Evening star., 1936-04-26
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, April 25.-The follow
ing is today's summary of corporation
news prepared by Standard Statistics
Co, Inc, New York:
Curtis Publishing Co. declared
dividend of SITS ons account of ar
rears on preferred stock. Giving ef-
feet to this distribution, accumulation
on this issue amounted to So share.
Chesapeake & Ohio Railway-Com-
pany is inquiring for Sll 100000 of
equipment.
Crown Drug Co. declared an in
itial dividend of 10 cents on common
stock.
Montgomery Ward g. Co.-Chair-
man stated at annual meeting in
answer to numerous questions as to
why company does not pay out a
larger portion of its earnings in COM
mon dividends that the management
is Just as desirous as stockholders of
increasing dividends as soon as it
feels it can properly do SO, but there
are many things yet to do to produce
maximum operating efficiency; he said
company is on the verge of needing
more capital in the business; proposed
tax bill, he stated, would require that
at least half of earnings be declared
in dividends, or heavy penalty would
be inflicted.
Trunz Pork Stores, Inc, declared a
dividend of 25 cents on common
stock; last previous distribution on
common was Is cents a share on
February Z, 1885.
Birmingham Electric Co. preferred
share earnings, u months ended
March 81, were S4.51, VS.. S4.l6.
Carolina Power g. Light Co. pre-
ferred share earnings, II months
ended March 81, were 1854, vs. S7.81.
Pacific Power g. Light Co. preferred
share earnings, II months ended
March 81, were S8.48. VS.. 1923.
Union Gas Co. of Canada Ltd, de-
clared dividend of 10 cents: on May
Is, 1895, special dividend of 10 cents
was paid.
Philadelphia g. Reading Coal g.
Iron Corp.-Deficit, IL months ended
March 81, was S4,859,566 VS.. deficit
of s3,S51,513.
American Hide e. Leather Co.-Net
income nine months ended March 81,
was S439, $50, equal to AZ cents a COM
mon share, VS.. deficit of S278,739.
McWilliams Dredging Co.-Declared
dividend of 81 on common stock;
on March 2, 1886, quarterly dividend
of rs cents share was paid on this
issue
Missouri i-Kansas-Texas Railroad
March quarter deficit was $685. ,508, VS.
deficit 81 1,539912.
Seaboard Airline Railway-March
net railway operating income was
S503,543. VS.. $48l, ,789; in three months
net railway operating income was
S656,224, VS.. S609,58l.
Western Pacific Railroad Corp
March net railway operating deficit
of Western Pacific Railroad Co. was
S15,128, VS.. net railway operating def
cit of S6,207; in three months net
railway operating deficit was Sl23,-
957 VS.. net railway operating deficit
of S152,452.
Wheeling Steel Corp-Plants of
company were said to be operating
around 30 per cent of capacity.
Van Raalte Co., Inc-March quar-
ter common share earnings were ST 49
VS.. S108.
Edison Electric Illuminating Co. of
Boston-Common share earnings. II
months ended March 81, were $9.19,
vs. 1892.
Westvaco Chlorine Products Corp
Declared extra dividend of 10 cents
and regular quarterly dividend CT
10 cents on common stock.
Radio Corp. of America-Engineers
of R. c. A.-Victor Co., Inc, subsidiary
of this company held successful
demonstration of television outdoors
at Camden, NJ j., transmitting pic
ture and sound a distance of one
mile; it was stated the exhibition
was preliminary to field tests scheo-
tiled to be begun June 90, from a
station on top of the Empire State
Building in New York.
Consolidated Mining & Smelling
company authorized 5-for-1 split
of capital stock.
Chicago Great Western r. r.
March net railway operating income
was S90.876 vs. net railway operating
deficit of $51,467; in three months
ret railway operating deficit was
$315,581 VS.. net railway operating
deficit of $267,692.
New York, New Haven g. Hart
ford r. R.-Trustees of company filed
in Federal Court, New Haven, a petit
. ton stating that they deemed un-
justified payment of Old Colony R. r.
rental, totaling s438,858, due March
81, 1886.
Southern Pacific Co.-It was said
reports are current that this company
Is considering possibility of refunding
its S16,500,00 bank loans and ST.
100000 r. F. c. borrowings through a
new S35,000,000 bond issue.
Chicago Mail Order Co.-Prices II
Midsummer catalogue are about S
. per cent lower than in 1885.
Utah Idaho Sugar Co.-Common
share earnings, year ended February
20, were 40 cents VS.. SO cents in year
ended February 20, 1885.
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