Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-09-01
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, August 31.-The fol-
lowing is today's summary Of corpora
ton news prepared by Standard Sta
tistics Co.. Inc, New York:
Curtis Publishing Co.-Declared a
dividend of SITS on 81 preferred stock
giving effect to this distribution. ar
rears on this issue amounted to So a
share.
Pittsburgh Plate Glass Cocoon
pany has let contract for erection of
plant in Milwaukee to increase paint
manufacturing as part Of its recently
announced expansion program.
Socony-Vacuum OIL Co. Inc.-Su-
preme Court Justice O'Brien, New
York. denied an application by this
company and 10 other oil companies
for an injunction to restrain City Con-
troller Taylor from collecting city sales
tax on gasoline after State and Fed
eral taxes have been added to the pur-
chase price; court found that while
the controller is not authorized by law
to collect local sales tax on the total
price at which gasoline is sold to con-
sumner companies, which do not have
to pay the tax themselves, have no
standing in court; suit will, court
held, have to be brought by a con-
sumner.
Revenue freight carloadings in
week ended August "a totaled 626,373
cars, an increase of 1857 cars over
the previous week and an increase of
1886 cars over like 1884 week, but
decrease of l1,l37 cars below the like
week in 1888. according to the Asso-
citation of American railroads.
Baltimore & Ohio R. r. Deficit,
seven months ended July 81, was
So ,545. los, VS.. deficit S2,552.162.
Pittsburgh & West Virginia Ry.-
July net railway operating income was
1853. VS.. s2828S in July, 1894; in
seven months net railway operating
income was s5l6,544, VS.. S535.235.
Exchange Buffet Corp-July quar-
ter deficit was s43,162, VS.. deficit
s58,2eO.
Ryerson (Jpseph To e. Son. Inc
Stockholders of this company ratified
plan for merger with Inland Steel Co.
American Power & Light Co. pre-
ferred share earnings IL months ended
July 81, were $3.50, VS.. $1.8O.
Coast Counties Gas g. Electric Co.
Bankers offered 100000 first mort
1882; bonds are due in 1865; net pro-
ceeds from sale of this issue together
with available cash, will be- used by
company to redeem at los on Novem-
Der all outstanding first mortgage 5
per cent bonds series A.
American Light & Traction Co., sub
sidiary Detroit City Gas Co., signed
15-year contract with the Panhandle
Eastern Pipe Line Co. for purchase of
natural gas to be distributed in De-
troit beginning July l, 1886; Columbia
Oil & Gasoline Corp, controls half
interest in Panhandle Eastern with
Missouri Kansas Pipe Line Co., owning
the remaining half: expenditures on
pipe lines and distributing facilities
will amount to about $50 100000.
Minneapolis Gas Light Cocoon
bined preferred share earnings, IL
months ended June 80, were $3.50.
National Power & Light Co. common
share earnings, IL months ended July
81, were 81 cents, VS.. "a cents.
Borg Warner Corp.-Declared a
dividend of so cents on common
stock; on July I, 1885, a quarterly
dividend of 371a cents share was
paid on common stock; directors
authorized the redemption of 5000
shares of z per cent preferred stock
as of November 80, 1885, at $107.50
share plus any accrued dividends.
which will reduce outstanding pre-
ferred stock to 10000 shares.
Chesapeake & Ohio Railway-Com-
pany invited bankers to submit bids
for purchase of $9,645, 900 par amount
of equipment trust certificates of
1885, at a price not below par and
accrued interest; coupon rate will be
3 per cent.
Long Island Roalroad-Company
filed with New York Public Service
Commission a new schedule of COM
mutation rates involving increases
ranging from IS to 20 per cent in
weekly, monthly and school tickets,
effective October /; increases would
add between 81 ,275, 900 and s1,700, 900
to company's annual revenue
Pepperell Manufacturing Cocoon
pany increased prices of percales "a
cent a yard.
Consolidated Gas Co. of New York
Electric output of system for week
ended August a., showed an in