Evening star., 1939-06-16
Corporation
Reports

NEW YORK, June l6-The fol-
lowing is today's summary of COR
poration news prepared by Standard
Statistics Co., Inc, New York:
Nash Corp. - Offlcials
of Nash Motors division revealed
that about 100000 will be spent
for new machinery and improve
ments at Milwaukee and Kenosha
plants during the summer. Company
, Nannounced its customary seasonal
shut downs to facilitate model
changes and the taking of inventory.
Electric Auto-Lite Co.-Declared
a dividend of rs cents share on
common stock, payable July to
holders of record June %. On April
/, 1899, a dividend of so cents a
share was paid on this issue. Com
pany signed new one-year contract
with Local No. II, U. A. W., giving
1t sole bargaining rights in the
Toledo plants. A wage increase of
5 cents an hour was given 500 work.
ers in the lower brackets and i'm
proved working conditions were
granted.
Firestone Tire & Rubber Co.
Common share earnings, six months
ended April 30, were rs cents, against
So cents.
Westinghouse Electric g. Mfg. Co.
"A wage adjustment payment of 7
per cent will be made to employees
of this company in June, 1889, COM
pared with an adjustment payment
of per cent in May. June payment
is based upon earnings in the pre-
ceding three months.
Electric Vacuum Cleaner Co.--De-
clared a dividend of go cents on
common stock, payable July to
holders of record June 23 On April
18, 1899, 40 cents was paid on this
issue.
American Smelling & Refining Co.
Company advanced price of lead
5points, making new price 480 cents
pound, New York.
National Refining Co.-Company
has advanced normal and subnormal
tank wagon prices y cent per gal
Ion on all grades of gasoline both
to dealers and consumers through
out the 20 States in which company
operates.
New York, New Haven Il Hartford
r. R.-Chairman testified before L.
c. c. it was expected New York, New
Haven & Hartford r. R. would have
income available for interest in 1899
of S8,200000. Under amended re-
organization plan fixed charges
J. would be S6500,000.
Western Pacific r. R. Corp.-Def-
cit of Western Pacific R. r. Co. in
four months ended April 80 was ST.
405,478 against deficit of S2,673, ,909.
United States Steel Corp.-Steel
ingot production at plants of sub
sidiaries for week ended June IL
was estimated at As per cent, a
decline of IL points below previous
week and comparing with 421a per
cent two weeks ago.
North American Aviation, Inc
, Declared a dividend of 40 cents
on common stock, payable July II
to holders of record June %. On
December l. 1888, a similar pay
ment was made on this issue.
General Motors Corp-Retail de-
liveries of Buick cars in first 10
days of June. 1899, totaled 5,768
units, an increase of AZ per cent
over the 4,062 sold in like 1888
period, and compared with 5.763 in
the first 10 days of May, 1889.
General Electric Co-Company
introduced a line of five television
receivers for use in New York area,
ranging in price from $195 to $795
ST. Joseph Lead Co.-Company
advanced price of lead S points,
making new price 480 cents a pound
New York, and 4.65 cents, st. Louis
Driver Harris Co.-Declared a
dividend of Is cents a share on
common stock, payable July 10 to
holders of record June 30. On April
10, 1889, a dividend of 10 cents a
share was paid on this issue.