Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-10-05
Liverpool Grain Prices
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS


ton news, prepared by Standard Sta
tistics Co, Inc, New York:
United Engineering g. Foundry
Co-American Rolling Mill has or
dered from company an 80-inch hot
mill stand to supplement existing
stands of continuous hot mill train
at Middletown, Ohio, which is being
widened to 80 inches.
Bush Terminal Cot was said re-
organization plan proposed for COM
pany by committee for preferred
stockholders of Bush Terminal Build
ing Co. provided that Bush Terminal
Co. issue S2,002,400 of new class A
preferred IN lieu of the inter company
debt and confirm title to Buildings Co.
OF Bush House, Ltd, of London; it
also was proposed that the present
$1,000, 900 7 per cent preferred stock
Of Buildings Co. control the board of
directors and that stockholders re-
ceive for the sl,470,000 of accumu-
lated dividends like amount of pre-
ferred B stock of Terminal Co.; it
also was proposed that holders of 7
per cent preferred stock, on which
sl,203,000 of accumulated dividends
was due, receive new SIS par deben-
ture voting trust certificates share for
share and present common stock be
exchanged for voting trust certificates
for new common stock.
Glidden Co.'s of September IS,
1885, company raised selling prices on
wide list of products ranging up to
so cents a gallon on luster- finish
varnishes; it was stated that further
higher prices were in prospect be-
cause of recent sharp advances in raw
material costs; sales in first IS days
OF September totaled S1,666,007,
against s1,36O,0S7 in like 1884 period,
gain Of 22.5 per cent; it was stated
that company's raw material inven-
tories are sufficient for estimated pro-
duction requirements until July, 1896;
that such inventories were acquired
at substantially less than present mar
ket prices, and that inventory SIR
plus would exist on October 81 in
every raw material used in company's
business.
Colon Oil Corp deficit, six months
ended June 80. was $76,9l4, VS.. deficit,
$833,914.
Missouri-Kansas Pipe Line Co.
Receiver of company filed an &C
counting suit in Federal Court, Chi
cago, alleging that former manage
ment owed company sl8,3o3,346;
suit charged that directors permitted
bankers to rig" stock market with
proceeds from sale of $4,000, 900 of
company's stock; bankers repaid only
$4,000, 900, he claimed.
Chicago, Milwaukee, st. Paul &
Pacific Observation-Disclosures of R. F.
C. stated reorganization plans filed
with I. c. C. for company must be
redrafted because of the increased tax
burden roads are required to meet
under new legislation enacted in re-
cent session.
Chicago &, North Western Railway
1t was said f1ve-year moratorium plan
still is being considered by large
bondholders; if moratorium fails to GO
through the next step will be the
submission of a plan calling for q
permanent and drastic scaling down
of fixed charges.
Missouri-Pacific Railroad - Chair
man of r. F. c. stated that reorgani-
zation plans filed with I. c. c. fol-
company must be redrafted because
Of the increased tax burden roads are
required to meet under new legisla-
ton enacted in recent session.
Ludlum Steel Co.-Company filed
with Securities and Exchange Com
mission q registration statement seek
ing to issue 1921 shares Of common
stock, 81 par, to be offered around
October 20; proposed maximum offer
ing price would be $24 a share: ap-
proximately 100000 of the proceeds
from sale Of stock would be used for
acquisition of stock Of the Walling-
ford Steel Co. and remainder added
to working capital.