Evening star., 1935-09-08
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

following Is tOQayS summary Oh
corporation news. prepared by Stand
ard Statistics Co., Inc, New York:
Ex-Cell-O Aircraft g. Tool Corp
United States Navy Department has
awarded a contract for 1l8 fuel injec-
tion pumps for Diesel engines to this
company.
Hupp Motor Car Corp.-An inde-
pendent Stockholders Committee for
company is recommending that stock
holders deliver their proxies for annual
meeting to A. NJ. Andrews, director.
Long-Beu Lumber Corp-Stock-
holders approved reorganization plan
of Long-Bell Lumber Co., subsidiary.
Otis Elevator Goa contract has
been awarded to this company for
installing an elevator plant in Depart
ment of Interior building, on bid Of
S529,4e6.
SherWin- Williams Co. Of Canada,
Ltd.-Declared dividend Of SITS on
preferred stock; giving effect to this
distribution, arrears on this issue
amounted to $12.25 share.
Transamerica Corp.-President stat
ed that it was intention of manage
ment to take necessary legal steps to
cancel 439, ,467 shares of capital stock
retired to treasury since first Of 1885
and an additional 1,l47,970 shares
previously acquired.
Mapes Consolidated Manufacturing
Common share earnings, 6 months
ended June 80, were S192 VS.. S255.
Ferro Enamel Corp-Declared a
dividend of 20 cents on common stock:
on June 20. 1885, a dividend of Is
cents share was paid on this issue.
Pennsylvania grade crude oil price
advanced 5 cents a barrel by several
leading pipe line companies
Associated Oil Co-Company has
reduced price of regular, premium and
third-grade gasoline cents a gallon.
Richdeld Oil Co. Of California
Company reduced price of gasoline 2
cents gallon at all points in Pacific
Coast territory not hitherto affected
by price cuts.
Standard Oil Co. of California
Company reduced price of gasoline
2 cents a gallon at all points in
Pacific Coast territory not hitherto
affected by price cuts.
Shell Union Oil Corp.-Subsidiary,
Shell Oil Co. of California, reduced
retail price of gasoline 2la cents a
gallon throughout its territory, with
exception of areas where prices pre-
viously had been reduced.
Union Oil Co. of alifornia-Com-
pany reduced price Of gasoline 9 cents
to 212 cents gallon in all areas not
yet affected by gasoline price re-
ductions.
Revenue freight carloadings in
week ended August 81 totaled 679.861
cars, an increase of 53,488 cars over
the preceding week, and an increase
of 32,330 cars over the like week in
1884, and also in increase Of 6,O83
cars over the same week in 1888, ac-
cording to the Association of Ameri-
can Railroads.
Chesapeake & Ohio Ry.-A syndi-
cate headed by First of Boston Corp.
bid in for l01.0713 an issue of So
100000 Of company,s equipment trust
3s. maturing S6O0,OO0 each year from
October l. 1886, to 1850; immediate
reoffering was made at prices to yield
IS Of per cent on the 1886 maturity
up to 3.o5 on final maturity.
Grant (W. T) Co.-August sales
were up SO per cent; months up
9.8 per cent.
Kress Is. H. & Co.-August sales
were up 81 per cent: 8 months up
O.2 per cent.
Newberry q. j. Co.-August sales
were up 104 per cent; 8 months I'D
"A per cent.
Truscon Steel Co.-Company re-
ceived a contract for 1850 tons of
reinforcing steel for metropolitan
water district, Los Angeles.
Edison Electric Illuminating Co.
OF Boston-Company established a
new production record during Au-
gust; output in July also was at
record levels.
Memphis Power & Light Co.
PREFERRED snare earnings, IL months
ended July 81, were $16.12 VS.. $14.16.
New York Telephone Co.-July net
operating income was $2,037,2eo VS..
81, 2,l49,O62; in 7 months net operating
income was s1s,192.772. VS.. s2U,-
348,352.
Southwestern Bell Telephone Co.
July net operating income was ST..
524,564, VS.. s1,1s6,85o in July, 1884;
in months net operating income
was $9,860,830, VS.. $8,789,835.
Pennsylvania Power g. Light Co.
Combined preferred share earnings.
IL months ended July 81, were $l4.o2,
VS.. S1536.
West Texas Utilities Co.-Declared
dividend of rs cents on Sc preferred
stock; giving effect to this distribu-
ton, arrears amounted to S67s