Evening star., 1944-03-11
Business Briefs

crop frOSpcctS on Mdrcn ! were
less favorable for field crops than
last year, but current production of
milk, eggs and vegetables is salts
factory, reported the Agriculture
Department. Abnormally dry con-
ditions were cited in the Pacific
Northwest. the Northern Great
Plains States and from Minnesota
eastward through the Northern
States. Moisture was more favor
able in Southern States. Record
citrus crops were predicted.
Wholesale Commodity Prices
reached new peak in the last
week, according to the Associated
Press index of IS staples, which
3 stood at 107.21%5 of the 1926 average
yesterday, compared with 106.89 a
week earlier and 10636 year ago.
Less Favorable Feeding Ratios are
being reflected by lighter weight
swine and present indications are
that average hog weights in 1914
will be much lighter than last year,
the BAE said.
7 Cotton Textile Shortages for civil
ians are expected for the remainder
4of the year as result of lease lend
Enquiry for quick delivery of 81 ,0O0,-
5000 yards of goods covering wide
variety of construction, Worth
aStreet circles reported.
I State and Municipal Financing
scheduled for the coming week
totals s4,099,711, compared with
sS9,551 300 this week and a weekly
saverage for the year to date of
!Sl8,299, ,681, the Daily Bond Buyer
revealed.
F. Shell Union Oil Corp. earned
.S24 100000 or $182 a share in 1943,
compared with S16,860,oOO or s1.29
in 1912.
Addressograph- Multigraph Corp.
net for six months ended January
81 was S551,154 or 73 cents a share,
compared with $546,349 or 72 cents
a share in the same period a year
ago. Net for IL months ended the
same date was Sl,l33,154 or $3.50 VS..
S1,528,735 or S2.02. Results included
Canadian subsidiary, but not Eng
lish and European subsidiaries.
General Foods Corp. earned S14,-
144,847 or S242 in 1943 VS.. $13,810,-
034 or $3.50 in 1912. Sales set a new
record despite restrictions and
shortages. Net working capital in
creased 1879 in the year, while in
ventories gained 47ro.
General American Transportation
~
in 1943, compared with S3,4O5, 1868 or
1927 in 1912.
Houston Lighting & Power Co. net
for 1943 was $2,831 ,233 or $500 a
share against S2,841 ,569 or S5.05 in
the previous year.
Philadelphia Electric Co. and SUBJ
sidiaries earned s15,751, ,52l or sl.37
q share in l943, compared with S16,-
496,672 or STAT in 1912.
St. Joseph Lead Co. reported 1874:
net Of $4,033,974 or S206 a share ir
1943, compared with 1855. .625 Oh
$3.50 in 1912
Melville Shoe Corp. sales in Feb
ruary were S2,0l4,550 VS.. S2,462 .29S
year ago, a drop of 1920; sales ir
D. Ia.
decline OF 2l4Gs.
Marathon Paper Mills Co. reported
its Canadian subsidiary, Marathon
Paper Mill of Canada, Ltd, had ac,
quired timber cutting rights on 2,50t
square miles on the north shore O
Lake Superior. A paper mill ant
shipping facilities to develop tn,
timber will cost around S10,00O,O ,OOO
American Airlines is Offering col
lect and c. o. D. service on air ex
press shipments to and from Mex
leo City, Monterrey and Washing
ton, D. C. The C. o. D. rate is leo
with a minimum charge of so cents
City of Philadelphia reported it
net debt at the end of 1943 was S347,
476,052 against 67,273,l5l at tn,
end Of 1888, a l0-year reduction o
1857. Tax collections in 1943 wer,
$50 of the current levy, compared
with 942% in 1912, 1920 in 1874
and 9l.2% in 1910. The percentag
has increased every year since 1881
when 1t stood at 72.4%.