Evening star., 1934-12-23
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

l AokNSs /
NEW YORK, December 22.-The
following is today's summary of cor
poration news prepared by Standard
Statistics Co., Inc, New York:
Douglas Aircraft Co., Inc-Com-
pany announced an increase of per
cent in wages of its 1000 employees,
effective December 81; the raise will
| apply to all workers except salaried
executives; pay roll is about SO 500, 900
| annually.
Chrysler Corp.-Announced that
prices of new Chrysler airstream six
to be introduced in 1885 range from
$745 to $3.50; models comparable with
Chrysler six line in 1884 show prices
ranging from q reduction to $5 to
an increase of $40: prices on Chrysler
airstream eight range from $685. to
! 1895.
Commercial Solvents Corp.-W. D.
Ticknor, chairman of this company,
replied to questions concerning reports
| that Commercial Solvents had sold its
80 per cent interest in Krebs Pigment
& Color Corp to E. l. du Pont de Ne
| mours & Co., by stating that any an
nouncement on the matter must come
from E. I. du Pont de Nemours g. Co.;
latter company owns 70 per cent of
Krebs Pigment & Color stock
Gorham Manufacturing Cot was
announced dividend OF so cents a
share would be paid on voting trust
certificates for common stock of this
company on January Is; on April 16,
1884, a distribution of rs cents was
made on these certificates.
Liquid Carbonic Corp.-Chairman
said business volume of company for
first three months of new fiscal year
Is running about 20 per cent above
like 1888 period.
International Business Machines
Corp.-President announced an in
crease OF 37la per cent in minimum
pay and from 81 900 to 1000 in paid
up insurance for employees.
Chicago g. Northwestern Railway
Passenger traffic manager of company
said the ar-conditioning program of
company for 1885 provides for the
cQulpuleIlL Ol l00 cars.
Chicago, Milwaukee, st. Paul & Pa
ciflc Railroad-Directors of company
decided to accept loan of $500, 900
from the Reconstruction Finance
Corp. The Interstate Commerce Com
mission had required that $4,000 900
st. Paul bonds and the companys
equity in Milwaukee Land Co. be
pledged for road to get loan of
S4,000,000. However, st. Paul was
offered loan Of S3500,000 on the
pledge of only the $4,000 900 in bonds.
1t was stated road probably will seek
further loan next year. using its
equity in Milwaukee Land Co. as
collateral.
Southern Pacific Co.-November net
railway operating income was 81 $685.
535 VS.. S1,418,29S In II months net
railway operating income was $l5,-
3O5 1866 vs. 81 984,303
Republic Steel Corp-Supreme Court
Justice Walsh. New York, denied a
motion brought by company to dis
miss a suit brought recently against
the corporation by Norman c. Nor
man, a Stockholder Other Defend
ants in suit are Kuhn, Loeb g. Co. and
Field, Glore & Co. Mr.. Norman
sought an injunction to restrain COM
pany from delivering $4,000 shares of
its common stock to the banking firms
for their services in floating $24 900, 900
bond issue in connection with the pro-
posed merger.
Refined sugar price reduced 10
points to $50 cents pound by sew
eral leading sugar concerns.
Collins & Aikman Corp.-Def1cit,
eight months ended December !. was
1854, 780 VS.. net income of S847 ,159 in
nine months ended November 25, 1888.
Manhattan Railway Co.'S. Seabury
and A. A. Berle reported to Board
of Estimate that the price asked by
Interborough Rapid Transit CONAN
haitian stockholders Of $60,000,000,
which, taking into account par for
bonds and notes outstanding, would
bring the total price for the system to
1894 1000, 900, has no reasonable foun-
dation and cannot even be used as a
basis of negotiations.
Kelly-Springf1eld Tire Co.-New
Jersey Chancery Court authorized
liquidation and reorganization of COM
pany on the ground that If losses sus-
tanned in six years were allowed to
continue, the assets of the concern
would be dissipated.
Radio Corp. of America.-Commit
of board which was requested to study
the subject of a readjustment of
capital structure recommended against
the adoption of any plan of recapital-
ization at this time.
Gulf Oil Corp-Subsidiary, Gulf
Refining Co., marked up tank car
kerosene price 4 cent a gallon at its
North and Middle Atlantic seaboard
deepwater terminals as well as at
Jacksonville, Tampa and Savannah;
price of No. heating oil also was
increased Il cent a gallon.
Socony-Vacuum Oil Co., Inc.-Sub-
sidiary, Standard Oil Co. of New York,
increased tank car kerosense price
Il cent gallon at its terminals; price
of No. heating oil also was marked
up 4 cent gallon.
Denver & Salt Lake Railway
R. F. c. assumed control and active
management of company, to protect
Federal loans to Denver g. Rio Grande
Western Railroad, which are secured
by majority of Denver & Salt Lake
stock; w. r. Freeman, president, and
G. Hughes, chairman, resigned; Mr..
Freeman was succeeded by Judge w.
Mccarthy of Salt Lake City, former
director of r. F. c.; the Government
will be represented on the new board
of directors by Judge Mccarthy, A. A.
Berle, jr, and c. H. Burr.
American Woolen Co.-1ncreased
prices on It's mems wear woolen suit
ings 2la cents yard; a few fabrics
were advanced cents.
Pacific Mills.-Working force of
company totals 10000 persons, the
largest number since 1929.
Middle West Utilities Co.-Holders
of certificates of deposit for Sc con-
yertible preferred stock, series A, were