Evening star., 1936-05-12
CORPORATION
REPORTS.
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

lll6 10 IOudy ouIillIidIy VI CUf UfpOIdLlOIl
news prepared by Standard Statistics
Co., Inc, New York:
Pittsburgh g. West Virginia Railway
Interstate Commerce Commission
has authorized this company to issue
100000 Of 3la per cent 10-year
equipments to refund certain obliga-
tions; under the program, road will re-
tire all outstanding 1925 and 1885
equipments and substantially reduce
its r. F. c.. R. C. c. and bank in
debtedness; in addition, road hopes in
near future to sell 1886, 900 Of its
Series D first mortgage bonds to reduce
further its Indebtedness.
Winn g. Lovett Grocery Co.-Sales,
four weeks ended April Is, were up Al
per cent; II weeks up per cent.
Woolworth IF. W. g. Co., Ltd.-De-
clared an interim dividend on ordinary
stock of Is cd, less tax; a similar in
terim dividend was declared at this
time in 1885.
United States Steel Corp.-Ship-
ments of finished steel products by
corporation in i.pril increased l96,355
tons to 79,907 tons, against 783,552 in
March, and SOL 1923 tons in April. 1885;
for four months ended April 80. 1886,
shipments totaied 3,16l,1s8 tons
against 2,376,976 tons in first four
months of 1885; April deliveries ex-
ceeded any month since June. 1880,
with the one exception Of June, 1884,
when the corporation sent out 985 1897
tons.
Bayuk Cigars, Inc. - Additional
shares Of common stock Of this COM
pany resulting from four r-for-one stock
split would be distributed on or before
May 81 at rate Of three shares Of new
stock for each share held Of record
May IS, 1896; New York Stock Ex-
change ruled that old common be not
quoted redistribution until further
notice and that all certificates deliv-
cred after May Is, 1886, must be &C.
companied by due bills.
Foster Wheeler Corp.-It was re-
ported that against total production
last year amounting to S5,9l4681
Foster Wheeler and its English afili-
ate in first three months Of 1885,
booked 2,7oo, 900 of new business; thi:
volume rate was not fully sustained ir
April; at present, 1t was stated, il
does not appear likely that the first
half of 1896 will end in the black: ir
first half Of 1885 Foster Wheeler had a
net loss of s15l.3l3.
Houston Oil Co. of Texas-March
quarter preferred share earnings were
38 cents VS.. "a cents.
Standard Oil Co. of California.-It
was reported that negotiations are un-
der way with Texas Co. for marketing
of Bahrein Island persian Gulf
crude output of Standard OIL Co. Of
California; California Standard has
been seeking a share Of forHign oil
markets for its Bahrein Island re.
serves.
Boston & Maine Railroad-Iom-
pany has been authorized by I. G. C
to spend s2,250,000 for repairing d',m-
age to its property by recent floods;
part of cost will be met from a ST.
10000 loan from r. F c.
Chicago, Rock Island & Pacific
Railway.-Trustees of company have
applied to I. c. c. for authority +
issue s4,5o0000 of three-year 3la pc
cent trustees certificates, proceed:
from which would be used for deferred
maintenance of ways and structures
and equipments
Great Northern Railway.-March
quarter deficit was s4,128,8Ss VS.. def
cit of s4,558,634.
Crown Cork International Corp. de-
clared a dividend of Is cents a share
on class A stock; giving effect to this
distribution, arrears amounted te
S2.75 a share.
Fairbanks Co.-March quarter defi-
cit was s1.S25, VS.. deficit of $23,858.
Remington Rand, Inc. - Common
share earnings IL months ended Feb
ruary 20 we're S1.25; cash in banks
and on hand March 81, 1886, amount
ed to more than S7,000,000; during
April sl,855,722 was used to acquire
9.7O2 shares of prior preferred anc
16.80O shares of s6 preferred stock
during April options on 100000 shares
of unissued common stock at price;
similar to those fixed in debenturs
| stock purchase warrants were au'
thorized to be issued to a group o.
key executives.
Texas Gulf Producing Co.-Marcf
quarter common share earnings wert
"a cents, VS.. % cents.
Denver & Rio Grande Western r
| R.-Federal Judge Symes, Denver, ha:
denied petition of r. F. G. for modia'
cation of Injunction against sale o.
collateral which it holds as securit!
for Denver & Rio Grande Western
r. r. leans.
Western Union Telegraph Co.
March quarter common share earn
ings were 90 cents, VS.. &c cents.
Keystone Steel & Wire Co.-Dis-
tribution of additional stock resulting
from four-for-one stock split will be
made May IS, 1886.
r0pETGN MARKETS