Evening star., 1937-05-08
CORPORATION
REPORTS

nEfOnl0
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS
NEW YORK, May 8.-The following
Is todays summary Of corporation
news, prepared by Standard Statis-
tics Corp, Inc, New York:
Douglas Aircraft Co.. 1nc-Febru-
ary quarter common-share earnings
were IS cents, against 4 cents. before
Federal taxes in like 1886 quarter.
Net sales OF company for quarter
ended February 2s amounted to 33,-
004,837 and were highest for any
similar period In its history; in 3
months ended February 20, 1885. net
sales totaled $449,0O unfllled orders
Of company as Of May !, 1887, were
reported as 322, 2,347 1893, exclusive Of
untitled orders of its subsidiary, Nor
throp Corp, which on April 8 had
orders totahng $6,22l $40, or . total
for the two companies Of more than
$28, 900; untitled orders Of Doug
las at April 8, 1887, were s23,647,620.
Hudson Motor Car Co.-Factory
shipments of Hudson and Terraplane
cars during the week ended May l
totaled $500 cars. compared with
1885 in the week ended April "a
and 2,100 In the week ended April
IT. Production has been gaining
steadily since the reopening Of the
plants following the termination Of
the recent strike.
Gabriel Co-March quarter net in
come before Federal taxes was 31o,182,
equal to 4 cents a common stare,
against deficit Of $s,o23.
Westvaco Chlorine Products Corp
March quarter commensurate earn
ings were A cents, against A cents.
Distillers Corp. .-Seagrams. Ltd
Company plans to build 100000
bottling plant at Louisville
Electrolux Corp.-Declared an ex-
ira dividend of 10 cents a share and
regular quarterly dividend Of 40 cents
share. payable June is: on March
Is. 1887, similar extra dividend was
distributed.
Alaska Juneau Gold Mining Co.
April estimated profit was $203, 600,
against $173.00o in April, 1885. In
four months estimated profit was
$9ls,700, against $4,000.
Anchor Cap Corp.-March quarter
common share earnings were IS cents,
against deficit of cents q common
share in like 1896 quarter.
Standard Dredging Co.-Company
called special meeting OF stockhold-
ers for June IS to vote on a plan for
acquisition through merger of plant
OF National Dredging Co., Delaware.
and operated jointly with plant of
Standard Dredging since June, 1882,
and conversion of Standard Dredging
shares into stock of the new merged
company. In exchange for each
share Of present convertible prefer
ence stock, no par, there would be
given one share of new $16O cumu-
lative convertible preferred stock, par
$40, and one share of new 81 par
common stock Of the merged company
plus SIS face amount Of 20-year liqui-
dating non-interest bearing notes OF
Dredging Realization Corp. Each
share Of present common would be
exchanged into one share Of new
common.
Amerada Corp. - March quarter
share earnings were e6 cents
against go cents.
Louisiana Land & Exploration Co.
March quarter oommon-share earn
ings were l8 cents, against II cents.
Fairchild Aviation Corp.-Unflled
orders Of company as of March 81,
1887, totaled $l,147,502, against $780,
744 on same date in 1886, gain OF
81 per cent.
Lockheed Aircraft Corp.-Deliveries
OF company for quarter ended March
80 amounted to about sl,OO0000 and
compared with 1925, 900 in like 1896
quarter. Backlog figure as OF Apri
80, 1887, was $2,972 900, compared with
$750,000 on same date Of 1886. Mum.
Der of planes delivered to April 80 o1
current year totaled Is.
Fisk Rubber Corp.-Net Of company
in first quarter was estimated at ovel
$203 900, in like 1886 period net los.
was $268,511. Plants Of company cur
rently are operating at 80 per cent
to IS per cent Of capacity.
Hayes Body Corp.-Deficit, foul
months ended January 81, was $50, 0,20s
Birtman Electric Co.-March quar-.
ter common share earnings, after Fed
eral taxes and preferred dividends
were 96 cents. against 70 cents.
Hawaiian Pineapple Co., Ltd, de-
clared dividend of IS cents share
on common stock, payable May "a, or
April 80, 1887. A dividend of so cents
q share was distributed on this issue
Wilson g. Co.-Chairman stated that
net earnings of company for perioc
from October 81, 1886, to March a.
1887, were in excess of $2,25O, 900
although no comparison with the pre-.
ceding year was given; in the full hsca.
year ended october 81, 1896, net in.
come was $4,068,457, equal to $1.06 q
share on the 2,001, 1853 shares of com.
mon stock outstanding.
Blaw-Knox Co-President state6
that business booked by Blaw-Kno,
Co. and its subsidiaries in the frs,
four months of 1887 was twice tina,
of the like period Of 1885. Volume
of business was the greatest for thi!
period for any year since 1880.
Chicago Pneumatic Tool Co.
March quarter common share earn.
ings were $1.32, against II cents.
Cooper -Bessemer Corp.-Billings O.
company for April, 1897, were $792,.
730, compared with $578, 1854 for March
1897, and $295,505 for April, 1896
Billings for the first four months d
1897 were more than double thos<
for the same period Of 1896. Unfillee
orders Is Of May 6, 1887, were said K
insure operations 1T . high level TO-
several months to come. Prospects To-
new business continues bright.