Evening star., 1932-10-03
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, october 3.-The follow
ing is today's summary Of important
corporation news prepared by Standard
Statistics Co. Inc, New York. for the
Associated Press:
Automobiles and Trucks.
General Motors Corporation-Frigid-
aIre Corporation has reduced prices Of
three higher priced household units l3
psT cent to l6 per cent.
Hudson Motor Car Co.-Sales in past
seven weeks exceeded those of like 1881
period; in week ended September "a
gain over 1881 period was 1877 per cent.
Automobile Parts and Tires.
Dunlop Rubber Co. Ltd-Cuts tire
prices ranging from 10 to 30 per cent
Goodyear Tire g. Rubber Co.-British
subsidiary cuts tire prices ranging from
3 shillings 6 pence to 10 shillings 6
pence.
Motor Wheel Corporation.-Sales of
heater division increased So per cent in
first eight months.
Chemicals and Fertilizers.
Monsanto Chemical Works.-Sales in
cent above like period of July and 8
per cent under same period a year ago
Metals (Nonferrous).
Magma Copper Corporation. - Re-
sumed work at its mine after three
months shutdown; employing 800 men
on half-time schedule
Miscellaneous.
ton. 49, stockholders offered rights to
subscribe to additional stock in ratio of
one new share for each 10 shares held,
proceeds from sale would be used to
eliminate s1,50000o notes payable in
CURED in connection with purchase of
business of John Wyeth & Bro; total
offering of 61.100 shares has been un-
derwritten by New York bankers.
Texas Railroad Commission has is
sued an order reducing East Texas daily
allowable output to A barrels per well
from Sc barrels.
Railroad and Railroad Equipment.
Revenue freight car loadings in week
ended September "a totaled SOS, TAG cars,
an increase of 8.444 cars over previous
week, but 142.290 cars below like 1891
week, according to American Railway
Association.
Chicago g. Northwestern.-I c. C. ap-
proves loan of $l2,46l $50 to company
by r. F. c., proceeds of which would be
used to repay a part of bank loans and
to meet fixed interest charges and GER
tain maturities; condition attached to
approval order required that banks
agree to extend remainder of loans to
maturity date not earlier than that OF
the loan
International Railways of Central
America August gross income, s87.985
VS.. s77,245; eight months gross was
sl391.216 VS.. S1,606,451
Missouri-Pacific r. R.-Notes and
bank loans due October totaling
Sll, 100000 extended for one year
Retail Trade.
Kaufman Department Stores omit
ted quarterly dividend on common stock:
paid 20 cents on July 28
Peoples Drug Stores August sales off
1872 per cent; eight months of 6.3
per cent
Waldorf System, Inc, August sales off
1853 per cent; eight months of S.3 per
cent.
Steel and Iron.
Bethlehem Steel Corporation. Board
of Seneca Iron g. Steel Co. approves
sale Of property of that company to this
concern: purchase of Seneca assets to
be consummated through transfer of
stock
Republic Steel Corporation has taken
of another open hearth furnace at
Youngstown plant, reducing its active
furnaces there to two of Is available.
Sloss- Sheffield Steel & Iron Core
calls 500 employees in Birmingham dis
trict; pig iron output to be increased by
$50 to 400 tons daily.
Textiles.
Canadian Cottons, Ltd-Operating
around so per cent. about same rate as
year ago.
Utilities.
Interborough Rapid Transit Co.-Oc-
tober l interest on consolidated mort
gage bonds of Manhattan Railway was
not Maid on due date