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

NEW YORK, November 1O.-The
following is today's summary of cor
poration news prepared by Standard
Statistics Co., Inc, New York:
Aviation Corp.-Mail revenue for 8
months ended September 80 totaled
S1,052 1892 VS.. S3743,O60 in like 1888
period
Curtis Wright Corp.-Class A share
earnings. nine months ended Septem-
Der 80, 81 cents vs. 81 cents.
General Motors Corp-President
Sloan announced a modification of
past practice with respect t. model
changes; revision of policy. he stated,
is being made directly in the interest
of wage earners and involved the in
PRODUCTION OF certain new models in
late Summer or late Fall. as distin-
guished from introduction of all mod
els at end of year or beginning of
following year, in an attempt to level
curve of consumer sales and, hence,
production, with the hope that a pos
sible contribution could be made to-
ward improving continuity of employ
ment of wage earners.
Kelly-Springheld Tire Goa spe-
cial meeting of stockholders has been
called for December II, at request
Of Protective Committee.
Themoid Co. preferred share earn
ings before Federal taxes nine months
ended September 80, 48 cents VS.. So. 90.
American Cyanamid Co. common
snare earnings. nine months ended
September 80, 62 cents VS.. 81 cents.
Continental-Diamond Fiber Co.
Deficit nine months ended September
80, s78,325 VS.. deficit s145 065.
Coca-Cola Co.-Declared an extra
dividend Of ST and regular quarterly
dividend of $3.50 on common stock:
directors authorized retirement OF
100000 class A treasury shares out of
the 327 ,820 shares of class A stock
held in treasury; common share earn
ngs, nine months ended September 80,
1886 VS.. s6.82.
CRANKY Consolidated Mining, SmeIt-
Ing q Power Co., Ltd.-A special
meeting Of stockholders of company
has been called for December 12, 1884.
10 vote on question of shutting down
the Anyox Properties, only mine now
in operation.
Standard Oil Co. New Jersey)-
Gulf Oil Corp. has disposed of its
holdings in Near East DEVELOPMENT
Corp owing 1884 per cent interest
IN 1raq petroleum Co., to Standard
Oll co. New Jersey and Socony-
Vacuum Oil Co., Inc. giving the lat
ter concerns full ownership of Near
East.
Revenue freight carloadings in week
ended November totaled 6l2.457 cars
decrease of ll,795 cars under pre-
cedlng week, and also 1879 cars I'm.
der like week in 1888, but an increase
OF 25,l55 over the same week in 1882.
according to the Association of Ameri-
can Railroads.
Sears, Roebuck & Co.-Sales four
weeks ended November S, were up 7.8
per cent; 40 weeks up 1919 per cent.
United States Steel Corp.-October
shipments of finished steel products
by company totaled 1885, tons
against 370,306 tons in September and
572,897 tons in October, 1888; for 10
months shipments totaled 5,14l,l24
tons VS.. 4,729,955 in 1888 period.
Price Of refined sugar reduced Is
points to 45o cents a pound by lead
ing refiners.
Studebaker Corp - REORGANIZATION
Committee announced that a plan
OF reorganization for company. which
would provide about S5,500O new
cash, will be submitted shortly to Fed
eral Court. South Bend, Ind, credi-
tors petition will be filed with the
court Immediately as beginning of
proceedings for reorganization under
section 77-B Of amended bankruptcy
act; plan provides for distribution Of
2.64 shares of White Motor common
stock and four shares of common
stock of new concern for each s10O
of debt; holders of Studebaker pre-
ferred stock would receive IL shares
OF new common stock for each share
of gold preferred, plus right to sub
scribe to combination of SIS, of
new debentures and 20 shares of
new common for SIS; holders of COM
mon shares Of Studebaker would be
entitled to purchase, for each share
held, unit consisting of s2.25 of new
debentures and 1-3 Of a share of new
common stock upon payment of So
In cash.