Evening star., 1943-04-05
Business Briefs

War Plant Expansion is nearing
completion and with industry largely
fooled up for arms production,
declining trend in machinery and
machine tool deliveries is indicated,
according to Standard g. Poor's
Machinery shipments are expected
to remain around 1912 levels and
the drop in tool output is likely
to be small. Although renegotiation
will narrow profit margins, earn
ings are expected to compare salts
factorily with most prewar years.
Higher Commodity Prices in the
week ended April 2 were indicated
by the index of McGill Commodity
Service, which stood at 1852, COM
pared with former peak of 1851 set
in the last week of March and
1907 at the start of 1912. A year
ago, the index was 96.6.
Scarce Articles are Exchanged by
retail furniture merchants at Chica-
go at their weekly trading post
luncheons," the Wall Street Journal
reported. Dealers swap merchandise
on cost-plus freight basis, purely
as an accommodation service to
each other, Biggest items are coil
springs, box springs, radios, up
holstered furniture, dining or living
room suites, and washing machines.
Participating stores vary from those
who annually gross $50,OOO to
$250,0O0.
Cotton Parity Price of 20.6O Cents
would result in July if average
monthly increases recorded so far
this season were maintained, &C
cording to the New York Cotton
Exchange Service Bureau.
Chesapeake & Potomac Telephone
Co. OF Baltimore City reported net
gain of 2,76O stations in March.
compared with 3,008 in March, 1912.
and $500 in March, 1941. Gain for
the first quarter was 7.456 stations,
against 1924 in the 1912 period and
9,453 in 1941.
South Penn Oil Co. earned S. $780,
137 or $500 share in 1912, against
$3,269,273 or 1927 a share in 194l.
Philadelphia Co. earned 1898, ,752
or S108 a share in 1912, against S.
964,939 or 10 cents a share in 1941.
Report excluded Pittsburgh Rail-
ways Co. and subsidiaries and street
railways subsidiaries of Philadel-
phia Co. Provision for 1912 taxes
was s8,454,130, compared with $8,-
733,463 in 1941.
Diamond T Motor Car Co. earned
$2,043, ,939 or $485 a share in 1912,
against S1,365, ,377 or 1924 a share in
1941.
Cleveland-C Cliffs Iron Co. earned
S4,057,2 ,235 or $3.50 a share in 1912,
compared with $4,149,5l2 or 1882 a
share in 1941.
Montana Power Co. earned So
298,939 or "a cents a share in 1912,
against s3,5l5, 1902 or $103 a share in
1941.
International Utilities Corp. earned
s956,09l in 1912, against s590,555 in
1941. Gross operating income was
$40 0,288, ,281, compared with $9,449, 800
in 1941
Southern Pacific System, exclud-
Ing Southern Pacific Railroad of
Mexico, earned $13,218,380 or $3.50
share in the two months ended
February %. compared with STILL
$50 or s190 a share in the same
1912 period
Ohio Public Service Co. earned
S3,084.647 or s346l a share in 1912,
against s2,27O,559 or s2l.35 a share
in 1941.
Federal Motor Truck Co. earned
S536,848 or S109 share in 1912,
against S819,641 or s1.67 a share in
1941.
Acme Steel Co. earned $1,782 ,921
or $5.43 a share in 1912, against
$2,994, ,240 or $913 a share in 194l.
Motor Wheel Corp. earned 81 1885,
1894 or $l.33 share in six months
ended December 81, against S949 ,224
or SLIP share in the same 1912
period.
Aluminium. Ltd, of Canada earned
$l4,928,122 in Canadian funds, or
s19.35 a share in 1912. against s15,-
1853 ,036 or S2O45 share in l94l.