The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-23
LATEST NEWS
OF COMPANIES
Developments, Happenings
Revealed by Leading
Corporations.

A summary of corporation news
prepared by the Standard Statistics
Co., Inc, New York, follows:
American Rolling Mill Co. last
week operated at an ingot rate of
about 70 per cent of capacity, which
equaled highest schedule attained
at any time in 1884. 1t was stated
finishing operations are holding at
about rs per cent of capacity. 1t
is believed that a substantial net
profit will be shown for January,
1885.
Baltimore & Ohio Railroad plans
to air-condition about ITO cars at an
average cost of around $4,000 a car
in 1885; in 1884 road air-conditiond
283 cars.
Boston Wharf Co. 1884 common
share earnings were 1857, against
1892.
Corrigan- Mckinney Steel Co. in
got production at company's plants
is around 90 per cent of capacity.
Electric Power Association net
asset value on Dec. 81, 1884, equaled
$6.71 a share, against $7.55 on Dec.
81, 1888.
Federal Communications Commits
sion presented to Congress legisla-
ton permitting mergers of COM
panies "solely or principally" en-
gagged in telegraph, cable or radio
communications business; outlaw
ing exclusive occupancy provisions
in telegraph company contracts and
placing stringent limitation on is
suance of franks.
General Motors Corp.-DealerS Of
Pontiac Motors Co. are expected to
require 10000 cars in first quarter,
more than double the shipments in
first quarter of 1884 and more than
half total production by Pontiac in
full year 1884. January output of
Pontiacs is expected to total $4,000
units against 100 units at end of
January, 1884.
HARRISON Walker Refractories Co.
Declared dividend of IS cents
on the common stock. The company
paid 1917 cents Dec. /, 1884.
Houdaille- Hershey Complaints
in the United States are running
at capacity. Production is at the
highest level for any January since
1929.
Illinois Bell Telephone Co.-Dur-
ing 1884 added about $4,000 addi-
tional telephones to its system in
Chicago and about 5,400 in Illinois
outside Chicago. An additional 1000
were installed for the state as a
whole during the first half of Janu-
airy, 1885.
Mesta Machine Co. was said to
be operating at capacity with enough
business on hand to maintain that
rate for year.
New Orleans, Texas & Mexico
Railway deficit for the eleven
months ended Nov. 80, 1884 was ST.
364,203, against deficit $2,004,623.
New York Central Railroad PWA
allotment of s2,50O,O0O made last
spring for rails has been increased
to $3,7O6 900.
New York Shipbuilding Corp. def
cit for the nine months ended Sept.
80 was $67,177, against net income
$142,325.
Otis Steel Co. current bookings
are said to be sufficient to assure
continuation of near capacity pro-
duction through February, 1885. 1t
is understood that company has
operated at a profit since end of
November, 1884.
Plymouth Oil Co. 1884 preliminary
common share earnings were IS
cents, against 5 cents.
Pressed Metals of America de-
clared a dividend of 2 per cent, pay
able in stock. The company paid
614 cents in cash Jan. 2, 1882.
Republic Steel Corp. stainless
steel business in 1884 was sub
greater than in 1888 when
the volume exceeded that Of 1882 |
and 1881 completely.
Seeman Bros. Inc, common
share earnings for the six months
ended Dec. 81, 1884, were $199, |
against sta.
Celotex Co. has called a meeting |
of directors for Feb. 7, to consider a
plan of action by company with re-
spect to proceedings for reorganiza-
ton instituted by its creditors I'M
der section 77-B of amended bank
ruptcy act in Federal court, Will
Del.
Erie Railroad December net rail-
way operating income was S709, OCT,
against S750,477 in December, 1893.
In the twelve months net railway |
operating income was Sl2,699,832 |
against S12,523,148.
Great Northern Iron Ore Proper
ties 1884 common share earnings
we're 81 cents, against 10 cants.
Kelvinator Corp. declared a divi-
dend of 1919 cents on capital stock. |
On Jan. 2, 1885. a like amount was
paid along with an extra dividend |
Of 20 cents share. Deficit for |
the quarter. ended Dec. 81, 1884, was
$500. 1922. against deficit S341,935,
Whitaker Paper Co. 1884 prelimi-
nary common share earnings were
1854, against S3.l5.