Evening star., 1937-09-05
CORPORATION
d. n REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, September 4.-FOllOW-
ing Is today's summary Of corporation
news prepared by Standard Statistics
Co., Inc, New York:
Radio Corp of America a.-Time sales
on National Broadcasting Co. networks
for August amounted to $2,784,97
against s2,422,43l in August, 1886, in
crease of is per cent. Total time
sales for first eight months of 1887
we're $25, ,440,534 compared with $40
913,506 in like 1896 period, gain 81 6
per cent.
Standard Investing Corp-Net asset
value per preferred share December 81,
1886, was s84.10, against s72.68 on
June 80, 1887.
Spicer Manufacturing Co.-Plant of
company In Toledo was closed by
strike.
Pacific Tin Corp-Declared an extra
dividend of Is cents and regular quar-
terly dividend OF so cents, payable
September % to holders Of record Sep
tember Is, 1887. Similar extra dis
bursement was made on June Is, 1887
CasSco Corp.-Common share deficit
for year ended May 81 was Is cents
against 3 cents. Current assets totaled
S76,769, including s27,450 cash. Cur
rent liabilities were Sl28,994.
Maine Central Railroad Co.-Com-
pany applied to I. c. c. for authority
to issue $l0,000,00O OF per cent
cumulative prior preferred capital
stock in exchange for general mort
gage AZ per cent bonds, due Deem
Der /, 1860, at rate of five shares of
stock for each $500 principal amount
OF bonds.
Cuban Atlantic Sugar Co.-Dow,
Jones d Co. said that earnings of
company for year to end with the
current month were estimated at be-
tween $3.50 and 50 share In fiscal
year ended September 80, 1885, COM
pany reported net of sl,213,253, or
$f.70 share.
international Products Corp.-De-
clared dividend of SO on account of
accumulations on per cent pre-
ferred stock, payable September Is to
holders Of record September 10, 1887.
On July Is, 1887, dividend of Sc a
share was paid on account of arrears
Giving effect to current distribution,
arrears on this issue amounts to 50 a
share.
Union Buffalo Mills. - Declared a
dividend of $ll.75 a share on account
of arrears on 7 per cent preferred
stock, payable September % to holders
of record August 81, 1887. On July l,
1887, a dividend of $3.50 a share was
paid. Giving effect to current dis
trloutlon, accumulations on issue
amounts to sl925 share
Bell Telephone Co. of PENNSYLVANIA
Net station gain by company in
August totaled 3,449, against 3087 in
August, 1896. In 8 months gain was
48,977, against 3oo53.
New York Telephone Co.-Net sta
ton gain by company in August
totaled 2,l18, against 1856 in August
1886. In months gain was 7o,775,
against 42,94l
Douglas Aircraft Co., Inc. - Sub
sidiary. Northrop Aviation Corp, sus-
pended work. following four-hour
sit-down strike in its factory. Presi-
dent said that it was doubtful whether
Northrop plant would ever build air.
planes again.
Weisbaum Bros. Brown Cocoon
mon share earnings for year ended
July 81 were 81, against IS cents.
Bethlehem Steel Corp. - Company
stated in amendment filed with S. C
that Interruptions in operations of
three Of the subsidiaries during period
from March l to July S, caused by
labor disturbances, resulted in reduc-
ing or postponing profits that would
have been made if normal operations
OF the units had continued. It was
estimated that extraordinary expenses
and other increased costs incident to
such interruptions aggregated less
than s1,2000O0.