Evening star., 1937-08-18
3y the Associated Press.

a. Telegraph Co. declared today the
regular quarterly dividend of $2.25 a
share on the capital stock, payable
october Is to holders of record Sep
tember Is. The dividend means dis
tribution of about $42 100000 to more
than 100000 shareholders.
c. d 0. Net Declines.
The Chesapeake & Ohio Railway
Co. announced a net income for the
first seven months Of 1897 of S18,474,-
452, decrease of S2,525, 1892 under the
corresponding period of 1886. Net
operating income for the period was
$23,669, 1923, decrease of $3,0l9,028.
The railroad declared quarterly
dividend of 70 cents share on its
common stock and a quarterly divi-
dend Of 81 on its series A preference
stock, both payable October to
shareholders Of record September s.
Extra Dividend Declared.
Beech-Nut Packing Co. declared an
extra dividend of 25 cents and the
regular quarterly dividend of 81 on
the common stock. both payable Octo-
Der to stock of record September II .
Three months ago like extra was
voted.
Natural Gas Increase
Directors OF FL Paso Natural Gas
Co. declared quarterly dividend of
so cents on the common stock. This
is an increase of 10 cents over the 40
cents paid in July. The latest decla-
ration is payable October l to holders
of record September 20.
S1..5 Leather Dividend.
United States Leather Co., with
tannerIes in Pennsylvania and West
Virginia, today announced a dividend
Of s7.T5 on the 7 per cent prior pref
erence stock on account of accumu-
iations, payable October l to stock of
record September 10, leaving arrears
of S14 share. A dividend Of 1915
was paid July /.
Maryland Fund, Inc.
Maryland Fund, Inc, investment
company, announced an extra distri-
button of 2l2 cents a share in addition
to the regular cents, both payable
September Is to holders of record AL
gust 81 In June the company paid 3
per cent in stock and the regular 5
cents in cash.
Pneumatic Castings.
Output of pneumatic castings in June
totaled $3.50 ,238 units, compared with
5,35l,628 in the preceding month and
5,6l2,2a4 in June last year, the Rubber
Manufacturers Associa ton announced
today. June inventories increased to
l2,528,7a9 units from 1885, ,4ss in the
same month last year.
Auto Sales Abroad.
Sales of American motor vehicles in
overseas markets during the first six
months of this year totaled 376,465
units, a gain of % per cent over the
same period last year, the Automobile
Manufacturers Association announced.
Recapitalization Plan.
The stock exchange has approved
listing of 929762 shares of per cent
preferred stock and 5.499.3 35s shares of
common to be issued under the recap
ltalization plan of International Paper
q Power Co. Directors have taken
final action on the plan and have set
September Is for exchange of present
shares for the new stock, or at an
earlier date if registration with the
S. E. c. makes possible.
Weston Electrical Net.
weston Electrical Instrument Corp,
Newark, N. j., for the six months
ended June 80 reported today net
profit of s251,150, equal, after class
"A' dividends. to s134 common
share, against s1o1 o31, or Al cents a
share, in the like 1886 period.
S659,s14 Net Profit.
Garlock Packing Co. and subsid-
iaries, makers of mechanical packings,
with plant at Palmyra, N. Y. and
branches in the South and West, for
the six months ended June 80 re-
ported net profit of s659,S14, before
the Federal undistributed profits sur
tax equal to S3l5 a common share,
against s45l,1 ,102, after the profits sur
tax, or S2.15 share, in the like 1886
period.
1884 a Common Share
Public Service Corp. of New Jersey,
for the II months ended July 81, re-
ported today consolidated net income
OF s25,505,542, equal, after preferred
dividends, to $284 common share,
against s23,1741O9. or s242, in the
preceding II months
Debentures Plan Reported.
Schenley Distillers Corp. was re-
ported in bond circles considering sale
of s15,0o0,oo0 to $25,OO0,oOO in con-
vertible debentures for repayment of
bank loans.
Coty's Net Profit.
Coty, Inc, and domestic subsidi-
aries, cosmetics manufacturers, for
the six months ended June 80 re-
ported net profit of $15218O before
the undistributed profits surtax, equal
to 10 cents common share, against
net loss of $7,925 after a reserve of
$4,000 for possible additional ex-
else taxes in the like 1885 period.
Park & Tilford Net.
Park & Tilford, Inc, distributor Of
liquors and wines. for the June quar-
ter reported indicated net profit of
$247 ,34l before the undistributed prof
its surtax, equal to s1.16 a common
share, against $l34,4o9, or 64 cents a
share, in the like 1886 quarter.
Isle Aids Aviation.
New facilities for aircraft operation