Evening star., 1937-12-26
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK. Dec. 25.-The follow
ing is today's summary Of corporation
news prepared by Standard Statistics
Co.. Inc, New York:
Martin, Glenn L. Co.-Navy De-
partment has awarded a $5,299, ,538
contract for 81 airplanes to this COM
pany.
Continental Motors Corp.-Net in
come, before Federal taxes, year ended
October 81, was $7l,335, equal to 3
cents common share, against deficit
of $652,000. President has notified
stockholders that r. F. c. has ex-
tended to 1910 the payment of in
stallments due in 1887 and 1888 on its
loan to the company. The remainder
of this loan outstanding on October
81, 1887, was $974,95O.
Otis Elevator Co-Unilled orders
OF company as of November 80, 1897,
totaled $2l ,062 900, against S22.lOO,-
600 on June 80, 1887 Inventories as
of December 81, 1887, were estimated
at S5,500.000, compared with $685.
coo year earlier. Plants of company
are operating on 30-hour week and
will continue to do so during the first
quarter of 1888 1t was stated thct
While this schedule easily could ta
stepped up to the normal G0-hour
week. the reduced working time per-
mltted a spreading of employment
and avoidance of lav-cffS
Williams Oil-O-Niatic Heating
Corp.-Common share earnings, year
ended October 81, were IL cents,
against 60 cents.
Cudahy Packing Co-Deficit, year
ended October 80, was Sl,776,1OO,
against net income of s1,S15,613.
Gobel, Adolf, Inc-Deficit. year
ended October 80. was 1898, ,4sl,
against deficit of S87,854.
Morrell. John e. Co.-Deficit, year
ended October 80, was S670,542,
! against net income of S619,49O
Wesson Oil 6, Snowdrift Co.-No-
vember quarter common share earn
ines were II cents, against Sl75.
United Stockyards Corp-Common
! share earnings, sitter surtaX, year
ended October 81. were 81 cents.
Standard Oil Co. of Ohio-Com-
pany reduced gasoline price !, cent
a gallon throughout Ohio, effective
December "a.
Ecie Railroad-November net rail-
way operating income was S24l,5O7,
against $1,554.535. In II months net
railway operating income was Sl3,-
| 568,794. against Sl5.067669
Hudson g. Manhattan Railroad
Deficit, II months ended November
30, was S620,904, against deficit of
| $456,7l3.
Continental Steel Corp. - Regular
2o-cent quarterly common dividend
previously declared for payment jan
uary l, 1888, will be distributed De-
cember "a. 1887.
United States Steel Corp.-Tennes-
see Coal, Iron & Railroad Co. sub
sldlary received all order for $4,000
tons of rail from Southern Railway
Co. This subsidiary also will step up
its ingot production rate to IS per
cent of capacity next week. Current
rate is so per cent.
American Water Works & Electric
Co.-PoWer output of electric SUBJ
sidiaries in November decreased per
cent under November, 1886. In II
months an increase of s per cent was
shown.
Cudahy Packing Co.-Prssident
stated resumption Of dividends will
depend upon return of normal earn.
mgs.
Alaska Juneau Gold Mining Co. de-
clared l5-cent regular quarterly and
l5-cent usual extra dividends, payable
February to holders of record Janu-
ary S, 1888.
Illinois Central Railroad November
net railway operating income was ST.
826,364 against s2.500,5O5. In II
months net railway operating income
was SIS, ,705 sos, against Sl4,554,2e2
pennsylvania Railroad November
net railway operating income was So
6O9.551 against S7,354,767. In II
months net railway operating income
was s68,937,659 against S75.382,651
Pere Marquette Railway common
share earnings, IL months ended No.
vember 30, were s127 against s2.36,
Reading Co. November net railway
operating income was $829,662 against
$1.2l0,692. In II months net railway
operating income was S12.886. 767
against s12,774,S72.
American-Hawaiian Steamship Co.
earnings, before Federal taxes but after
S158,583 expense incident to maritime
strike in 1887, equaled 90 cents COM
mon share in IL months ended No.
vember 50 e~ci1st s158.
Alabama Power Co. preferred share
earnings, III mo',.h ended November
80, were 1913 against $685..
Consolidated Edison Co. of New
York, Inc.-Company reduced amount
OF debentures to be issued to $50, ,0OO,-
COO, due 1858. Coupon will be 312 per
cent. Originally company planned an
8O00O,00O issue.
Eastern Gas & Fuel Associates prior
preference share earnings, IL months
ended November 80, were s121O
against SILICA
Electric Power g. Light Corp con-
solidated common share earnings after
surtax, nine months ended September
30. were 96 cents against 43 cents.
Georgia Power Co. preferred share
earnings, IL months ended November
80, were S9.06 against 5000.
lnterborough Rapid Transit Co.
Counsel for receiver of company in
formed Federal Judge Knox. New
York. at hearing on the application
for permission to meet interest and
sinking fund charges. due January l.
1888, on the refunding mortgage S per
cent bonds that contingent upon re-
ceipt of two funds aggregating ST.
100000, 1nterborough will have cash
OF $6, SOC, 900 on hand on December 81,
1887, or about 100000 more than will
be necessary to meet the debt service
payment in full. While this will rep
resent the lowest cash position in the