Evening star., 1932-09-23
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, september 23.-1he toI-
lowing is today's summary of corpora
tion news prepared by Standard Sta
tistics Co., Inc, New York, for the
Associated Press.
Automobiles and Trucks.
Continental Motors Corporation, sub
sidiary Continental-De Vaux, to intro
duce a new line of low priced cars be-
fore end Of 1882.
Food Products.
General Foods Corporation earnings
in quarter ending September 80 are ex-
pected to exceed dividend requirements
of so cents share. Tonnage and
dollar sales in year to date reported
ahead of 1881.
Standard Brands, Inc.-Improvement
in sales in August over July has con-
tinued to date. with business transacted
thus far in September already equal
ing entire August volume; inventory
position is said to be good, company
having acquired at low prices con-
siderable stock of commodities.
Household Products.
Singer Manufacturing-Sh re-
ported off about 40 per cent in first
six months; production currently is at
less than 25 per cent of capacity.
Metals Mon -Ferrous).
United States Smelling. Refining &
Mining Co. common share earnings,
eight months. ended August 81, 10
cents vs. 10 cents
Miscellaneous.
Liquid Carbonic Corporation passed
quarterly dividend on capital stock;
paid 25 cents on August l.
Office and Business Equipment.
Smith q. c. g. Corona Typewriters.
cent above August.
Railroad and Railroad Equipment.
Canadian Pacific Railway reduces
salaries of officials 10 to Is per cent
further; in 1881 salaries of officers and
employees were cut 10 per cent.
Illinois Central Railroad August op-
Grating income estimated at over $780,
900 VS.. s6l7,0O0 in July and $l,422,UO0
in August. 1881: eight-month totals are
around s6,35O,000 VS.. S5,931, ,447 in 1881
period.
New York. Chicago g. ST. Louis deficit,
eight months ended August 81, S3,433,-
$50 VS.. net income S838,136.
Seaboard Air Line Railway. c. c.
refuses to sanction r. F. c. loan OF
s3,O00,000 to the receivers of COM
pany; holds that receivers have sufi-
cient cash to meet more pressing claims.
Wabash Ry-Court sanctions issu-
Of
half of amount will be given to R. F. c.
for a loan with which to pay off bank
loans and remainder will be issued to
banks as security for unliquidated loans.
Western Maryland Ry. first preferred
share earnings eight months ended Au-
gust 81 As cents, VS.. $3.70.
Shipping and Shipbuilding.
American Shipbuilding Co. presi-
dent states that no further dividends
can be paid on per cent non-cumula-
tive preferred stock until earned.
Tobacco.
American Sumatra Tobacco deficit
year ended July 81 1851 $50, VS.. deficit
s17o,481.
~ Utilities.
Cities Service Co. gross revenues II
months ended August 81 of 1863 per
cent; net after interest, etc., but before
reserves was off 21.5 per cent.
General Water Works & Electric Cor
poration-Receivers appointed for COM
pany at Wilmington, Del.
Telephone Bond & Share net Income
six months ended June 80 $286, $50, VS..
$483, $40.
Twin City Rapid Transit Co. proposes
to change par value of common stock
to no par from $100 and reduce stated
capital to $11 1,000, 900 from $4,000, 900;
road and equipment assets to be re-
duced about $2,600,000 because Of
abandonment of certain properties. .