Evening star., 1932-11-16
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

LEADING ORGANIZATIONS.
NEW YORK. November 16.-Follow-
ing Is today's summary Of corporation
news prepared by Standard Statistics
Co., Inc, New York, for the Associated
Press:
Advertising, Printing, Publishing.
General outdoor advertising deficit
697, $50 VS.. deficit $861,477.
Aircraft.
Pan-American Airways Corporation
Passengers carried by company be-
tween United States and Latin Ameri-
ca n1f1rst nine months of 1882 totalec
7,342, an increase of 20 per cent ovel
1881 period; air mail totaled 1,729,71
pounds, an increase Of 29.1 per cent
over 1881 period.
Automobiles and Trucks.
Studebaker Corporation retail deliv-
cries of Studebaker passenger cars anc
trucks in October, 1882, exceeded Sep
tember by 4.3 per cent and were better
than 10-year seasonal trend.
Automobile Parts and Tires.
Murray Corporation of America def.
cit, nine months ended September 80
$1,431, 1857 VS.. deficit $517,767.
Building, Real Estate, Related Lines.
General Asphalt Co. deficit, 1:
months ended September 80, $3.50, AS:
VS.. net income $222,616.
Electrical Equipment and Radio.
Radio Corporation Of America-Tria
of antitrust action against coInpan!
! and several other concerns has beer
demands are said to be substantially
involved.
Food Products.
Canada Dry Ginger Ale, Inc, prepar.
ing to handle domestic light wines II
event their sale is legaized; president
expects modification of Volstead act o.
repeal will have very little effect OF
sales of soft beverages for mixing
purposes.
Pet Milk Co.-Directors' meeting 70
action on preferred dividend has beer
postponed to November % for lack o
quorum; last payment on preferred wa
$1.75, made october l.
Investment Trusts.
Fourth National Investors net asses
values November IL, $3.50 a common
share VS.. $2622 on September 80. 1882
Second National Investors net asse
values November IL $53.35 SIS cumu'
lative preferred share VS.. $54.78 on Sep
tember 80, 1882.
Third National Investors net asse
value November IL $28.83 a common
share VS.. $21.39 on September 80, 1882
Leather and Shoes.
Florsheim Shoe Co.-LoSs Of abou
100000 indicated for year ended Oc
tober 81; chairman states profits Is pos
sible with 10 to Is per cent increas
in unit volume.
Machinery.
Mergenthaler Linotype Co. declare
a dividend Of 40 cents; on Septembe
80 paid IS cents q share.
Paper and Paper Products.
Abitibi Power g. Paper Co., Ltd
Receiver states that an effort Will b
made to reorganize company.
| Railroad and Railroad Equipment.
Alabama Great Southern Railroa
deficit, nine months ended Septemoe
| 30, S4l4,O72 VS.. net income $685., ,438.
New York, Chicago & st. Louis Rail
road-About 81 per cent OF notes De
posted or promised under read1ust
ment plan.
Reading Co-First preferred shar
earnings, nine months ended Septem
Der 80, $378 VS.. 81.
Southern Railway deficit, nine month
ended September 30, $1o,182,884 VI
deficit $3,761,316.
| Retail Trade.
Kobacker Stores. Inc. resumed quar-
terIv dividends on preferred STOCK VIII
declaration of SITS; last previous ols
tribIItion on preferred was Sl.T5 O
December /, 1891. s,,,,
Newberry q. J.) Co. declared DIV
dend Of 25 cents; previously PAID ~
cents quarterly.
Walgreen Co. common share earning
before subsidiary preferred divloeno'
wear ended September 80, $l'14' VI
S2.05.
Textiles.
Holeproof Hosiery Co. marked u
prices of lightweight hosiery lines L
cents a dozen.
Theaters, Etc.
Pathe Exchange, Inc, preferred snar!
earnings, SO weeks ended OCTOBER
$3.84.
Utilities.
Columbia Gas & Electric Corporatoi
common share earnings, IL month
ended September 80, $l.04,I VS.. $l.oz.
| Detroit Edison Co.-Companys an
swer to city's rate reduction plea as
serted that production costs have In
creased and that it was not earning IAN
returns.
General Gas g. Electric Corporation
Meeting of directors to consider pay
ment Of dividends was adjourned De
cause of lack OF quorum.
Pacific Gas g. Electric Co.-Cali1ornii
Railroad Commission conoltlonalI.
sanctioned company's purchase OF "a
cific Public Service Co. from Standar'
OIL of California and Pacific Lighting
Corporation; principal conditions In
volved certain accounting changes ant
protection Of Pacific Public Servic
stock against new stock issues.
Philadelphia Rapid Transit Co.-Spe
cial counsel sets company's loss iron
operation of taxicabs over past tnre'
years at 81, 100 900.