Evening star., 1935-09-24
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, september 24.-I1e
following is today's summary of cor
poration news prepared by Standard
Statistics Co., Inc, New York:
Packard Motor Car Co-Productinn
schedules call for manufacture Of
10000 small cars and 5000 of large
PackardS between now and october !,
1886, which would compare with pre-
duction Of $4,000 cars Of both series
in past II months; plants are already
in full production of both cars
Hercules Motors Corp-Commcn
share earnings, six months ended
June 30, were 70 cents vs. 80 cents
Equitable Office Building Corp -
July quarter common share earnings
before special reserve for deprecia-
ton were 6 cents against l6 cents:
after allowing for this reserve net
was t1,o84 in 1885 July quarter
against IL cents a share in July Qudr-
ter of 1884.
Commercial Solvents Corp.-Nev
English plant is expected in operation
by middle of October
Burns Bros.-Hearings before ref
cree on reorganization have been post
poned to october %.
National Baking Co. net income
year ended June 80 was 62,27l, equal
to s5.43 a preferred share, VS.. deficit
$S5 ,594.
Reed Roller Bit Co.-Common share
earnings, five months ended May
81. were $1.18.
Dome Mines, Ltd-Directors con-
flrmed action of officials in purchas-
ing Foley-O'Brien property contiguous
to its main mines; this purchase,
added to previously confirmed pur-
chases Of Goldale and Foster proper
ties, practically doubled territory Of
Dome Mines.
Sheaffer CW. Al Pen Co-Common
share earnings, six months ended Au-
gust 81, were 81 cents.
Amerada Corp-Amerada Petroleum
Corp, subsidiary, and Sunray Oil
Corp, have completed jointly a well
in oxford pool of Sumner County,
Kans., for 37,465 barrels of oil daily.
Atchison, Topeka & Santa Fe Rail-
way-Company is spending about s4,-
100000 on road improvements.
Southern Pacific Co.-August net
railway operating income was Sl,784.-
837, VS.. S1,841 ,805 in August, 1884;
in eight months net railway operating
income was $l0,121 ,627, VS.. $40 ,134, 1873.
Pan-American Airways Corp-First
half traffic Of corporation was A per
cent above like 1884 period
Hupp Motor Car Corp-Court Is
sued an order dissolving the injunc-
ton which restrained the officers and
directors Of the corporation from TAX
ing any action at the annual stock
holders meeting September IL other
than that of adjourning from time to
time; order was granted after the
court heard argument on a motion
to dismiss the order, entered by attor-
neys for the motor car corporation;
sales in first seven months of 1885 to-
tailed 6.841 cars
Young q. Az Spring g. Wire
Corp.-L. A. Young, president, was
quoted as stating that management
has renewed all contracts which have
expired and expects to renew those
which will be running out in near
future; each of plants recently re-
opened is doing well; Chicago plant
materially increases company's West
ern and Central business and Toronto
has increased bedspring output in
Canada.
Radio Corp. of America-It was
said that with earnings in last half
running well ahead of rate for the
initial six months, corporation appears
to have an excellent chance of cover
ing full SIS dividend requirements on
the B stock this year.
Illinois Central R. R.-President
said he does not anticipate any
further borrowing will be necessary
during 1885.