Evening star., 1944-06-27
Business Briefs

Farm Machinery Produc ii o n
reached its 1914 peak in May, but re-
manned 10.7T behind schedule on
June l, announced Chairman Nelson
Of the WPB.
New Highway Bridges after the
war will require 100000 tons OF
steel as soon as it can be released
from priorities, the American Insti-
tute of Steel Construction estimated
Candada's 1944-5 Budget was pre-
sented by Finance Minister Ilsley
with no increases in taxation and
elimination of the compulsory saw
ings feature of the individual in
come tax. All tariffs on farm ma
chinery as we'll as the 1917 war ex-
change tax will be removed. Bor-
rowings will be 5000 900 900, a rise
of $500 600 900 from the last year.
Wilson Jones Co. earned Sl89 ,86s
or 70 cents share in nine months
ended May 81, compared with $240,-
$50 or 81 cents year ago.
Spicer Mfg. Co. net for nine
months ended May 81 was 81, ,768, ,80l
of $5.37 share vs. 81 1886, ,l43 or IS Sc
in the same period last year.
Southern Railway reported net
income for five months ended May
81 was $8,275 ,603 VS.. s8,7l2.539 a
year ago Net for May was Sl,857,-
500 VS.. $2,480,565 in the same I94a
period.
Western Maryland Railway net
for five months ended May 81 was
sl,909 ,621 VS.. $2,303 1928 in the same
months last year. Net for May was
S268.107 VS.. 1904 1862 a year ago.
Norfolk g. Western Railway net
for the first five months of this
year was S9,246,0 ,004 VS.. $9075,1 1865 in
the same l943 period May net was
s19ll ,003 VS.. 1872 2,639.
Brill Corp. and American Car &
Foundry Motors Co. will be inte-
grated into a single corporate struc-
ture to be known as the A. C. F.
Brill Motors Co. and new securities
will be distributed to present stock
holders and creditors of the two
firms, If stockholders approve the
proposal at special meetings July 26
Columbia Gas & Electric Corp
plan for consolidation of four of its
subsidiaries in the Pittsburgh area
into a new company was approved
by the SEC. Firms included Manu-
facturers Light e. Heat, Manufac-
turers Gas, Pennsylvania Fuel Sup
ply and Greensboro Gas.
Pennsylvania Railroad objected tt
an ICC plan to submit to creditors
reorganization plan for the New
York, New Haven & Hartford. The
Pennsy filed a brief contending the
plan should not go to the creditors
until acted upon by the courts.
Savannah GA Gas Co. asked the
SEC TO approve its plan to reduce
outstanding capital stock from ST.
100000 to S672 900 by reducing from
S25 share to $l2 the par value oi
each of the $4,000 shares outstand-
ing. All of the shares are owneC
by American Gas 81 Power Co.
Perfex Corp. registered with the
SEC 2l,803 shares of S4 par value
common stock to be offered to pres
ent common holders. Proceeds
would be used for general corporate
purposes.
Cities Service Power g. Light Co
plan TO sell to Missouri Public Serv-
ice Corp. all common stock of City
Light 81 Traction Co. of Sedalia
Mo-. for $l,257 900. will be consid
cred at an SEC hearing July 7.
General Mills, Inc, declared g
quarterly dividend of 81 a common
share. payable August ! to holder.
OF record July 10.
Baltimore g. Ohio Railroad car.
loadlngs in the week ended June o
totaled 1922, compared with 77,46.
IN the previous week and 63,455 il
the like 1943 week.
Toledo, Peoria e. Western Railroad
asked ICC authority to issue sl0O,
900 81 notes for working capital
The application cited Government
seizure Of the line and its casf
during labor disputes.