Evening star., 1932-01-25
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, January 25.-The fol-
lowing is q summary of important cor
poration news prepared by the Stand
ard Statistics Co., Inc, New York, for
the Associated Press.
News Trend.
After showing a considerable amount
Of stability in the early part Of the
week, the stock market turned down.
ward on Friday. This reaction was led
by the rails, whose weakness was at
tributed to the disappointing results, to
date, Of the Chicago Wage Conference.
The action of the stock market as in
dicated by our price index for 80 stocks
showed decline of Al points dropping
from 693 on January is to $50 on
January %.
Steel operations continued their
gradual upward trend, mostly due to
increased specifications from the auto
mobile industry. According to the Dow,
Jones g. Co. estimate, ingot production
in the week ended January l8, rose to
26 per cent Of capacity from 25 per
cent reported for the previous week and
% per cent two weeks ago.
Automobile production increased
slightly during the week ended jan
| uary l6, and although the rise was less
than the seasonal amount it was ac-
complished without the aid of Ford
which would indicate that the re-
mainder of the industry was operating
at higher levels.
Electric output registered a sizeable
drop, declinging Ct per cent from the
corresponding week of last year This
lie in
beginning Of the current depression, the
other occurring in January, 1881. A
further decline in industrial con-
sumption was the principal cause with
ABNORMAL weather contributing
factor.
A decline Of 40750 barrels in the
daily average crude oil production was
| reported for the week ended January
| l6. Output is now running about 30
| 900 barrels in excess of the daily rate
! recommended for January by the
! American Petroleum Institute. Interest
in the oil industry is centered in East
| Texas, where suit to declare illega
| restriction of that districts output BY
| martial law is pending. Should the
case be decided adversely, output woult
| probably by increased, although the
major producers realizing the danger
of such action, will probably exert ever.
! effort to maintain rigid curtallment.
The Companies.
| Amoskeag Manufacturing reported
seeking to make additional wage cut.
Electric Storage Battery-No change
expected in 81 quarterly dividend rate
reported tax refunds this year vii
J probably total $2,40O,000
New York, Chicago & st. Louis Rail
road 1881 deficit, $2l0,4l2, VS.. net in
come, 81 1896, TAB, equal to 1858 com
mon share.
Pittsburgh Terminal Coal cuts wage
10 per cent.
Superheater Co. 1881 common shar
| earnings, Al cents, VS.. 1919.
Maytag Co.-Newton plant operating
at rs per cent Of capacity.
Midland United Co.-Ccurt asked +
set aside sale of Indianapolis & North
western Traction Co. to this company
sale price termed inadequate.
New York, Ontario & Western Rail
way December net operating income
sl23 378, against SI6,580; u month!
$1l 1863 1853, against S8a3, ,267.
Public Service OF Indiana-FateS or
dered reduced; estimated will cut reve
nues about $427,765 annually
Wisconsin Central Railway Decembe
deficit after charges, 1862 $50, agains
deficit, 1892 ,498; IL months defici
s2,952,97l, against deficit, S2,2S7,369
Great Lakes Dredge g. Dock declare