Evening star., 1932-12-09
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, December 9.-The fol-
lowing is ,today's summary of corpora
ton news prepared by Standard Sta
tistics Co.. Inc, New York, for the As
sociated Press.
Automobile Parts and Tires.
Goodyear Tire & Rubber Co.-Com-
pany is employing $4,000 persons; 16,-
900 at Akron plant.
Stewart Warner Corp - Company's
brakes adopted for 1888 models of
Pierce-Arrow Motor Car Co.
Food Products.
Corn Products Refining Co.-Direc-
tors expected to declare regular quarterly
dividend Of rs cents.
Aircraft.
Aviation Corporation-E. L. Cord is
reported to have purchased Martz New
York-Buffalo Air Line and to be nego-
tiating for large interest in Northwest
AirwayS, Inc.
Electrical Equipment and Radio.
General Electric Co.-To distribute
holdings of Radio Corporation of Amer
lea common stock to common stock
holders of record December 16 in ratio
of one share R. c. A. stock for each
six shares of General Electric cons
mon stock held.
Food Products.
Continental Baking Corporation de-
clared a dividend of 81 on preferred
stock; in two preceding quarters divi-
ferred stock, prior to which regular
quarterly disbursements of 50 were
made.
Southwest Dairy Products Co.-Com-
pany has consented to appointment of
receivers as necessary step in bringing
about and perfecting a proper reor-
ganization.
Household Products.
Bigelow-Sanford Carpet Co. to close
its Clinton mill and concentrate pro-
duction in Amsterdam and Thompson
vile plants.
Miscellaneous.
Plymouth Cordage Co. deficit, year
ended September 80, $232,627 VS.. net
income, s24,857.
Office and Business Equipment.
National Cash Register Cooperating
expenses of company were reduced more
than S2,000000 during current year,
most of which will be permanent 1t IS
said. Operations for the final quarter
are expected to result in deficit.
Oil.
North American Oil Consolidated
Directors to be asked to consider re-
Sumption of dividend at their meeting
in January. 1888. 1t is believed rate
of 5 cents month will be considered.
Socony-Vacuum Corporation, sub
sidiary Standard Oil of New York, ad-
yanced tank wagon price OF Kerosene
cent a gallon in several sections OF its
territory.
Railroad and Railroad Equipment.
Chicago. Burlington & Quincy Rail-
road-November operations resulted In
profit after all charges. Figure was less
than that Of year ago.
Southern Pacific Co. reduced It's pas
senger train mileage more than 3,O00,-
600 miles in first nine months, COM
pared with like 1881 period.
Retail Trade.
Great Atlantic g. Pacific Tea Co. dol
lar sales four weeks ended November
26, off 1873 per cent; 80 weeks, off 14.3
per cent; tonnage sales, four weeks
80 weeks. off Al per cent
First National Stores Inc. sales, four
weeks ended November rs, off 2.7
per cent.
Interstate Department Stores Novem-
ber sales off Sc per cent; IL months,
off 1879 per cent.
Sears, Roebuck & Co. sales, four
weeks ended December 8. off 15.7 per
cent; 48 weeks, off 1876 per cent.
Krogery Grocery & Baking Co.-Sales,
four weeks ended December 3, of 8
per cent; 48 weeks off 13:l per cent;
average number of stores in operation
off % per cent from 1881 period.
Oppenheim, Collins g. Co.-Sales,
three months ended october 81, off
1922 per cent.
American Telephone & Telegraph Co.
Associated Bell System companies mad
a net loss of about 100000 telephones
in November, VS.. 10000 in october,
1882; October earnings report to I. c. c.
covering operating activities shows gross
revenues for the month 20.7 per cent
below 1881 period while operating in
come was off 32.1 per cent; 10 months
gross of IT'S per cent, operating income
off 365 per cent.
American Water Works &, Electric
Co.-Subsidiary, Atlantic County Wa
ter Co., reduced its rates Is per cent,
effective January /, 1888.
National Electric Power Co.-Maln
principles of a new organization plan
are reported to have been drawn up for
company and National Public Service |
Corporation, a subsidiary; r. F. c. de-
nies report that receivers for Middle |
West Utilities were negotiating with 1t