Evening star., 1945-11-27
Business Briefs

Atlas Corp. has an option to pur-
chase substantial majority of AS
sociated Broadcasting Corp. stock
and has advanced $150,0o0 to Asso-
coated, which recently formed a o.
unit national network of formerly
independent stations,
Lehman Brothers announced pur-
chase for themselves and a group of
investors of 443, $50 shares, repre-
senting 46% of outstanding stock
of Vertientes-Camague Sugar Co.
of Cuba from National City Bank of
New York. No changes in manage
ment are contemplated.
Electric Bond g. Share Co. is con-
templating outright sale of its 846,-
985 common shares of American
Gas & Electric Co. instead of offer
ing them in exchange for its own
preferred stock, officials revealed
Proceeds will be applied toward re-
demption of preferred shares.
Panhandle Eastern Pipe Line Co
called for redemption on December
% all of its s10,000,000 10-year az %
debentures and all of its $6,250, ,00C
series A first mortgage bonds. A
S16,000,000 10-year bank loan has
been arranged.
Chicago, Milwaukee, st. Paul &
Pacific Railroad bankruptcy pro-
ceedings came to an end when Fed
eral Judge Michael L. Igoe at Chi
cago signed an order transferring
the property to the reorganized
company.
Pittsburgh Consolidation Coal Co.
created by merger of Pittsburgh
Coal and Consolidation Coal was
formally organized by Is directors
headed by Robert C. Hill, chairman
and George H. Love, president
With assets of more than $1O0,000,-
600, the merged company is the
largest producer of bituminous coal
O'Sullivan Rubber Corp. of Win
chester, Va, registered with the
SEC $1,000 common shares, 5000
shares of 500 par value cumu-
lative preferred stock and S500,0OC
of 4Go first mortgage bonds. Pro-
ceeds will be used to retire present
So preferred and increase working
capital.
New York Central Railroad
earned 4,577 ,633 or $3.8l a share
in 10 months ended October 81 VS.
$3l ,127 .567 or $4.83 year ago.
Norfolk g. Western Railway me-
for 10 months was S18, 8,492 ,966 OF
Sl2.62 VS.. Sl8,286,052 or $1248 ir
the same 1914 period.
Illinois Central Railroad system
earned $13,995,84l or S962 in II
months VS.. S15,3o4,9 1868 or s10.58 6
year aSo.
Western Maryland Railway net
for 10 months was $2,992,872 OF
Sl6.47 On first preferred stock VS.
S3,291 ,6l2 or $18.55.
Fl. L. Green Co. profit for
months ended September 30 was ST.
8o8,O4l or $3.l6 VS.. $1,732,318 or $3.50
Waigreen Co. and subsidiaries
earned $3,130,332 or 1928 a common
share in IL months ended September
30 VS.. s3,334,694 or $225 in the pre-.
vious year.
General Printing Ink Corp. profit
Tor 9 months ended September 81
was $685. ,250 or 36 cents VS.. S419,54
or 81 cents on fewer shares in the
same 1914 period.
Foremost Diaries, Inc, declared 6
dividend of Is cents a common
share, payable January 2. Previou.
payment was 10 cents. Capt. Eddie
Rlca1npacker was elected to tn,
board
United States Rubber Co. pur.
ch--ccca the rayon processing Elant
at Scottsvllle. Va, from the Govern.
ment for 1887 500 and will operate
it at capacity.
Stokeley-Van Camp, Inc, ant
Columbus Foods Corp, which op,
crates five Wisconsin canneries
signed merger agreement provid.
ing for an exchange of stock.
Central Illinois Public Service Co
plan to sell $500, 900 of unsecured
serial notes to banks for refundinl
purposes was approved by the SEC