Evening star., 1943-04-16
Business Briefs

~ Univ anu AlllCl SdIl
Business Briefs
Don't Be Carried Away with
dreams OF immediate postwar
changes in automobile and house
stylings and materials, the Ma
tional Association of Manufacturers
warned after survey which indi-
Gated the change-over to new tech
niques will be evolutionary rather
than revolutionary. NAM declared
many manufacturers fear the pub
lie has been oversold on prospects
Wholesale Prices moved higher
last week according to the index
of the Bureau of Labor Statistics
which stood at 1887 of the 1926
average. or 0los above the previous
week. The index was 5iaee above a
year ago, l7To above the 1887 week
and 8.4eo above the average of April,
1929.
Brokers Loans held by reporting
member banks in New York City
totaled $685., ,00O, 900 in the week
ended Wednesday. the Federal Re-
serve Board reported. This was
$l29 100000 above the previous week.
A year ago, loans totaled 1921 o0o, 900.
Imitation, Is With Us and talks
by the President or so-called
official spokesmen will do little
to stop it. according to Walter
Whyte. market commentator in the
Commercial e. Financial Chronicle
What is needed is not more laws or
new regulations, but real effort to
enforce the ones already in exist
ence.' he declared. Departments
empowered to enforce nti-inflation
laws have so far given only lip serv-
ice"
Cold Storage Holdings of butter,
eggs and lard increased in March
but supplies of other perishable
commodities declined. the Agricul-
ture Department reported. Apples.
frozen fruits and vegetables showed
normal seasonal decline. it said.
while stocks Of frozen meats and
poultry were reduced more rapidly
than usual. Cheese holdings. which
usually gain at this period. were
said to have been cut substantially.
Lower Cigarette Earnings are ex-
pected by major companies this
year. Standard e. Poor's Corp re-
ported. Tobacco costs have risen to
$50 of total industry costs from 59oo
year ago, an advance too great to
be fully compensated for by sales
gains. A higher selling price that
might change the outlook completely
is possibility, the agency added.
OPA has indicated its willingness to
retieW the cost situation upon COM
pletion of the sale of 1912 tobaccos.
It's Worth More to be a broker
apparently. A New York Stock Ex-
change membership was sold today
for $4,000. an advance Of $4,000
over the last previous transfer on
April 2, and highest price since May,
1910.
March Fire Losses in the United
United States were the highest for
any month since 1882. the National
Board of Fire Underwriters an
nounced. They approximated $39.-
2l4,000. or 1870 above February and
29eo above a year ago.
Continental Baking Co. earned
S758,439 or Is cents a share in 13
weeks ended March n, compared
with s7l2.140 or 20 cents a share
year ago.
Lehigh Portland Cement Co.
earned sl,7lS,879 or s205 a share
in twelve months ended March 81,
against $2,362,97 or $293 a share
in the previous year.
Electrolux Corp. earned 1888 .942
or % cents a share in 1912. against
$1.4l6.538 or $114 share in l941.
Superior Oil Co. of California
earned s2,4o7. .466 or 1850 a share in
six months ended February %,
against $2,63S,061 or 1924 a share
year ago.
Botany Worsted Mills earned
s506.834 in 1912, compared with ST.
456 6579 in 194l.
Consolidated Chemical Industries.
Inc. in 1942 earned S1,044,253 or
$295 a share an class B stock.
against $1,o25,930 or $3.50 a share
in 1941.
U. S. Steel Corp. earnings for the
first quarter are estimated at 81 a
share, compared with $1.O1 a share
a year ago, the Wall Street Journal
reported.
Container Corp. earned $468, ,313
or 60 cents a share in the first quar-
ter. compared with $705.7l4 or 80
cents a share In the 1912 period.