Evening star., 1938-05-17
CORPORATION
REPORTS

NEW YORK, May 1.-THE follow
ing is todays summary of corporation
news prepared by Standard Statistics
Co.. Inc. New York:
Fairchild Aviation Corp-March
quarter common share earnings were
II cents. against mills
REQ Motor Car Co.-March quarter
deficit was $512,538, against deficit of
$269,495.
Melville Shoe Corp.-Sales, four
weeks ended May 7, were up 259 per
cent; 20 weeks. of 4.9 per cent.
Neisner Bros. Inc.-Declared Is
cents common dividend. payable June
Is to holders of record May 81. Last
previous payment was quarterly divi-
dend of so cents a share on March
Is, 1888.
Silver King Coalition Mines Co.
March quarter common share earnings
were 8 cents, against 35 cents
Reynolds Metal Co-Directors of
company decided to await results of
second and third quarters OF 1888 be-
fore taking any action on common
dividend. Paid IS cents March l.,
1888.
Louisiana Land e. Exploration Co.
March quarter common share earn
ings were Is cents, against 18 cents.
Motor Wheel Corp-Directors Of
company voted to omit the dividend
ordinarily payable June 10. Last pay
ment was 20 cents a share on March
10, 1888 Sales for second quarter
are continuing at levels of first three
months.
Reynolds Investing Co.. 1nc.-Oscar
Stern of Atlantic City, N. j., deben-
ture holder. filed suit in Federal Court.
Camden. N. j., for an order requiring
Reynolds Investing Co., Inc, to show
cause why a receiver should not be ap-
pointed to conserve assets.
Associated Dry Goods Corp-Sales
of subsidiary store companies. l3
weeks ended April 80, were of 81
per cent.
Eastern railroads filed with l. c. C..
q petition for reargument and recon-
sideration of commissions decision OF
April 4, which refused to allow the
carriers to increase passenger coach
fares p cent mile to 2l2 cents.
American Power g. Light Co.-Com-
mon share earnings. IL months ended
February 20, were 81 cents, against 10
cents
Great Northern Ry.-Company
asked I. C. c. for authority to pledge
and repledge not exceeding $l5,000,-
900 of general mortgage 6 per cent
bonds, series F, as security for notes
which the carrier expects to negotiate
in order to meet its cash requirements
during 1898. 1t was said that actual
borrowings are not expected to ex-
ceed $7.000000.
Wentworth Manufacturing Co.
Common share earnings. 6 months
ended March 81, were 9 cents, against
36 cents.
Columbia Pictures. Inc-Company
announced for the new 1937-38 film
season a production schedule of 40
features. Is Westerns, 126 short sub
ject releases and serials.
Engineers Public Service Co.-Ofi-
Gals of several power districts in Ne
braska have asked the opinion of the
Secretary of the Interior on whether
they should acquire at going concern
value the properties of 10 power COM
panies in Nebraska and whether the
issuance at once of $20, 1855, 900 deben-
lures and the later issuance of $70,-
600, 900 debentures would affect the
lien now held by the P. w. A. on
properties Of the districts. Under the
proposal the districts would sell the
debentures to banks to finance a
publicly-owned system to cover seven
eighths of Nebraska territory. Prices
to be paid for the properties would be
arrived at under supervision Of ]. D.
Ross.