Evening star., 1935-01-17
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.
BY the Associated Press.

By the Associated Press.
NEW YORK, January 1.-THE fol-
lowing is todays summary of corpo-
ration news prepared by Standard Sta
tiStics Co., Inc, New York:
Fairey Aviation Co., Ltd-A divi-
dend of 9 cents a share will be paid
on American shares of this company
on January "a; on January "a, 1884,
a distribution of 18 cents was made
on American shares.
Stutz Motor Car Cor. F. C..
granted this company 100000 work.
ing capital loan on a conditional ba
sis; stockholders of company will be
asked to grant company authority to
mortgage its property and assets up
to an amount not to exceed S500.000
and to approve amendments to arti-
cleS Of incorporation to materially
broaden corporate powers.
WHY'S Co.-Company is
adding 1000 workers to increase pro-
duction of new passenger cars; it was
said receiver has obtained orders for
5000 from the Eastern territory;
previously 5000 cars had been ordered
by Pacific Coast and Atlantic dealers
Kelly-Springfield Tire Cot was
announced reorganization of Kelly
Springfield Tire Co., New York cor
poration, and subsidiary of this
New Jersey company, has been ef-
fected with the election of new officers
headed by F. c. Ferguson. president.
and j. F. O'Shaughnessy and D.
ORegan, vice presidents reorganiza-
ton of the New York corporation fol-
lowed dissolution of receivership by
Federal Judge Hubert, New York.
General Baking Co.-Declared
dividend of Is cents on common stock;
similar distribution was made on
common stock on November /, 1884.
United States & British Interna-
tional Co., Ltd.-Net asset value on
November 30, 1884, equaled s11.92 a
preferred share VS.. sc cents on No.
vember 80, 1888.
Cleaner Harvester Corp.-Company
earned over 81 per share in 1894.
Spalding CA. g. & Bros.-Company
is operating its two Chicopee, Mass,
plants at capacity, with about 900 en-
ployed, chiefly on golf and tennis
lines.
Delaware & Hudson Co. deficit of
operating subsidiary, Delaware & Hud-
son Railroad Corp, in II months end
ed November 80, 1884, was S3,075,416
VS.. deficit S3,430,989.
Florida East Coast Railway deficit.
IL months ended November 30, 1884,
was S2,623,1l1 VS.. deficit S3,0l9,513.
Reading Co. common share earn
ings, II months ended November 80,
1884, were S188 VS.. $3.50.
Wabash Railway-Public Works Ad-
miniStrator Ickes announced granting
of loan of S2.35O,O 900 for new bridge
to be constructed by Wabash st.
Charles Bridge Co., subsidiary of COM
pany, across Missouri River at st.
Charles Mo.
Western Pacific Railroad Corp
Deficit of operating subsidiary, West
ern Pacific Railroad Co., in II months
ended November 80, was $1,436, ,04O VS..
deficit s1,935, ,305.
United States Steel Corp-Company
restored to certain of its employees SAL
ary cuts and re-established the rates
effective September l. 1894: it is con-
templated to restore Saturday work to
those salaried employees whose services
are required full time; it is these en-
ployes whose salaries will be restored
to the rates prevailing prior to Sep
tember l, 1884.
American Water Works & Electric
output of electric subsid-
taries in December was 11.8 per cent
above year previous; in II months
gain was rs per cent.
Mackay CoS.-Land-line operations
of Postal Telegraph-Cable Co., only in
November resulted in a net loss of
$273,667 VS.. net loss of $358,736 in
1888; in II months net loss
was So, ,338,474 VS.. net loss of 81, ,457 ,627.
Public Service Corp. of New Jersey
1884 preliminary net income after
debit adjustment of surplus was $685.
352.951 VS.. 26,375,236.
United Gas Improvement Co.-Elec-
trio output of system for week ended
January IL increased 6.7 per cent; for
week ended January output was So
per cent above 1888 period
Standard Oil Co. of New Jersey
Proposes to register under securities
act of 1888 and on New York Stock
a $4,000, 900 issue of capital
stock, which it intends to make avail
able to its employees; there are 100000
shares involved.
United States Steel Corp.-Subsid-
iary, Carnegie Steel Co., received an
order for "a 600 tons of 130-pollnd