Evening star., 1943-05-17
Business Briefs

l
Lower Commodity Prices in the
week ended May IA were reflected
by the index OF the McGill Com
modify Service, which declined 1
l04.l. compared with l043 a week
earlier. The latest figure compared
with wartime peak OF 1856 in
the second week of April and 1907
at the start of the war. The week s
decline was due primarily to lower
prices for agricultural commodities
including livestock.
It's Playing With Fire to gamble
with insurance. declared Financial
World. in an article which scored
Imitation hedges" which have re-
Gently come into vogue. "One of
the most unsound that has come to
our notice so far" declared the
article. 'is plan for converting life
insurance into cash and using the
proceeds for investment in securities
that would provide imitation
hedges What such proposal
would imply is gambling with the
most precious asset an individual
can acquire-protection aaginst the
uncertainties of life-risking the
security of those for whose safety
the insurance was contracted"
Constructive Postwar Policies are
being studied by 1877 important
Government and private agencies
according to the Twentieth Cen
tury Fund. Adding that there was
a far greater concentration on such
problems than was attempted dur
ing the first World War, the fund
said that 80 agencies had entered
the field of postwar study since a
survey was made a year ago. More
than third of the agencies are
devoting their principal activity to
the international field, while busi-
ness and financial problems come
next in popularity, the survey
showed.
Carnegie Illinois Steel Corp. an
nounced its mill workers had
smashed 1904 individual unit pro-
duction records since Pearl Harbor
Four new records were set in April
A 25-year iron record, broken by
a blast furnace crew at the COM
pany's Clarion works in March, was
passed again in April Crews on a
rolling mill at Homestead and a
tandem mill at the Irwin works also
hung up new high marks. The
Johnstown-Lorain works established
a new mark for production of cars
for mine and industrial railways.
Brewing Corp. Of America earned
$2l9.89l or S152 share in six
months ended March 81. compared
with $208,548 or $l.44 a share a year
ago.
Tilo Roofing Co., Inc. earned
$4,523 in 16 weeks ended April "a,
against s34,245 in the same 1912
period. Sales totaled 1885, ,344, COM
pared with se43,3e2 in the 1912
period.
American Barge Line Co. earned
$107 ,040 or 36 cents a share in the
first quarter, compared with $145 ,981
or 40 cents share a year ago
McGraw Electric Co. earned 1884,
06l or Sl80 a share in II months
ended March 81, against Sl.522 1893
or 1922 a share in the preceding
year.
Union Electric Co. of Missouri
earned $7,795,072 in IL months
ended March 81, compared with
S8,447,711 in the preceding year.
Gross was $45 ,306, las, against 940,-
934,234 in the previous period.
Columbian Carbon Co. earned
s642 1893 or Sl.57 share in the flrst
l943 quarter, compared with S841,e14
or $l.57 a share year ago.
Allegheny Corp. earned s4l8,94l
IN the first quarter. against $3.50 800
year ago. Total income was
81 l,448,443 compared with $1,343,241
= year ago. The profit was after
deduction Of gain on purchase and
retirement of the corporations own
bonds. This totaled 67,738, against
$31 ,48l a year ago.
Beatrice Creamery Co. earned
81 1854, 1894 or $3.16 share in IL
months ended February %. COM
pared with s1,869,788 or 1910 a
share in the preceding year.
Belding Heminway Co. earned
Sl51 ,130 or 81 cents a share in the
f1rst 1943 quarter, compared with
Sl54,234 or 81 cents a share year
ago.
Quaker State Oil Refining Corp.
earned 1903 1866 or 33 cents a share
In the first quarter. compared with
S429, ,093 or 46 cents a share in the
same 1912 period.
Jewel Tea Co. reported sales of
&3,S60, $40 in four weeks ended April
"A. compared with s3,988,113 a year
ago. Sales in Is weeks ended April
"a were $16,66l ,687, against s15,-
7H,713 a year ago.
Niagara Share Corp. holders were
told by President j. F. Schoellkopf,
jr., that the asset value of the
Glass B common stock was now
above SO a share, compared with
$8.12 on December 81, 1912. Donald
S. Dudley. president of the Roches-
ter Box Il Lumber Co. and Ben
jamin Klopp of the Sterling Engine
Co. were elected directors to succeed
Hans Schmidt, jr., ana Henry 3.
Reuss.
Brown CO., pulp and paper pro-
ducer. will pay all back interest to-