Evening star., 1935-05-26
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.


Co, Inc. New York:
Marmon Motor Car Co.-Petition to
reorganize company under amended
bankruptcy act will be heard in Fed
eral Court, indianapolis, on May n;
Judge Markey Of County Superior
Court. before whom the receivership is
being liquidated. said that he would
favor reorganization plan and would
cooperate with committee planning
reorganization.
Kelly Springfield Tire Cot was
announced that different distribu-
ton of cash and securities offered by
Goodyear Tire & Rubber Co. for Kelly
Springfield Tire Co. and an alternate
plan for reorganization II Goodyear
cash and securities cannot be availed
OF at this time are contained In the
proposed plan of reorganization for
Kelly-Springfield filed in Federal
Court at Baltimore by r. j. Levy, q
noteholder: under alternative one, the
plan proposes that noteholders receive
IS per cent OF par value in cash in
stead of IS per cent as proposed in
original trustees plan: second alterna-
tive as proposed by Mr.. Levy would
issue to noteholders IS per cent OF par
in new per cent notes due Decem-
Der l. 1888.
Texas Gulf Sulphur Cot was said
that options which have been secured
indicate the probable consummation
at an early date Of an arrangement
through which this company Will as
sumo operation. and perhaps control,
of Leviathan Sulphur Co. OF Los An
geles.
United Electric Coal Co.-Net in
come, nine months ended April 80. was
SAC. .905, equal to IS cents a common
share, vs.. deficit $25.445.
Cream of Wheat Corp.-Collection
of 81 ,038. .9O5 in corporate excess taxes
alleged due from this company for
1888 and 1894 was ordered by Min
nesota Tax Commission.
California Petroleum Corp. TO-
A subsidiary Of Texas Corp. mas
called for payment August l all OF
its outstanding per cent and 512
per cent debentures, due February l.,
1899, and November !, 1888, re-
spectively.
Plymouth Oil Co.-Common share
earnings four months ended April 80
were % cents, VS.. IS cents.
Central r. r. of New Jersey-Aprli
net railway operating income was
s47e,43e, VS.. $115,652; in four months
net railway operating income was
1858 VS.. $l.849,4lS.
Southern Pacific Co.-April net
railway operating income was 81 l,27o,-
1874, VS.. 1927 1928; in four months net
railway operating income was $780,
682, VS.. $l,S04,855.
McCrory Stores Corp.-1t was dis
closed that United States Corp. has
ACQUIRED 100000 of outstanding
81, SOC, 900 of 5l2 per cent debentures
of McCrory Stores Corp, as well as
about 10000 Of outstanding $4,000
preferred shares.
New York Shipbuilding Corp. r.
Metten, president. stated in a letter
to the mayor of Camden that COM
pany had lost $257.s65 in 1884 and
s16O,543 for first quarter Of 1885. To
grant demand for increase in wages
sought by union strikers, he stated,
would increase loss by $l,22s.55l an
nually.
Pennsylvania Power g. Light Co.
Preferred share earnings II months
ended April 80 were $14.33, vs.. 1888.
General Motors Corp.-Production
of 1885 Oldsmobiles has passed output
total for all Of 1884. 1t was expected
1885 production easily to exceed previ-
Gus record Of 103, 900 cars produced
in 1929; domestic retail sales of Buick
cars in second 10 days of May totaled
1892 units, gain Of 81 per cent over
2,IOO cars sold in first 10 days Of the
month and Al per cent over like
1884 period.
Chrysler Corp-Deliverie by Dodge
dealers in week ended May 18 totaled
7,498 Dodge and Plymouth passenger
cars and ], ,199 Dodge commercial cars
and trucks, against 1925 passenger
and 1.190 trucks and commercial cars
in week preceding; passenger car
deliveries in first 20 weeks this year
totaling 1881 units were up a.
566, or e84 per cent over correspond
ing period of 1884, while Dodge COM
mercial car and truck deliveries OF
2O,362 were up 1851 units. or al
per cent over like 1884 period.
Florsheim Shoe Cot was said
that on basis of partially completed
audit estimated net profit for six
months ended April 80, after interest,
depreciation and Federal tax pro-
visions, will be in region Of 100000,
compared with actual net of $780,
483 for six months ended April 80,
1894.
Pressed Steel Car Co.-Preferred
Stockholders Committee, headed by
J. F. Gilchrist, has rejected q plan Of
reorganization dated May 10, 1885,
presented by Bondholders' Protective
Committee, as unfair and inequitable
from standpoint of security holders;
his committee hoped to evolve, in q
short time, q plan Of reorganization:
counsel for Bondholders' Protective
Committee has filed objections to the
account filed by receivers in Federal
Court, Pittsburgh.
Butterick Co.-Committee headed
by T. J. Walsh notified holders of
debentures of Butterick Publishing
Co., now Butterick Co., that agree
ment has been reached on q reorgani-
zation plan proposed by the company
which would be promulgated in the
| near future.
Endicott johnson Corp.-Company'
sales and production this year are the
greatest in its history; 1t was stated
that sales were to 10 per cent greater
than during the same period Of 1884