Evening star., 1943-11-16

l
Michigan. Oklahoma, Texas and
Louisiana outputs were down mod
erately.
New Life Insurance Sales of 80
companies which handle the bulk
OF the business amounted to $746.-
202 900 In October, a gain of 26.9%
over the same 1912 month, the Asso-
ciation of Life Insurance Presidents
disclosed. In 10 months sales to-
tailed $6 1862 ,2O3 900, an increase of
77% over a year ago.
Michigan Consolidated Gas Co.
registered with the SEC $38, 900 900
worth OF first mortgage bonds, 3h Oh
series. due 1868. and 10000 shares
of AZ % 500 par value cumula tive
preferred stock. Proceeds from
these securities and additional
shares of common stock will be
applied to redemption of $50, 900 900
OF 80 first mortgage bonds, due
1868, at l04%; s4,l5000O of 40
serial notes At 1907 to l02, and
10000 shares of go 500 par value
preferred at $40.
Walworth Co. registered with the
SEC 100000 shares Of SO convertible
cumulative preferred stock, $50 par
value, to be offered at $50 a share
For conversion of the new stock
500 900 shares OF no par value COM
mon were reserved. Proceeds will
be used to retire 6l,9l2 shares OF
l6%o preferred and $2,943, 500 OF 90
year first-mortage 40 bonds.
Southern Colorado Power Co
awarded $5.500.o00 1rst mortgage
bonds, due 1868, to Hartman Ripley
Co. on a high bid of l00.65 for
31as. The issue will be re-offered
at l02.
Lower Freight Rates were ordered
by the ICC to some Virginia points,
but it found present rates to New
port News, Suffolk and other cities
in the eastern part OF the State
to be not unreasonable" The rate
was cut 20 cents 4 ton to $2.45
for Richmond, Hopewen, Peters,
burg. Jarratt, boswell and Emporia
from mines in Virginia. West Vir-
eAAAa dAlN ACutuSAys 1 lN ldUC 10
Lynchburg and Rivermont was cut
10 cents ton to $2!05.
Technicolor, Inc, declared a divi-
dend of so cents 4 share, payable
December IS to holders of record
November rs. The previous pay
ment was IS cents on March 81, 1912.
PhiIco Corp. directors declared 4
dividend Of 20 cents 4 share on the
common, payable December Is to
holders of record November a.
Previous dividends this year were
Is cents 4 share March IL and 20
cents a share June II and Septem-
Der 49,
Chrysler Corp. reported net sales
OF 1851 ,008 $40 and net profits OF
S16,997 900 in nine months ended
September 80. compared with sales
OF 1923 3,622,ll5 and profit of s14,-
502 $50 in the same 1912 period
Provision for Federal income and
excess profits taxes totaled S29,-
$50, 1000 against Sll 400, 900 = yea,
ago.
Baltimore & Ohio Railroad stock
holders were told by President Roy
White that increased taxes and
other charges would reduce the
roads net this year below lo42 lev
els, despite an increase of S46, 500, OIL
in gross revenues for the first ten
months of the year. Mr.. White esti-
mated the 1943 tax cost at $48, ,0O0,-
900. or s22, 700, 900 more than in 1912
United Aircraft Corp. earned
so,86l 40 or sl33 a share in the
September quarter, compared with
$3,460,932 or $l.ls share a yeal
ago. For nine months ended Sep.
tember 30, net was 1882, 1923 OF
$4.l4 a share. compared with 310,-
4l5,920 or 3355 q share in the same
1912 period.
Pullman Co.. sleeping car Anil
ate of Pullman, Inc, Garner 1881 :
222 in September against 81, ,3s2, ,72l
in the same l942 month. Net TO,
nine months ended September SC
was $4,527,8 against $7,099, ,6e8 q
year ago.
American Hawaiian Steamship Co
earned $l,o32,075 or $2.43 4 share ir
nine months ended September 80
compared with $l,67s,2l5 or 1894 8
share year ago.
Atchison, Topeka l. Santa Fl
Railway reported net income fol
In nine months ended September 30
was $38, ,305, ASS against 345,o73,o65 ir
the same period last year.
Allegheny Corp. earned 81, ,662 90.
nine months ended September 30
compared with $873, ,S27 In the same
1912 period.
Kansas City Southern RAILWAY re.
ported net for nine months ended
September 80 was $2.595 ,664 or $685.
a share, compared with $3,3l2,l89 OF
s5.25 share in the same period last
year.
Artloom Corp. earned $146,5l2 o.
81 cents a share in 40 weeks endec
October 9, compared with $125, ,03s
or 81 cents a share year ago.
Chesapeake e. Ohio Railroad was
refused an appeal by the West Vir-
ginta Supreme Court from a Fayette
County decision afirming its 1o41
tax assessment of $97, ,901 900, which
was an increase Of slightly more
than $4,000, 900 over 1910.
American Machine 4 Foundry Co
elevated Morehead Patterson flrm
president to chairman of the board
to succeed his father, the late Rufus
L. Patterson. Herbert H. Leonard
president and treasurer of the Con-
solidated Packaging Machinery Corp
OF Buffalo, was elected president OF
American Machine. He expects tc
tresign from the Buffalo firm.
ifion