Evening star., 1934-09-11
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW. YORK, September 1.-THE
following is todays summary of cor
poration news, prepared by Standard
Statistics Co., Inc, of New York:
Chrysler Corp.-Quartermaster gen.
eral announced that Fargo Motor
Corp, division of company, was award
ed a contract for 1888 Army trucks to
cost $2,243.892; on September z, 1884,
Fargo obtained an Army contract for
3,1S3 trucks at cost of $2,596, ,937.
Langendorf United Bakeries, Inc
Class A share earnings, year ended
June 80, s1.35, VS.. Sill in year ended
July l, 1898.
Emsco Derrick & Equipment Co.
Declared an initial dividend of 25 cents
on new SIS par stock; last previous
distribution was 20 cents share on old
no par stock on October 25, 1880.
Foster Wheeler Corp.-Sales thus
far in current year have been running
United Verde Extension Mining Co.
Copper production in August totaled
2,640 900 pounds, VS.. 2,610,5 pounds
in August, 1898; in 8 months output
was 19,939,124 pounds, VS.. 22,761 ,276
pounds.
Vanadium Corp of America.-Gross
business for first eight months totaled
81, 058, VS.. $1,541 ,813 in like 1888
period.
Du Pont &C. ~ de Nemours & Co.
President stated company'S profits
from all military explosives over the
last 10 years amounted to per cent
of its total manufacturing profits.
Randall Co.-Class A share earnings,
year ended June 80, $9.71, VS.. $1.69.
Northern Pacific Ry.-Deficit, 2
months ended July 81, was $2,851 1897,
VS.. deficit $7,075,263.
Interstate Department Stores, Inc
August sales, excluding groceries and
leased departments, were up OIL per
cent; months, up Is per cent.
Lerner Stores Corp.-August sales
were up IA per cent; 8 months, up
31.2 per cent.
Steel ingot production in the United
States in the week beginning Septem-
ber 10 averaged 2O9 per cent of
capacity, compared with 1874 per cent
in previous week, according to Amer
ican Iron & Steel Institute
United States Steel Corp.-August
shipments of finished products by COM
pany totaled 378O23 tons, VS.. 1863 ,938
IN July and 663 155 in August, 1888;
for first 8 months shipments totaled
4,426,856 tons, against 1881 1897 i'll
first 8 months of 1888.
International Hydro Electric Sys-
tem-DirectorS omitted quarterly diyi-
dend on $3.50 convertible preferred
stock, last payment on which was 8712
cents a share on July 16, 1884.
New England Power Association
Directors of company postponed action
on quarterly dividend on common
stock, last payment on which was Is
cents a share on July 16, 1884; nearly
80 per cent of the common stock of
company is owned by International
Hydro Electric System.
Northern States Power Cost. Paul
City Council reached an agreement on
new franchises for this company, to
be presented to voters November 6;
terms included reduction of $3.50, 900 |
in electric rates, S225,0O0 of which |
was to become effective January /,
1885, and $125,000 on January l. 1896. |
General Motors Corp.-August pro-
duction of Chevrolet cars totaled IA
437 units VS.. 90 ,947 units in July and
73,433 in August, 1888; world pro-
duction in first eight months was
692, ATT Chevrolets, which exceeds by !
66,200 output in all of 1888
American Seating Co.-Deficit, 6 I
months ended June 80, $120,779 W.
deficit $248,746.