Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-04-27
Business Briefs
New Transportation Records this

New Transportation Records this
year are indicated by heavy pas
senger travel in the first quarter,
George A. Kelly, vice president of
the Pullman Co. declared. He said
Pullman's passenger-mile total in
the three months was 500 above
! the previous peak set last year and
predicted both military and civilian
travel would continue to increase.
Bank Loans for commerce, indus
try and agriculture in 101 leading
cities increased 100000 to reach
$685. 100000 in the week ended
April q, but remained $1,276, 900 900
below a year ago, the Federal
Reserve Board reported. Banks
holdings of United States Govern
ment obligations advanced $1,O12,-
| 100000 in the week to reach $780,
$4,000, 900. gain of $14052 900, 1000
over year ago.
Improved Models for planes and
equipment will require difficult
changes in plants of United Air
craft Corp. in the coming year,
President Eugene E. Wilson pre-
dicted at the annual meeting. Ex-
pressing the hope that 1888 earn
ings would approximate 1912 marks,
he added that engineering and de-
velopment must be carried forward
at an accelerated pace.
Inadequate Supplies of materials
are threatening the continued OPP
Grafton of essential plumbing and
heating facilities, President T. w.
Merryman of the National Associa-
ton of Master Plumbers declared at
the New York State Convention.
Steel Output May Be Cut by an
arbitrary 48-hour work week, Presi-
dent Frank Purnell of Youngstown
Sheet & Tube Co. said at the annual
meeting. He opposed proposals to
extend the 48-hour week through
out the steel industry, requiring time
and a half pay for hours over 40.
Eastman Kodak Co. sales in the
first quarter were 500 above a year
ago, President Thomas j. Hargrove
told stockholders.
| Jones & Laughlin Steel Corp.
earned $780, 1863 in the first quar-
ter, compared with $2,491 ,718 a year
! ago.
Consolidated Edison Co. earned
$11 1853 ,341 or IA cents a share in
the first quarter, against S12,885 1897
or 80 cents a share a year ago. In
| twelve months ended March 81, net
was $29,867 ,468 or $165 a share,
against 1888 ,453 or $190 a share
in the preceding year.
Continental Can Co. earned
$5,041 ,180 or SLIT a share in twelve
months ended March 81. against
1881 $50 or $2.66 a share in the
preceding year
New York Central Railroad re-
ported March net income of $16,-
101 ,419 or $3.50 a share, against
81, 1857 1888 or 68 cents a share a year
ago.
War Plant Expansion will take
about s4,500,000,O00 of Government
funds this year compared with
Sc, 492, 100000 in 1912, the WPB an
nounced. About 500 of the total
will be for machinery and equip
ment, and the other 400 for new
construction. Last year only 45%
went for machinery and equipment
Shell Union Oil Corp. earned S.
067,188 or 80 cents a share in the
first quarter, compared with 81
656,546 or SO cents a share a year
ago.
Allied Chemical & Dye Corp. dol
lar sales so far this year have been
slightly above year ago, President
H. F. Atherton told stockholders at
the annual meeting
International Business Machines
Corp. earned s2,439, 9O4 or s2.35
share in the first quarter, compared
with $2,290,697 or 1921 a share
year ago.
Kimberly Clark Corp. earned $485,-
572 or SO cents a share in the first
quarter, against $555 ,497 or SO cents
a share a year ago
Walgreen Co. earned $1,717,O31 or
$l.16 share in six months ended
March 81, against $1,754,567 or $1.19
a share year ago.
Climax Molybdenum Co. earned
$2,714,272 or $108 a share in the
first quarter, compared with $685.
ISL or SLIP a share year ago.
Pennsylvania Railroad reported
March net operating income of So
923, 484, a gain of $2,140,362 over a
year ago. First quarter net was $18,-
944,618, an increase of $8,449, SAL
over year ago.
Western Maryland Railway re-
ported March net income of $546, 768
against $257 1903 year ago. First
quarter net was $1,529, $50 against
$662 1927 year ago.