Evening star., 1939-01-25
Corporation
Reports

ANo" AOASAAS OdA' GO.- IL LAG 4OA.
lowing is today's summary Of cor
poration news prepared by Standard
Statistics Co., Inc, New York:
Aviation & Transportation Co.
Deficit, year ended November 80,
was $212 ,316, against deficit Of $780,
557.
REQ Motor Car Co.-An order
signed by Federal Judge Lederle,
Detroit, directed A. j. Brandt to
show cause on January % why he
should not be removed as trustee
of company. Securities and Ex-
change Commission intervened in
reorganization proceedings with an
allegation that Mr.. Brandt was an
interested party in the reorganiza-
ton, inasmuch as he was executive
superintendent of company and q
creditor for back pay at the time
company filed petition for reorgani-
zation under National Bankruptcy
Act on December 16, 1898.
National Supply Co., Penn.-Com-
bined prior preferred share earnings
for 1898 before audit approximated
SAT, against 1864 in 1887.
Chicago e. North Western Ry.-
Interstate Commerce Commission
refused to reopen reorganization
proceedings involving this company
and Chicago, Milwaukee, st. Paul
& Pacific R. r. to permit filing of a
plan of reorganization based on con-
solidation of the two systems. Re-
opening of proceedings had been
asked by committees for holders of
common stock of North Western and
preferred stock of Milwaukee.
Evans Products Co., 1nc.-Special
meeting of shareholders of COM
pany to vote on increase in author
lied common stock from 300,O to
100000 shares to take care of con-
version provision In contemplated
$2,O00,O00 debenture issue has been
postponed to January 81, 1899, be-
cause of lack of sufficient proxies.
St. Louis-San Francisco Ry.-
Committees representing holders of
prior lien bonds and holders of
consolidated mortgage bonds had
filed with I. C. c. briefs in st. Louis
San Francisco reorganization case
opposing the carriers plan as dis
eliminating unfairly in favor of Re-
construction Finance Corp. and
Railroad Credit Corp. These two
agencies also filed briefs opposing
the roads plan and also that of the
committee.
Steel ingot production in the
United States for the week beginning
January % is scheduled at 512 per
cent of capacity, according to Amer
ican Iron e. Steel Institute. This
compared with 52.7 per cent a week
ago.
Pittsburgh Coke &, Iron Co.-Nine-
teen thirty-eight common share
earnings were 10 cents, against $124,
before surtax in 1887.
Hart, Schaffner g. Marx-Advance
sales for spring of current year show
a substantial increase in units over
year earlier, gain in dollars is less
as result of lower average unit prices.
Klein, D. Emil Co.-Nineteen thir-
ty-eight common share earnings
were 81 So, against $204.
Associated Gas & Electric Co.
Federal Judge Coke, New York,
granted motion of company, as deb
tor, to dismiss petition for receiver
ship against company on grounds
that it was not filed in good faith.
The proceeding was filed in behalf
OF three holders of debentures having
an aggregate face value of about
$7,O58.
Illinois Bell Telephone Co.-United
States Circuit Court of Appeals,
Chicago, took under advisement ap-
peal of State of Illinois to reverse a
District Court decision. which au-
thorized company to retain about
81 500 900 in uncollected refunds in
old rebate case.
United Corp.-Nineteen thirty
eight common share earnings were
7 cents, against % cents. Net asset
value on December 81, 1888, equaled
pei SlldlC dkdlllSJ 01.iC
on December 81, 1887.
Du Pont, E. I. de Nemours & Co.
1t is said that a new company for the
production of all-plastic airplanes
has been organized and that this
company, Bendix Aviation Corp. and
Atlas Corp. are reported to be among
the principal hackers. If experiment
tai work now being carried on is
successful, the company will man1-
facture airplane wings and fuselages
OF plastic material instead of metal.
1t is said to be working with thin
veneers of wood cemented or i'm
pregnated with plastic material.
General Electric Co.-Company
was low bidder for electric generators
to be installed at Shasta Dam, kew
unit of Central Valley Project of