Evening star., 1932-02-08
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, February 8-The fol-
lowing summary of important corpora
tion news prepared by the Standard
Statistics Co., Inc, New York, for the
Associated Press:
Weekly News Review.
With light trading in evidence. the
stock market showed little change the
first four days of last week. On Fri
day, it declined rather sharply, evi-
IDENTIFY cue to the increase of $4,000
600 in money in circulation at time
when an official drive against boarding
is being launched. For the entire week
the market actually declined very lit
tle our price index for 80 stocks drop
ping from 626 on January 80 to 6l.8
on February ), decrease of 0.8 point.
Although prices we're quite stable,
the bond market lacked a definite
trend. Attention centered around the
lower grade rails in view of the rail-
road unions acceptance Of the 10 per
cent wage cut. Industrials were fea-
tureless, while in the foreign group the
Australian and japanese obligations
f1uctuated widely.
Revenue freight car loadings for the
week ended January % totaled 562 1888
cars. a decline of l8 per cent from the
previous week, and 2l3 per cent below
the corresponding week OF last year.
The largest decreases were reported IN
coal and miscellaneous freight. Whlle
coke and live stock loadings declined
in lesser degree.
With the purchasing instlgated by
the introduction of new models waning
and Spring buying not yet evidenced,
the motor industry is passing through
a period of quietude. Actual production
in the week ended January 80, accord
ing to Grams Automovtive Reports de-
clined slightly, dropping to 28,950 cars
and trucks from 2e,833 units in the
previous week
Steel operations failed to continue the
gradual improvement which has oeen
in progress since the low levels OF De-
ceunbor In the week ended February l
ingot production was at shghiIy peio" '
POL per cent of capacity. which COM
mares with a fraction over 2S per cent
of capacity in the previous week. ms
setback is generally believed to be cnly
temporary and a continuation OF the
gradual upswing is looked for.
Although electric output for the week
ended January 80 was considerably De-
low the like week of last year. the com-
harrison was better than has been VIII
Messed in some time. According TO Inc
National Electric Light ASSOCIATION.
electric power production was 90 per
cent below the corresponding week ol
1881. while the decline In the previous
week was 81 PEI cent.
The Companies.
Connecticut Power 1881 common
ehare earnings 50 93. VS.. S2.84 cream
Of Wheat Corporation 1881 common
share earnings S272. vs.. S3ll; HART
ford Electric Light 1881 common snare
earnings. S3l2 VS.. s3.l8.
American Express Co. 1881 common
share earnings. S6.12. VS.. s7.21- Bunalo
& Susouehanna Railroad December net
operating deficit. $500. VS. net operat-
ing income s57,763; u months net
operating income. s323.892, vs.. net
operating income. s473.O84.
Chesapeake & Ohio Railway. ~ pc
cent wage cut saving estimated at
around s4.OO0000 for year.
General Gas g. Electric takes no
action on quarterly class B" dividend,
declared usual stock dividend on class
IA stock. s
Kress. S. L. g. Co.. January sales on
% per cent. Kroger Grocery q BAKING
sales. weeks ended January 81, on
l31 per cent: average number stores III
operation off 81 per cent.
Pere Marquette Railway savings from
10 per cent wage cut estlmateo aV
81 100000 for year.
Union Pacific Railroad-Clerical.
shop and maintenance workers accept
10 per cent wage cut.
Waldorf System January sales of 5.4
per cent.
Irving Air Chute 1881 common share
earnings, 81 cents, against Sl.15.
Norfolk & Western Railway-Pay OF
officers and employees cut 10 per cent.
Borg-Warner Corporation-January
shipments of Norge Corporation, 100 per
cent above January, 1881.
Kaybee Stores January sales off 15.5
per cent.
Lima Locomotive Works-Unfilled or
ders, January /, 1882, were s1.2l5,425,
against 81 O46.88 January l, 1881.
Mckee (Arthur CD & Co.-Gets ST.
600 600 contract with DiStillaZione 1tal-
lana Conbustibili, S. A.
Sioux City Gas & Electric 1881 net
income before depreciation, s1,23S,oso.
against s1,213,355.
Bethlehem Steel-subsidiary gets order
for 80 multiple-unit cars from Read
ing Co.
year ended January 2, 1882, s4oI,
against $500 in year ended December
q, 1880.
Standard Oil (NebraSka) 1881 COM
mon share earnings S130, against 1921.
American, British g. Continental
Corporation net asset value. December
81, 1881, S19.70 a preferred share,
against s8l SO December 81. 1890
Bendix aviation has acquired inter-
est in Peerless Motor Car Corporation.
Goodyear T. & R. 1881 net income
SIS. asa, O46, against S9,9l2,233.
Lima Locomotive works 1881 deficit
s1.4l4.l28, against net income $780,
3l3, equal to S7.l8 a common share.