Evening star., 1932-01-26
NATIONAL BANK.
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, January 26.-The fol-
lowing is a summary of important cor
poration news prepared by the Stand
ard Statistics Co., Inc New York, for
the Associated Press.
News Trend.
Largely due to curtailment in the
low-priced field, automobile production
showed a decrease last week. Accord
ing to Grams Automotive Reports, out
put totaled 29,833 cars and trucks,
which compares with 32,402 units in
the previous week and 45,843 units in
the corresponding week of last year.
The Companies.
Chrysler Corporation-De Soto pro-
duction schedules stepped up more than
90 per cent over preliminary estimate;
cuts Dodge Bros truck chassis prices
about S75.
Erie Railroad December net oper-
ating income of 45.l per cent; II
months off 312 per cent.
Federal Knitting Mills 1881 common
share earnings S408, VS.. S4.53.
General Refractories 1881 common
share earnings, 83 cents, VS.. S7l2.
Hercules Motors-Operation aVerag-
ing between 40 and so per cent OF
capacity.
kansas City Power & Light 1881
first preferred share earnings, $ll2.92
VS.. Sl0076.
Maine Central Railroad 1881 deficit
S63, 1886 VS.. net income, SLIP, ,099, equal
to S8Ol a common share.
PaadipC TO December net OOprntiOp
income off 38 per cent, II months of
90 per cent.
Southern Pacific Co. December net
operating income off 85 per cent. IL
months off 489 per cent; Interstate
Commerce Commission conditionally
approves -~luisition of stock control of
Cotton Belt; also authorized to issue
st. .626, 800 common stock to be used for
exchange for shares st. Louis South
western.
Sterling Motor Truck deficit, year
ended october 81, $902,8l9 VS.. deficit
1885 $50.
Texas g. Pacific Railway 1881 COM
mon share earnings, 1921 vs. S6.37.
Adams Mills Corporation 1881 dol
lar volume below previous year; ship
ments up.
Electric Shareholders Corporation
passed semi-annual common stock div
idend; paid 3 per cent September l,
1881; declared quarterly dividend OF
44-l00th share of common or Sl.50 In
cash on preferred stock.
Hart Schaffner & Marx took nc
action on quarterly dividend; paid 81
November 30 1881.
Republic Steel operations increased
to 35 per cent of capacity VS.. 80 pei
| cent last week; ingot output up sharply
United States Steel would be chiei
! beneficiary under any refund of recap
! tured railroad earnings, three SUBJ
! salaries having paid S6305, ,683.
! Wayne Pump 1881 net sales OF 32.s
| per cent
Carolina Power g. Light cuts wages
! Is per cent effective February /, 1882
Crosley Radio net income, 9 months
! to December 81, S2l ,l66, equal to 4
! cents a common share, VS.. deficit
| S445, ,958
Durant Motors, Inc.-Equity receiver
! appointed for company by Fedora
Court, Detroit Mich.
Minneapolis g. St Louis Railroad
| December net operating deficit, 1897
Us. deficit, $36,744; II months, net op'
Grating income, $11l,706 VS.. income
! S546,695.
New England Public Service Decem'
ber electric output, including new com
panieS, up 2.04 per cent, IL months ur
1919 per cent
New York Telephone December gross
off 0.9 per cent, operating income up IL
per cent; IL months gross of 0.o pei
cent, operating income up Is per cent