Evening star., 1936-06-30
CORPORATION
| REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, June 30.-The follow
ing is today's summary of corporation
news prepared by Standard Statistics
Co., Inc, New York:
Baldwin Locomotive Works.-A pro-
test against the reorganization plan
| has been filed in Federal Court, Phila-
delp1ia, by SIS preferred stockholders.
Chicago Great Western r. RI. c.
c. has approved proposal of this COM
pany to contract with Keeshin Motor
Express Co. to haul loaded trucks and
tra1lerS on fiat cars at low rates be-
tween Chicago and Minneapolis
Paul; it is estimated arrangement will
increase carriers revenue as much as
81 100000 annually.
Chicago, Rock Island g. Pacific Ry.
May net railway operating deficit
was $465 ,665, against net railway op-
Grating deficit of s39s,s55; in S months
net railway operating deficit was
sl'879,563, against net railway operat-
ing deficit of Sl,l7S,882.
Missouri Pacific r. R.-May net
railway operating income was S3l1.-
3l9, against S893,151; in months
net railway operating income was
S2.732, ,244, against 81 ,484897
New Orleans, Texas & Mexico Ry.-
May net railway operating income was
S69,O64, against Sl68,85l; in iye
months, net railway operating income
was $872,18 against S594,549.
Wheeling g. Lake Erie Ry.-May net
railway operating income was sl5O,5O5.
against s246,835; in five months, net
railway operating income was s86l ,7e4,
against $677, ,698.
Castle GA. M & Cot was said
earnings for current quarter are esti-
mated as being more than Is per cent
ahead OF June quarter of last year,
when net was equal to 72 cents a
share on common stock.
commonwealth Edison Co.-De-
cision OF companys plea for an in
crease in rates contrary to the de-
mands of Illinois Commerce Commits
sion attorneys that the rates should be
lowered will be rendered in September.
Long Island Lighting Co.-Suprem,
Court Justice Schenck, Albany, denied
a motion of company for a stay pend
ing review of an order of New York
Public Service Commission reducing
company's electricity rates approx
mately 100000 annually.
American Airlines. Inc-Post Office
Department announced that suits filed
by American Always, Inc. prede-
cessor. seeking damage of $4,85l 900
for cancellation of airmail contracts,
had been settled for $3l5,568.
Transcontinental & Western Air,
Inc.-Post Office Department an
nounced that suit filed by this COM
pany, seeking $2,6S4,2S1 damages for
cancellation of airmail contracts, had
been settled for $l83,865.
United Air Lines Transport Corp
Number of passengers carried in first
five months increased SO per cent over
like 1885 period; air express gained
Al per cent and airmail per cent.
United Stock Yards Corp.-Public |
offering of sl0,000.000 in securities is
contemplated to finance the purchase
of Swift g. Co.'S interest in nine
stockyards by this newly formed
company; John Dewitt, New York in
vestment banker, representing United
Stock Yards, said the transaction has
not been completed pending settlement
Of details and court approval.
Wrigley (Wm), .Jr. Co.-Declared |
three regular monthly dividends of rs
cents share each, payable August /,
September 4 and October l.
Remington Rand, Inc. II Noiseless |
typewriter plant at Middletown has
resumed operations.
Atlantic Coast Line r. R.-May net |
railway operating income was $67,312 |
against net railway operating deficit |
Of $67,912; in Ave months net rail-
way operating income was $2,1l9,313
against net railway operating income |
Of $1,678,074.
Chesapeake g. Ohio Railway-Com-
pany asked I. G. C. authority to issue
and sell $29,500,000 of 31a per cent
bonds, to refund the outstanding $24,.
1874, 900 Of 4Ias. series A, and $4,716,.
700 refunding and Improvement 411a
'eries G. now IN the treasury. |