Evening star., 1935-05-05
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, May 4.-The follow
ing is today's summary Of corpora
ton news prepared by Standard Sta
tisticS Co., Inc, New York:
General Motors Corp-St. Louis,
Tarrytown, N. Y, and Buffalo plants
of Chevrolet Motor Co. and Fisher
Body Co. have been closed because
Of shortage of parts.
Stewart Warner Corp.-Business
total of company in April was one of
best months in past five years.
Artloom Corp.-March quarter
deficit was $6,151. VS.. deficit $28,185.
Gold Dust Corp.-It was stated that
business of this company for current
six months would be somewhat better
than in the half ended December 81,
1884; current dividend rate of $1.20
a share is not being earned, but with
large cash balance of over IS ,0OO, 900
1t is expected rate will be continued.
American Zinc, Lead q Smelling
Co.-March quarter deficit was
$26,230, VS.. net income $s7,021.
Bridgeport Brass Colt was said
that whatever funds are needed by
company in connection with redemp-
ton August /, 1885, of its 61a per cent
convertible debentures will be pro-
vided by commercial banking sources.
De Beers Consolidated Mines, Ltd
Company expects to reopen mine early
in 1886; it was stated that q plan for
dealing with arrears on preferred divi-
dend Is under consideration.
Nipissing Mines Co., Ltd.-1934 net
income was $147,2 equal to IL cents
common share, VS.. deficit $3,413.
New York Dock Co.-March quarter
deficit was $12,009, VS.. deficit $l4,034.
Union Oil Co. of California-Com-
pany called for payment June /, 1885,
at 102, entire issue of its per cent
debentures, due April /, 1945.
Newton Steel Co.-The 1,700 work.
ers in company's plant at Monroe,
Mich, who have been out on strike
since April Is, agreed to return to
work and to allow a committee to
settle dispute within 30 days.
Republic Steel Corp.-It was stated
Government probably would appeal
Judge Raymond;s decision to a higher
court; w. P. Belden, Republic Steel
counsel, said merger negotiations
would remain in status quo until Gov
ernment had indicated whether an
appeal would be taken: 60 days were
allowed for an appeal.
Bell Telephone Co. Of Pennsylvania
Company reported q net gain in
April of 2,219 telephones in service;
the increase for the three months was
7,489, bringing the total net gain thus
| far in 1885 to 9,708. These figures rep.
resent an increase Of 2,213 over the
first four months Of 1884, when the
total gain was 7,495.
| Brooklyn Manhattan Transit Corp
Governor Lehman has signed bill
designed to permit unification of New
York City's rapid transit systems, In.
cluding this company, Interborough
Rapid Transit Co. and Elevated Lines
OF Manhattan Railway Co.
New England Telephone & Tele-
graph Co.-Company announced that
lower rates for three classes of serv-
Ice will 60 into effect on June /:
changes are coincident with similar
changes to be made by other Bell
System companies throughout the
country.
New York Telephone co.-company
reported gain In installations In
April of 1886 phones, compared with
4,474 In April, 1894.
Pennsylvania Power q Light Co.
Preferred share earnings, IL months
ended March 81, were $l4.42 vs.
$3.50.
Neisner Bros. Inc.-April salel
were up 20.3 per cent; four months
lIp 2.3 per cent