Evening star., 1943-10-30
Business Briefs

pared with 81 SOB ,88O,455 in the same
1912 period. Net income was $lO9,-
5l9,455, or $2.36 share, compared
with $83 3,562,ll9 or SITS a share in
the nine months of 1912. Net fo1
the third quarter was $4O,12926O OF
81 cents share. compared with $685.
1890 or IT cents a share a yea,
ago. Chairman Alfred P. Sloan, jr.
said later adjustments may neces-
sarily result in substantial modifica-
ton" of results War materials are
pouring out of the corporation s
plants now at rate of more than
slO,O00,O00 a day, he said.
North American Co. directors de-
clared a dividend on common stock
payable in the form of common
shares of Pacific Gas e. Electric Co
at the rate of one share of Pacific
Gas for every 100 shares Of North
American. The distribution will be
made January to holders of rec
ord December 3, subject to SEC ap-
proval.
Foster Wheeler Corp. declared a
dividend of $14 share on the old ST
preferred stock, clearing up all ar
rearS and calling this preferred on
January l at Sis a share plus a
dividend Of SITS share. The divi-
dend of $l4 is payable December
to holders of record November Is.
Dow Chemical Co. registered with
the SEC 309,741 shares of series A
no-par value cumulative preferred
stock, 81 dividend, which is to be
offered at $l10 share. Common
holders of record November 10 may
subscribe for the new issue on the
basis of three A shares for each five
OF common, while holders of SO
preferred stock may subscribe on a
share for share basis. Smith. Bar
ney & Co. is the principal under
writer. The f1otation, subject to a
stockholders vote November s, would
retire the So preferred through ex-
change or purchase at $1O5 a share
plus accrued dividends and provide
additional working capital.
Certain-Teed Products Corp. will
offer to exchange Sl0O principal
amount Of income dehentureS and
two shares of common stock for
each of the 67,373 shares of out
standing preference stock. The
offer was described in an SEC regis
tration statement covering $6,737.-
300 of 40 cumulative income de-
bentures. l34,746 shares of ST par
value common stock and certificates
of deposit for 67,373 shares of sc
preference stock.
Consolidated Gas, Electric Light &;
Power Co. of Baltimore earned ST.
233, ,222 or 78 cents a share IN the
September quarter, compared with
81 23l .434 or 78 cents a share a wear
ago. For the year ended September
80, net was S6,O63,3 ,378 or s4.lO a
share, compared with S6,288.l7l OF
s4,29 a share in the previous year.
United Gas Improvement Co.
earned 50 1901 ,673, allowing 1883 800
Tor common stock, in nine months
ended September so, compared with
Sll,ll8596, allowing s8,249.O63 fo1
the common, IN the same 1912 period
For the year ended September 80
net was Sl3575 SOP, with $40, Toe. .2O5
for the common, compared with SIS
885,l31, allowing S12059,O76 for the
common, in the preceding year.
Cushman's Sens, Inc. earned
Sll4,9l5 in twelve weeks ended Octo-
ber 9, compared with S66,l84 in the
corresponding 1912 period. For forty
weeks ended the same date, net was
s448, ,639 against S277,751 in the cor
responding 1912 period.
Marshall Field & Co. earned ST.
005, ,593 or 40 cents share in the
September quarter. compared with a
revised net of 1898 ,399 or 81 cents a
share a year ago. In nine months
ended September 30, net was s2,970.-
438 or S1.18 share. compared with
a revised net of s2,S97 1892 or s1.l4 a
share in the same period last year.
United States Gypsum Co. earned
s3,873.089 or $3.50 share in nine
months ended September 30, COM
pared with a revised net of S4,252148
or 1921 share year ago.
United States PLAYING Gard Co,
earned s939,942 or S244 a share in
nine months ended September 30.
compared with 1851 ,63l or sl.46 q
share year ago.
Mengel Co. earned S438. 400 in nine
months ended September 30, COM
pared with $485.90 in the same 1942
period.
Crown Cork & Seal Co. earned
$1,157I069 or $150 a share in nine
months, compared with a revised
net of 81 1872, ,132 or $180 share in
the same period last year.
Hudson Bay Mining & Smelling
Co.. Ltd, earned S5,869,345 or S214
share in nine months ended Sep
tember 30, compared with S. ,293, ,719
or Sl.9l share a year ago.