Evening star., 1937-05-15
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, May 15.-The follow
ing is today's summary Of corporation
news, prepared by Standard Statistics
Co., Inc, New York:
Newport Industries, 1nc.-March
quarter common share earnings were
79 cents, against 13 cents.
Continental-Diam Fibre Co.
March quarter common share earn
ings were 40 cents, against 10 cents.
Peerless Corp-Net income, six
months ended March 81, was s224,l65.
equal to 20 cents common share,
against deficit of $13.352.
Ward Baking Corp.-Declared q
dividend of 81 on account Of accumu-
lated dividends on the 7 per cent pre-
ferred stock, payable July /. On April
/, 1887, disbursement of SITS a
Giving effect on current dividend, ar
rears aggregated $40 a share as Of
July l, 1887. 1t was stated smaller
profit margins have reduced earnings
for current year to date.
Hercules Motors Corp. - March
quarter common share earnings were
ST cents, against 36 cents.
International Harvester Co-Presi-
dent said billings in first fiscal half
were 80 per cent greater than in the
like period Of the preceding fiscal year.
He stated further that the outlook
for company's truck business Is very
encouraging, with further expansion
indicated
National Pumps Corp. - March
quarter common share earnings before
Federal taxes were 48 cents, against 18
cents.
Reed Roller Bit Co.-March quarter
common share earnings before Fed
eral taxes were IS cents, against so
cents.
Hech Mining Co.-March quarter
common share earnings, including
$l96,535 income tax credit, were 50
cents, against 18 cents, before Federal
taxes, in like 1886 period.
Greyhound Corp-March quarter
common share earnings were II cents,
against 6 cents.
Pacific Can Co-March quarter
deficit was $51 500, against deficit of
$17,224.
Sterling Products, mc-Company
acquired at cost Of about $4,000 all
Of the assets, properties, trade marks,
business, etc., Of the American Fer
ment Co., Drew Pharmacal Co. and
the Celasin Co., all Of Buffalo. OF
the purchase price, IS per cent Was
payable in cash and the remaining
amount within three years.
United States Freight Co-March
quarter deficit was $89, ,108, against net
income of s88,212.
Wilcox, H. F., Oil e. Gas Co.-March
quarter common share earnings were
10 cents, against 8 cents.
Alton r. R.-Def1cit, four months
ended April 80, was $70,s84, against
deficit of $561,4
Pennsylvania r. R.-President said
earnings surplus Of company in flrst
four months was around $7,OOO,00O
Atlantic, Gulf q West Indies Steam
ship Lines-March quarter common
share earnings were $l.93, against
$170.
McheeSport Tin Plate Co.-PreSl-
dent stated that both the tin plate
division and can division are operating
at capacity and that tin plate Is sold
well ahead with every indication that
it will be necessary to continue capac-
ity operations. Earnings Of the COM
bined companies for the period Janu-
ary l, 1887, to March 16, 1887, showed
. substantial increase over same 1896
period, he said.
Holly Sugar Corp.-Common share
earnings, year ended March 81, were
$5.42, against $500.
A. P. w. Paper Co., 1nc.-Deflcit
nine months ended March 81 was
$2,788, against deficit of $45,345.
Consolidated Edison Co. Of New
York, Inc.-Company acquired 80,49S
additional shares Of New York Steam
common stock frd April Is to May 10.