Evening star., 1944-02-15
Business Briefs

Holdings of Federal Securities in
creased 1912 2,00o, 900 in banks of 101
leading cities during the week ended
February 8, totaling $38, ,902, 900 900
on that date, a gain of $10,474, ,000,-
900 over a year ago, the Federal
Reserve Board reported Other
changes from a week earlier: Gov
ernment deposits, up $97l 900, 900;
demand deposits, down Sill ,O00, 900;
commercial, industrial and agricul-
tural loans, down $3,O0O,OO0.
Crude Oil Production increased
17.170 barrels daily in the week
ended February IL to 4.4l2,960 bar
rels daily, the Oil & Gas Journal
estimated The East Texas average
rose 24,425 to 39O625 daily, but this
was Offset partially by declines in
other areas.
Consolidated Electric l. Gas Co
sold 100000 shares of Central Illi-
nois Electric & Gas Co. common to
Allen Il Co. and associates on bid
of $1763 share. Subject to SEC
approval, the shares are to be re-
offered to the public.
Columbia Gas & Electric Corp
earned $l0,894,427 or 36 cents a
share in 1943, compared with $l0.-
652,756 or "a cents share in 1912.
Union Bag & Paper Corp. reported
1943 net income Of $1o58,476 or SO
cents a share, subject to audit, COM
pared with 81 800 401 or 81 so a share
In 1912. Sales totaled $33,554,955
against $27,915,174 during 1912.
Phillips Petroleum Co. earned
$l4,168,422 or $3.04 a share in 1943,
compared with $l3,l29,458 or $2.95
share on smaller number of
shares in the previous year.
G. C. Murphy Co. net for 1943
was 1888 ,989 or $5.33 a share, COM
pared with $2,924,509 or $5.33 a
share in 1912.
Cluett. Peabody & Co. earned
$2,292,5ll or 5000 a share in 1913,
compared with $2,5O6, ,453 or 1894 a
share in the preceding year.
Gotham Hosiery Co. reported l943
net income of $605,589 or $1.23 a
share. compared with $822,8 or
SLIT a share in 1912.
Chicago Towel Co. net for 1943
was $648 ,629 or $6 81 a share against
$6lo,575 or 1914 a share in 1912.
Cook Paint & Varnish Co. earned
$453, $50 or $l.44 share in II
months ended November 80, COM
pared with $480 $3.50 or $l.57 q share
in the previous period
Atlas Corp. reported net asset
value of common stock at the end of
l943 was $19.0l a share against
sl2.56 at the end of 1912. Gross
assets were $64,s12,S against $48,-
9l3,474 a year earlier. President
Floyd B. Odlum said Atlas was ready
to participate in postwar recon-
struction at home and abroad il
restrictive tax and other laws were
sufficiently changed to warrant it.
Philco Corp. authorized q 20-cent
dividend on common stock, payable
March IA to holders of record Feb
ruary rs. The firm paid a 15-cent
dividend in the first quarter of l943.
Canadian Pacific Railway Co. de-
clared dividend Of so cents q COM
mon share. first on the common
since April l, 1882, payable March
81 to holders of record March l.
Provident Mutual Life Insurance
Co. OF Philadelphia reported new
insurance paid for in 1943 totaled
$50 ,083,0 900, a decline of 8.7T from
1912, but total insurance in force
reached $l,055, ,339 900, a gain OF
$l7,604,000 over the end of the
preceding year.
Baltimore & Ohio Railroad car
loadings In the week ended February
IL totaled 7l,755 against 7o,s89 in
the preceding week and 7,429 in the
like 19l3 week.