Evening star., 1935-12-15
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

Il
NEW YORK, December 14.-The
following is today's summary of cor
poration news, prepared by Standard
Statistics Co., Inc, New York:
Libbey- Owens-Ford Glass Cot
was said a 5-cents-an-hour wage
increase will be granted to company's
workers under agreement reached in
Toledo recently.
Allis- Chalmers Manufacturing Co.
Production of tractors and farm i'm
plements is being continued by COM
pany at its regular rate during nor
mally slack period for the first time
in several years.
Food Machinery Corp. registration
statement, filed December IL, 1885,
with Securities and Exchange Com
mission covering 10000 shares of Az
per cent convertible preferred stock,
$100 par, disclosed that Kidder, Pea
body & Co., New York, has agreed to
underwrite 1888 shares and Mitchum,
Tully e. Co., San Francisco, 6,667
shares; in event offering price to
public was less. than $l01 share,
underwriting discounts or commits
sions would amount to So share; in
event offering price was $101 share
or more, underwriting discounts or
commissions would be $3.50 a share.
Baldwin Locomotive Works-Orders
taken by company and subsidiary con-
Germs, including the Midvale Co., for
November are reported at $2,311, 739
VS.. 81 1,305, ,655 in October and S2,793,-
l09 a year ago; total bookings for
the first IL months Of 1885 are re-
ported at $l6,444, 1865 VS.. $20,625, ,702
in like period year ago; consolidated
shipments in November totaled ST.
228, ,096 VS.. S2,119,417 in November,
1894; in IL months shipments totaled
$l9,095,932 VS.. $14,928,583; untitled
orders on November 30, 1885, were
$6. 739 ,683 VS.. S9.462, ,712 on January
l, 1885, and S10,o08, ,527 on November
80, 1884; an order for the hydro
electric turbines was received by the
Baldwin Southwark Corp, a Subsid-
iary, from the Government and is
valued at 100000.
New York Central Railroad-Di-
rectors Of Chicago River & Indiana
Railroad Co., a wholly owned subsid-
iary, declared q distribution of So
100000 out of accumulated funds for
last four or five years.
Transcontinental g. Western Air.
mc.-Company announced a reduction
of S1.05 in the fare between Pitts
burgh and New York; fares to other
points in the country have been cor
respondingly reduced; 10 per cent
reduction is offered on round trips.
Island Greek Coal Co.-Coal mined
in November totaled 1853 1856 tons VS..
303,864 in November 1884; in IL
months total was 3,254,635 tons vs.
3,237.577.
Pond, Greek Pocahontas Co.-Coal
mined in November totaled l63.473
tons VS., 1885 in November, 1894; in
II months total was lab ,202 tons VS..
1,441 1865.
Central r. r. Of New Jersey-De-
ficit. 10 months ended October 81, was
s1,673. .66s VS.. deficit s1,15I, ,2o3.
Chicago g. Eastern Illinois Ry.-De-
ficit. 10 months ended October 81, was
$1,405, ,987 VS.. deficit $1,426, 1856.
Missouri Pacific r. R.-Def1cit. 10
months ended October 81, was S13,-
o4S,5 ,55a vs.. deficit $11 ,06S,e32.
Consolidated Gas Co. of New York
Electric output of system for week
ended December 7 showed an increase
of 7.8 per cent over like week of 1884
compared with an increase of per
cent for preceding week.
Public Service Corp. of New Jersey
Electric output of system for week
ended December showed an increase
of 1875 per cent over like week of
1884 compared with an increase of
121 per cent for preceding week.
International Harvester Co.-Presi-
dent stated earnings for 1885 are ex-
pected to be more than sufficient to
cover the company's preferred divi-
dend; he declared the outlook for
1886 is most promising.
Consolidated Textile Corp-Com-
pany filed voluntary petition in Fed
eral Court, New York. to reorganize
under section VV-B of bankruptcy act;
it was stated that in order for COM
pany to continue in business and COM
pete with other textile manufacturers,
it will be necessary to modernize the
plants and install new machinery,
which it is estimated will require
additional capital of Sl,750,000.
International Shoe Co.-Company
increased prices cents to Is cents a
pair on all its lines.
Thompson Products, Inc-Com-
pany called special meeting of stock
holders for January Is. 1886, to vote
on creation of 10000 shares Of S per
cent prior preference stock and an in
crease in authorized common stock
from 100000 to 100000 shares; it was
proposed to retire the present 7 per
cent preferred stock and to eliminate
bank Indebtedness: program also
would provide funds to finance in
part the recent acquisition of Toledo
Steel Products Co.. present preferred
is redeemable on 80 days notice at
110 and accrued dividend; it was
stated that retirement of present pre-
ferred would open the way for re-
sumption of common dividends, when,
in opinion of directors, such payments
were warranted; arrears of sinking
fund on present preferred have pre-
vented payment of dividends on the
junior issue.