Evening star., 1937-07-04
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, July 3.-The follow
Ing is today's summary of corporation
news prepared by Standard Statistics
Co. Inc, New York:
Wayne Pump Co.-Common share
earnings, six months ended May 81.
were $685. against S2.4l.
Atchison, Topeka & Santa Fe Rail-
way-1t was said Federal Govern
ment has filed suit in Federal Court.
Phoenix, Ariz., against this company
seeking to reclaim 100000 acres of
land in Northern Arizona.
Smit. A. O., Corp.-Company re-
eeived contract from Shell Petrol
cum Corp, subsidiary of Shell Union
Oh Corp, for 5000 tons of steel pipe.
Spang, Chalfant g. Co-Declared a
dividend of So a share on 6 per cent
preferred stock, payable August 2.
This payment cleared up all accumu-
lations of this issue.
Consolidated Gas. Electric Light g.
Power Co. of Baltimore-Common
share earnings, five months ended
May 81, were S22l, against S217.
Pennsylvania Water g. Power Co.
Common share earnings. five months
ended May 81, were S225.
Auburn Automobile Co-Funds
have been deposited with First Ma
tional Bank of Chicago for payment
of semi-annual interest due July l.,
1887 on 4a4 per cent convertible de-
bentures.
REQ Motor Car Cot was said
that this conlpany's selling prices have
been advanced more than enough to
offset increased manufacturing costs,
and that if sales continue at any,
thing like current levels, September
quarter probably will show a profit
1t was stated June quarters loss will
be considerably less than that of pre-
ceding quarter, but that for six months
ended June 30 net loss will be heavier
than for the like period of 1886. Pro-
duction during first five months of
1887 totaled 6,318 units. compared
with 4,554 in like 1886 period Un-
filied orders currently are reported at
270O units, against 300 at this time
In 1885,
Carey, Philip Manufacturing Co.
Special meeting of stockholders of this
company has been called for July H.
70 vote on amendment to articles of
Incorporation to allow split-up of
common stock on basis of five shares
OF no par stock for each present share
Of 500 par. It was stated that pur-
pose of split-up was to give greater
market stability and wider distribu-
ton.
Phillips Packing Co., Inc-Federal
eonclliators sent to president of this
company letter from American Fed
grafton of Labor representative offer
ing on behalf of strikers to accept
settlement terms of Phillips Packing
Co. Terms include an increase of 10
per cent in pay.
Food Machinery Corp.-Company
filed an amendment with Securities
and Exchange Commission increasing
its proposed offering of cumulative
convertible preferred to 10000 shares
from $4,000 Company also increased
the common shares reserved for con-
Teck-Hughes Gold Mines, Ltd
Common share earnings, nine months
ended May 81, we're 36 cents, against
80 cents.
Commercial Credit Co. Consoli-
dated volume of company for May,
1887, was considerably larger than for
any previous month in history of
company. Volume in first five months
of 1887 also set record.
Inland Steel Co-Company and
Steel Workers Organizing Committee
announced from Gov. Townsends
office in Indianapolis an agreement
to end the strike that kept the COM
pany's East Chicago plant idle for
more than month. The ending Of
the strike was on the basis of agree
ments between the company and the
Governor and the union and the
Governor. Assistant to the president
OF the company said Inland Steel
made no agreement with the Steel
Workers Organizing Committee.
Interborough Rapid Transit Co.
Trustee for 1nterborough Rapid Tran
sit Co. 10-year secured convertible 7
per cent notes, due September /, 1892,
Is making distribution of SAB per
$1,000 note and appurtenant Septem-
Der l, 1882, coupon and $l45 per s35
coupon.
Pacific Public Service Co. declared
. dividend of 3212 cents on account
Of arrears and regular quarterly divi-
dend of 32la cents a share on first
preferred stock, payable August g.
Giving effect to these distributions,
accumulations on this issue amounted
to S2.12h
Aluminium Co. of America-Com-
pany has arranged through the Mel
lon Securities Corp of Pittsburgh for
e30.0O0,O00 OF new financing to pro-
vide for the retirement OF about sl9,-
100000 of per cent sinking fund
debentures due in 1852 and for other
corporate purposes, the new financing
will consist of $4,000, 900 in bank loans
maturing in one, two and three years
and $24,oO0.0 900 Of 3A per cent Is
year debentures which will be sold
privately to insurance companies.