Evening star., 1944-10-17
Business Briefs
Manufacturers Shipments in A

Manufacturers Shipments in ,Au-
gust approximated $13,600, 900, 900, a
gain of s1,0O0.0o0,o00 over the pre-
vious month, the Commerce Depart
ment estimated. Retailers added
$500 900 900 to inventories, but August
81 stocks were go below year ago.
Commonwealth Edison Co. set an
offering price of l04l4 for $l55, ,000,-
900 of series L go first mortgage
bonds to be offered publicly.
Central Pacific Railway Co. asked
ICC permission to issue $4,000, 900
series A bonds to be exchanged for
portion of its outstanding first
refunoing ~ bonds of 1949. The
new bonds would bear Al % interest
until August /, 1949. and 3l2 %
thereafter.
A S33,000.0O0 Offering of Los An
geles electric plant refunding bonds,
due 1945 to 1878. was sold to Harri-
man Ripley & Co., Lehman Brothers
and associates. The winning bid
represented an interest cost Of
l.928fo to the issuer.
City of Baltimore received high
bid for S9,450, 900 serial bonds from a
group headed by Halsey, Stuart &
Co. The bid represented an average
interest cost of 1.31220o.
Twin City Rapid Transit Co. offer
ing of $1,000, 900 A. collateral trust
bonds was marketed by group
headed by Dillon, Read & Co. at
1919 plus interest.
Zenith Radio Corp. earned $l.066,-
27S or S216 a share in 3 months
ended July 81, after reserve for re-
negotiation, compared with 1928 .053
or $167 in the same 1943 period.
Production and shipments set all
time records.
Northrop Aircraft, Inc, net for II
months ended July 81 was S6035l6
or 81 so a share-on combined class A
and B stocks, compared with 81 .249,-
535 or S313 on combined stocks In
the preceding year.
Pacific Mills earned $1,317, 700 or
1888 a share in months ended Sep
tember 80, compared with 81 1886 800
or S337 in the same 1943 period.
Superheater Co. net for months
ended September 80 was $l,259, ,202
VS.. $1,283,98l a year ago.
Northwest Air Lines, Inc, profit
for II months ended June, 80 was
S5l7,689 or $l.45 a share VS.. revised
net of S300,092 or sl.28 in the pre-
ceding fiscal year.
Atchison, Topeka Il Santa Fe
Railway reported net income of $29,-
053908 or S10.26 a share in months
ended August 81 VS.. $34 ,939, 1868 or
Sl269 a year ago.
Virginia Electric e. Power Co. di-
rectors will vote October n on pro.
posed sale of streetcar and bW
systems at Richmond and Norfolk
Sale has been ordered by the SEC
Ford Motor Co. will build $780,.
900 addition to its Memphis plant
after the war.
American Brake Shoe Co. stock.
holders will vote December on 4
plan to merge two subsidiaries, Ma.
tional Bearing Metals Co. ane
Electro Alloys Co.
Tri-continental Corp. reported nei
assets on September 80 indicated
an asset coverage of $6.18 a COM
mon share, compared with $4.63 or
December 81, 1943, and $461 on Sep
tember 80, 1943.
Adams Express Co. assets ap-
plicable to common stock were equaI
to 1888 share on September 30
compared with $3.50 at the end OF
1e43 and 1852 year ago.
Cities Service Co. may retain its
oil business, but must dispose of its
interests in 81 public utility prop.
critics, the SEC ruled.
Dresser Mfg. Co. stockholders ap.
proved an increase in authorized
capital stock from $4,000 to 600 ,00(
shares, and a change in the Arms
name to Dresser Industries, Inc.
United Air Lines signed q contrac,
for Is more Douglas DC-6s, bringine
Its total order with Douglas to 81
four-engined planes at . cost o.
t5o.o0o.00o.