Evening star., 1935-07-07
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, July 6.-The following
is today's summary of corporation
news prepared by Standard Statistics,
Inc, New York:
Chrysler Corp.-Production and
shipments of passenger cars and
trucks in six months ended June 80,
totaled 584,578 against 387 1884 in first
half of 1894; in June, 1885, shipments
totaled 65,346, compared with 64,769
in like 1884 month; shipments for
quarter ended June 80, 1885, totaled
237,330 units, largest second quarter
in corporations history and within
10000 units of the all-time quarterly
shipment peak, established in first
quarter Of 1885.
Firestone Tire g. Rubber Co.-Sub-
sidiary, Firestone Tire & Rubber Co.
of Canada, Ltd, announced a reduc-
ton in retail prices of tires in Canada.
Cudahy Packing Goa special
meeting of stockholders of this COM
pany was called for July Is, to author
ize reflnancing plan for the first
mortgage per cent bends and sinking
fund 5ls per cent debentures.
Wilson g. Co.-Common share earn
ings. 6 months ended April q. were rs
cents; company filed with Securities
& Exchange Commission its registra-
tion statement covering proposed issue
of 100000 900 of series A first mort
gage bonds to mature July Is, 1855,
and to bear a coupon rate of per
can't will rafinonoa e1E OOC nm
of Wilson 6 per cent first mortgage
bonds and sse8,Ooo of 512 per cent
second mortgage bonds of its sub
sidiary, D. B. Martin & Co.
American Smelling & Refining Co.
Company advanced price of lead 5
points to 405 cents a pound, New
York.
Chicago, Milwaukee. st. Paul g. Pa
cific r. R.-According to data on file
at I. c. C. company had balance
for fixed charges after rents of about
81 400. 900 in first half of 1885: road
estimated it had cash on hand on
June 80 of, roughly, s4,0O0o0O.
Missouri Pacific r. R.-A bond
holders plan for reorganization of
company was presented to the chair
man of the Reconstruction Finance
Corp by J. w. Stedman and w. Lloyd
Kitchell; o. P. Van Sweringen had
presented plan for reorganization to
Chairman Jones previously and as a
result of latest conference it was
planned to bring the bondholder rep
reSentatives and Mr.. Van Sweringen
into conference; Stedman plan called
for reduction in fixed charges of COM
pany by one-half to S7.500,000 year:
it also provided for consolidation Of
the underlying issues. now numbering
between 80 and 100 into or 6; one
third would be fixed interest bonds,
another third income bonds and a
third stock. it was said.
Pittsburgh & West Virginia Rail-
way-May net railway operating in
come was $91 ,907 VS.. S89. 1874; in five
months net railway operating income
was S4O3, 1872 VS.. s430.033.
Grant CW. T) Co.-June sales were
up Al per cent; six months up 1913
per cent.
Kresge Is. S.) Co-June sales were
off Al per cent: six months off 80
per cent; stores in operation June 30
totaled 735 against 724 at end of June,
1884.
Newberry q. j. Co.-June sales
were off "a per cent; six months up
2.3 per cent.
United Gas Improvement Co-Elec-
trio output of system for week ended
June 20, increased 81 per cent; in the
preceding week gain was 9.3 per cent.
Goodrich CB. F. Co-Otis &
Co. filed a suit to compel company to
open its books for an inspection of
earnings and balance sheet in ad-
vance of stockholders meeting on
July Is, when authorization of a s45,-
000,O0 first mortgage bond issue will
be asked.
Alaska Juneau Gold Mining Co.
Company will make no attempt to re-
open its mine at Juneau, Alaska, until
belligerent attitude of strikers picket
ing the mine is relaxed
Montgomery Ward & Co.-June |
sales were up 23.6 per cent; 5 months |
up 1872 per cent.