Evening star., 1937-11-07
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, Nov. 6.-The follow
ing is summary of corporation news
prepared by Standard Statistics o.,
Inc, New York:
Radio Corp. of America-Declared
an initial dividend of 20 cents a share
on common stock, payable December
81 to holders of record November IL,
| 1887. Directors also declared a divi-
dend of $31.25 share for the period
from october l, 1881, to December 81,
1887, on the outstanding unexchanged
shares of B preferred stock, payable
December 81 to holders of record De-
cember 10, 1887. This payment
| cleared up all arrears. Board also
declared a dividend of 87l2 cents for
the period from October l to December
81, 1887, on the outstanding shares
of $3.50 cumulative convertible first
preferred stock, payable December 81
to holders of record December 3, 1887.
1t was announced that the board had
fixed November 80 as the final date for
conversion of B preferred stock for
| first preferred stock and common
stock under provisions of company's
charter. Of the 766897 shares of B
preferred previously outstanding there
remains only 1916 shares, or about
per cent, which has not as yet been
exchanged. Common share earnings,
nine months ended September 80,
| were 80 cents, against 3 cents.
National Supply Co., Pennsylvania
Declared an initial dividend on COM
mon stock in form of 1/10 share of
81 preference stock on each share
of common, payable December % to
holders of record December 8, 1887.
Payment of this dividend will result
IN the distribution of 1856 shares
OF preference stock. President pointed
out that payment of dividends on the
common in 50 preference stock will
enable company to conserve cash fer
the requirements of its business and
at the same time obtain a deduction
against the surtax on undistributed
profits.
Edison Bros. Stores, Inc.-October
sales were up 8.5 per cent; 10 months.
up 22.4 per cent.
Kresge, S. S., Co.-October sales
were off 0.a per cent; 10 months, up
48 per cent.
Western Auto Supply Co.-October
sales were up rs per cent; 10 months,
up so per cent.
Dome Mines, Ltd.-Value of produc-
ton, including premium, 10 months
ended October 81, totaled S6,262.549,
against s5,983 .958 in like 1886 period.
Atlas Tack Oorp.-Common share
earnings, 9 months ended September
80, were 49 cents, against n cents.
Bulova Watch Co.-Common share
earnings, 6 months ended September
3d., were s4.55, against S3.11.
Interstate Home Equipment Co.
Declared an extra dividend of cents
a share and regular quarterly divi-
dend of IL cents share on common
stock, payable December Is to holders
of record November Is, 1887.
Revenue freight carloadings during
week ended October 80 totaled 1856
cars, a decrease of 1893 cars from the
previous week, and decrease of 42,859
cars from the like 1886 week. accord
ing to the Association of American
Railroads.
Request for Is per cent increase in
freight rates was placed before l. C. c.
by five leading railroad executives
who urged early consideration of the
petition. Broad advance of IS per
cent on freight rates is sought with
only five exceptions, bituminous coal
ana coke, anthracite, lumber, sugar
and fruits and vegetables, on which
certain maxima we're specified. In
cluded in the petition was request of
Eastern roads seeking authority to
raise passenger fares in coaches from
to 2l2 cents mile.
1nterlake Iron Corp. - Company
has taken off one blast furnace at Chi
cago and another at Duluth, leaving
1t with four out of six active. and a
production rate of about so per cent.
Company is shipping all the pig iron
1t is producing and is not adding
to stocks.
Curtis-Wright Corp.-Declared
dividend of SO cents a share on class A
STOCK, payable December IS to holders
OF record November 26, 1887. Last
previous payment was initial dividend
OF % cents share on December Is
1885. President stated that during
1887 company expended about s1.5O0.-
ouo In increased manufacturing facili-
ties and in undermining equipment
wright Aeronautical Corp.-De-
clared a dividend of 50 a share on
common stock, payable December IA
to holders of record November 26. 1897
last previous payment was ST a share
IN December. Common share earn
lngs, nine months ending September
80, were s2.75 against SLAB.
Ward Baking Corp.-Preferred
share earnings, AZ weeks ended Octo-
Der 16, were s3.57 against Sc in AZ
weeks ended October II, 1886.
White Sewing Machine Corp.-Pre-
ferred share earnings, nine months
ended September 80, were 81 81. against
Sl.37. before Federal taxes and recov-
cry of old lease accounts in like 1886
period
Allis-Chalmers Manufacturing Co..
Declared final dividend for 1897 of
sl.oo share on common stock, pay
able December % to holders of record
November 80, 1887.
Alaska Juneau Gold Mining Co..
october estimated profit before de-
probation, depletion and Federal taxes
was S173,700, against $237,5OO in 90
tOber 1915 Tn IN r,opthr or4;......, |