Evening star., 1944-11-28
Business Briefs
Working CapitaI of America,

Working Capital of American cor
.porations increased by 81 5000, 900, :
900 to a new high of $44, 300 900, ,0OC
during the second 1914 quarter, the
SEC reported. Holdings of Govern
ment securities increased $780,
900 900 in the quarter.
Postwar Construction can attain
a volume greater than war construc-
ton, provided America has an active
economy with normal employment
said President William Muirhead oil
the Associated General Contractors
at Chicago conference.
American Home Products Corp
registered with the SEC 98,535 g
shares Of 81 par value capital stock
to be offered present holders on the
basis of one for each 10 shares held
Railroad Net Incomes for 1C
months of 1914 and 1913: Pennsyl-
vania. $95,S45,654 VS.. s114,024, 1863;
New York Central, $31,127,567 VS.
$51 ,543 ,2S4; Norfolk g. Western, $18,-
28e,052 VS.. $17,e32. .234; Southern
SIT, 400, ,2s4 VS.. Sl9,761 ,508; Illinois
Central, $15,304, 1853 VS.. $40, $50, 1928;
Burlington, $16,450,361 VS.. $28, ,526,-
552;. Milwaukee, $9,444,7l5 VS.. s7s,-
1s2.s4s.
Spencer Kellogg & Sons, Inc,
earned -, 2,160, 1924 or 1884 q share In
IL months ended September 2, COM
pared with 81 ,493, ,653 or $7S3 In the
previous year.
Farnsworth Televisien & Radio
Corp. net for months ended Octo-
Der 81 was $500, 1921 or ~ cents, after
reserve for renegotiation, compared
with $513,814 or SO cents q year ago.
Ell Paso Natural Gas Co. and SUBJ
salaries earned s2,276,455 or 1851 in
IL months ended September 80 VS.
s2,207 100 or 1854 in the same 1943
period.
Rayonier, Inc, profit for 6 months
ended October 81 was S9O0277 or
70 cents VS.. 1891 1903 or 2s cents a
year ago.
Curtiss- Wright Corp. declared .
dividend Of rs cents common
share. payable December AZ to hold.
erS of record December 8, and 8
dividend Of 80 cents on A stock, pay
able December rs to holders of rec.
ord December 7.
Shell Union Oil Corp. declared 8
regular dividend of so cents and ar
extra of 50 cents a common share
both payable December Is to holders
of record December 8, bringing 1914
payments to $3.50 VS.. $1.25 in 1943
Directors Of American Lead Co
declared an extra dividend of 81
cents per common share, rayabl,
Dec. 20.
South Porto Rico Sugar declared
a dividend of 81 on common VS.. 81
cents paid last January.
American Locomotive declared ,
dividend of Is cents and year-ens
payment Of 80 cents on common.
Mississippi Power Co. asked SEC
permission to redeem 1926 out
standing shares Of 81 preferred stool
at sl10 plus accrued dividends.
Beech Aircraft Corp. stockholder'
will vote December IA on q pro
posed increase in capital stock from
100000 to 1,500, 900 shares.
Ford Motors Co. disclosed tina
around $3.50 Liberator bo1nbers hav'
been produced at the Ford-operatet
Willow Run plant in the last 2 years
Minneapolis Honeywell Regulator
Co. completed its 30,000th electroni,
automatic pilot for precision bomb
ing.
Philadelphia Co. must pay al
taxes and assessments of Mononga.
hela Street Railway Corp. of Pitts.
burgh, the Pennsylvania Supreme
Court ruled In unfolding a lowel
court order
Aluminium Co. Of America de-
signed an experimental aluminium
box car, which is now being testes
on the Great Northern Railway
General Motors Corp. announced
appointment OF w. Z. Fish as as
sistant general sales manager of it.
Chevrolet motor division to direc
oil truck and commercial vehiel,
activities.