Evening star., 1936-08-21
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, August 21.-The fol-
lowing is today summary Of cor
poration news prepared by Standard
Statistics Co., Inc, New York.
Sperry Corp-Common share earn
ings including s1.o55.2o4 profit on
sale of securities, six months ended
June 30. were IS cents, against -
cents.
WHY'S Overland Co-Empire Sc
curities, Inc, owners of over 10 per
cent of 61a per cent bonds and more
than 81 per cent of unsecured in
debtedness, promulgated amendments
to the plan of reorganization Of COM
pany, dated as of July IS. and filed
in Federal court. Toledo. in proceed
ings under section 77-b of bankruptcy
act; amended plan provides that prop
critics and other assets Of old COM
psny and its subsidiaries should be
conveyed to two companies. a real
estate unit and an operating con-
Germ; new operating company would
carry on the business of manufactur-
ing and selling automobiles and would
be financed through the payment to
it by reorganization trustee of $409,-
500 and the sale of units OF its pre-
ferred and common stock; it would
have authorized $4,000 shares Of $40
par, 6 per cent cumulative converti-
BILE preferred stock and 2,850, 900
shares of 81 par common stock; Of
the common 100000 shares would be
reserved for sale to principal execu-
tives and employees and 100000 shares
would be reserved for issuance on
conversion of new preferred; for each
81 900 of present 6l2 per cent bonds
of Willys-Overland Co., including un-
paid interest from September 1, 1882,
there would be given 70 shares of new
preferred or 210 shares of common
stock of new operating company and
% shares of preferred stock Of the
real estate company.
Raybestos- Manhattan, Inc.-Com-
mon share earnings, six months ended
June 80, were s1.56. against $1.18.
General Electric Co., Germany
Company received an order valued at
over 1000 900 marks to erect COM
bined radio telephone and cable plant
in Rumania.
Morrell (John) & Co.-Declared q
dividend of 80 cents share on COM
mon stock, comprising payment at
previous rate of so cents a quarter for
the one and one-half quarters between
last distribution on June Is, 1896, and
November 8, 1896, payment date OF
present declaration. Current declara-
ton was made to conform company's
dividend payment dates more closely
to its fiscal periods.
United States Leather Co.-Prior
preference share earnings, nine
months ended July 81, were $5.05,
against s1.45.
Billiard Co.-Common share earn
ings, six months ended June 80, were
81 %, against II cents.
Viking Pump Co.-Declared the
usual quarterly special dividend Of
Is cents, payable September Is.
Texas g. Pacific Railway Co.-Pre-
ferred share earnings, months ended
July 81, were $283, against $l.0S.
wabash Railway Co.-Def1cit, 6
months ended June 30, was 81, ,449,-
021, against deficit of 81 ,588 ,022.
Crucible Steel Co. of America-De-
clared a dividend Of 81 on account OF
arrears on 7 per cent preferred stock,
payable September 80; on June 80.
1886. a similar amount was paid, CIV
ing effect to current distribution, ac-
cumulations on this issue amounted
to $27 share.
Empire Power Corp.-Declared q
dividend of so cents on participating
stock; on July /, 1886, dividend of
40 cents a share was paid on this is
sue. giving effect to current distribu-
ton. arrears on this issue amounted
to $6.571z share.
Hoskins Manufacturing Co.-De-
clared an extra dividend Of Is cents
and regular quarterly dividend Of so
cents on common stock. payable Sep
tember 26; on June rs. 1885, a SINH
lar extra dividend was paid on this
issue.
American Bakeries Corp.-Declared
an initial quarterly dividend Of IS
cents on So Glass A stock, payable Oc-
tober /; this issue is cumulative only
to the extent of 50 per annum. the
additional 81 is non-cumulative.
Penick g. Ford, Ltd, Inc.-Com-
pany advanced prices on bulk goods
by 20 cents q cwt., and on packaged
goods by IS cents a case.
Transue & williams Steel Forging
Corp.-Declared an extra dividend OF
S cents and a dividend Of Is cents q
share, payable October I; on July !,
1886, a dividend Of Is cents q share
uas Maid first sir,ce .ililv L. 1891.