Evening star., 1943-09-27
Business Briefs
A Vast Backlop of Private Du

ing Needs that will require con-
struction of nearly a million new
units annually for almost a decade
after the war is being created by
the current lack of new home
buildings, according to United Busi-
ness Service. The service also pre-
dicted large amount of renovation.
repair and remodeling will be re-
quired to modernize present dwell
ings.
New Furniture Orders accepted bv
Grand Rapids manufacturers in Au-
gust recorded their sharpest decline
since February, Seidman g. Seid-
man reported. Volume was 369s be-
low the preceding month and was
around August, .1939 levels, with
manufacturers voluntarily turning
away orders to keep production
schedules within restricted bounds
OF material and manpower, the re-
port added.
Cunard Steamship Co. stockhold-
ers voted at Liverpool to amend the
companys articles of incorporation
to permit operations of air trans
port service. The change places di-
rectors in position to build, buy or
charter planes to put Cunard into
competition for postwar air routes.
United Airline Transportation Co.
purchase of $3.50 shares of total
of 5000 shares of capital stock of
Llneas Aereas Mineras, S. A., of
Mexico was approved by the CAB.
The price was s145,75O. The board
stipulated that United's operation OF
the line must not go beyond the
borders of Mexico.
Dawson Chemical Corp. earned
$1293,0o7 or $2.51 a share in the
fiscal year ended June 80, compared
with s1,077,281 or 500 a share in
the previous IL months. s..-.
Electric Bond g. Share Co. earned
$5,621,374 or $424 share on the
combined S. and $6 preferred stocks
in IL months ended June 80, COM
pared with $500 037 or SIS. u COM
bined preferred share in the pre-
ceding year. ~
Vanadium- Alloys Steel Co. earned
$1,050,219 or $5.26 a share in the
year ended June 80, compared with
$1,248,026 or $6.31 a share in the
previous II months. -..=e
Gimbel Brothers, Inc, earned
81 ,267 ,440 or 70 cents share in six
months ended July 81, compared
with $889,491 or 80 cents a share in
the same 1912 period.
Pennsylvania Salt Mfg. Co. earned
ST ,399, ,584 or 1888 a share in the
year ended June 80, compared with
81 ,421, ITO or $9.47 a share In the
previous year.
New York Central Railroad re-
ported August net income of $685.
999, compared with $4,768,712 in the
same 1912 month. Net for the first
eight months of 1943 was $43, ,498, ,655
against $4,000, ,440 in the same 1912
period.
Pittsburgh & Lake Erie Railroad
reported August net income of
S377 SAT against $350,394 in August,
1912. Net for eight months was
S2,982,578 against $2,596,9 ,904 a year
ago.
Lehigh Valley Railroad reported
August net income of $524,636
against $760,554 a year ago. Net for
eight months was $4,300,459 against
$2,912,356 year ago.
Illinois Central Railroad reported
August net income of Sl,632,418
against S2,l15,350 in August, 1912.
Net for the first eight months of this
year was $17,378,43O against s13,462,-
653 year ago.
Southwestern Gas g. Electric Co.,
a subsidiary of Central & Southwest
Utilities Co., was authorized by the
SEC to sell its gulf cities properties"
to United Gas Corp. for $812,50O.
Ogden Corp. proposal to sell at
competitive bidding 91,577 shares of
Derby Gas & Electric Corp. no-par
value common stock will be consid-
cred by the SEC at a hearing Octo-
ner l3.
Douglas Aircraft Co. declared a
dividend of SIS share, payable No.
vember % to holders of record No.
vember 8. The same amount was
paid November 81 last year.