Evening star., 1938-06-04
CORPORATION
REPORTS

Is today's summary of corporation news
prepared by Standard Statistics Co.
Inc, New York:
Schenley Distillers' Corp-Schenley
Products Co., subsidiary, announced
that operations would be suspended in
four distilleries and continued in two
others In line with the policy that pro-
duction of whiskies should not exceed
quantities sufficient to replace with
drawals for current sales requirements
Haywood Wakefield Co. Company
announced a reduction of S per cent
in wages and salaries effective June IS
Phoenix Securities Corp.-Company
has completed arrangements to antici-
pate its commitment to purchase by
July 81. certain securities of United
Cigar-Whelan Stores Corp, for which
deposit receipts were issued by the
Chase National Bank.
Locke Steel Chain Co.-Declared an
extra dividend Of 10 cents a share and
regular quarterly dividend of 30 cents
a share, payable June IS TO holders
Of record June 13.
Pacific Tin Corp-Declared Is cents
dividend, payable June "A to holders
Of record June 13. On March 28, 1898
q payment Of so cents q share was
made. Disbursement was more thar
covered by income from Yukon Pacific
Mining Co.
Granite City Steel Co.-Directors oi
company took no dividend action or
common stock, last payment on which
was 121s cents q share on March
80, 1888.
Smith, A. O., Corp.-Deficit, 1:
months ended April 80, was s16o, ,532
against net income Of $49,719.
Manhattan Railway Co.-Director:
OF company disapproved proposal by
q bondholders' committee to sell the
Sixth Avenue Elevated Line, operated
under lease by Interborough Rapie
Transit Co., to the City of New Yorh
for $12,5o0.o0o.
North American Co.-Declared 81
cents common dividend, payable July
! to holders of record June Is. Same
amount was disbursed on April /
1898.
Standard Gas & Electric Co.-March
quarter prior conference share earn
ings were $1.62, against 1913.
Hall, w. F., Printing Co-Conmon
share earnings, year ended March 81
were $1.49, against $179.
Midland Steel Products Co.-De.
clared regular quarterly dividend of 81
on first preferred stock, payable July
to holders of record June 13, but
made no announcement concerning
dividend on 81 non-cumulative divi-
dend shares ordinarily payable at same
time or on common stock. Dividends
on latter two issues were not discussed
at the meeting.
Upgrade Sylvania Corp.-Drectors
Of company took no dividend action
on common stock, last payment on
which was 3712 cents q share on April
l, 1888.
American Capital Corp.-Declared
25-cent dividend on So preferred
stock, payable July l to holders OF
record June is. After this payment
arrears will total 50 a share.
Neisner Bros, Inc.-May sales were
of az per cent. Five months OF ia
per cent.
Yukon Pacific Mining Co.-Directors
Of company, formerly Yukon Gold Co.,
took no dividend action ON common
stock, on which 4 cents q share was
disbursed March IS, 1888.
Glidden Co.-Company proposes to
fund bank loans with $1,000, 1000 OF
one to seven year unsecured notes
bearing interest at average rate OF
about 3k per cent.
Griff Bros. Cooperage Corp.-De-
clared Accent dividend on class A
stock, payable July ! to holders OF
record June is. After this payment
arrears win total $11.35 q share.
Royal Dutch Co.-1937 net income
was 87,617, ,256 forms, against 1885,
253 dorins in 1896. =
American Gar 81 Foundry Co.
Company will report moderate net
earnings for fiscal year ended April 80.
American Steel Deficit,
four months ended April 80, was $685.
12s.
Pere Marquette Railway-Deficit,
four months ended April 80, was ST.
8.726, against net income of $780,
l80.
Bethlehem Steel Corp.-Bethlehem
Shipbuilding Corp, Ltd, subsidiary
has consummated the purchase for
about $9,32o,000 in cash Of all the
shipbuilding and ship repair facil-
ties Of United Shipyards, Inc.
Twentieth Century-Fox Film Corp.
-Declared 50-cent common divi-
dend, payable june 80 to holders OF
record June II. Same amount was
paid March 81, 1898.