Evening star., 1933-03-29
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, March 2s-Following
is today's summary Of corporation news
prepared by Standard Statistics Co.,
Inc, New York, for the Associated
Press:
Automobiles and Trucks
Studebaker ration-Working
force now totals about 1000, or around
one-third number employed prior to
the bank holiday. In seven days ended
March 26 company received orders for
900 automobiles.
Automobile Parts and Tires.
Briggs Manufacturing Co.-Dagenham,
England, plant of Briggs Body. Ltd,
subsidiary, has been forced to suspend
operations as result OF strike which
closed adjacent factory Of Ford Motor
Co., Ltd.
Firestone Tire & Rubber Co. to meet
tire price reductions made by other con-
Germs. Company does not plan to dis
continue any lines.
Houdaille Hershey Corporation-1932
deficit s640,523 VS.. net income SIG, ,09l
Kekey-Hayes Wheel Corporation
Plant at Dagenham, England, has sus-
pended operations because Of strike
which closed the adjacent factory of
Ford Motor Co.. Ltd.
Building, Real Estate and Related Lines.
Yale g. Towne Manufacturing 1882
deficit, $780,222, VS.. deficit $726,250.
Food Products.
Hershey Chocolate Corporation de-
clared quarterly dividend Of rs cents on
common stock; previously $l.25 was
paid quarterly on this issue.
Penick & Ford, Ltd, president states
earnings of company for first quarter
Of 1888 would be- fully equal to those
Of the like 1882 period: in quarter
ended March 81. 1882, company earned
A cents on 400, 900 common shares out
standing, before Federal taxes.
Household Products.
American Ice Co. stockholders ap-
proved reduction in authorized pre-
fered stock from 15o, 900 to 100000
shares, in common stock from 600, 900
to 100000, and in stated value Of COM
mon stock from $25 to IS a share;
later step will result in a $11 zoe, 900
credit to surplus; pay rolls Of company
this year will be reduced 100000 as
compared with 1882.
Kelvinator Corporation-Compan Is
marketing beer-cooling equipment.
Leather and Shoes.
American Hide g. Leather Co. net in
come excluding Federal tax adjustment
for prior years in SO weeks ended March
4. was $313,709 VS.. deficit Of $245, 5,654
in corresponding period.
Machinery.
uya,,kocho nHoSor ~ has 4
orders for 800 engines; plant capacity
to IS per cent.
Metals mon -ferrous).
Aluminium Co. of America-March
tonnage OF Of company largest since oc-
Miscellaneous.
American Can Co. declared regular
quarterly dividend 81 on common stock.
Asbestos Corporation. Ltd, 1882 deficit
Sill, ,397 VS.. deficit $879,5e0.
Oil.
Atlantic Refining Co. advanced tank
wagon and service station prices Of
gasoline y cent to cent a gallon in
Philadelphia, Pittsburgh and Whining
ton; also met mark-up Of Standard Oil
Co. of New York in New England States.
Pan-American Petroleum 4 Transport
Co. stockholders approved reorganiza-
ton plan providing for consolidation of
Southern subsidiaries, changing COM
mon and common stock into common
stock Of single class Of IS par value;
distribution to present common or COM
mon B stockholders of stock of new
subsidiary on basis of one share for each
share held; acquisition by company
of remaining so per cent interest in
American Oil Co.; the 250.000 shares
of Pan-American preferred, none Of
which is outstanding, will be eliminated