Evening star., 1934-09-05
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, September 5.-The
following is today's summary OF
corporation news prepared by Stand
ard Statistics Co., Inc, New York:
Archer Daniels Midland Co. - In
year ended June 80, common share
earnings, including profits of Com
mander-Larabee Corp, after Septem-
ber 80, 1888, were 1892 VS.. $1.79.
Kelvinator Corp. - Shipments of
company in first 10 months of current
fiscal year total 215,563 units, COM
pared with 1925 units in like pc
riod in preceding fiscal year.
International Products Corp.-Net
income, 6 months ended June 80
$31. 1881, equal to 96 cents preferred
share, VS.. deficit S259,052.
Burroughs Adding Machine Co.
Common share earnings, 6 months
ended June 80, 80 cents VS.. cents.
Edison Bros. Stores, Inc.-Directors
have taken no action on dividend on
common stock; last payment rs cents
on June25, 1884.
Neisner Bros, Inc.-August sales
were up A. per cent; months up 19
per cent.
Steel ingot production in the
United States in the week beginning
September 8 averaged 1874 per cent
of capacity, compared with 1871 per
cent in preceding week, according to
American Iron & Steel Institute.
Jones & Laughlin Steel Corp.-Sub-
Sidiary, Shannopin Coal Co., has shut
down it's mine at Bobtown for an
indefinite period.
United States Steel Corp.-Subsi-
diary. H. C. Frick Coke Co., has sus-
pended operations at four of its mines
in Fayette region, involving 1000
miners.
American Woolen Co.-Company's
plant at Winooski, VT, has been closed
as result of textile industry strike.
Republic Steel Corp.-Notice of
special meeting of stockholders Of
company disclosed that total author
ized no par common stock would be
increased to 10000, 900 shares; pres
ent authorized but unissued 100000
shares of serial preferred stock would
be changed into 100000 of $100 par
prior preference stock and 100000
shares of no par common stock; pres
ent authorized 100000 shares 6 per
cent cumulative convertible preferred
stock would remain unchanged and
present authorized common shares
would be increased by 4,85o,o00
oil
on decrease in capital from $l51 $685.
967 to $110, ,536,275.
Hupp Motor Car Corp. - Directors
of company in letter to stockholders
disclosed they have developed and
adopted plan providing for placing
the management of company in
hands of experienced automobile
business executives and engineers
and for the addition of a new per-
sonnel, including a permanent presi-
dent and general manager to succeed
C. T. Hastings, who accepted the Of
flee few months ago on temporary
basis; directors also have entered
into contracts with certain employees
providing for remuneration on the
basis of profits; approval of program
will be sought of stockholders at the
annual meeting.
Auburn Automobile Co.-Company
has given one of its officers an option
to purchase at any time during the
term of his employment all or any
part of 5000 shares Of capital stock
at $25 a share.
United States Steel Corp. - Ingot
production at plants of subsidiaries in
week ended September was estimat-
ed at about 19 per cent of capacity,
from preceding week and
compared with % per cent rate two
weeks ago; in like week of 1888 plants
were at Al per cent, while in 1882 an
II per cent rate prevailed.
American Telephone & Telegraph
tenders have been asked
for an amount of this company's col
lateral trust IS, due December /, 1946,
sufficient to exhaust $500, ,073, at not
exceeding los and interest by Old
Colony Trust Co., Boston; offer is
open until September IA, 1894; in
terest on accepted bonds will cease
II, 1884.