Evening star., 1939-05-05
Corporation
Reports

NEW YORK, May 5.-The fol-
lowing is summary of corporation
news perpared by Standard Statis-
tics Co., Inc, New York:
Grumman Aircraft Engineering
Corp.-Deliveries of company for
four months ended April 30 amount
ed to $1,755, ,474, against 81 l,416, ,48O
for like 1888 period, a gain of "a
per cent. Untitled orders on May /
totaled $685. 900, against $500 900
on December 81, 1898. With receipt
of additional orders from Navy,
Grumman has stepped up produc-
ton to level well above a year ago.
Company is expanding it's plant to
provide for considerably larger en-
gineering facilities in anticipation
of additional business from national
defense program.
American Radiator g. Standard
Sanitary Corp.-March quarter net
income was $126,579, equal to 4 mills
common share, against deficit of
$649 597.
Air-Way Electric Appliance Corp.
Net income IL weeks ended March
Is was $26l. equal to 2 cents a pre-
ferred share, against deficit of $26,-
SIG in II weeks ended March 26,
1888.
Birtman Electric Co-March
quarter common share earnings
before Federal taxes were 81, against
81 cents.
Artloom Corp-Declared a divi-
dend of SITS share on account of
arrears on Z per cent preferred
stock, payable June / to holders of
record May Is. On March and
April Is, 1889. similar distributions
were made. Giving effect to latest
declaration, accumulations on this
issue totaled $3.50 q share.
American Type Founders, Inc
Deficit year ended March 81 was
s227,l59, against net income of
$145.138.
Waukesha Motor Co.-Company
received an initial order for 5000
engines from Crosley Corp. for its
new low-priced two-cylinder auto
mobile.
Mcclellan Stores Co.-April sales
were up "A per cent, three months
up per cent.
Standard Oil Co. of California
Declared an extra dividend of S
cents a share and regular quarterly
dividend of Is cents share, payable
June Is to holders of record May IS.
National Container Corp.-March
quarter common share earnings were
IS cents, against Is cents.
Pittsburgh Steel Co.-March quar-
ter deficit was $377,159.
United States Steel Corp.-Op-
Grating subsidiaries returned SAL
aried employees to flve-day work
week, which was effective during
most of 1888. The change means
a cut Of 81 per cent in pay; be-
tween 10000 and $4,000 persons are
affected. Workers on a daily wage
were not affected. Salaried en-
ployes of Tennessee Coal, Iron &
Railroad Co. and Columbia Steel
Co., Southern and Pacific Coast
subsidiaries, are not affected by the
order and will continue to work
5h or 6 days week.
Electric Bond & Share Co.-March
quarter preferred share earnings
were $143, against $147.
Georgia Power Colt Is said
Georgia Public Service Commission
is about to order q reduction in
domestic and commercial rates of
this company estimated to save
consumers upward of $1,000, 900 .
year. 1t Is. understood that Of
ficials Of company have agreed to
the new schedules and that the
reductions will become effective June
l for current consumed in May.
Apex Electrical Mfg. Co.-April
washer sales were 112 per cent above
year ago; for four months gain was
around 10 per cent.
American Chicle Co.-Declared an
extra dividend of 81 q share and
regular quarterly dividend of 81 on
common stock, payable June Is to
holders of record June /, 1889.
McCrory Stores Corp.-April sales
were up a. per cent; 4 months up
4.3 per cent.