Evening star., 1935-10-20
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, October 19.-The fol-
lowing is today's summary of corpora
tion news, prepared by Standard Sta
tistics Co., Inc. New York:
Budd Edward g. Manufacturing
Co.-Net income, nine months ended
September 80, was $3l0,327. equal tc
S5.z1 preferred share, VS.. deficit
S87,282; company stated third-quartel
earnings were low because of inter-
ruption of production occasioned by
changing over OF tools for the 1886
models; good volume of sales is ex-
pected for the fourth quarter.
Johns-M -Manville Corp. - Common
share earnings, nine months ended
September 80, were $1.57, VS.. 26 cents
Minneapolis Honeywell Regulator
Co.-Common share earnings, nine
months ended September 80, were
e459, VS.. S247.
Mathieson Alkali Works-Commor
share earnings, nine months ended
September 80, were Sl.03, VS.. SO cents
president expects continuation of busi-
ness upward trend through fourth
quarter.
Square D Cot was reported that
plan adopted by stockholders of this
company to pay off accrued dividends
OF $687la a share on class A preferred
stock by issuance of a new share OF
class A preferred for each $2950 OF
arrears provided for payment in stock
only; previous reports that cash would
be issued to holders unwilling to &C
cept stock in payment are incorrect.
Wrigley (William) Jr. Co.-Com-
mon share earnings, nine months
ended September 80, were So, VS.. $500
National Aviation Corp-Liquidat-
ing value Of company's stock as Of
September 80 was $1258 a share,
compared with $12l6 a share on June
80, 1885, and $12.24 a share on De-
cember 81, 1884.
General Cable Corp.-Deficit, nine
months ended September 80, was $751;
345, VS.. deficit $161,O51.
Continental Can Co.-Common share
earnings, IL months ended September
30, were $423, VS.. 1888.
Ovens Illinois Glass Co.-It was
said indications are that early an
nouncement will be made of purchase
by this company of Libbey Glass Man
ufacturing Co. for about $5,OOO.0OO.
Ritter Dental Manufacturing Cot
was said operations at company's
factory, which have been at capacity
for last three months, have tapered off
slightly; however. company continues
TO operate well in black figures and Is
expected to maintain that position for
remainder of year; earnings of COM
pany for quarter ended September 80
are believed to have been best for
any quarter since 1881.
Burroughs Adding Machine Cot
was said because of company's tradi-
tionally liberal dividend policy and
good earnings, expectation of an in
crease in current 60-cent rate would
seem justified.
Underwood Elliott Fisher Co.-Com-
mon share earnings, nine months
ended September 80. were $2.78, VS..
$256.
Delaware & Hudson Co.-Deficit of
Delaware & Hudson r. r. Corp, oper-
ating subsidiary, eight months ended
August 81, was $1,966,331, VS.. deficit,
t2,O1s,772.
Gulf, Mobile g. Northern r. r. net
income, eight months ended August
81, was $101 ,932, equal to SO cents a
preferred share, VS.. deficit, Sl15,O94.
{ Louisville & Nashville r. R. COM
mon share earnings, eight months
ended August 81, were $1.59, VS.. S1.56.
Symington Co. deficit, nine months
ended September 80, was $215 ,908, VS..
deficit, S15o,714.
Union Pacific r. r. common share
earnings, nine months ended August
81, were $1.35, VS.. 1928.
General Motors Corp.--General Mo-
tors Acceptance Corp. announced a
new, low cost, simplif1ed plan for
financing purchase Of new General
Motors cars; plan is designed to ef-
feet substantial savings to purchasers
Of automobiles.
Commercial Investment Trust Corn
Subsidiary, Commercial Investment
Trust, Inc, stated that company soon
would announce revised car purchase
financing rates to all motor dealers.
American Locomotive Co.-Subsidi-
ary, Montreal Locomotive Works, Ltd,
obtained an order for five locomotives
from Canadian Pacific Railway.
AtchiSon, Topeka & Santa Fe Rail-
way-Company,s Diesel-powered train
established a new train speed record
OF 80 hours "a minutes for run from
Los Angeles to Chicago.
Kansas City Southern Railway
September net railway operating in
come was $178.775, against $157,521 in
September, 1884; in nine months net
railway operating income was $913,-
667, VS.. $1,088,836.
st. Louis-San Francisco Railway
deficit, eight months ended August 81,
was $8,412, ,065, VS.. deficit, $6,363,245.
Montgomery Ward & Co.-Company
plans to spend about $1,750,000 on
expansion of selling facilities of its
Albany and Portland units.
Interlake Iron Corp. deficit. nine
months ended September 30, was
$674,2 ,266, VS.. deficit, $635,261.
Otis Steel Co. common share earn
ings, nine months ended September
80, were 80 cents; in like 1884 period
company earned $4.90 q preferred
share.
Century Ribbon Mills, Inc, common
share earnings, nine months ended
September 80, were IS cents, VS.. "a
cents.