Evening star., 1938-04-23
CORPORATION
REPORTS

NEW YORK. April 23-The follow
ing is today's summary Of corporation
news prepared by Standard Statistics
Co., Inc. New York:
Dayton Rubber Manufacturing Co.
Common share earnings, four months
ended February %. were IL cents
against $l.01.
Cleotex Corp.-Referee approved ac-
QUESTION by Cleotex Corp. from the
Phoenix Securities Corp. Of l09,360
common and 9,496 preference shares Of
Certain-teed Products Corp. for which
Celotex would deliver to Phoenix 43,-
and $569, ,760 in cash Cash will be paid
IS per cent upon delivery Of the Ger
| tain-teed stock and remainder in three
equal annual installments, each bear
ing interest at per cent.
Kalamazoo Stove g. Furnace Co.
March quarter deficit was $80,267
against net income of s47,24l.
National Lead Co.-Chairman said
business Of company In current year
to date has been 80 per cent or more
behind 1887.
American Agricultural Chemical Co.
Common share earnings. nine
months ended March 81, were $2.04
against $315 in nine months ended
April !. 1887.
United States Industrial Alcohol Co.
Sales in the initial quarter were II
per cent below like 1887 period
Cutler-Hammer, Inc.-March quar-
ter deficit was s34,4l7 against net in
come of s45O.784
National Dairy Products Corp
Sales of company in first quarter were
about IL per cent below those Of same
1887 period. A profit was earned
during the period.
| Pacific American TisherieS-Com-
mon share earnings, year ended Feb
ruary %. were s204 against sl.82.
PfeifIer Brewing Co.-March quarter
common share earnings were II cents
against cents.
| United States &, International Sc
curities Corp-Directors of company
| took no action on quarterly dividend
on IS first preferred stock. last pay
ment on which was $l25 a share on
February /, 1898.
Bohack, H. c., & Co-Deflcit, year
ended January 81. was s319,309 against
deficit OF slo6,442
Columbia Broadcasting System, Inc
Common share earnings, 13 weeks
| ended April 2. were SO cents, against
n cents in Is weeks ended April 3,
1897.
Owens-Illinois Glass Co.-Common
share earnings, IL months ended
March 81, were s287 against s4.l5.
Creole Petroleum Corp-l937 COM
mon share earnings were $l.61 against
s123.
Mission Corp-l937 common share
earnings. excluding sl.239,234 profit
from sale of Tide Water Associated
Oil Co. stock, were $1.31 against 48
cents. A special meeting of stock
holders has been called for May IL
to act on proposals of directors to con-
vert the company from a holding unit
to an operating concern, engaging In
all phases Of the oil and gas business,
as we'll as various other lines Of activ-
ity, should board deem it advisable. It
further was proposed to change the
l,5O0, 900 shares of stock authorized
from no par to 81 par and to reduce
outstanding capital from sl3,933. .450 to
$l3,795,450 by retiring $4,000 shares
held in treasury.
Plymouth Oil Co-March quarter
common share earnings were SO cents
against 81 cents.
Smith, Howard. Paper Mills, Ltd
President said first quarter earnings
OF company were substantially lower
than in like 1887 period.
Bangor & Aroostook Railroad
March quarter common share earnings
were $2.s2 against $3.50.
Morris, Philip & Co., Ltd, Inc
Common share earnings, 10 months
ended January 81, were $9.3l. Com
pany earned $6.SS common share in
year ended March 81, 1887.
Pacific Lighting Corp.-Common
share earnings, IL months ended
March 81, were 1892 against SAT-.
Lockheed Aircraft ,Corp-Deliveries
Of company for first quarter amounted
to $1,7s6,09l, largest in company's
history and gain of 81 per cent over
like 1887 period.
American Colortype co. - Sales.
three months ended March 81, were
OF 81 per cent.
Ford Motor Co., Ltd.-Declared .
dividend Of per cent. less tax, on
ordinary stock for year ended Decem-
Der 81, 1887, compared with per
cent for preceding year.
General Motors Corp.-Buick plant
at Flint is operating normally again
after q four-day closing of its assembly
line caused by lack of bodies. Fisher
Body Plant No. / reopened without
dues collection picketing by members
Of the union.
Lone Star Cement Corp.-Alarch
quarter common share earnings were
76 cents, against rs cents.
Bohn Aluminium & Brass Corp
Company. whose eight plants In De-
troit and Hamtramck, Mich, have