Evening star., 1943-03-19
Business Briefs

Pepsi Cola Co. earned S6.274.776,
or $3.50 a share. in 1912, against
S9,363, los. or s493 a share, in l94l.
Earnings were exclusive of British
subsidiaries and were not strictly
comparable with 194l, when a non
recurring loss of Loft, Inc, was de-
Quoted.
United Air Lines earned s3l34,-
1856, or S209 share, in 1912, against
S596050, Or 40 cents a share, in l94l.
President w. S. Patterson said the
increase was due to abnormal war
time traffic and added his company
was carrying 33fo of the Nations
airmail and about 800 of domestic
air express.
Lendable Reserves of Federal Re
serve member banks increased
$3.50 100000 in the last week and
stood at $4,000 100000. Banks in
creased Government security hold
ings sl76,000000
Lumber Required for Construction
in l943 will total around II billion
board feet, compared with 2l,2ll,-
100000 board feet in 1912, WPB esti-
mated. Estimate included jor al
/ terations and additions, but not re-
| pairs or Grating ana toxing IF
civilian and military supplies. About
TIT 100000 board feet will be needed
abroad.
Brokers Loans for week ended
Wednesday totaled 454 millions. ar
increase Of SO millions over the prev
ious week, and far above 292 millions
in the corresponding week last year
Wholesale Price Index of Labor
Department advanced 0.3 per cent
last week to new high of 1922
OF the 1926 average. Farm products
principally fruits, vegetables, live
stock and poultry, led the rise. The
index has risen more than Ia in
tour weeks and contrasts with 3D. 2
in the corresponding 1887 week.
More Than Ton of Food for every
person in the Nation was hauled bv
the railroads in 1912, reported F. E.
Williamson, New York Central presi-
dent, at a meeting of the Eastern
Railroad Presidents Conference.
United States Steel Corp. reported
registered holders of common stock
numbered 1924 on February 20, a
decline of 200 since November 90
1912. Preferred holders numbered
70,764 on January 90, against TOTO
on October 80, 1912.
Secondary Distribution of 100000
shares of Socony-Vacuum Oil Co.
capital stock by Dillon, Reed & Co.
at Sl2 net received approval of the
New York Stock Exchange for men,
Der and member firm participation.
Offering may be from estate of Ed
ward S. Harkness Wall Street heard
Dealers were allowed a discount of
20 cents.
Blyth & Co. Offered 9,40O shares
Of Virginia Railway So cumulative
preferred stock at 1914 share. The
discount to members of the Ma
tional Association of Security Deal
ers was so cents share.
F. G. Budd Mfg. Co. has post
poned its annual meeting scheduled
for May r. Plan for refinancing
the preferred stock has been de-
layed pending Treasury ruling on
income taxes.
Wilson & Co. may register a $40
100000 issue of 80 bonds with the
SEC before the end of the current
month.
Atlantic Refining Co. earned So
800, ,002 or $2.33 a share in 1912,
against sl4.348,3 ,306 or S5.6l a share
in l941 A incorporating income
item of S3,274248 from involuntary
conversion of fixed assets and a ST.
000,O00 deduction for reserves were
included.
United Gas Improvement Co.
earned sl3,028,506, or Sc cents a
share, in 1912, against S17925, ITS
or II cents a share, in l94l.
Lehigh Portland Cement Co.
earned s1943. .739, or So 36 a share, IN
1912, against $2,2453l9, or S2.78 a
share, in l94l.
Pittsburgh Plate Glass Co. re-
pOlleQ net pfOllt OF 30. .U9 snare IN
1912 against s6.82 share in 194l
Restrictions on private construction
and sharp drop in glass and paint
demand from the automobile indus
try were reflected
United States Plywood is expected
to earn s275 a share in the fiscal
year ended April 30 compared with
$685. share in the previous year
Union Electric Co. of Missouri
earned s7763,877, or 50 80 a share, in
1912. against $8,232 ,436, or $267 a
share, in l94l.
Standard Gas g. Electric Co.
earned s5647 ,637 in 1912 against ST.
9O3, ,593 in 1871.