Evening star., 1943-11-23


Imports From Latin American Ma
tions in the first nine months OF
this year exceeded United States
exports to those countries by $37l,-
600 900, the Census Bureau disclosed.
In the same l942 period, the margin
was 1921 ,000, 900. Significant import
balances were noted in trade with
Cuba, Chile, Argentina, Brazil, Co.
lumbiia and Uruguay
Central Power g. Light Co. plan
to issue and sell $25 900 900 worth
of first mortgage bonds, due 1878,
and apply proceeds 70 redemption of
its 334% first mortgage bonds, due
1869, was approved by the SEC. The
commission shortened to six days the
period for inviting bids.
Walworth Co. stockholders ap-
proved a refinancing plan, under
which $2,943, 500 of first mortgage Is
of 1855 will be retired, the so pre-
ferred stock eliminated, $60,373 ap-
piled to a lease purchase contract
and a substantial amount added to
working capital. The plan provides
for 100000 shares OF new SO con-
vertible $50 par value convertible
preferred stock and 308,758 addi-
tional common shares. The new
preferred will be offered to the pub
lie by banking group.
Public Service Co. of Colorado
common shares were placed on the
market by banking group headed
by First Boston Corp. at price OF
$25 a share. The 875 900 shares were
purchased by the group from Cities
Service Power g. Light Co. in a
divestment program under the Pub
lie Utility Holding Company Act.
Electric Auto-L Co. earned So
754,O76 or $314 share in nine
months ended September 80, COM
pared with s2,987 1882 or $3.50 share
in the same 1912 period. Latest re-
suits are subject to renegotiation
General Outdoor Advertising Co.
earned $305 240 or q cents a share
in the September quarter, compared
with S176,632 or cents share a
year ago.
Standard Gas & Electric Co.
earned S5,783, ,625 in twelve months
ended September 80. compared with
a revised net of S4,862,252 in the
same 1912 period Net for nine
months ended the same date was
S3,828,558 against $3,677,565 in the
same months last year.
Philco Corp. earned $2,445 ,o34 or
sl78 a share in nine months ended
September 30, compared with a re-
vised net of 1889 ,280 or s145 a
share in the same 1912 period. Net
for the third quarter was $9l8,752 or
ST cents a share against $685. ,403 or
~ cents share year ago.
American Airlines, Inc, earned
$2,046. 1893 or 1928 a share in nine
months ended September 80, COM
pared with s2,407 ,480 or 1891 a share
year ago. Passenger revenue was
| 1917 above a year ago, mail reve-
nue. was up 45.3s and express reve-
nue. up 76fc.
| General American Transportation
Corp. earned s3065,747 or s294 a
share in nine months ended Septem-
ber 80, compared with $2,403,551 or
S231 share in the same 1912 pc
riod.
Charles E. Hires Co. earned S797,-
/ 845 or $191 a share in the fiscal
year ended September go compared
with sl,08o6o1 or $3.50 share in
the preceding year.
A. NJ. ByerS Co. earned sl,148 225
or $284 a share in II months ended
September 30, compared with ST.
1876, ,422 or s302 share in the pre-
vious year, Net for the September
quarter was $159,955 or % cents a
share against $62, ,l87 or sl.l0 share
in the same 1912 period.
National Lead Co. declared an
extra dividend of Is cents a share
and the quarterly payment of 121a
cents a shAe, both payable Decem-
ber "a to holders of record Decem-
ber 10. The last extra was 1917
cents. In December, l94l.
Remington Rand, Inc, declared an
interim dividend of 30 cents a share,
payable January 2 to holders of
record December TO- Two previous
payments, 25 cents each. Payments
for the fiscal year to date will total
80 cents a share, against IS cents
a year ago.
Shell Union Oil Co. declared an
extra dividend of Is cents a share
and the regular year -end dividend of
go cents, both payable December Is
to holders of record December 3.
Payments for 1943 will total $1.25 a
share against 81 in 1912.
Treasury Books Will Close tomor-
row on an exchange Offering of
50, 1893 736 900 in maturing 7sTe Ger
tif1cateS, Secretary Morgenthau an
nounced.