Evening star., 1944-07-18
Business Briefs
Corporation Profits approXimate

Corporation Profits approximated
$2,213 100000 in the March quarter
after taxes. compared with $780,
100000 in the last 1943 quarter. the
Commerce Department estimated
For 1943. they approximated So
963, 100000. a gain of SO over So
533,000000 in 1912.
Railroad Earnings. including 1875
class l carriers, aggregated S48,-
033,277 in April, after taxes anc
charges, compared with $86273, III
a year ago, the ICC disclosed.
Manufacturers Inventories de-
clined steadily in the first five
months of this year to reach the
lowest level since mid-1942, the
Commerce Department revealed
The five months reduction was esti-
mated at $5O0,00O,000 Inventorie:
were reported in better balance.
DevOe & Reynolds Co., Inc, earned
Sl99.587 or 83 cents a share in six
months ended May 81. compared
with S87,693 or II cents in the same
l943 period.
Christiana Securities Co. reported
net of 1882 ,631 or $45.38 share in
six months ended June 80. compared
with s5,832,323 or s35.38 year ago
Sutherland Paper Co. net for the
first half of 1914 was 1888. 709 OF
s1.18 VS.. S3708O8 or $l29 in the
same 1943 period.
Howe Sound Co. earned S238.85l
or 50 cents share in the June
quarter VS.. $340991 or "A cents a
year ago.
American Type Founders, Inc, net
for the June quarter was S200,95l
or 35 cents share VS.. S2l5.074 or 3e
cents in the same period last year
Endicott johnson Corp. earned
S2.2O3,672 or S458 share in So
weeks ended May 81, compared with
s2.364704 or S493 share in the
previous year
Superior Oil Co. of California
earned S2,66l,5l2 or S629 a share
in nine months ended May 81, COM
parde with $3,656,322 or 1854 a
year ago.
Magma Copper Co. net for the
first half of 1914 was $280,343 or 6e
cents a share VS. 1862 ,275 or 80 cents
in the same. 1943 period
Atchison, Topeka & Santa Fe
Railway System earned Sl6.826 644
or $587 a share in the first five
months of this year, compared with
S2l SIG, ,482 or $3.50 in the same
month of l943
United Air Lines reported revenue
passenger miles totaled 202,O59 ,68e
t,, hn fret holt Of 10dd ~
28ee over year ago. Mail ton-miles
totaled 7,732,935. a gain of So, while
express ton-miles totaled l,843,172
an increase of .7Go.
Tri-Continental Corp. net asset.
totaled $36,573,193 or $500 a com.
mon share on June 30, compared
with S32,760,010 or s463 on Decem.
Der 81 and $34,355,5 500 or $488 8
year ago.
Fundamental Investors, Inc, re.
ported market value of its assets
on June 80 was $11, 1886 ,021 or $23. Il
a share, compared with $685., ,30s
or s20.89 on December 81, 1943.
New York Life Insurance Co. re.
ported new life insurance writer
in the first half of 1914 amounted tt
$277, 400, 900, gain of 28.7qo over 8
year ago.
Maryland Trust Co. paid off $780,.
900 of RFC notes, reducing the out.
standing total to $500000.
Bendix Aviation Corp. was granted
a 100000 increase in its contracI
with Defense Plant Corp, raising
the overall commitment to $22 AGO..
600. Additional machinery ane
equipment for South Bend, Ind, anc
Wayne. Mich, plant will be provided
Stahl-M Meyer, Inc, purchased the
Peoria Packing Co.
Minneapolis e. St. Louis Kailwa,
60. asked 1CC permission to issue 9
Sl,438 1895 promissory note to the
American Transportation Corp. TO,
the purchase of 500 box cars.