Evening star., 1936-06-10
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK. June l0.-The follow
ing is today's summary of corporation
news prepared by Standard Statistics
Co., Inc. New York:
Mack Trucks, Inc.-It was said that
this company booked about 1850, 900
of new bus business during past month
Packard Motor Car Co.-Production
of company in May, 1885, totaled g.
1T cars, against SSH in May. 1885,
an increase of II per cent; sales in
May. 1886. exceeded production and
shipments by II per cent.
Studebaker Corp.-May factory sales
were reported at s,705 VS.. l0,053 in
April. bringing first five months total
to 40,0os.
Monsanto Chemical Co.-Stockhold-
ers of company subscribed for 100, ,706
shares of common stock out of the
101.31o shares recently offered to
stockholders at $50 share.
General Motors Corp.-Retail de-
nveries of Chevrolet cars and trucks
in May. 1886. totaled 129,8l6, a record
total for the period; May. 1886, used
car sales by Chevrolet dealers set a
high of 229, 9,223 units.
Radio Corp. of Columbia
Pictures Corp. has signed a lo-year
sound recording license agreement
with Photophone division Of r. C. A.
Manufacturing Co., whereby the pic
ture company will utilize r. c. A. sound
recording equipment in its film pro-
duction; the Twentieth Century Fox
Film Corp. has signed a similar license
agreement with r. c. A.; under the
contract terms Columbia and Twen-
tieth Century-Fox will pay consider
ably lower sound royalty fees than in
the past.
Fairbanks. Morse e. Co.-Bankers
offered $6,0o0,00O of 4 per cent de-
bentures Of company, due 1856, at SO
per cent.
Eastern Steamship Lines. Inc. -
Deficit, four months ended April 30,
was s312,584, VS.. deficit of s56O,453.
Penney q. c. Co. May sales were
up 2l6 per cent; months up l24
per cent; sales for May and five
months ended May 81, 1886. estab-
lished records for these periods.
Associated Gas g. Electric Co. net
electric output of system for May in
creased 95 per cent over May. 1895;
for II months ended May gain was
s.4 per cent.
Canadian Hydro Electric Corp. Ltd,
March quarter first preferred share
earnings were s3O7 VS.. SAT-.
Dome Mines. Ltd.-Value of pro-
duction. including premium, in May
totaled s5l3,482, VS.. s626.679; in 5
months total was s2.s29,576, VS.. s3,-
$1,000.
Remington Rand. Inc.-Company
announced that strike of workers at
Marietta, Ohio, is settled and plant
has reopened and is running full
force; there was no change in wages
and hours.
General American Oil Corp.-This
company has taken over the holdings
of 18 independent companies operat-
ing in the East Texas field.
Brown Co.-It was reported City
NOALlL1l O1 oCI All. ~. H. Ildo
granting of another 100000 loan by
contract for the wood cutting opera
tions of company.
Northern Pacific Railway deficit,
four months ended April 30. was s3,-
744.148, VS.. deficit of s4,33o,l06
United Gas improvement Co.
Company is negotiating with Pennsyl-
vania Public Service Commission and
officials for Columbia Gas & Electric
Corp. for the supply of natural gas
to four Of its subsidiaries in Pennsyl-
vania.
Western Massachusetts, Co.-Com-
pany called for payment July 6, at
1011a, entire issue of its per cent
notes due August /, 1889.
Republic Steel Corp-It was said
this company will acquire Canton Tin
Plate Corp. for cash on July i, 1896.