Evening star., 1934-09-07
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, September 1.-THE
following is today's summary of cor
poration news prepared by Standard
Statistics Co., Inc, New York:
North American Aviation, Inc
Revenue passengers carried by afili-
ates and subsidiaries in July totaled
s,451, against 13,476 in July, 1888;
mail poundage in July was 147,494
pounds. against 183.s15.
United Aircraft Corp.-Hamilton
Standard Propeller Co., subsidiary of
this company, formed by reorganiza-
ton of United Aircraft & Transport
Corp, has completed licensing agree
ment with De Havilland Aircraft Co.,
Ltd, Societe Francaise, Hispano-Suize
and Mitsui & Co., Ltd.
Electric Auto-Lite Cor. g. Mar
tin, president, announced that this
company and its subsidiary has re-
ceived long-term contract covering
ignition, starting and lighting equip
ment for all passenger and CONNER
cial cars manufactured by Chrysler
Corp.
American Smelling & Refining
Co.-Company lowered the price of
lead points to $40 cents pound,
New York.
Greif Bros. Cooperage Corp
Glass A share earnings, nine months
ended July 81, were $332 VS.. cents.
Murphy C. c. Co.-August sales
were up ia per cent; eight months
up 33.1 per cent.
Granite City Steel Cot was re-
ported plans of company are operat-
ing In excess of 80 per cent.
Nash Motors Co.-Reduced prices,
ranging up to $50, on all models.
Willys-O Overland Co.-Federal Court,
Toledo, granted permission to receiv-
ers for company to sell plant and
equipment of WHY'S Overland, Ltd,
owned by company, and Russell Mo-
tor Car Co., Ltd, to Canadian Bank
of Commerce under an agreement
whereby WHY'S Overland Co. receives
$25, 900 and is released from liability
on a note for 100000 it guaranteed
for Canadian concern.
Richield Oil Co. Of California
Federal Judge James, Los Angeles,
has overruled decision by w. A.
Bowen, special master in receivership
of company, that bondholders should
be entitled to a general claim for
full face value of their bonds after
sharing in proceeds from sale of
property securing bonds: under ruling
bondholders will be entitled to only
claim for the difference between the
amount received from sale of property
underlying bonds and face value of
the bonds, and will share ratably with
unsecured creditors in proceeds from
sale of property not coming under
bond indenture.
Chicago, Burlington & Quincy r. r.
President said company will include
about $125, 900 in its August expenses
to cover per cent charge under Fed
eral pension plan; this is in addition
to voluntary pension cost Of about
$98, 900 for same month.
Minneapolis & st. Louis r. R.
Foreclosure sale of property Of COM
pany has been postponed until No.
vember II, 1884.
Bohack (H. CO. Co.-Sales, 5 weeks
ended September /, were off 81 per
cent; 81 weeks, up 81 per cent.
Western Auto Supply Co.-August
sales were up 48 per cent; months,
up 329 per cent.
Madison Square Garden Corp
Control of Boston Madison Square
Garden Corp. has passed from this
company to a Boston syndicate headed
by H. G. Lapham; it was stated that
a satisfactory long-term lease has
been agreed on with Boston g. Maine
Railroad; corporate title will be
changed to Boston Garden Corp; it
was stated that Boston Garden owed
no money, except current account, and
that change of control involved cali
ing of unpaid subscriptions on orig
inal stock, which will furnish addi-
tional resources.