Evening star., 1936-03-22
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

4
lowing Is today's summary Of cor
poration news prepared by Standard
Statistics Co., Inc, New York:
General Motors Corp.-Sales Of
Cadillac and La Sale cars in Janu-
ary and February were 1872 per cent
ahead Of the like period Of 1885.
National Gypsum Co.-Business dur
ing the first 18 days Of March was
about double bookings during full
month of February; sales for first two
months were more than 90 per cent
ahead of like period Of 1885.
Bridgeport Machine Co.-Stockhold-
ers of company at annual meeting,
April 6, will vote upon agreement pro-
viding for sale of $4,000 shares Of
common stock at $13 q share and
granting an option for purchase Of an
additional 5000 shares at SIT, con-
tingent upon prior purchases of the
first $4,000 shares.
Caterpillar Tractor Colt was said
net profit of company for three months
ending March 81, may come close to
doubling the so cents share paid as
dividends In that period; in first
quarter Of 1885 earnings Of So cents
a share was realized; it was stated
that operations in March have been
active and that employment Is at
a high level.
Federal Mogul Corp.-Declared q
dividend of IS cents; on January Is.
1896, a dividend of 10 cents a share
was paid.
Glidden Co.-Directors of company
on March % will consider retiring
all outstanding bonds and debentures;
Treasury cash and bank lines will pro-
vide necessary cash; sales Of COM
pany continue to run well ahead of
levels of 1895.
Gulf Oil Corp.-It was said pro-
duction Of about 500 barrels in "a
hours after acid treatment In Humble
Oil & Refining Co.'S wildcat well in
West Crane County Is highly signih-
cant as to deeper formation In West
Texas and has doubled the petroleum
potentiality Of this major producing
territory; discovery is believed to in
dicate second pay horizon for most
Of the productive spots in this area
after oil in upper horizon Is ex-
hausted and also gives potential pos
sibilities to thousands of acres which
had been considered as condemned
by failure to produce in the regular
Permain Basin producing horizon;
Gulf Oil Corp. will be the chief
beneficiary Of the new prospect.
C&
come was s173.666. equal to 70 cents a
common share VS.. deficit Of $l62,s64.
Texas Electric Service Co.-Pre-
ferred share earnings, IL months
ended January 81, were $17.5s vs..
sl9.52.
Conde Mast Publications, Inc.-1s35
deficit was s2o8,l67 vs.. net income Of
Sl9,927.
Curtiss- Wright Corp.-Unfilled or
ders Of company March Is amounted
to $12,523, ,242, compared with $7,7eI,-
5l3 March 10. 1885: during 1885 COM
pany retired $120,118 In mortgages
and during early January, 1886, a
further payment of $83, ,064 completed
retirement Of all liabilities other than
normal current items.
Hudson Motor Car Co.-Retail sales
Of Hudson and Terraplane cars in the
United States for first IA days of
March totaled 3,677 cars and exceeded
all marks for the like period for the
past six years.
Packard Motor Car Co.-1s35 net
income was $3,3l5,622, equal to "a
cents a common share VS.. deficit
$7,2so,54s.
WHY'S Overland Co.-Federal Judge
Hahn, Toledo, authorized issuance Of
s750,000 Of WHY'S Overland Co. trus-
tees certificates to finance manufac-
ture Of $4,000 additional cars when
trustee for the bondholders withdrew
its bill Of objection; provisions for
adequate protection of bondholders'
rights were made in the financing plan
before the bank withdrew the bill.
Heyden Chemical Corp.-l935 COM
mon share earnings were 1922 vs..
$3yo7.
Lehman Corp.-Break-u value of
shares Of corporation currently is esti-
mated at sl20 a share, q record high.
Food Machinery Corp.-Declared an
initial dividend Of $1.l2la on . ~
per cent preferred stock.
scovill Manufacturing Co. 1885
common share earnings we're $1.21 vs.
"a cents.
British. American Oil Co., Ltd
Company called for payment May 20.
at 103, entire issue of its debenture
SIS, due March /, 1945.
Lion Oil Refining Co. 1885 deficit
was $58, 8,9S7, vs.. net income Of $l2,652.
Ohio Oil Co.-Subsidiary, Marathon
Oil Co. sold all its SO retail outlets In
Iowa to Shell Petroleum Corp, sub
sidiary of Shell Union Oil Corp.
Wabash Railway Co-January net
loss was $26s,590, VS.. net loss Of
s443,6o1.
Loblaw Groceterias Co., Ltd, net
profit, 40 weeks ended March Z, was
s622, ,5s7, against $6o7.434 in 40 weeks
ended March 9, 1885; sales In like
period were up a. per cent.
Inland Steel Co.-It was reported
company currently Is operating its
open hearth division at practical ca
pacity with its order books full for q
month ahead.
Central Maine Power Co. 1885 pre-.
ferred share earnings were 1851, vs..
$679.
Northern Indiana Public Service Co. |
declared usual dividends Of 68A cents |
on 51s per cent preferred stock, rs
cents on 6 per cent preferred stock
and S7h cents on per cent pre-
ferred stock; giving effect to these |
distributions, arrears amounted to |
$l1.3712 share on z per cent issue, |
ss.75 share on per cent issue and
$685. a share on 51as per cent pre-
ferrad