The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-08
LATEST NEWS
AS ANNOUNCED
BY COMP AN|ES
Developments. Happenings
in the Realm of
Corporations.

A summary of corporation news
prepared by the Standard Statistics
Co., Inc, New York, follows:
American Machine and Foundry
Co. called for retirement on April l
all outstanding per cent bonds,
due April l, 1889 On Dec. 81, 1888,
there were outstanding S454,000 of
these bonds; company also decided
to write off its capital surplus,
carried on its books at S2,357,777,
against the investment in Interna-
tional Cigar Machinery Co.
Alaska Juneau Gold Mining Co.
December profit was Sl72,2 before
depreciation, depletion and Federal
taxes, against $192,O54 in December,
1888; for year 1884 profit was S2,246,-
$50 against $1,821 $50 in 1888.
Deficit before foreign exchange
Adjustment year ended Oct. 81 was
1872 $50 against deficit of S664,122.
Consolidated Railroads of Cuba,
deficit before subsidiary preferred
dividendS) quarter ended Sept 80,
$298,573 against deficit of $405, 303.
Cuba Co. deficit (before subsidiary
preferred dividends and minority
INTEREST," for the September quarter
was $547 ,666, against deficit of $640,
268.
Cuba Railroad Co. September
quarter deficit was $l57,797, against
deficit of $313,576.
Corrigan, Mckinney Steel Co. Is
operating twelve of its fourteen
open hearth furnaces which is one
unit less than has been in production
at best schedule of 1884. No let
down is expected and further ex-
pansion close to capacity is thought
likely.
Gulf Oil Corp. Has asked tenders
of an amount of company'S de-
bentureS per cent, due Feb. l,
1947. sufficient to exhaust 1900, 900;
price not to exceed 100.
Hudson Motor Car Co.'S value of
export shipments in 1884 was re-
ported as $6,750,OO0
Lone Star Gas Corp declared a
dividend of Is cents on the common
stock. Previous distribution was Is
cents in convertible preferred stock
on March 81, 1884.
Maytag Co. declared dividend
of rs cents on the So preference
stock; giving effect to this distribu-
ton arrear amounted to $675 a
share.
Standard Oil Co. of Indiana, eff
fective today, will restore retail
gasoline prices to normal in the
Chicago area; increase will be
around cents a gallon.
Republic Steel Corp. ingot rate is
so per cent of capacity, the best
schedule since the third week sin
June, 1884. Last week the compg1y
was operating half of its sixty-eight
open hearth furnaces. Compared
with twelve units active at the low
point last summer.
Washington Oil Co. declared a
dividend of rs cents on the capital
stock; on Oct. 10, 1884, distribution
of 81 a share was made.
Alabama Power Cot was said
plans are being made for court
action seeking to bar Alabama cities
from receiving PWA loans to build
municipal power plants with which
to use IVA electricity; proposed
action will be in the form of an
amendment to the injunction suit
against IVA filed by preferred
stockholders and now pending in
Federal Court.
Central Power & Light Co. de-
clared usual dividends Of 43% cents
on 7 per cent preferred stock and
371a cents on per cent preferred
stock; giving effect to these divi-
dends arrears amounted to $1,000
share on 7 per cent issue and SO a
share on 6 per cent preferred.
Chrysler Corp. has signed COM
pensation agreement with German
authorities agreeing to ship most Of
the 10000 cars it exported to Eu-
rope on German Lloyd or Hamburg
American Line steamers; 35 per
cent of money paid by Chrysler as
freight to German shipping COM
panies will be used by the Germans
to buy ChrySler cars and parts.
E. I. du Pont de Nemours 81 Co.'S
subsidiary Du Pont Cellophane Co.,
cut prices of cellophane, ranging
from 2 cents to cents pound;
this makes the seventeenth reduc-
ton since domestic manufacture
was started in 1924 and new prices
are about Sc per cent lower than
those in effect at that time
Graham-Paige Motors Corp ship
ments in 1884 showed an increase
of about 46 per cert over those of
preceding year.
Loblaw Groceterias Co. Ltd, net
profit for the % weeks ended Dec.
Is, was $382,088 against S377,516;
sales in like % weeks period were
up IA per cent.
ReDOrt of the Condition