Evening star., 1934-06-26
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, June 26.-The fol-
lowing is today's summary of cor
poration news prepared by Standard
Statistics Co., Inc, New York.
Ford Motor Co.-Production Of
company for June is expected to to-
tai around $4,000 units; schedule for
July output calls for larger total.
Pierce-Arrow Motor Car Cot
was reported this company has made
inquiries to r. F. c. relative to loan.
Studebaker Corporation.-Prices on
new models to be introduced June
26 will be $50 lower than current line
on Commander series and unchanged
on the Dictator and President series.
Sweets Co. of America net income,
five months ended May 81, was $780,
757, equal to 81 cents a common
share, IS. deficit S51.797.
American Smelling & Refining Co.
Federal Trade Commission dis
missed complaint which charged
company with violation of Section z
of the Clayton act through acquisition
of Federated Metals stock: commits
sion said it dismissed the complaint
because of lack of jurisdiction, in
dicating that the acquisition COM
planned of might be the basis for
court action. -
Missouri-Kansas Pipe Line Goa
petition was filed in Federal Court,
Chicago, in behalf of creditors to
effect reorganization of company
under new national bankruptcy act;
assets were listed as $6,000000 and
liabilities as $5.500,000.
American Writing Paper Co., Inc
Company announced it has not avail
able cash sufficient to pay interest
due July !, on its first mortgage
bonds and that directors believe a
reorganization is imperative; petit
ton to effect reorganization under
new national bankruptcy act was filed
in Federal Court, Boston, and an
order was entered authorizing the
company, as debtor. to continue its
operations under court supervision; a
meeting of creditors and stockhold-
ers has been called for July "a.
Evans Products Co.-Common share
earnings, five months ended May 81,
Sf4Os ull1AAlCd AOA hdSO-AOdAC1o .
total S375,000.
New York, New Haven & Hartford
Rairoad-Deflcit after estimated guar
antees five months ended May 81, was
ST S1,800,882 VS.. deficit s3,945, ,843: pres
ident said May deficit after charges
was less than $150,000 in contrast to
earlier estimate of 100000 and COM
pairing with a deficit of $685., 1000 for
May, 1888; he estimated June deficit
probably would be somewhat less than
that of May.
Wabash Railway-May net railway
operating income was 501,542 VS.
S3ll ,389; in five months net railway
operating income was S2,090,313 VS..
net railway operating deficit of $243,-
SPA
SeaDoard Air Line Railway-May
net railway operating income was
$3.50. .460 VS.. S251, 1928; in five months
total was $1,860,612 VS.. S1,351,568
Virginian Railway-Common share
earnings five months, May 81, $2.0l
VS.. 80 cents.
Electric Power & Light Corpora
tion-Deficit, II months ended May
81, s1,100,471 VS.. net income s1,447,-
0O6.
New York Telephone Co.-Had q
loss in first three weeks in June
of 3,773 stations VS.. a loss of 12,204
in like 1888 period; June loss repre-
Sents seasonal trend.
Philadelphia Rapid Transit Co.
Judge McDevitt, in Common Pleas
Court No l has entered a formal de-
cree refusing petition filed by City
Controller Wilson for appointment Of
receivers.
Southern New England Telephone
Co.-May net operating income $780,
579 vs.. S298,352; in 5 months tota,
was Sl,394.078 VS.. $l,338,393.
International Great Northern Rail-
| road May net railway operating in
come was Sl6l,694. VS.. $297,0l0; in
months, net railway operating in
come was $685. ,653, VS.. s174,62o.,
Norfolk & Western Railway COM
mon share earnings. S months ended
May 81, were S5.87, VS.. $34O.