Evening star., 1943-05-04
Business Briefs

Executives Are Hopeful that
general, disastrous postwar inyen-
tory defation" can be avoided, ac-
cording to a survey by the Indus
trial Conference Board. Conserva-
tive pricing policies, protection
clauses in war contracts and the
fact that price increases have been
more moderate than in the last war
were among favorable factors listed.
Business Failures in the week
ended April % declined to So, lowest
weekly total on record. In the previ-
Gus week, there were 96 and a year
ago, 1879.
Kennecott Copper Corp. earned
$lO4 a share in the first quarter,
compared with about IS cents a
snare a year ago, President E. T.
Stannard estimated at the annual
meeting. Copper production at all
mines are setting new records and
the Utah properties remain the
largest single producer in the world.
Output of molybdenum, silver and
gold also is at new peaks, he said.
Standard Brands, Inc, earned 81
403 ,O47, or 18 cents a share, in the
first quarter, compared with ST ,489,-
979, or 10 cents share, year ago.
President James S. Adamds warned
stockholders it was an open question
whether this advantage could be
maintained later in the year.
Tubize Chatillon Corp. earned
$315 $40, or 10 cents a share, in the
first quarter, against $4O8,634, or Al
cents a share, year ago.
Coco Cola International Corp.
earned Sl,003 ,436 or $4.84 a share in
the first quarter, against $1,O3O,37O
or $4.92 a share year ago.
Philco' Corp. earned S77O,89o or
Sc cents share in the first quarter
against $595,035 or 43 cents a share
year ago.
Mack Trucks, Inc, earned S644.499
or $1.07 a share in the March quar-
ter, compared with $770,333 or $1.29
share in the same 1912 period.
Federal taxes amounted to $3,190,OOO,
against s2,470,00o year ago.
Skelly Oil Co. earned $1,231 ,925 or
Sl25 a share in the first quarter,
compared with s1,30O,036 or $132 a
share a year ago.
Twentieth Century, Fox Film Corp.
earned $10,609,7 1874 or $3.50 share in
1912, compared with $4,921,926 or
s203 share in 1941 The 1912 total
included s3,500OO0 previously listed
as frozen in England by war restric-
tions.
Amerada Petroleum Corp. earned
around $1.25 a share in the first
quarter, against 80 cents year ago,
President A. Jacobsen estimated.
Associated Gas & Electric Corp.
trustees have filed a new recapital-
ization plan for General Gas & Elec-
trio Corp. with the Federal District
Court at New York. 1t provides for
Investment of principal assets, a
simpliflcation of the corporate struc-
ture and distribution of voting
power.
Tubize Chatillon Corp. earned
$315, 1863 or 10 cents a share in the
March quarter, compared with $4O8,-
633 or Al cents share a year ago.
Eastern Rolling Mill Co. earned
$123 ,226 or So cents share in the
first quarter, against $190,331 or 81
cents a share year ago.
Frisco Railway reported 1912
operating revenues of $90,079, 600, a
gain of 45.7To over 1941. Freight
revenues were up $3.50 and pas
senger revenues 170.5go larger. Sur
plus over all charges was $l4,767, ,239
Trustees reported a cash balance of
17,541,11 at the end of the year.
American Viscose Corp. earned 81
cents share in the first quarter
against So cents a share year ago
President William C. Appleton tole
stockholders. Sales totaled $25 5,143,.
362, gain Of 1870 over a year ago
Appleton predicted favorable op.
erations for the rest of 1943.