Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-08-25
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

lowing Is today's summary Of corpo-
ration news prepared by Standard
Statistics Co.. Inc, New York:
Warren Bros. Conductors Of
company voted to defer the Septem-
Der interest on 51a per cent sinking
fund notes and convertible per cent
sinking fund debentures; q plan for
the protection of holders will be pre-
pared by company in cooperation
with bankers and 1t Is expected plan
will be submitted shortly: 1t was said
no details as to the plan in contem-
plation were obtainable, but it Is
understood that management, In CO.
operation with underwriters, hopes
to secure assent Of bondholders to
some form Of temporary moratorium.
Mesta Machine Co.-Company re-
ceived an order from Jones & Laugh
lin Steel Corp. for q four-high tenn
per mill to be installed In It's tin plate
department.
Lehigh Valley Rsilroa6-July net
railway operating deficit was $230, GOT.
VS.. net railway operating income Of
S27.s34; in seven months net railway
operating income was S2,883 ,308, VS..
net railway operating income Of
sS,3ls,3s1.
st. Louis Southwestern Railway
Deficit. seven months ended July 81,
was 1884,, 1868, VS.. deficit, s443.076.
Southern Pacific Co.-July net rail-
way operating income was 81, 433 ,l99.
VS.. s1,876,452 in seven months net
railway operating income was 1885,
100. VS.. $8,292, 1928.
Western Pacific Railroad Corp
July net railway operating deficit for
Western Pacific Railroad Co.. sub
sidiary, was $51,791, VS.. net railway
operating income of $l85,058 in July,
1894; in seven months net railway
operating deficit was s53,944, VS.. net
railway operating income Of $5ss,s33.
Jewel Tea Co.-Securities and Elk
change Commission made public SAL
aries Of officials of company which
latter had filed with request that they
be kept confidential: statement dis
closed M. II. Karker, president, re-
ceived $87,860, of which $4,000 was
his salary, s45,720 his share under
company's prof1t-sharing plan and
$40 was directors fees: r. M. Kasch,
vice president, received $22,l05, of
which Sl0,6l5 was salary, 81. 430 was
q share of profits and $50 was direc-
tors fees.
Poor & Co.-Common share earn
ings, six months ended June 80, we're
10 cents, VS.. So cents; net billings for
quarter ended June 80 were $1,155,-
900, against sl,7s8,000 q year ago;
during first six months Of 1885 COM
pany billed s2,263 900 of sales, COM
pared with s2,675 900 a year ago.
General Gas & Electric Corp.-Net
income, IL months ended June 80,
was $32,594, equal to 5 cents per
share of combined preferred stock,
VS.. deficit of $449,063
Houdaille-H Hershey Corp.-Directors
Of company will meet September 10.
at which time consideration will be
given to payment of q dividend on
class B stock, last disbursement of
which was 80 cents share on July
l, 1880.
Billiard Goa cash order for $780,
900 in lathes and machine tools for
automobile factories of the Soviet
Union was placed with company by
Amtorg Trading Corp.
Socony- Vacuum Oil Co.-Company
filed with Securities and Exchange
Commission registration statement
proposing to issue $50, 600, 900 Of 81
per cent 15-year debentures, dated
October is, 1885, and due October IS,
1850; net proceeds would be applied
toward retirement Of outstanding as
year AZ per cent debentures of Stand
ard Oil Co. of New York. predecessor.
Jersey Central Power & Light Co.
Combined preferred share earnings,
IL months ended June 30, were $7.24,
VS.. s743.
Southern California Edison Co.,
Ltd. - Registration statement filed
with Securities and Exchange Com
issuance of s30.000,000 of first and
refunding mortgage 4 per cent bonds,
due 1860, and s27,500.000 of serial
debentures disclosed underwriters as
a syndicate headed by First of Boston
Corp; net proceeds of new first and
refunding mortgage bonds together
with certain funds of company will
be applied to redemption on Decem-
Der /, 1885, Of $29,30o,00o S per cent
first and refunding mortgage bonds,
due 1854, at los; proceeds from sale
of debenture issue together with other
funds of company will be applied to
redemption of 23,950,725 par value