Evening star., 1932-01-06
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, January 6.-The fol-
lowing is summary Of important cor
| poration news prepared by the Stand
ard Statistics Co., Inc, New York, for
the Associated Press.
News Trend.
Crude oil production again declined,
| the daily average dropping $500 bar
rels in the week ended January 2 to
2,209,10 barrels, according to the
American Petroleum Institute. The
major decreases were a 25,100. barrel
curtailment In East Texas output and a
Al ,650-barrel cut in Oklahoma output.
Gasoline stocks at refineries amounted
to 37,s89, 900 barrels, an increase Of
100 900 barrels over the previous week
Revenue freight car loadings in the
week ended December rs totaled AL ,58s
cars, according to the American Rail
way Association. This Is a reduction Of
140, ,144 cars below the previous week,
due to the Christmas holidays, and
94,703 cars under the corresponding
week of last year. Loadings of all
commodities were smaller.
The Companies.
American Smelling g. Refining, 121a
three months ago and 55 cents quar-
terly heretofore.
Atchison, Topeka g. Santa Fe Rail-
way-Declared $3.50 common dividend;
formerly paid $3.50 quarterly; 1882
budget, with SIS 5,000, 900 carryover from
1881, about s25, ,o00, 900.
Celotex Co.-Deficit, year ended Oc-
tober 81, S130,599 vs. net income s244,-
07s, equal to $4.5s a 81 preferred share.
General Motors-December shipments
of Oldsmobiles about 1000 units
Grant wv. T) Co.-December sales
up 2.6 per cent; IL months up So per
cent.
Keith George e. Co.-Consolidated
sales for year ended October 81, 1881,
off 81. 9 per cent
Standard OIL of California-Justice
Department asks $4,000 additional
funds to continue prosecution of dis,
pute with company over title to section
of Elk Hills oil lands.
Standard OIL New Jersey y)-Purchase
price for stock of company for employees
fixed at 3o15.
Alaska Juneau Gold Mining-Decem-
Der profit before depreciation, depletion
and Federal taxes, s77,2oO; IL months,
81 ,521 $50
Chicago, Rock Island & Pacific Rail-
hSHS CllfC SCQII Oh
grain rate reduction to aid road; lower
rates would have cut revenue about
s1,750,000 annually.
st. Louis-San Francisco Railroad to
beneflt from Supreme Court annulment
OF grain rate reduction.
Solvay American Investment de-
clared s1.371s quarterly preferred divi-
dend
United Light & Power reported TO
hold option on Missouri-Kansas Pipe
Line assets.
United States steel-sixteen mills at
Laughlin plant Of American Sheet 81 |
Tin Plate, subsidiary, have resumed op- ,
erations.
Pennsylvania Railroad-New Jersey
Public Utility Commission favors merg- |
er Of South Jersey lines; estimate COM |
blnation would reduce operating ex-
penses by about s1,700,000 annually /,
and cut capital requirements about |
So 900 ,0OO
Tobacco products declared is cents |
extra and 20 cents quarterly class A |
dividends.
United Cigar Stores of America de-
clared 81 preferred dividend; formerly |
paid $3.50 quarterly.
Cluett, Peabody g. Co. declared so |
cents quarterly common dividend; paid |
rs cents November 2.
Hartman Corporation December sales
up 5.8 per cent.
New Britain Machine declared 10
cents quarterly common dividend; for
merly paid 90 cents.
spalding GA. O. & Bros. deficit, year
ended October 81, s1,o11 ,267 VS.. net
income sl,635, asa, equal TO s375.
American Beet Sugar-Season out
put about 2,500, 900 bags of sugar; IN
crease Of 100000 bags over previous
season.
Associated Apparel Industries deficit,
year ended November 30, $8o3.137, VS..
net income s1,o28, ,40l, equal to s4.ss
I common share.
Eastern Utilities Associates converti-
DIE share earnings, II months to Mo-
yember 30 80 cents, VS. 79 cents.
Lehman Corporation net asset value
December 81, 1864 a common share,
rs. s74.lT June 80, 1891.
Union Pig. passed quarterly dividend
N capital stock; last payment 12n
'ents September 40.