Evening star., 1933-01-26
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, January 26-The fol-
lowing is todays. summary of corpora
tion news prepared by Standard Sta
tistics Co. Inc, New York, for the As
sociated Press:
Automobiles and Trucks.
Peerless Motor Car Corporation-Re-
ceivership proceedings against company
in Common Pleas Court, Cleveland,
Quashed; court upheld contention of
company that it being Virginia cor
poration Common Pleas Court had no
jurisdiction.
Building, Real Estate and Related Lines.
American Radiator & Standard Sani-
tary Corporation. subsidiary American
Blower Corporation, received orders for
air conditioning equipment for First
National Bank Building and British
Empire Building in New York City.
Sherwin- Williams Co. declared quar-
terly dividend of 25 cents on common
stock; on November Is. 1882, a quarter
ly Of 37l2 cents was paid.
Railroads.
PENNSYLVANIA r. 2 declared a divi-
dend of so cents; last previous diSburse-
ment was so cents a share, made Febru-
ary %, 1882; company earned 81 per
share in 1882; directors stated that fur
ther disbursements this year are con-
tingent on material increase In income.
Reading Co. December net operating
income was off l9 per cent. while for
II months of 1882 net operating income
was up 232 per cent.
Wabash Ry December net operating
income was S344604. VS.. net operating
deficit of s235. 5.0O3; II months net oper-
ating income was S524 ,669, VS.. net oper-
ating deficit of S366,995.
Shipping and Shipbuilding.
Atlantic. Gulf g. West Indies Steam
ship Lines deficit II months ended No.
vember 80 $685. ,128, VS.. net income
s10l ,952.
Textiles.
Federal Knitting Mills Co. 1882 COM
mon share earnings S6.44, VS.. S408.
Interstate Hosiery Mills, Inc, declared
a dividend of 40 cents on August Is a
distribution of IS cents a share was
made.
American Tobacco Co. declared reg
! ular dividends of S1.25 each on common
and common B" stocks; in March,
1882, and March. 1881, an extra divi-
Ocilu Va Sl was pdlO Oil CoSAi Siooo AAA
addition to regular disbursements.
Scotten- Dillon Co. declared a divi-
dend of 60 cents; formerly paid 80
cents quarterly; on February Is, 1882.
an extra dividend OF 20 cents a share
was paid in addition TO regularly quar-
terly dividend.
Utilities.
Middle West Utilities Co.-Receiver' s
preliminary report shows gross operat-
ing revenues of company for II months
ended November 80, 1882. declined 10
per cent from 1881 period; believed by
receivers that no important financial
readjustment of company can be un-
dertaken at this time because of its un-
stable earnings
Pacific Lighting Corporation 1882
common share earnings after special
reserves for rate litigation was $3.03 VS..
S3.57.
Chemicals and Fertilizers.
Freeport- Co. reported bankers
will offer in near future $4,000 shares Of
new per cent convertible preferred
stock OF company at S100 a share; new
stock will be convertible into common
for five years at 80 and for succeeding
five years at so; proceeds of financing
will be used for development of new
sulphur property in Louisiana.
Coal and Coke.
Lehigh Coal g. Navigation Co. de-
clared a quarterly dividend of 10 cents
in each of preceding two quarters divi-
dends of 20 cents each were declared.
Investment Trusts.
American Investors. Inc. liquidating
value, December 81, was s29l a COM
mon share VS.. $685. on December 81,
1881.
Graymur Corporation Stockholders
approved dissolution of company under
plan whereby assets would be sold to
Tri-continental Corporation and latter's
debentures and stock would be dis
tributed among Graymur stockholders
in ratio of $40 of Tri-continental de-
bentures and one share of Tri-conti-
mental common stock for each share of
Graymur Corporation.
insult Utility Investments, Inc
Debenture bondholders have filed a
damage suit in Federal Court, Chicago,
against Samuel insult and the entire
board Of directors of this company;
complaint alleges directors authorized
payment of stock dividends although
company had no surplus.