Evening star., 1945-05-15
Business Briefs
Cotton CONSUMPTION

Cotton Consumption in Apri.
totaled 769, ,678 bales of lint and 1885,
TOT of linters VS.. 857 ,693 and 100 9Oe
in the previous month and 1851
and 111,017 year ago, the Census
Bureau reported. In 9 months
ended April 80 totals were 1861
of lint and 1,119,722 of linters VS.
1881 1888 and 986,741 year ago.
New Life Insurance of 80 leading
companies in April was 111qo above
year ago and in the first 4 months
of 1945 was 4.8qo higher, the Life
Insurance Association of America
announced.
Richmond Radiator Co. registered
with the SEC 333 1893 additional
common shares to be offered present
holders on May 81 at SO share.
Chicago, Rock Island g. Pacific
Railway reorganization plan was ap.
proved by Federal Court at Chicago
as modified by the ICC.
United Aircraft Corp. declared q
dividend of 81 a common share, pay.
able June Is. In 1914, S1.50 divi-
dends were paid in June and De-
cember.
Atchison, Topeka & Santa FL
Railroad earned S12,799,394 or SAG;
a share in the March quarter VS.
$l0,159,417 or S3.55 a year ago.
Atlantic Coast Line Railroad net
for the quarter was S3,736,876 OF
s4.53 VS.. $4,618,1 1876 or $3.50 in the
same 1914 period.
Chicago e. North Western Railway
earned 1881 1865 or S2.4O in the
quarter VS.. $2,343,04 or S1.35 a year
ago.
Consolidated Natural Gas Co. profit
for the quarter was $4,602, ,227 or
S169 VS.. S4,389,6 or $1.61 in the
same period last year.
Chrysler Corp. earned S8,O94 .236
or $1.86 in the quarter VS.. $5,552,937
or $1.28 year ago.
Columbia Gas G. Electric Corp.
net for the quarter was s5,446, 1853 or
81 cents VS.. $5,603, ,160 or 33 cents in
the same 1914 period.
Sterling Drug, Inc, earned $3,O57,-
S46 or $1.63 in the March quarter
VS.. 81, ,767 ,573 or $1.58 a year ago.
Pacific Gas G. Electric Co. and
subsidiaries reported profit of S21.-
972,278 or $2.17 in II months ended
March 81 VS.. S22, ,720,932 or $2.2e in
the previous year.
Motor Wheel Corp. earned 81 ,662,-
BAT or S196 in 9 months ended
March 81 VS.. $1,100,00o or $1.3O a
year earlier.
Belding Hemingway Co. net for
the March quarter was $115, 1857 OF
% cents VS.. $94 $50 or % cents in
the same 1914 period.
National Tea Co. sold 10000
shares of AZ % cumulative preferred
stock privately through Hemphill
Noyes and Co. to complete its re-
financing program.
ICC permission to issue So SOC, 900 of
equipment trust certificates to help
finance purchase of IL Diesel electric
locomotives and 1000 boxcars.
Schiff Co. sales in April totaled
$1,388 1927, drop of 1897 from a
year ago; in months, $6,100,060, a
gain of $5.2%.
Noma Electric Corp. sales for
April totaled $732,874, a gain of
14.1% overa year ago; in months
$3,006,1 ,127, an increase of S1.8%.
Tide Water Associated Oil Co.
called for redemption on July l all
of its $3.50 cumulative convertible
preferred stock at los and accrued
dividends.
Elliot Co. concluded an underwrit-
ing agreement with F. Eberstadt &
Co. covering 10000 shares of SO
cumulative preferred stock to be Of
fered publicly in July.
Bell Aircraft Corp. is developing a
larger helicopter for military and
commercial use, which can be
adapted for as many as 5 passengers.
New York Stock Exchange elected
John A. Coleman of Adler, Coleman
& Co. as chairman of the Board Of
Governors.