Evening star., 1937-07-17
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS
NEW YORK, July 1.-THE follow
ing Is todays summary of corporation
news, prepared by Standard Statis-
tics Co., Inc:
Libbey-Owens- Ford Glass Co.
President stated company has worked
out program with its principal Gus
toner which may allow it to main
tain operations at the present high
level for the remainder of the year.
He said the program has been worked
out to insure steady employment.
Alpha Portland Cement Co-Com-
mon share earnings, II months ended
June 30. were SLOT. against 40 cents.
Dow Chemical Co.-Common share
earnings. after homecoming charge
OF $3ll,85l year ended May 81, were
$4.l7. against $442.
Mathieson Alkali Works, Inc.-June
sales OF company were largest in its
history. Export business, it was said,
should be OF increasing importance,
due to the fact that within . short
time company will be able to ship
direct from their Lake Charles, La,
works, located on tidewater, thereby
saving the heavy inland railroad
freight on export shipments.
Square D Co.-F1rst half shipments
of company were considerably ahead
of the like 1885 period. He added
that incoming business was continu-
ing on q satisfactory basis. Stock
holders of company formally ratified
capital changes.
Walker, Hiram, Gooderham &
Worts, Ltd.-Common share earnings,
. months ended May 81, were $3.50,
against $500.
Reliable Stores Corp-Common
share earnings, 8 months ended June
80, were $1.03, against 81 cents.
Hollinger Consolidated Gold Mines,
Ltd.-Net income before depreciation.
six months ended June 80. was ST.
706 6,329, against $3,084,2l3.
Kennecott Copper Corp-Company,
through Its subsidiary, Nevada Con-
solidated Copper Co.. will construct
. smelter at cost of $5,000,000 at
Hurley, N. Mex. The new plant will
be in operation by the end of 1898
and will be Of sufficient capacity to
convert the entire production of the
company's Chino mines into blisted
copper.
Wolverine Tube Co-Common share
earnings, six months ended June 80,
were IT cents, against 81 cents.
Moody's Investors Service. Inc, de-
clared regular quarterly dividend Of IS
cents . share and an additional
dividend Of Las q share on account Of
all arrears on 50 preferred stock. Both
dividends are payable August Is to
holders Of record August 2, 1887.
Simms Petroleum Co. declared 4
liquidating dividend Of so cents =
share. payable August 3. to holders
f record July 26, 1887. On April 80,
1897, . similar distribution was made.
Central r. r. Of New Jersey-Deflcit,
i've months ended May 81. was $685.
534, against deficit Of $l.377,346.
Chicago & Eastern Illinois Ry-
Deficit, five months ended May 81,
was 5000 1893, against deficit of $685.
958.
Illinois Central r. R.-Deflcit. i've
months ended May 81, was 81 1861, ,750,
against deficit Of $l,921,2 ,262.
Reading Co.-Common share earn
ings. i've months ended May 81, were
$1.64, against 90 cents.
Superheater Co.-Common share
earnings before homecoming proht
Of $425,115. in six months ended
June 80. were sl.23. against 81 cents.
Hanna, M. A., Co.-Common-share
earnings, six months ended June 30,
were $l.06, against 81 cents.
woodward Iron Co.-Common-share
earnings. six months ended June 80,
were $2.3S, against 81 cents.
Dominion Textile Co., Lubbock
mgs Of company for first half totaled
I'll, ,064 900, against $9,18o, 900 In like
period of 1885.
Manhattan Shirt Co.-Common.
share earnings, six months ended May
~, were 81 cents, against u cents in
Ola 1AO24bAA6 C11OCu N16sy oV, 4UoV.
Technioolor, 1nc.-Company signed
. contract for production of six fea-
ture motion pictures In color by Lon
don Films, Inc.
Detroit Edison Co.-Common- share
earnings, II months ended June 80,
were 1852. against 1888.
International Telephone & Tele-
graph Corp.-A contract for what will
b the worlds longest complete COM
munications system has been placed
by Soviet government with Standard
Telephones Il Gables, Ltd, British
subsidiary Of this corporation. Order
called for squipping telephone and
telegraph lines from Moscow across
the U. 8. 8. r. to Khabarowski, near
the Manchuk,oan border, . distance
Of $500 miles. System will be equipped
with specially designed Transmission
apparatus providing several telephone
circuits, numerous telegraph channels
and = provision for = radio broad
casting channel and one for trans
hitting photographs.
Northern States Power Co., DEL
Glass B share earnings, i've months
ended May 81, were II cents, against
cents.
Public Service Electric 4 Gas Co.
A program involving the expenditure
Of about $4,000, 900 Is being launched
BY this company for the enlargement
and Improvement Of electric generat-
ing and transmission facilities In the
southern portion Of New Jersey.
American Colortype 90. - Sales,
three months ended June 80, were
up lis per cent. In six months gain
was 20.4 per cent.
Great Atlantic 4s Pacific Tea Co.
Judge Hargest In Dauphin County
Court, Affrisbsus. granted this COM
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