Evening star., 1932-01-12
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, January 12.-The fol-
lowing is a summary of important cor
poration news prepared by the Standard
Statistics Co. Inc, New York, for the
Associated Press:
News Trend.
Automobile production gain showed
an increase, rising to 80, IT'S cars and
trucks in the week ended January 9,
according to Grams automotive reports.
This compares with 1882 units in the
previous week and 41,874 units in the
corresponding week of last year. 1t was
reported that the Ford Motor Co. started
production on its 1882 four cylinder car
at the rate of 800 cars day, which
will be gradually increased to 1000 units
daily. With this resumption there are
now only four companies that are not
operating on regular schedules.
The Companies.
Revere Copper & Brass-Advances
copper and brass prices IA cent and 1s
cent pound, respectively.
Sinclair Consolidated Oil-Negotia-
tions completed for merger of company
with Prairie Oil & Gas and Prairie Pipe
Line; proposed terms submitted to di-
rectors.
Southern Union Gas takes no action
on common class A and preferred divi-
dendS; paid 2 per cent in common stock
on common, so cents on class A and
4334 cents each on 7 per cent and S1.75
cumulative preferred on october l, 1881.
Allegheny Steel-No. plant resumes
operations after months idleness.
American Telephone & Telegraph re-
ar n
planned at this time.
Central States Utilities net income, be
fore depreciation and Federal taxes, II
months to September 80, $23,88l, VS..
$131, ,452.
Chesapeake & Ohio Railway, together
with Erie, Pere Marquette and New
York Chicago & st. Louis, allowed to
reduce rates on commodity freight in
naked car loads to destinations in Cen
trail Freight Association territory as
move against motor truck competition.
Chicago, Milwaukee, st. Paul & Pa
cific December preliminary net operat-
ing income off 10 per cent; IL months,
off SO per cent
Consolidated Retail Stores December
sales off II per cent, II months off
1872 per cent.
Cord Corporation, Lyconing Mfg,
subsidiary, obtained orders totaling
S675,000 for aircraft engines during De-
cember VS.. $155,000 year previous; latter
offering new straight-eight motor.
CroSley Radio starts manufacture OF
electrical refrigerator; to sell below
prices of other electrical units on the
market.
Cutler-H Hammer, Inc, net shipments
3 months to December l, 1881, $780,
538, VS.. $1,937,178; IL months, S5,907,-
800, VS.. $9,342,899
General Gable advanced price of bare
copper wire in carload lots "a cent
pound to ga cents; weather proofed
cable advanced to 1913 cents pound
Indianapolis Power g. Light net in
come, before depreciation and Federal
taxes, II months to September 80, $3,-
443,003, VS.. $3,432, ,485.
Interstate Power net income, before
depreciation and income tax, year ended
September 80, 81 ,337,7l3, VS.. S1,463,333
Packard Motor Car introduces new
light 8, revives twin 6; has four COM
plete lines, with Al body models, IN
addition to custom cars.
Pressed Steel Car received 100000
order for $50 hopper gondola cars from
Northern Pacific Railway.
Yellow Truck g. Coach Manufacturing
November sales of c. M. C. Truck, sub
o4N4RiJ dP 10 PCI kCIIb.
AlliS-Chalmers Manufacturing acquires
equipment of BirdSell Glover Hulling
Manufacturing Co. of South Bend, Ind;
also negotiating for acquisition of an
other company.
Motor Wheel operations 800 per cent
greater than at any time in past six
months; orders on hand for demount-
able, wooden wheels about 10000 greater
than year ago.
National Bellas Hess-Reported PLAN
ming to institute drastic economies;
further liquidation of inventories ap-
proved.
Pittsburgh Terminal Coal-No. 4
Horning miners strike against wage cut.
Railway & Utilities investing net
asset value December 81, 1881, $1599 a
combined preferred share VS.. $5497
June 30 1881.
Republic Steel-Niles plant resumes;
substantial amount of orders received
in past few days.
Rice-stix Dry Goods deficit year
ended November 80, S309,092 VS.. deficit
$8OO8O.
Sharon Steel Hoop-Operations in
creased to SO per cent of capacity.
West Virginia Pulp & Paper Sc pre-
ferred share earnings, year ended Octo-
Der 80, $567 vs., $20.56.
Anaconda Copper Mining subsidiary.
American Brass, increases prices brass
and copper products, Is cent and Il
cent a pound, respectively.
Associated Gas and Electric December
electric output of system up 0.4 per cent
II months up 81 per cent December
gas output off 11.2 per cent; IL months
off 80 per cent; II months water sales
up 8.3 per cent.
Community Power & Light-Profit of
company and subsidiaries II months to
November 80, 1891, was 81 1,045, 1877, be-
fore depreciation and Federal taxes
Howe Sound-Copper output cut to
about 100000 pounds annually.