Evening star., 1944-03-06
Business Briefs

Rising Steel Production will reach
thee second highest point of the
war period this week, with opera
tions scheduled at 98.8% of capacity,
compared with 9759o last week,
1927 a month ago and 99.1%o a
year ago, the American Iron & Steel
Institute reported Tonnage of
l.769,000 was indicated compared
with 1,746,500 last week, 1,74l 800 a
month ago and 1.716,100 a year ago.
Industry's Incentive to Create
Jobs and produce is being wiped out
by progressively increasing taxation,
said President c. Donald Dallas of
Revere Copper & Brass, Inc, in an
address before the Northeastern
Roofing, Siding & Insulating Con-
tractors Association in New York
The Nation must tighten taxation
after the swar, reduce the threat of
imitation, raise living standards and
maintain freedom of enterprise, or
we will have mass unemployment
and mass Government and the loss
of freedom of enterprise and all
other freedoms, he said.
Interesting to Bank Stockholders,
the United States Supreme Court
today ruled that the receiver of the
National Bank of Louisville, KY,
had the right to collect stock
assessment from stockholders of
Bancokentucky Co. for the benefit of
creditors of the national bank. The
bank was owned by the company.
New England Power Association
announced that, as a result of an
SEC order, it had filed a plan
whereby single holding company
would replace the six holding COM
panies now covering the New Eng
land group.
Universal Pictures, Inc, registered
with the SEC S7,500,O0O of 3% %
sinking fund debentures, due 1859
They will be offered at 1867 by a
group headed by Dillon, Read & Co.
Fruehauf Trailer Co. filed with
the SEC a registration statement
covering proposed offering of $4,000
shares of 412%G cumulative con-
vertible preferred stock, Sl00 par
value. Proceeds would be used to
redeem 5ee convertible preferred at
SlO750 share and increase work.
ing capital Net for 1943 was ST.
3O2 ,446 or IS .39 VS.. ST ,653, ,498 or 1912
in 1912.
Pure Oil Co. earned $13,874,517 OF
$3.50 a share in l943, compared with
s13,76l 1926 or $2.47 in 1912. Presi-
dent Henry M. Dawes said the oil
industry as a whole lis being forced
to spend more money in producing
crude petroleum than it gets back
in the way of a price
MonsantO Chemical Co. reported
l943 net income of $4,425, 1853 or So sc
a share against 1912 profit of s4,-
650,569 or $3.75.
q New York Central Railroad Co. re-
ported 1943 net of $62, ,734 05O or $97a
a share VS.. $49,082,18 or $76l in
1912.
i, Gontainer Corp. earned $2,884054
or $3.50 a share in l943, compared
with s2,4O1 TAB or $3.07 in 1912.
Pittsburgh Coal Co. net for 1874;
was $l,767,232 or $5.05 on the 69t
preferred, compared WIFI 9I,ooo,So<
or S6.83 a preferred share in the
previous year.
:; Baldwin Locomotive Works earned
$5,O73,459 DIR $685. a share in 1943
before renegotiation, compared with
s$4,516,344 or $4.23 on a smaller
humber of shares in 1912.
n Frank G. Shattuck Co., owner OF
Schrafft's restaurant chain, re-
ported 1943 net of 1868 or s13e
4 a share, compared with $892,793 or
80 cents a share in 1912
r, Granite City Steel Co. net for 194i
was s554,000 or $145 a share against
e616,000 or s16l in the previous year
is Elgin National Watch Co. net fol
1943 was $1,140,176 or $285 share
compared with $1,123,627 or $28l in
1912.
-, Mead, johnson & Co. declared an
extra dividend of so cents and a
regular quarterly dividend of Y
cents on the common, payable April
l to holders of record March Is.