Evening star., 1933-12-31
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK. December 30.-Follow-
ing is today's summary Of corporation
news prepared by Standard Statistics
Co, Inc, New York:
Detroit Aircraft Co., Inc-Received
contract from Pan-American Airways
Corporation for SIX multi-motored air
liners.
Lockheed Aircraft Corporation-Re-
Ceived a contract from Pan American
AirWayS Corporation for six multi
motored air liners.
United Aircraft & transport Corpo-
ration-Revenue carried by United Air
Lines. IL months ended November 80,
totaled 1l9,274. VS.. 1850 in 1882
period; subsidiary, National Air Trans
port Inc, declared an initial dividend
of $3.50 on $4,000 shares. 90 per cent
of which are held by United Aircraft.
Consolidated Aircraft Corporation
Has increased wages and salaries of
employees and executives 10 per cent.
Midland Steel Products Co.-Declared
q dividend Of 81 on 8 per cent cumula.
tive preferred stock; it was stated that
accumulation OF like amount from Oc-
tober /, 1893. dividend and 81 on dis
bursement due in January. 1894; on
October l. 1888, a dividend of So was
paid on 8 per cent preferred stock, 81
Of which was applied on accumulations.
Equitable Office Building Corporation
Common share earning, months
ended october 81, were 81 cents, vs. 70
cents
Beatrice Creamery Co.-Net income
before subsidiary preferred dividends
and after S270 coo inventory reserve,
in 8 months ended September 80, was
S255 .609.
Debenhams Securities, Ltd-Net in
come. year ended September 80, was
1851, VS.. G616.
Commercial Credit Co. common share
earnings, before subsidiary preferred
dividends and minority interest. II
months ended November 80, were 81 26.
Ann ArbOr R. R.-Receivers stated
that in view of their cash position no
provision has been made for payment
of January l, 1884, interest on first
mortgage bonds, maturing 1895; it is
hoped that provision for this payment
will be made within the six months
grace period; court authorized receivers
to meet amounts due on equipment
issues.
Colorado e. Southern Ry November
net operating income, S432, ,708, vs. S408,-
$40; II months, Sl,638,539, VS.. $780,
426.
Pennsylvania r. R.-P. w. a. has
signed a contract with company under
which it will lend to latter S77OO0,OO0,
of which S45 COO 900 will be used in
completing electrifcaticn of Whining
Washington line and s32,000,000 for
new equipment
Wabash Ry-Receivers have arranged
for payment of warrants for interest
on dividends due January l, 1884, on
stamped equipment trust certificates,
series c.
Childs Co. has obtainsd licenses from
New York Alcohol Beverage Control
Board for retail sale Of wine at IL more
restaurants.
Industrial Rayon Corporation de-
clared regular quarterly dividend of 81
on common stock.
Associated Gas e. Electric Co-Elec-
trlc output of system for week ended
December 23 increased 7 per cent over
like week of 1882; gas output for the
week decrea9d "a per cent from same
week in 1892.
Interborough Rapid Transit Co. def
cit before Manhattan Ry. 5 per cent
dividend five months ended November
30 was Sl055 .089, VS.. deficit ST 1913 $50
Louisville Gas & Electric Co. del }
net income before subsidiary preferred
dividends u months ended November
80 was s2,985,348, VS.. S3,o69,693