Evening star., 1934-09-24
CORPORATION
| REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, September 24.-The
following is today's summary Of cor
poration news prepared by Standard
Statistics Co., Inc, New York:
Hercules Motors Corp. declared a
dividend of Is cents; on August Is,
1884, a similar payment was made.
Murray Corp. of America-Com-
mittee acting for this company pre-
sented to holders of Sl,750,000 first
mortgage 612 per cent bonds. due
December /, 1884, a plan for extern
sion of the issue for 10 years with no
change in interest rate: extended
bonds would be convertible at option
of holder into common stock on fol-
lowing basis: One share Of common
for each $40 of bonds for first three
years; one share for each $3.50 Of
bonds for next two years, and one
share for each SIS Of bonds for last
five years of the extension; under the
plan 25 per cent of net earnings would
be deposited in a sinking fund for
purchase and redemption of the
bonds; no dividends may be paid on
common stock until average Of
bonds retired in all years after jan
uary /, 1885, equaled SITS, 900 a year.
Easy Washing Machine Co. sales in
first eight months were 40 per cent
above 1884 period.
Art Metal Works, Inc, declared an
initial dividend of 10 cents a share
on new s5 par common stock; last
payment was quarterly dividend of 2
per cent in common stock on old no
par common shares on February /,
1882; last cash payment was Is cents
share on August !, 1881, on old
stock
Hudson & Manhattan Railroad
deficit. eight months ended August
81, was Sl69,ll4 VS.. deficit S35,162
Pennsylvania r. R-August net loss
Of company was estimated at $500, 900;
September results are expected to
make a better showing
Youngstown Sheet & Tube Co.
i Company has increased operations to
rs per cent of capacity.
Canadian Celanese Ltd.-president
| indicated that current operations of
| company are being conducted at ca
pacity; he stated no decision has been
made on plan for liquidation Of $24
| share arrears on preferred stock
! Dominion Textile Co., Ltd-Plants
are operating around rs per cent OF
capacity.
Buffalo, Niagara & Eastern Power
Corp-Power output of company in
August increased SO per cent over
August, 1888.
Commonwealth g. Southern Corp
Electric output in August was off O.4
per cent from August. 1898: in 8
months output was 9 per cent above
like 1888 period.
American Service Co. - Federal
Court, Kansas City. Mo. approved re-
| organization plan for company under
new national bankruptcy law: court
set November as date for a hearing
on confirmation of the plan
Consolidated Gas Co. of New York
| Company stated nearly 80 per cent of
the holders of its common own less
than 100 shares each, while more than
| so per cent of common stock is held
by those whose individual holdings are
| 1000 shares or less; it was disclosed
| that wage adjustments will add about
| 81 000,0 annually to costs of New
York Edison and United Light &
Power Co. subsidiaries.
AnheuSer- Busch, Inc, common
share earnings. seven months ended
July 81, were $500.
Glidden Co-Government has filed
an appeal in United States Circuit
Court of Appeals from judgment of
| Federal Judge Jones, Cleveland, dis
missing its suit against this company
and Forest City Paint g. Varnish
Co., its subsidiary. for recovery OF
s2,179,329
National Manufacture g. Stores
Corp-Net income, year ended May
81, was S114,529 equal to s931 pre-
Reading Co.-August net railway
| ferred share, VS.. deficit, S497, ,645.
j operating income was S837,264, VS.
S1,478,689 in August, 1888; in eight
! months, total was $S,873,23l, VS.
1 s8,449,655 in like 1888 period.
| Follansbee Bros. Co. - Company's
plants at Follansbee, w. Va. and To-
ronto, Ohio, have resumed after a
shutdown of three weeks duration.
Celanese Corp. of America-Presi-
! dent stated production of company
has been sold for current year.