Evening star., 1938-05-28

eypected to hand down decision with
in next TWO weeks on petition OF Re-
ceiver Murray of Interborough Rapid
Transit Co. to disafirm Manhattan
Railway lease.
Southern Railway Co.-AprI. net
railway operating income was S8l9,-
8o7. against s1,56s5O8 in April, 1887.
In four months net railway operating
income was s2,l64,64S, against &c.
975878.
Union Pacific r. r. declared $50
common dividend, payable July TO
holders of record June 3. Same
amount was paid in previous quarters.
Virginia Railway Co.-Common
share earnings. four months ended
April 30, were s283. against s5.35.
Western Maryland Ry.-Defcit, four
months ended April 30, was sl3,-
318 against net income of S332.7l3
Western Pacific R. R. Corp.-Deticit
of Western Pacific R. R. Co., four
months ended April 30, was S2,673 ,909,
against deficit of Sl290,258.
Wheeling & Lake Erie Ry.-Prior
lien share earnings. four months ended
April 80, were sl08, against $3.50.
Todd Shipyards Corp.-Common
share earnings. year ended March 81.
were S8.66, against S6,94.
Holly Sugar Corp-Common share
earnings, year ended March 81, were
ST 90, against s542.
Interstate Hosiery Mills, Inc.-1937
deficit was S56.760, against net in
come of S2l2.289.
Allied Mills, Inc-Declared so GEMS
dividend on common stock, payable
June % to holders of record June g.
Last previous payment on this issue
was so share on June Is. 1887.
Ritter Dental Manufacturing Co.
Factory employment continues on a
four day = week basis. established
February l, 1888, but basic wages re-
main unchanged from year ago.
American Safety Razor Corp-De-
clared 40 cents dividend on capital
stock. payable June 80 to holders of
record June 10. Previously SO cents
share was distributed quarterly.
North Central Texas Oil Co.-De-
clared an interim dividend of 10 cents
on common stock, payable July l to
holders of record June Is.
Standard Oil Co. of New Jersey
Company reduced by u cent gallon
the tank car price of Nos. l, 2 and 4
heating oils at Baltimore. making
price of No. l, 5i4 cents, and Of Nos. 2
and 4. A.. cents. Price of marine
Diesel oil at Baltimore also was cut
by 10 cents a barrel to SITS.
Canadian Pacific Railway-A pro-
posal for unifiCation of Canadian Pa
cific National Systems was presented
to special Senate Railway Committee
by Sir Edward Beatty, president of
Canadian Pacific. He adhered to his
estimated annual saving of SIS, ,300,-
900 by unification computed in 1882
on basis Of traffic in 1880. Proposed
unifcation included communications
and hotel services as well as railways.
Unification of steamship services Was
not considered
Missouri Pacific Railroad-April net
railway operating deficit was $llO,239.
against net railway operating income
of S582,525 in April. 1887. In four
months net railway operating income
was S538072. against net railway |
operating income of S3,396,Slo.
Interstate Hosiery Mills, 1nc.-Tes-
timony presented in hearing on
financial affairs of this company be-
fore chief of Bureau of Securities of
New York State. State attorney gen- |
erals office disclosed that an lnoe- |
pendent audit of books of company |
showed that in spite of discrepancies !
in the accounts for years 1884 to 1887 .
the company at close OF latter year |
was solvent having a surplus Of about |
1928, 900,
commonwealth e. Southern Corp
Common share earnings. four months
ended April 80, were 4 cents, against
9 cents.
Libbey-Owens-F Ford Glass Co.-Com-
pany announced resumption of opera
tions at its East Broadway plant at
Toledo. June l, with 400 workers. Plant
normally employees 100.
General Electric Co.-Company re-
duced hours of clerks in the motor de-
oartment at Lynn factories from 40 to
SO hours. with cuts in pay, ard has
submitted to mechanical workers
schedule for reducing number Of work
ers or shortening hours. |