Evening star., 1936-12-27
CORPORATION
REPORTS
TRENDS AND PROSPECTS, OF
LEADING ORGANIZATIONS

following Is q summary OF corpora.
ton news prepared by Standard
Statistics Co., Inc, New York:
Hudson Motor. Car Co.-Domestic
retail sales Of Hudson and Terraplans
cars for 1886 passed the 100000 mark
on December IT; this compared with
78.745 domestic retail sales in the
full year 1885, indicating q gain Of
II per cent, with about two weeks Of
1886 still to go.
Hayes Body Corp.-Deficit, year
ended September 80 was s22,l00;
company had a deficit of S59,l13 in
year ended December 81, 1885.
Canadian Industrial Alcohol Co.
Ltd.-Stockholders approved plan for
refunding Robert McNish & Co., Ltd,
debenture stock and proposal for dis
tribution Of a dividend In form Of
Oldetyme Distillers Corp.
Wesson Oil 81 Snowdrift Co-Nov-
ember quarter common share earnings
were SITS against $l.05.
Kelvinator Corp-Stockholders Of
company approved merger with Nash
Motors.
Mohawk Carpet Mills, Inc.-Com-
pany announced an advance Of about
10 per cent in prices of all Mohawk
merchandise, effective January 4. 1887.
American Locomotive Co.-Subsidi.
ary, Alec Products Co, obtained a con.
tract from Associated Oil Co. for new
cracking unit costing s1.500.0 900.
Anaconda Copper Mining Co,-Sub-
sidary, American Brass Co., advanced
prices Of yellow brass products Z cent
pound, red brass and copper products
9s cent and scrap in same propor-
ton.
Colon Development Co, Ltd
Directors Of company, successor to
Colon Oil Corp, declared a dividend
of IL per cent on 6 per cent re-
deemable convertible preference stock
and e dividend Of IL per cent on 5
per cent redeemable income stock,
series A, payable to holders of record
December 81, 1886; on October %,
1896, initial payments of per cent
on per cent issue and 21% per cent
on per cent issue were made.
New York, Chicago & St. Louis
r. R.-November net railway operating
income was $74s, ,6SS, against $780,
GIL; in II months net railway
operating income was Ss,16l,92l,
against $6,082, ,402.
New York, New Haven g. Hartford
r. R.-Trustees of company recon-
mended to Federal court in New
Haven payment of s3,620,765 in in
terest on bonds and debentures. Sc
cured by mortgage liens which has
been in default: proposed payments
include securities pledged as coll
lateral with holders of short-term
notes and are recommended; upon the
basis Of studies thus far made for
the purpose Of determining earnings
of the properties subject to the several
lines and upon other relevant factors;
the court set December % for hearing
on petition of trustees.
Hayes Body Corp-Company is now
manufacturing trailers at rate of so a
week, and by February will have facili-
ties ready for production at rate Of
100 day; Hayes has about 100 dealer
outlets at present and is increasing
its dealer list as rapidly as possible.
Tennessee Products Corp.-Reor.
ganization Of company under section
77b of the bankruptcy act has been
completed and the plan accepted by
substantially more than the required
percentage Of each class of security
holders and creditors.
MaSsey-Harris Co. Ltd.-Sales of
company for IL months ended No.
vember 80 increased 80 per cent over
the 1885 period.
American Products Co.-Directors of
company took no action on dividend on
participating preferred stock at this
time and it was said none will be taken
until operations improve on October !,
1886. a quarterly dividend of 37ls
cents share was paid on this issue,
the first since January 2, 1885, when
3112 cents share also was distributed;
regular dividend Of ga cents was
declared on prior preferred stock. pay.
able January 2, 1887.
Consolidated Oil Corp.-Subsidiary.
Sinclair Refining Co.. advanced kero.
sene and No. l heating oil in tank
car lots by u cent a gallon at several
Atlantic ports and inland terminals.
Richfield Oil Co. of California
Federal Judge James. Los Angeles,
signed an order confirming plan of
reorganization Of Richfield Oil Co.
of California and its subsidiary, Pam
American Petroleum Co., involving,
among other things, a merger with
Rio Grande Oil Co.: new company
would be known as Richfield Oil Corp.
Socony-Vacuum Oil Co.-Company
advanced tank car and tank wagon
price of Kerosene y cent a gallon
throughout its territory with exception
of Buffalo and Rochester areas.
Lehigh Valley r. R.-November net
railway operating income was s844,-
583. against $349. lin IL months net
railway operating income was $8,023,-
500, against $4,232,137.
st. Louis Southwestern Ry.-I. C. c.
assigned public hearings for March 49,,
1887, on the management's plan for
reorganization Of company.
United States Pipe & Foundry Co..
Company submitted a low bid of
So $3.50 for the cast iron tunnel
lining for the Queens Midtown Tunnel.
Paramount Pictures, Inc.-It was
stated that as result of the advance
Of common stock about S4,O00,000 of
$24,99S.182 per cent first preferred
of company has been converted into
common stock; this added about $780,
900 shares to the 1,610.457 shares Of
common outstanding at the end Of
1885; 1t was stated that arrangements
recently were completed for refund.
ing the entire funded debt of the Eng.
lish subsidiaries, amounting to s5,000,.
900, on a per cent basis.
Federal Water Service Corp.-Net
income IL months ended September
80 was $835,730.
Kansas Gas g. Electric Co.-Prefer.
red share earnings IL months ended
November 80 were $l641, against
A