Evening star., 1944-10-24
Business Briefs
REORGANIZATION of the Railroa,

Rehabilitation Of the Railroads
after the war will provide backlog
of jobs, If the carriers are permitted
sufficient earnings to finance such a
program, President William White
OF the D. L. g. w. said at an ICC
hearing. He urged restoration of
the freight rate increases suspended
18 months ago.
Pacific Gas & Electric Co. offering
Of Sis 100000 go mortgage bonds
Of 1874 were marketed at l04 by a
group headed by Blythe & Co.
Tubize Rayon Corp. Offering OF
10000 shares Of 434eo preferred stock
was put on the market at 103 by a
group headed by Kidder, Peabody
& Co.
Chicago, Burlington & Quincy
Railroad invited bids November !
on $40 1000, 900 of new bonds Halsey,
Stuart g. Co. and Morgan & Co.
are expected to enter bids.
Westinghouse Electric e. Mfg. Co
output of war equipment in the first
9 months Of 1914 amounted to $612,-
099,591, jump of 22ea from a year
ago, Chairman A. W. Robertson told
directors. Earnings we're $16,711 ,097
VS.. $l4,491 ,508 in the same 1943 pc
riod.
Pan American Always has or
oered Is DC-7 planes costing s40,-
100000 from Douglas Aircraft for
postwar delivery. With capacity
for 108 passengers plus a crew of 13
each transport will have a pres
surized cabin to permit travel at an
altitude of 10000 feet.
Shell Union Oil Co. earned s22,-
$4,000 or $168 share in nine
months ended September 80. COM
pared with sl8,209,223 or $1.36 in
the same 1s43 period.
Climax Molybdenum Co. net for
nine months was S6,091 ,937 or $242
share VS.. s7,317,787 or $3.50 a year
ago.
Proctor & Gamble Co. earned 81
o20996 or 73 cents a share in the
September quarter, compared with
S5,153,396 or 78 cents in the same
1943 period
National Biscuit Co. net for the
September quarter was $2.470,098 or
81 cents . share VS.. $2,524, $50 or 80
cents year ago.
Texas Gulf Sulphur Co., Inc,
earned $2,627 ,10l or So cents a share
in the September quarter VS.. 81, ,089,-
376 or 81 cents in the same 1943
period.
Columbia Pictures Corp. net for II
months ended June 80 was $2OO5, 1886
or s4.89 VS.. 1902 ,280 or 1886 in the
previous year.
General Baking Co. earned ST.
203,248 or A cents share in 80
weeks ended September % VS.. ST.
240,826 or 46 cents in the like 194a
period.
Allied Mills, Inc, net for Il
months ended September 80 was
$1,327, ,497 or S1.66 a share VS.. ST.
064, 1897 or $2.57 in the previous year
Houdaille Hershey Corp. earned
$1,281 ,403 or $1.22 a share on class
B stock In 8 months ended Septem-
Der 80, before renegotiation, COM
pared with $1,537 $50 or $1.54 or
class B stock year ago.
Bliss & Laughlin, Inc, net for
months was $412,318 or S1.52 VS.
s525,972 or $1.95 in the same period
last year.
Remington Rand, Inc, is plan
ming to expand manufacturing ir
areas where .manpower is available
President James H. Rand said. L
will take the business machines in.
rustry four years after the war tt
catch up with demand, he declared
Pennsylvania Central Airline,
carried 52,188 passengers in Sep.
tember, a gain Of 1920 from 23,41:
q year ago.
Bendix Aviation Corp. signed q
contract with Defense Plant Corp
for a $4,670, 600 expansion OF its plan,
at Elmira, N. Y.
Southern Railway elected as di-
rector DR.. Douglas Southall Free
man, Richmond editor and his.
'Yi'a.