Evening star., 1933-09-18
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK. September 18.-Follow-
Ing is today's summary OF corporation
news prepared by Standard Statistics
Co, Inc, New York, for the Associated
Press:
Peerless Motor Car Corporation def
cit, nine months ended June 3O was
$55, ,558 VS.. deficit of Sl55, 1888
Goodyear Tire & Rubber Co.-Pres-
ldent said September production sched-
Tile OF company shows less than usual
drop from peak level Average hourly
earnings in company's factories during
September Is 3 cents per hour higher
than average for last April and equal
to average for 1929.
Crosiey Radio Corporation Company
Is producing about $500 radio sets
daily and plans to increase daily out
put to more than 5000 units. Backlog
of untitled orders calls for about 80 900
sets.
Flour Mills of America. Inc, de-
clared dividend of 50 on account of
accumulatiors and regular quarterly
dividend OF 81 and SO preferred stock
Link-Belt Co-Net loss of about
s107,745 suffered by company for seven
months ended July 81 is believed to
have been practically eliminated by
August profits.
American Metal Co.. Ltd-Manage-
ment announced that opposition to the
plan to borrow 5000, 900 to meet note
issue maturing April l, 1884. has been
removed ty limitation placed on the
plan.
Commercial Credit Co.-Company
granted chairman of board of Textile
expire August "a. 1886, on $4,000
shares of its common stock at $18 a
share.
Railway Express Agency, Inc.-Air
express traffic over company's system
in first eight months of 1888 was 219.9
per cent above like period of 1882. Au-
gust express business was up 1899 per
cent.
Revenue freight carloadings in week
ended September 9, which included
Labor day holiday, totaled 571 1877 cars.
decrease of 5.265 cars below previous
week, but $3.50 over like 1882 week
Total for week was an increase of 1879
per cent over like 1882 period, compared
with an increase Of 1877 per cent In
preceding week.
Rice-Stix Dry Goods Co. declared a
dividend of SITS on second preferred
stock. On July l quarterly distribu
ton of 87Ea cents was made on second
preferred stock
Keith Albee Orpheum Corporation
deficit, before subsidiary's preferred
dividends, six months ended June 80,
1883, was $685. ,695 VS.. deficit before
subsidiarys preferred dividends of
$1.119051.
Packard Motor Car Corporation
Deficit nine months ended June 80, was
$55,558 VS.. deficit $155,388. Since in
itial showing of new models August 81,
company has received $3.50 orders for
shipment before September 30. Sched-
ule calls for shipment of 5000 new
models by the end of 1888. Projected
output for full year about 10000 cars.
International Business Machine Cor
poration-Sales. Of time-recording in
struments for first eight months in
creased 400 to 500 per cent over like
1882 period.
Standard Oil Co. Gndiana)- stock
holder filed suit in the United States
District Court, Chicago, against the
company's directors asking an account
ing of certain transactions occurring
between 1925 and 1881. and demanding
refunds Of salaries paid to officials
during the period.
Baltimore & Ohio R. r. Co-Vice
President Shriver announced that as
result of improved business conditions,
company Is in a position to pay the
s5,00O,000 of Cleveland, Lorain &
wheeling Consolidated bonds which
mature october l. They had planned
to reflnance the bonds.