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

NEW YORK, May 18.-The follow
ing is todays summary Of corporation
news, prepared by Standard Statistics
Co., Inc, New York:
Curtis Publishing Co.-Company an
nounced that effective in January,
1886, the 10 per cent discount on ad-
vertising rates of Saturday Evening
Post will be eliminated; average cir
culation in first three months of 1885
was 1885 900, increase of about 100000
over year ago.
Chrysler Corp.-Plymouth deliveries
IN the 100 leading cities in this country
totaled 49,798 units in first 10 weeks
of 1885, against 36,496 in like period
of 1884. an increase of 1854 per cent,
while deliveries in the entire country
of 146,350 cars are up 40.3 per cent
over the 104.3l4 units delivered in
same period last year; sales in week
ending May II totaled 9,435 cars.
General Motors Corp.-Sale of Pom
tiacs for 1885 are expected to total
100000 cars, or more than twice their
1884 volume.
International Cement Corp-March
quarter common share earnings were
18 cents, VS.. 8 cents.
Armour & Co. Gllinois)-A resolu-
tion has been adopted by directors of
Armour & Co. (Delaware) recon-
mending an amendment in certain re-
spects of the Mortgage Security Co.'S
51a per cent bonds, due in 1943, to
pave the way for a possible refunding
of these bonds and Morris & Co. AZ
per cent bonds, due in 1899; directors
Of Armour & Co. Illinois) declared a
dividend of S1.50 share, applicable
to accumulations on outstanding
shares of 7 per cent preferred stock
not yet converted into prior preferred
and common stock; distribution will be
made July to holders of record June
10, 1885, and represent the first pay
ment on per cent preferred since
January 2, 1881.
American Zinc, Lead and Smelling
Goa special meeting of stock
holders of this company has been
called for June 81, to consider plans
for elimination of accumulated divi-
dends of $3.50 share on present S6
preferred stock, for each share of eX-
listing preferred it was proposed to
give one share of new SIS prior pre-
ferred convertible stock and six shares
of common; the $4,000 shares of
present preferred unissued or repur-
chased would be Cancelled, leaving
rs 900 shares to be dealt with under
the plan; dividends on new prior pre-
ferred stock would not be cumulative
until after July /, 1889; each share
of new prior preferred would be con-
vertible into four shares of common.
Atchison, Topeka & Santa Fe Ry.-
Subsidiary, Western Improvement Co.,
had net income in 1884 of $1,602 PAT.
General American Transportation
Corp.-March quarter common share
earnings were 80 cents VS.. a. cents;
decline in company's net during first
quarter was said to have resulted
from sharply reduced refrigerator car
earnings caused by curtailed ship
ments Of meat products; improve
ment in tank car loadings and profit
sble new-car manufacture in second
quarter indicate substantial increase
in earnings over the like 1884 period
Pennsylvania r. r. March quarter
common share earnings were 10 cents
VS.. "a cents.
Mcclellan Stores Co.-Profit of cor
poration before depreciation, amorti-
zation and homecoming charges
during first four months of 1885 was
$166,741; April profit was SIP 1892 VS..
s82,246 in April, 1884.
Allegheny Steel Co.-Plants are
operating at about IS per cent of
capacity, with three shifts working;
sufficient business is on the books
to keep plants running at that rate
until end of current quarter.
Laclede Steel Co.-It was stated
that this companys two-year 51a
$650,000. maturing November l, 1885,
have been taken care Of ahead Of
time
Newton Steel Co.-Monroe, Mich,
plant of company is scheduled for re-
opening May 20.
American Crystal Sugar Cocoon
mon share earnings, year ended March
81, were S241 vs. S198; company, in
formal notice of annual meeting June
II, at which the plan to eliminate
preferred dividend arrears was sched-
uled to be acted upon, said it was
expected that cash dividend of So
share on existing preferred stock
would be declared In immediate fu-
ture to reduce the accumulations to
$50 a share.
Commonwealth Edison Co.-Com-
pany filed with Securities and Ex-
change Commission a registration
statement under securities act Of 1888
seeking to issue $29,500,000 3a4 per
cent bonds.
Kansas City Southern Railway
April net railway operating income
was $71,743 against $143,144: four
months net railway operating income
amounted to $238,165 against S442, 1896.
Louisville g. Nashville Railroad
March quarter common share earn
ings were so cents, VS.. $1.67.