Evening star., 1934-10-14
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, October 13.-The fol-
lowing is today's summary of corpora
ton news prepared by Standard Sta
tiSticS Co, Inc, New York:
General Tire & Rubber Co.-Presi-
dent said company'S business has
shown good gain in first nine months
compared with 1888 period, but added
prospects for profit are more dubious
because tire prices have not risen in
proportion to increased costs.
National Automotive Fibres, Inc
Declared a dividend of SITS on ac-
count of accumulations on preferred
stock. Giving effect TO this dividend,
arrears amounted to $17.5O a share as
OF December /, 1884.
st. Lawrence Flour Mills Co.. Ltd
Declared a dividend of so cents on
common stock. Previously 37la cents
share was distributed quarterly.
International Shoe Co-Stock-
holders are scheduled to vote at spe-
cial meeting October 80, on proposal
to retire 100000 shares, owned by
company.
Mcintyre Porcupine Mines, Ltd
Declared regular quarterly dividend of
so cents on capital stock.
Smith q. c. g. Corona Type
writer's, Inc.-Has increased prices of
its large typewriters SIS a machine.
Underwood Elliott Fisher Co.-Has
advanced prices on its standard noise
less typewriters SIS a machine because
OF increased costs.
Atlantic Refining Co. reduced price
OF gasoline l cent a gallon in Penn
sylvania and Delaware
Socony Vacuum Oil Co., Inc. sub
sidiary Standard Oil Co. of New York,
Inc. reduced tank car gasoline prices
one-half cent a gallon at New York,
Boston, Providence and Portland. Me.
Standard Oil Co. of Ohio cut service
station prices of gasoline one-half
cent gallon throughout its territory.
Chicago Great Western Railroad Co.
President stated that approval of rs
per cent of holders of first mortgage
4 per cent bonds of proposal for de-
ierment OF part Of bond interest has
averted the necessity for asking aid
from the r. F. c.
Chicago g. Northwestern Railway
Co.-Company yielding to views of 1.
c. c. and r. F. c., has reduced from
$7,415,0o0 to s5,277 800 the amount of
Its latest request for another two
year loan from the r. &c.
Union Pacific Railroad Co.-Presi-
dent stated October earnings are run
ming at levels of 1893 month.
First National Stores, Inc-Sales
for five weeks ended September 29
showed gain Of SO per cent over like
period of 1888; in 26 weeks gain was
48 per cent.
Sears. Roebuck & Co.-Sales in four
weeks ended October showed gain
OF 1876 per cent over like period of
1888; in SO weeks gain was 2I8 ner
cent.
Katz Drug Co.-September sales
showed gain of II per cent over Sep
tember, 1888; in nine months gain
was Is per cent.
commonwealth &, Southern Corr
Electric output for week ended October
8, increased Sc per cent over like week
OF 1888, compared with a gain of Is
per cent for preceding week.
Consolidated Gas Co. of Y-EIec-
tric output for week ended October 6
- ~ so PNA NCIlG ONCT like week OF
1883 compared with an increase of 81
per cent for preceding week.
New England Tel. & Tel. Co-Au-
gust net operating income, s1,Ol6.OS1
against Sl,202, AT; in eight months net
operating income was $8,939 ,226, COM
pared with $8,519,806.
Utilities pennsylvania, State Of
Pennsylvania Public Service Commits
sion ordered so utility companies op-
Grating in that State to proceed at
once to reduce their rates or furnish
evidence why the rates should not be
cut. On April 2, commission adopted
resolution stating that under exist
ing economic condition, an annual net
income of per cent is a fair and
reasonable return on the value of
property.