Evening star., 1944-06-06
Business Briefs

Three Girls and a Machine now
produce more aircraft engine CYL
inder head assemblies than As ma
chimes and mechanics of prewar
days, Martin M Holben of the
Wright Aeronautical Corp, told the
Society Of Automotive Engineers in
Detroit.
Packard Motor Car Co. expects
to absorb a much larger slice Of
the postwar auto market. said
President George T. Christopher in
an interview. Packard has set -
its initial objective double its pre-
vious best years production: that
is a minimum Of 100000 cars an
nually; it's not a hope; not bal
looned-up figure. but definite OBJ
steps already taken he added.
Standard Oil Co. of New Jersey
stockholders, were told by President
Ralph w. Gallagher that consol-
idated net earnings for the first halt
of this year may be in the order
of $4,000, 600" compared with S48,-
0O0,000 or $176 a share in the first
half of 1943.
FIorsheim Shoe Co. net for six
months ended April 80 was $500 ,371
or 63 cents a class B share and $125
a class A share, compared with
S524.6 $50 or Sc cents and Sl31, re-
spectively, on the two classes of
stock in the same period year" ago
Southern Pacific System net for
Sl4628,664 or 1898 share VS.. S28,-
635, TAO or $759 a share in the same
period last year.
Standard Cap & Seal Corp.
earned $l35, AS or 80 cents a share
IN the March quarter, compared
with $94 523 or % cents in the same
1943 period.
American Gable & Radio Corp.
reported net of 1891 ITO in the quar-
ter. compared with S404230 a year
ago.
United States Freight Co. earned
S86,l97 or 29 cents share in the
quarter VS.. S289,371 or 81 cents in
the same 1943 period
Puget Sound Power & Light Co.
earned S5,473,7l2 in II months end
ed April 80 VS.. SO 999 676 in the pre-
vious year.
Ell PaSo Natural Gas Co. net for
the fiscal year ended April 80 was
$2,3l20l0 or $367 a share VS.. $2,297,
598 or S365 in the previous year.
Associated Telephone & Tele-
graph Co. earned $40,938 or ST cents
a share on combined preferred
stocks in the March quarter, COM
pared with $50, ,l01 or 79 cents or
the combined preferreds in the same
1943 period.
Commonwealth & Southern Corp
proposed payment of a SIPS divi.
dend on $4,000 shares of pre-.
ferred stock was approved by the
SEC.
F. w. WOoiworth Co. sales in MAY
totaled 36050,789, a gain of 34G
over S34,858,574 a year ago: in five
months, $l68, 1852 1864. up 1.8eo from
$l65, 5,682, ll2 year ago.
Spiegel, Inc, sales for May totalec
S2,940,033 VS.. 81 1856 ,704 a year ago, {
jump OF 1886 per cent; for fivt
months Sl2.999, ,256 vs.. Sl27l7676
an increase Of % per cent.
II. l.. Green Co. sales for MAY to.
tailed $5.344 372 VS.. $5.185. 5.227 a yeaI
ago. gain OF 81 per cent; for foul
months ended MAY 81. sl9 776,743 VS.
SIS. .7o9174. rise OF 0.l per cent.
Crown Drug Co. sales in Ma,
totaled 1892 1877, a rise of 7.8G from
year ago; in eight months endet
May 81, $7.474,3 1874, an increase 0
So.
Inland Air Lines elected William
A. Coulter president. He also i
president of Western Air Lines
Mutual Life Insurance Co. electe<
Franz Schneider to the board, H
is VICE president and chairman O
the Executive Committee of New
mont Mining and director of Con
tinental Oil and Lehigh Valley Goa,