Evening star., 1933-03-02
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, March 2.-Followng is
today's summary of corporation news
prepared by Standard Statistics Co.,
Inc, New York, for the Associated
Press:
Automobiles and Trucks.
General Motors orporation-Num-
ber of employees Of company increased
by 2,917 during January, bringing in
creases in past five months to 29,293;
Chevrolet's March production schedule
calls for $4,000 cars.
Automobile Parts and Tires.
Motor Wheel Corporation proposes to
change stock from no-par to SIS par re-
ducing stated value from 100000 to
s5, 100000
Young IL. A. Spring g. Wire Co.
1882 deficit was sl96,223 VS.. net income
S521, ,728.
Building, Real Estate and Related Lines
Johns -Manville Corporation passed
quarterly dividend of SITS on preferred
stock
U. S. Gypsum Co. declared dividend
viously 40 cents a share was paid quar-
terly.
Electrical Equipment and Radio.
Cutler Hammer, Inc, 1882 deficit
s738110 VS.. deficit s5O1, ,o19
Electric Storage Battery Co. 1882
common share earnings s1.39 VS.. S3.05,
Western Electric Co., Inc, an
nounced reduction of 1U per cent in
pay of all employees, effective April l.
uousehold products
Brillo Manufacturing 1882 common
share earnings 80 cents VS.. S1.40.
Leather and Shoes.
International Shoe Co.-Company is
retiring $4,000 shares Of 6 per cent
cumulative preferred stock, par Sl00
at $105 a share.
Metals (Non-Ferrous).
Mohawk Mining Co. 1882 deficit
S268,161 VS.. deficit s9,513.
Humble Oil & Refining Co. cut
prices of Panhandle crude oil cents
to IL cents barrel
Standard OIL Co. of Ohio advanced
prices OF all grades of gasoline cent
a gallon throughout It's territory.
Railroad and Railroad Equipment.
Chicago. Indianapolis & Louisville
Railway January net operating deflclt
$50 '5e9 VS.. deficit Of $29,357.
Chicago, Rock Island & Pacific Rail
way 1882 deficit was S9,956,8OO VS..
deficit 1886, 6,545.
Florida East Coast Railway January
net operating income s154,l56 VS.. s175,-
276 in January, 1882.
General Steel Castings Corporation
1882 deficit s2,519,713 VS.. deficit $3,-
006,118.
Missouri Pacific Railroad January net
operating income 1921 ,O98 VS.: S32o,229.
Norfolk Southern Railroad January
net operating deficit s9S,91o VS.. net
deficit $75.0l6 year ago.
Retail Trade.
Mcclellan Stores Co.-Report of trus-
tee IN bankruptcy for company states
that four stores of company have been
closed and that II more are about to
be discontinued.
Penny q. c. Co. declared a quart
erly dividend of 80 cents on common
stock; formerly paid As cents quarterly.
Theaters, Etc.
Loew's Inc. declared a dividend Of
paid rs cents quarterly.
Utilities.
American Water Works & Electric
Co. 1882 common share earnings. SLAP
VS.. $3.50.
Continental Gas & Electric Corpora
ton declared dividend Of SIPS on COM
mon stock; on January 2, quarterly Of
S1.10 and an extra dividend OF $1.80 a
share were paid.
Federal Light & Traction Co.-Action
on common dividend postponed until
March meeting; on January 4, paid
Is cents in cash and per cent In
stock.
Middle West Utilities Co.--Banks and
other creditors of company have agreed
to reduce interest on collateral loans
to 4 per cent from previous rate OF ST
per cent, cutting charge by $273,o00 an
nually.
Milwaukee Electric Railway & Light
Co 1882 combined preferred share earn
ings, S6.41 VS.. S12.88.
West Penn Electric Co. 1882 class "a
share earnings, $35.72 VS.. $64.96.
Wisconsin Power & Light Co. declar-
ed dividends of 81 share on per cent
cumulative preferred stock and $l.1623
on z per cent cumulative preferred
stocks; payment of dividends is subject
to approval Of afproposed reduction OF