Evening star., 1944-04-05
Business Briefs
Electric Power Production in tn

Electric Power Production in the
week ended April l totaled 4,4o8,-
100000 kilowatt hours, compared
with 4,409, $4,000 in the previous
week and was 1897 above $780,
$4,000 in the like 1943 week, ac-
cording to the Edison Electric In
stitute.
Net Railway Income of Glass ]
carriers approximated S46,300, 900 in
February, compared with S61 ,818,80e
a year ago. Revenues were $735,
305,464 VS.. 1868, ,479.2 .220 a year ago
In two months net was SOL 500 O0C
VS.. S124,798, ,638 year ago. Revenues
were STATS ,977,197 vs. $1,334 ,802 O5S
Arizona Edison Co. offered So 500,-
600 first mortgage bonds, 31aPo Sc
ries, due 1874, and 4,5O0 shares Of
S5. cumulative preferred stock
through Coffin & Burr, Inc, anC
Dean Witter & Co. Bonds were
priced at 1861 and the shares at 100
Philco Corp. earned $3,573 ,569 OF
$3.50 share in 1943, compared with
$2,209, 1892 or S161 in 1912.
United States Tobacco Co. net fol
1943 was 81, 2,508,33 or S1.32 a share
VS.. 1912 profit of S2,6l3,484 or S1.34
Horn & Hardart Co. earned ST.
465, ,494 or $237 share in 1943, COM
pared with 81 1,270,433 or So 90 in 1912
Chesapeake & Potomac Telephone
Co. of Baltimore reported February
net of $223,631 VS.. S219,004 a year
ago Gross was $2,249,138 VS.. 81
046,547 in February, 1943.
Omnibus Corp. and subsidiaries
earned Sl,427 035 or SLAB a share in
l943, compared with S1,205 $40 OF
sll3 in 1912
Detroit Gasket & Mfg. Co. net fol
l943 was S519,096 or 1921 a share VS.
1912 profit of $412,707 or s1.71.
Diamond Shoe Corp. earned $782,-
1852 or S1.75 ( share in l943, COM
pared with $769,517 or $171 in 1912
Taxes were equivalent to S304 a
common share, against 1881 in 1912
and Sl49 in l94l.
Pacific Western Oil Corp. net for
1943 was S1,07l ,041 or SLOT a share
VS.. 1912 profit of $789 ,666 or 70 cents
Mission Corp. earned $1,844,00O OF
sl.33 a share in l943, compared with
$l,397,253 or S10l in 1912.
American Can Co. operations cur
rently reflect expansion permitted
in civilian production and will re-
suit in better earning results, Presi-
dent d. w. Figgis told stockholders
American Sugar Refining Co has
fn l01r-- r
substantially all other assets of the
w. j. McCahan Sugar Refining &
MolaSses Co. of Philadelphia, sub
ject to approval of McCahan stock
holders
Union Oil Co. reported above
ground stocks decreased almost
100000 barrels in 1943, but new de.
velopments in Louisiana, Texas anc
Kansas increased total reserves
more than 20000,000 barrels.
RaybestOs- s-Manhattan, Inc, nigh
have to borrow between $3,000,00t
and $5000,000 in case of delays il
termination of war contracts. despit
the company'S strong financial posi-
ton at the end OF l943, Presiden
Sumner Simpson told stockholders
American Home Products Co. ant
Norwich Pharmacal Co. have aban
doned plans to merge the two com
panies because of war dislocation
and unknown factors affecting tn
future, joint announcement SAID
Spiegel, Inc, has purchased tn
As retail Women'S ready-to-W
stores in IA States of Sally Stores TO
around $l,725,000, President Modi
J. Spiegel told stockholders.
Hercules Powder Co. will build
$24 100000 addition TO its Badge
Ordnance Works at Baraboo Wis
for the manufacture of special am
munition.