual loadings, as reported by the
American Railway Institute, totaled
503,321 cars, against 441,589 cars in the
preceding week.
The Companies.
Sun Investing nquidating value, De-
cember 81, 1881, $47.36 a preferred
share, VS.. .05 December 81, 1890.
Todd Shipyards-Court orders sale of
three vessels of Hudson River Naviga-
ton Corporation to satisfy claims of
Tietien q Lang Dry Dock, a subsidiary
CT company.
U. S. & Foreign Securities liquidat-
ing value, December 81, 1881, S107.64
a first preferred share, VS.. S16o.87 &c
cember 81, 1880.
U. S. g. International Securities
liquidating value. December 81, 1881.
S60.41 a first preferred share, VS.. S92.03
December 81, 1880.
Boston & Maine r. R.-Massachu-
sets Public Utilities Commission rules
truck operations by company illegal.
Eureka Pipe Line-Curtailing Janu-
airy crude purchases by about 10 per
cent.
Market Street Railway 1881 gross
earnings off Ct per cent; net earnings
before depreciation of 6.8 per cent,
New York, New Haven & Hartford
Railroad-Massachu Public Utili-
ties Commission rules truck opera
tons by company Illegal,
South Penn Oil curtails January
crude purchases by about 10 per cent.
Wilson & Co. deficit year ended Oc-
tober 81, S2,0l7,156 VS.. net income s2,-
542 $50, equal to $l.52 a class A share.
Erie Railroad places order for 31,377
tons of rail with United States Steel
subsidiaries and several otEe- c"nS
New York Central Railroad reported
ready to place 125 ,000-ton rail order:
poct S0n ann
U. S. Steel subsidiaries, Carnegie and
Illinois Steel, get 25,l02-ton rail con-
tracts from Erie Railroad.
National Short-Term Securities takes
no action on quarterly common divi-
dend; to consider future payments
semi-anually paid IS cents November
2. 1881.
Reliance International Liquidating
value December 81, 1881, S33.38 COM
mon share, vs.. s52.02 December 81,
1881.
Triplex Safety Glass Co. of North
America stockholders approved sale to
Libbey- Owens Ford Glass Co. of entire
fat and laminated glass business and
all land, buildings, machinery, etc.
United Paperboard deficit before de-
probation, six months to November %,
S192, 1853, VS.. deficit $92,485.
Peoples Gas, Light & Coke 1881 COM
mon share earnings $40 90 VS. Sll6l