Evening star., 1932-10-19
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, october l9-FOllOWing
is today'S summary of corporation news
prepared by Standard Statistics Co.,
Inc, New York, for the Associated Press
Automobile Parts and Tires.
Goodrich (B F. Co-Company's
engineers have developed a low-pressure
pneumatic tire for wheelbarrows
United States Rubber Co.-Concern
has developed a vented inner tube to
overcome difficulties caused by air trap
ped between casing and tube when used
on drop-center rims.
Electrical Equipment and Radio.
General Electric Co-Common share
earnings, nine months ended September
80, 81 cents, vs. SLOT orders received
in three months to September 80, off
58.1 per cent; nine months, of 53.5 per
cent.
Westinghouse Electric g. Manufactur-
ing-Deficit, nine months ended Sep
tember 80 S5,917,250, vs. deficit $780,
707 orders received in three months
ended September 80, off 543 per cent; {;
nine months, of 48.l per cent.
Miscellaneous.
Beneficial Indust- i1l Loan Corporation
Common share e9raings, nine months
ended September 60. sl45, VS.. sl.57.
Oil.
Consolidated Oil Corporation-Com-
pany's share of the $4,000 900 advance
recently made to Mexican government
by several oil concerns was 81 900 600.
Humble Oil &, Refining Co-In con-
nection with inaugural posting of SO
cents barrel for East Texas crude oil
which is II cents below price of other
large buyers. except Standard Oil Co
Irdiana). W. S. Parish. president
stated that any advance by this COM
pany would await fulfillment of prom
Use made by sponsors Of recent mark-up.
Royal Dutch Co.-This concerns
share of the S10.000,O00 advance re-
Gently made to Mexican government by
several oil concerns was $4,000, 900.
This portion of the loan was made
through Mexican Eagle Oil Co., Ltd.
a subsidiary
Standard Oil Co. of New Jersey-Ad-
vances $4,000 900 to Mexico as Us share
of a S10.000,000 loan recently made to
the Mexican government by several oil
concerns.
Paper and Paper Products.
Abitibi Power g. Paper Co-Formal
action of the Montreal Trust Co., trustee
for the bonds of Ontario Power Serv-
ice Corporation. Ltd. to take over the
property under trust deed on account Of
interest default. is looked upon as a
step in clearing up Abitibi's control OF
that company.
Railroad and Railroad Equipment.
Chesapeake e. Ohio Railway common
share earnings. nine months ended
September 80 s201 VS.. S2.76.
Union Pacific Railroad September net
operating income off 165 per cent;
nine months, 2l9 per cent below same
period a year ago.
Retail Trade.
Loft, Inc, September sales off l5.7
per cent; nine months up 2.9 per cent.
Steel and Iron.
Steel ingot production, according to
Iron Age. is 1912 per cent of capacity,
against about l9 per cent week ago.
Theaters. Etc.
Loew's. Inc.-Directors meeting for
preferred dividend action has been post
on preferred was $l.62llz share, Au-
gust Is, 1882.
Electric production in the United
States during the week ended October
Is, aggregated 1,507, 100000 XVIII, or
per cent below the corresponding week
of 1881; in the preceding seven-day
period. output dropped 8.9 per cent
from the similar week of 1881.
American Telephone and Telegraph
Co.-Company plans to spend about
s35. 100000 on plant improvements dur
ing the next IL months.
Shawinigan Water & Power net in
come before depreciation and income
tax, nine months ended September 80,
S2,438,069, vs. $3,557,669; directors
have declared dividends of IL cents and
13 cents a share on common stock, pay
able November Is, 1882. and February
is, 1888, respectively: on August Is,
1882, Is cents share was paid.
Sierra Pacific Electric Co. September
net operating revenue up 1872 per cent;
IL months up 1872 per cent.
Tampa Electric Co. common share
earnings, IL months ended September
80, $2.25, VS.. $274.