Evening star., 1938-05-31
CORPORATION
REPORTS

NEW YORK, May 3l.-The follow.
ing Is today's summary Of corporation
news prepared by Standard Statistics
Co., Inc, New York:
Ford Motor Co.-Company's new
tire factory at Rouge plant Is in pro-
duction. turning out 1000 tires daily.
Eventually it is planned for plant to
produce about so per cent of COM
pany's annual requirement of about
5000, 900 to 100000 tires and tubes.
Anaconda Copper Mining Co.
Company announced temporary clos
ing of Belmont and Mountain Con
mines in Butte because of curtailed
consumption and increased stocks Of
copper. t
st. Joseph Lead Co.-Company re-
duced price Of lead IS ton to 3.85
cents pound, st. Louis, and 4.05
cents pound, New York.
Chicago g. Eastern Illinois Ry.-
April net railway operating deficit
was s70,976 against net railway op-
Grating income of $16,062 in April,
1887. In four months net railway
operating deficit was $41,076 against
net railway operating income OF
| $636,855.
American Water Works g. Electric
Co.-Power output in April decreased
224 per cent under April, 1887. In
four months decline was 22.3 per cent.
Yonkers Electric Light g. Power Co.
Company and its parent. Console
| dated Edison Co. of New York, Inc,
have fled application with New York
Public Service Commission for au-
thority to issue $9,515,000 3is per cent
debentures to mature June /, l948.
Interest and principal will be guar.
anteed by Consolidated Edison. Pro-
ceeds from sale Of debentures would
be used to repay Consolidated Edison
for advances made to Yonkers COM
pany for extensions Of its facilities and
plant improvements.
Consolidated Gas, Electric Light B.
Power Co. Of Baltimore-Company
filed a registration statement with
Securities Exchange Commission
covering an issue of $4,000, 900 3A
per cent first refunding mortgage
bonds, series o, due 1868. Proceeds
would be applied toward retirement
on or about August II Of $4,000. 900
3% per cent first refunding mortgage
sinking bonds, series K, due 1864.
Wagner Electric Corp.-Directors Of
company took no action on dividend
on common stock. Last payment on
which was as cents share ON March
21, 1898. ....-... +.
Atlas Corp.-Declared Is cents COM
mon dividend, payable June 40 to hold
ers Of record June 6. On October Is,
1897, a dividend of 20 cents q share
was paid on this issue.
Sears, Roebuck & Co.-Company's
midsummer flyer catalogue showed an
average reduction of about IL per cent
in prices as compared with spring.
summer catalogue, issued in January,
1898.
International Telephone & Tele-
graph Corp.-Earnings of company for
nrst quarter of 1888 were estimated
around $2.100.00o. This would COM
pare with 81, 900, 900 in like quarter Of
1887.
Manhattan Railway Co.-An inde-
pendent committee has been formed,
headed by w. s. Kies, and including e.
w. Murphy and L. ]. vorhaus, to rep
resent holders of 4 per cent bonds Of
this company. Committee said that
purposes of its formation was to OPP
pose sale Of Sixth avenue elevated line
to city and to work out a plan Of re-
organization Of Manhattan elevated
lines in event that lease Of Manhattan
lines to Interborough Rapid Transit
Co. should be terminated by Federal
court.
United States Steel Corp-Ingot
production at plants Of subsidiaries In
week ended May % was placed at
around 80 per cent of capacity. against
80 per cent in preceding week and
303s per cent two weeks ago.
American Enka Corp. - Common
share earnings before surtax, year
ended January 2, were $7.16 against
$5.67 in year ended December a. 1896.
Engineers Public Service Cop. w.
A. has given its tentative approval to
the proposed purchase by the State Of
Nebraska Of 10 private utilities within
the State which will be consolidated
with three4P. w. A. power projects.