Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-05-10
Business Briefs

III VlCkOly ID DelllS re-
f1ected by increased activity on the
stock market, according to Emil
Schram, president of the New York
Stock Exchange. Pointing to "a
general confidence we are going to
win the war and have something
left over after the fighting" he said
he did not believe it will be neces-
sary to close the exchange because
Of the war. The only way to ward
off imitation after the war will be to
supply the people with plenty of
everything, he added.
Wholesale Tea Supplies of tho
Nation at the end of March just
before the international ALLEGATION
plan went into effect were esti-
mated bv the Tea Bureau at about
100000 pounds, compared with
35,000,000 pounds year earlier. The
latest total did not include retail
ers' supplies or Government hold
jngs Under the ALLEGATION plan the
United States is to receive 100000
pounds of tea year, chiefly from
India and Ceylon.
National Power & Light Co.
awarded 242.664 shares of Houston
Lighting & Power Co. common stock
to group headed by Smith. Barney
& Co., Lazard Freres & Co. and
Blyth g. Co., Inc, on a lone bid of
$5l.85 share. Subject to SEC ap-
proval, the shares will be reoffered at
S54 share. less ST a share conces-
sion to selling group members. Re-
offering is expected Wednesday,
should the SEC approve.
Successful Bidders for a S38,OOO.-
600 arst mortage 3l4 per cent bonds
of the Public Service Co. of Indiana,
banking group headed by Kuhn,
Loeb & Co. and Hartman, Ripley &
Co. will reoffer the issue at 1O23s,
subject to SEC approval of the sale
and terms. The successful bid for
the issue was 1010969.
Fruehauf Trailer Co. reported
1912 net profit of ST ,653 ,498, or So. 70
share, against s2,019,936, or $4.61 a
share in 1941. Sales totaled 500, O93,-
495, against $34,276,124 in 1941.
General Railway Signal Co. earned
1922, 654. or 80 cents a share in the
first quarter of 1913, against $780,
789, or 80 cents a share in the same
1912 period.
L. c. Smith & Corona Typewriters,
Inc, earned 1851, 3O4 or s124 a share
in the first quarter, against S408,577
or $141 a share a year ago.
White Sewing Machine Corp.
earned s4,O14 in the first three
months of 1913, compared with $780,
255 in the same 1912 months.
Parker Pen Co. earned S699,1 or
$3.50 a share in IL months ended
February %, compared with 1855 AT
or s4.36 a share in the preceding
year.
Sharp & Dohme, Inc, earned
s450,173 or 80 cents share in the
first 1943 quarter, compared with
S443,941 or 81 cents a share year
ago.
Horwath & Horwath, New York
accounting and auditing firm, which
specializes in hotels and restaurants,
announced the admission of Fred L.
Mino Of Detroit as a general partner
and Lloyd S. PettegreW of Los An
geles as a junior partner. Arthur
E. Fox has retired from the firm.
Winthrop Chemical Co. has ap-
pointed Maurice L. fainter, Stan
ford University professor, as re-
search director. fainter, who has
been serving as consultant on chem
ical warfare to the San Francisco
War Council, will make his head
quarters at the company's plant in
Rensselaer,, N Y.
American Seating Co. earned
S108,181 or 40 cents share in the
March quarter, compared with S1O3,-
1913 or Al cents a share in the first
three months of 1912.