Evening star., 1934-07-22
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS.

NEW YORK, July 2l-~The follow
ing Is todays summary Of Corpora
ton News prepared by Standard Sta
tlStics Co, Inc, New York
Douglas Airt raft Co. Inc Unified
orders Of company May 81 were APP
proximately So 600 900. against ST.
G47 1853 May 81, 1888
American Austin Car Co, Inc
Federal Judge SchoonmakeT. Pitts
burgh. has ruled that American Aus
tin Car Co, Inc. must complete Its
reorganization under new national
bankruptcy act within three months.
Studebaker Corp-It was reported
a tentative plan of reorganization for
company has been drawn up by
banking group and presented TO rep
resentatiyes of the principal creditor
interests. II was understood plan will
provide additional working capital
through sale of new securities and
will call for segregation OF the White
Motor Co. now controlled by Stude-
baker through 95 per cent stock
ownership: it was said general prin-
ciples Of the plan have met with a
favorable reaction from the groups
consulted.
Virginia Iron, Coal & Coke CO.
Net income, six months ended June
80, $46.426 VS., $36,570.
Cutler Hammer Inc.--Net income,
six months ended June 80. sos ,4S9.
equal to 80 cents common share VS..
deficit $20l Gl6.
General Electric Co.-Company has
received ali order TO construct five
new electric locomotives for Pennsyl-
vania r. X. Co.
Westinghouse Electric & Manufac-
turing Co.-Company has received an
order to build IL new electric paSsen-
ger locomotives for Pennsylvania r.
r.: subsidiary. Westinghouse Elevator
Co. obtained 81 900 900 order for con-
struction Of elevators for Radio City.
New York.
Armour e. Co Illinois) Action OF
initial quarterly dividend of 81 so on
new Sc prior preferred stock of COM
pany, which tentatively was consid-
cred at the regular monthly meeting,
has been delayed until the August II
meeting; at that time the quarterly
dividend on the 7 per cent preferred
stock OF Armour of Delaware also will
be declared.
Canada Dry Ginger Ale, Inc
Common share earnings nine months
ended June 80. n cents VS.. SO cents.
United Biscuit Co. of America
Common share earnings, six months
ended June 80. 9S cents VS.. 80 cents.
Kelvinator Corporation-Comm
share earnings. 9 months ended June
80, 81 08 VS.. 81 cents.
American Smelling Il Refining Co.
Advanced price of lead S points at
3.8 cents pound, New York.
Sun Oil Co.-Common share earn
ings. months ended June 80, 5000
vs.. So cents
Texas Pacific Coal & Oil Co.
Deficit, 8 months ended June 80,
$l25,794 VS.. deficit $472,780.
Chicago, Milwaukee, St. Paul &
Pacific Railroad-It was reported COM
pany would pay interest due August /,
1884, on its per cent bonds of 1875,
to be provided for. in part, by $1,000
600 loan recently negotiated with
bankers.
American Stores Co.-Sales weeks
ended June 80. up 81 per cent; 6
months up 81 per cent.
National Tea Co-Common share
earnings, "a weeks ended June I6.
80 cents VS.. $l32 in "a weeks ended
June IT. 1888
Sears, Roebuck g. Co.-Sales 4 weeks
ended July l6. up 1l.3 per cent; "a
weeks up 29 per cent.
Thompson John RI Co-Declared
a dividend of 1919 cents on common
stock; similar distribution was made
on May IA, 1884.
RyerSon (Joseph T) g. Son, Inc
Sales in first half were 81 per cent
above like 1898 period: July sales are
running in excess of the monthly
average for the first half.
LoeW's, Inc.-It was reported that
Fox Metropolitan Play Houses. Inc.
has received an acceptable bid for its
assets from the Warner Bros.
combination, which offered $4 500 600
for the chain on July 10.
Telephone division of Federal Com
munications Commission ordered every
telephone company subject to new
communications act to file schedules
of rates and charges and duplicates OF
contracts and agreement with it on
or before September l. 1894