Evening star., 1938-03-05
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.


lowing is today's summary OF cor
poration news prepared by Standard
Statistics Co., Inc, New York:
Lockheed Aircraft Corp-Company
obtained new orders for five Lockheed
transports, amounting to s2740o0.
Untitled orders as of February 28,
1888, amounted to $6,200,000.
Catalin Corp of America.-l937
common share earnings were II cents,
against So cents.
Babcock g. Wilcox Co-Declared a
dividend Of Is cents, payable April l
to holders of record March 10. In
1887 five dividends of 81 each were
disbursed. Company expects to sus-
tain a loss from operations in first
half of 1888. 1887 common share
earnings were s8.O6, against s5.41.
Case q. - Co.-Company proposes
reduction in authorized preferred
stock from 100000 shares to 1Ol 1925
shares and increase in common stock
from 100000 to 100000 shares.
Fairbanks, Morse g. Co-1937 net
income was $2,148,443, against s2,252,-
GAL.
Hobart Mfg Co.-1937 class B share
earnings were $2.73. against s3.0l.
Intertype Corp-1937 common share
earnings before surtax were s1.44
against SLAP.
Starrett q. s. Co.-Common share
earnings six months ended December
81 were s2.15, against s215.
Childs Co.-President said the first
two months of year have been profit
less for the company. He stated that
it is impossible to tell when directors
will consider payment on account of
accumulated preferred dividends.
National Tea Co.-1937 deficit was
81 1.365.280, against net income of
s226.750.
Sears, Roebuck e. Co.-Sales four
weeks ended February 26 were of l.9
per cent.
Butte Copper & Zinc Co.-1937
common share earnings before deple-
ton were II cents, against cents.
International Cellucotton Products
Co.-l937 Common share earnings
were s2.78. against $3.14.
Pacific Western Oil Corp.-l937
common share earnings before surtax
were Sl.45, against $162.
South Penn Oil Co.-1e37 common
share earnings were $464. against
$3.50.
Loew's, 1nc.-Declared so cents
common dividend, payable March 81
to holders of record March IL. On
March 81. 1887. company paid divi-
dend OF so cents and extra of so cents
Morris (Philip) & Co.. Ltd. Inc
1t is said company is negotiating with
Lehman Bro. to underwrite an issue
of s7,500.000 convertible stock, the
proceeds of which would be USED
mainly to retire bank loans.
New York Telephone Co.-Net sta
ton gain February totaled 1,767
against lisp in February, 1887. In
two months net station gain was
5000, against 24.211.
Ford Motor Co. of Canada, Ltd
Production of this company in 1887
is reported to have totaled $4,000 cars
against 59.971 in 1896.
Fisk Rubber Corp.-1937 common
share earnings were 20 cents, against
Z cents.
Johns-Manville Corp.-1937 COM
mon share earnings were $3.50, against
$5l3.
Kalamazoo Stove e. Furnace Co.
1887 common share earnings were
$3.05, against $3.50.
Canadian Industries, Lh.-1937
common share earnings were $7.86,
against S6.45.
McGraw Electric Co.-l937 COM
mon share earnings were So, against
$213.
Dome Mines, Ltd.-Bullion produc-
ton in February totaled $601, ,372
against s617.483.
Reed Roller Bit Co.-1937 common
share earnings before surtax were
1924, against $3.50.
Mead johnson & Co.-Declared rs
cents extra and IS cents quarterly
common dividends, payable April l
to holders of record March is.
Grant, w. T., Co.-Common share
earnings after surtax, year ended
January 81, were s2.75, against 1884
Penney, j. c., Co.-1937 common
share earnings before surtax were
1851, against s7.37.
United Drug, Inc.-1937 common
share earnings were "a cents, against
$152.
Eastern Gas g. Fuel Associates
1897 preliminary net income was
$3,017,816, against s2,877,031. Net in
come, IL months ended January 81,
1898, was $3,095,646, against s2,725.-
Gil.
Eagle-Picher Lead Co.-1937 COM
mon share earnings were 40 cents,
against "a cents.
New York Central R. R.-Company
announced a reduction to Is cents
for pleasure cars on West Shore ferries
between New York and Weehawken.
Youngstown Sheet & Tube Cot
Is said this company has negotiated
loan with bank believed to involve
around $l2,500,0O0. OF the total it Is
believed about 100000 will be used
to pay OF previous loans, and remain
der will be added to cash.
American Telephone g. Telegraph
Co.-Station gain by Bell system in
February totaled 10000 telephones,
against $4,000 in February, 1887. In
January, 1888, net increase was 3l,500.
Bell Telephone Co. Of Pennsylva-
nia-Station gain in February totaled
LISP, against 10,282 in February, 1887.
In two months station gain was 4,499,
against 1920:
Brooklyn Union Gas Co.-Company
currently has outstanding $2,750, 900
in notes due banks, against So, ,750, 900
on December 81, 1887. January and
February gas send-out Of company was
10 per cent larger than In the like
1897 period. Earnings In first month
Of 1898 amounted to 8 cents . share.