Evening star., 1935-05-19
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS.

NEW YORK. May 18.-The follow
ing is today's summary of corporation
news. prepared by Standard Statistics
Co., Inc, New York:
Goodyear Tire & Rubber Co. of Can
ada, Ltd.-Company announced that
its outstanding per cent cumulative
preferred stock, $100 par, would be re-
deemed in Canadian funds on June II,
1885, at l10 and accrued dividend of
$3.50 share, and that new issue of
$4,000, 900 per cent cumulative pre-
ferred, $50 par and redeemable at
$3.50 a share, would be sold out Of
an authorized amount of $4,000 600
Present preferred stockholders would
receive rights to subscribe to 10000
shares of the new per cent preferred
stock and $4,000 shares have been
underwritten and will be offered to the
public. Existing common stock largely
held by Goodyear Tire & Rubber Co
of Akron, Ohio, will be split two shares
for one Creation of new per cent
preferred stock. $50 par, would be ac-
compliShed by reducing present au-
thorized, but unissued, preferred stock,
500 par. to S8,000,000 and changing
the par to $50.
Kelly-Springfield Tire Co.-Prefer-
ence Stockholders Committee has eX-
pressed opposition to the terms of plan
of reorganization of company as re-
Gently proposed by trustees of the
company. Committee asserts that OF
the $4.l36,084 in cash and Goodyear
common stock which would be distrib-
uted under the plan, Ala per cent
would go to the noteholders, 2l.2 per
cent to preference holders and 3l5
per cent to common holders.
Cherry Burrell Corp. - Common
share earnings, six months ended April
80, were $187. VS.. 38 cents.
American Safety Razor Corp
March quarter common share earn
ings were $l.5l, VS.. Sl.l8.
United States Distributing Corp
March quarter preferred share earn
ings were 80 cents. VS.. 95 cents.
Crown Zellerbach Corp. - Federal
Trade Commission has entered an
order dismissing its complaint charg-
ing this company with violation OF
Clayton act IN connection with acqui-
sition of Crown Willamette Paper Co.
several years ago.
Atchison, Topeka g. Santa Fe Ry.-
March quarter deficit was S2,286, ,29l
VS.. deficit $1,064.395.
Atlantic Coast Line R. R.-March
quarter common share earnings were
Sl19. VS.. $3.50.
Baldwin Locomotive Works-Plan OF
reorganization of company will be
ready for submission to the United
States District Court in Philadelphia
in the near future.
Baltimore & Ohio r. R.-March
quarter deficit was $621 ,7O8, VS.. deficit
Sl.950.854
Delaware & Hudson Co.-March
quarter deficit of Delaware & Hudson
R. R. Corp, operating subsidiary, was
$l.020.6l7. VS.. deficit 1887 ,l66.
New Orleans, Texas & Mexico r. r.
March quarter deficit was $53l ,805
VS.. deficit $10l,485.
Seaboard Air Line Ry.-March quar-
ter deficit was Sl,819,19 VS.. deficit
s1.191, ,9O7.
Southern Ry. Co.-March quarter
deficit was $1,l24 ,924, vs.. net income
$31,743.
Union Pacific R. R.-March quar-
ter common share earnings were 36
cents, VS.. SLOT.
Murphy (G. c. Co.-Company
plans to call for retirement on July l
at 1O3 the per cent debenture issue
due July /, 1910; as of December 81,
1884, the outstanding debentures
amounted to sl,064,000; funds for the
retirement are being furnished by
banks.
Detroit Edison Co.-Common share
earnings, II months ended April 30,
were SALT, VS.. S5.64.
Mississippi River Power preferred
share earnings, II months ended
March 81, were S16.44, VS.. S10.47.
North American Edison Co.-Pre-
ferred share earnings, II months
ended March 81, were sl6.l5, VS..
Sl7.42.