Evening star., 1939-05-17
Corporation
Reports

NEW YORK. May 1.-THE fol-
lowing is a summary of corporation
news, prepared by Standard Statis-
tics Co., Inc, New York
Standard Steel Spring CODE
clared dividend of so cents a share
on common stock, payable June l to
holders Of record May 26. Company
paid one dividend in 1888 of 40 cents
a share on December 80.
Sharp & Dohme, Inc-March
quarter preferred share earnings
were 79 cents against rs cents.
Art Metal Construction Co.
March quarter common share earn
lngs were 26 cents against 81 cents
Atlantic Coast Line R. R-March
quarter common share earnings were
Sl.27 against S201.
Chicago & Northwestern Ry.-
March quarter deficit was s5 ,O09 ,2O8
against deficit of S5,938,642.
Chicago, st. Paul, Minneapolis g.
Omaha Ry.-March quarter deficit
was s96l5lS against deficit OF
1857 7,223.
Missouri Pacific R. R.-March
quarter deficit was S4o52,027 against
deficit Of s4.514,6l6.
Granite City Steel Co.-President
disclosed that break-even point of
company currently is over the 40 per
cent level, as contrasted with only
- per cent not many years ago"
Company at present is operating at
rate several points above the steel
industry throughout the country, or
around so per cent.
North American Rayon Corp
Company advanced price of its So
denler, 24-filament skeins to 90 cents
pound.
American Light q Traction Co.
Common share earnings, II months
ended March 81, were s1.54 against
S169.
Pacific Gas g. Electric Co.-Com-
mon share earnings, IL months
ended March 81, were $2.53 against
$268.
Shawinigan Water & Power Co.
Company applied to Quebec Provin-
cial Electricity Board for authority
to issue SIG, 1867 500 on first mortgage
series G 30-year 4 per cent bonds,
dated June /, 1889, payable in
Canadian funds. Proceeds would
be applied toward redemption OF
Sl5, TAG, 900 series B AZ per cent first
mortgage and collateral trust sink
ing fund bonds, maturing May /,
1868, and for replacement of Sl0,-
GIL 500 series F 4 per cent bonds,
maturing April l, 1861, presently
held by trustee for company pur-
poses.
American Colortype Co.-Net loss
of company in four months ended
April 80 was s77,945. against a
deficit of $108,631 in like period of
1888
Transcontinental & Western Air,
Inc.-Passenger traffic of company
in April, 1899, showed a Is per cent
gain over March and l3 per cent
increase over same 1888 month.
REQ Motor Car Cot is said
plan of reorganization for company
filed in Federal court, Detroit, by
trustee under Chandler Act pro-
ceedings, proposes to segregate Ger
tain assets to satisfy merchandising
creditors claims of upward of $780,
600 and to borrow S2,0OO,OOO from
R. F. c. with which to resume manu-
featuring.
Certain-Teed Products Corp
March quarter deficit was $l4S,659
against deficit of S189,588.
Jefferson Electric Co.-Declared
dividend of 25 cents share on COM
mon stock, payable June 80 to hold
ers of record June Is. On January
3, 1889, similar distribution was
made on this issue.
Emsco Derrick g. Equipment Co.
March quarter deficit was s50,548,
against net income of $132,377.
Jaeger Machine Co.-Declared a
dividend of Is cents a share on COM
men stock, payable June to holders
of record May %. On November %,
1888, dividend of so cents share
was paid on this issue
National Transit Co.-Declared a
dividend of IS cents on common
stock, payable June Is to holders of
record May 81. On December Is,
1888, dividend of 40 cents a share
was paid on this issue.
Union Pacific R. R.-April net
railway operating income was esti-
mated at about $75O,0O0. This would
compare with $572,862 in like 1888
month. Estimated net railway oper-
ating income for April would raise
that for first four months to about
$4,000 900 against $2,655,2a5 in like
1888 period,